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Stock Upgrades: Madison Square Garden in Full Bloom


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

MINYANVILLE ORIGINAL The world lost a monumental man who was proud to say, "I am, and ever will be, a white socks, pocket protector, nerdy engineer." As such, Neil Armstrong deserved a better send-off than to see twin dork icons Hewlett-Packard (HPQ) and Best Buy (BBY) slide 9.9% and 15% respectively. His "one giant leap for mankind" will, howeve,r live on forever and occurred in humble size 9 1⁄2 mediums, thank you very much, with no need for $300 Nikes (NKE). Apple (AAPL), up another 2.3% as it became the most valuable company in history, long ago went over the moon and is now en route to Pluto. There it may meet Steve Jobs, apparently a mid-level angel in a parallel universe. No top-tier economic data due today, but Donaldson (DCI), Pointer Telocation (PNTR), PVH Corp. (PVH), SeaDrill (SDRL), and Tiffany (TIF) are all expected to announce quarterly earnings.

Key Energy (KEG): Shares are up before the bell after being taken to Buy from Neutral with a $12 target at SunTrust, which cites strong oil prices and improved margins.

Madison Square Garden (MSG): The stock, at an all time high, is upgraded to Neutral from Negative at Susquehanna. The target is also taken up by $11, to $39.

Marten Transport (MRTN): Shares are moved to Buy from Hold at Wunderlich.

rue21 (RUE): Jefferies juices its recommendation to Buy from Hold amid an attractive valuation and predictable growth model. The new target is $40, up from $32.

TreeHouse Foods (THS): The name is now Buy from Neutral at Citigroup, which is optimistic over the imminent launch of private label K-cup coffee.

Weyerhaeuser (WY): The paper and forest products powerhouse, mentioned positively in this weekend's Barron's, is upgraded to Market Perform from Underperform by BMO Capital.

(See also: New Stock Coverage: Frozen Smiles All Around for Botox Maker Allergan and Stock Downgrades: Autodesk Takes a Back Seat.)
No positions in stocks mentioned.
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