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Stock Upgrades: Glass Half Full for Heineken


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

MINYANVILLE ORIGINAL Japan's exports slumped the most in six months but as troubles mount for the Land of the Rising Sun, Sunrise Senior Living (SRZ) has no such trouble. A $1.9 billion buyout resulted in an NYSE-best 59.69% surge for the firm founded in 1981. That was of course the year Lady Diana married Prince Harry's father. Supposedly; many maintain he is in fact the milkman's son but, with America's largest diary producer Dean Foods (DF) gaining another 1.25% to take its 12-month advance to 103.76%, does it really matter? Harry now knows what happens in Sin City doesn't stay there. Hopefully, he bought a little Las Vegas Sands (LVS) while in town, it jumping 2.48% on an analyst upgrade.

This morning in economics, July new home sales are out at 10:00 a.m. Eastern. On the corporate front Autodesk (ADSK), Big Lots (BIG), Fred's Inc (FRED), Hormel Foods (HRL), Mentor Graphics (MENT), Rue21 Inc (RUE), and Shoe Carnival (SCVL) are all due to announce earnings.

AllianceBernstein (AB): Shares are now Outperform from Neutral at Credit Suisse amid improved fund performance. The target is also taken up, to $16 from $14.50.

Anworth Mortgage (ANH): The stock is boosted to Buy from Neutral at Sterne Agee.

Credit Suisse (CS): Shares are up in Europe this morning after an upgrade to Buy from Hold by Deutsche Bank.

Heineken (HINKY): Bank of America-Merrill Lynch boosts the Dutch brewer to Buy from Neutral after it reported results.

L-3 Communications (LLL): LLL gets lifted to Sector Perform from Underperform at RBC Capital.

Luminex (LMNX): Shares are now Buy from Neutral at UBS.

Tilly's (TLYS): The apparel company, up 4.80% yesterday, gets boosted to Buy from Hold at Stifel Nicolaus this morning. Catalysts include improved visibility for mid-teens square footage growth.

(See also: New Stock Coverage: Caterpillar Dodges Dog Days of August and Stock Downgrades: Glass Half Empty at SABMiller.)
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