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Stock Upgrades: Sky's the Limit for Flooring Firm Lumber Liquidators

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Wall Street ratings agencies set the tone for today's stock market.

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MINYANVILLE ORIGINAL Six Flags (SIX) advanced again a day after announcing its Q2 profit more than doubled. That's one more flag than Olympic ring, but best to keep an extra handy in case Korea is involved. RadioShack (RSH), downgraded today, tumbled 28.77% to an all-time low, although anyone who claims video killed the radio star ought to think again. After all, video conferencing provider Polycom (PLCM) imploded 11.86% and video-subscription company Netflix (NFLX) nosedived 25.02%. (The latter decline was likely attributable to the fact that we've all seen this movie before. Indeed yesterday was the one-year anniversary of the S&P starting its 17% slide amid the debt ceiling debacle.)

Today in economics, June pending home sales are due at 10:00 a.m. Eastern. In earnings action, expect announcements out of AstraZeneca (AZN), Banco Santander (SAN), Coinstar (CSTR), Dunkin' Brands (DNKN), Expedia (EXPE), Facebook (FB), Gilead (GILD), Rolls-Royce (RYCEY), Starbucks (SBUX), Volkswagen (VLKAY), and Zimmer (ZMH).

AllianceBernstein (AB): Bank of America-Merrill Lynch lifts the financial firm to Neutral from Underperform.

Buffalo Wild Wings (BWLD): BWLD is upgraded to Market Perform from Underperform at Raymond James, which cites a more favorable risk/reward ratio.

Canadian Pacific (CP): The stock is higher before the bell on an upgrade to Outperform from Market Perform at BMO Capital.

Carter Holdings (CRI): CRI is now Buy from Neutral at Sterne Agee.

Christopher & Banks (CBK): The stock is upgraded to Overweight from Neutral at Piper Jaffray.

Coach (COH): Shares are upgraded to Overweight from Equal-Weight at Morgan Stanley.

Flushing Financial (FFIC): FFIC is raised to Outperform from Perform at Raymond James, whose target is $16.

FMC Technologies (FTI): Shares are boosted to Market Perform from Underperform by BMO Capital.

Informatica (INFA): The stock is upgraded to Buy from Neutral at Roth Capital.

Lumber Liquidators (LL): The hardwood flooring firm is now Neutral from Sell at Janney Capital.

Marvell Technology (MRVL): MRVL is moved to Outperform from Mkt Perform at JMP Securities.

Oil & Gas: Goldman Sachs gives Basic Energy Services (BAS) an unusual Buy-from-Sell boost, and also adds it to their list of Conviction Buys. Pioneer Drilling (PDC) meanwhile is now Buy from Neutral at Goldman.

Regeneron Pharmaceuticals (REGN): Encouraged by strong sales of Eylea, Roth Capital raises its REGN recommendation to Buy from Neutral. The price objective is $157.

Schlumberger (SLB): Goldman gives the oil services company a Buy-from-Neutral boost.

Spreadtrum Communications (SPRD): Shares are upgraded to Overweight from Equal Weight at Morgan Stanley.

The Fresh Market (TFM): TFM is taken to Buy from Hold at Deutsche Bank.

Tractor Supply (TSCO): JPMorgan takes TSCO to Overweight from Neutral.

Yamana Gold (AUY): The stock gets upgraded to Overweight from Neutral at HSBC Securities, whose target is $18.

(See also: Stock Downgrades: 'Farmville' Owner Zynga Taken to Woodshed and New Stock Coverage: Analyst Not Puckering Up to Avon.)
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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