Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Standard Chartered Out of Sin Bin?

By

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

PrintPRINT
MINYANVILLE ORIGINAL Hershey (HSY) hit the highest level in its illustrious history, even as its chocolate syrup was strangely not deemed a health food by Uncle Sam. Congress had earlier designated pizza a vegetable, of course, but a fat lot of good that did Domino's (DPZ), which declined on an analyst downgrade.

Today's quarterly earnings announcements are expected to include Abercrombie & Fitch (ANF), Cisco Systems (CSCO), Deere (DE), Hot Topic (HOTT), Limited Brands (LTD), PetSmart (PETM), Staples (SPLS), Target (TGT), and Unwired Planet (UPIP).

Cooper Cos. (COO): Shares are upgraded to Overweight from Neutral at JPMorgan.

Jive Software (JIVE): JIVE gets upgraded to Outperform from Neutral at Robert W. Baird, whose price objective is $21. They say the company is an attractive acquisition candidate.

Merck KGaA (MKGAY): The German giant gets upgraded to Neutral from Underweight at JPMorgan.

Peregrine Pharmaceuticals (PPHM): Shares are added to the Focus List at Roth Capital.

Plains All American (PAA): Citing strong operating results and attractive organic growth projects, Global Hunter hoists PAA to Buy from Accumulate and takes its target up by $10 to $94.

Shire plc (SHPG): Shares of the British biopharmaceutical firm are boosted to Overweight from Equal Weight by Barclays.

Standard Chartered (SCBFF): Bank of America-Merrill Lynch lifts its fellow financial firm to Buy from Neutral following the $340 million settlement with U.S. regulators over its Iran transactions.

Starbucks (SBUX): The coffee company is added to the US Focus List at Credit Suisse.

Steiner Leisure (STNR): The Bahamas-based spa provider is increased to Overweight from Equal Weight with a $57 objective at Stephens, which sees upside potential to 2013 earnings.

(See also: New Stock Coverage: Joy Global Is All Smiles and Stock Downgrades: Throwing the Book at Barnes & Noble.)
< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE