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Stock Upgrades: Pounding the Table on OpenTable


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

MINYANVILLE ORIGINAL Bubble Wrap maker Sealed Air (SEE) slid 16.77% to post the S&P 500's (^GSPC) poorest performance, a perfect metaphor for a stock market whose recent run up was always destined to go pop. Facebook (FB) fell 4.02% to a fresh low after many of its 'Friends' turned out to be imaginary. The Guns of August, an iconic book of the First World War, were of no use to firearms firm Sturm Ruger (RGR), which dropped 6.23%.

Today, both houses of Congress, those overworked darlings, are due to rise for summer recess, returning on September 10. This morning in economics, analysts expect the July Institute for Supply Management services index to tick up slightly at 10:00 a.m. Eastern. And in earnings action, the last major week of Q2 reporting seasons concludes with Allianz (AZSEY), Beazer Homes (BZH), Petrobras (PBR), Procter & Gamble (PG), Royal Bank of Scotland (RBS), Toyota Motor (TM), and Viacom (VIAB) all expected to report results.

Ansys Inc (ANSS): Robert W. Baird upgrades ANSS to Outperform from Market Perform and takes its target price up by $8 to $76. Long-term growth prospects remain above average.

Cigna (CI): Shares are upgraded to Outperform from Market Perform at BMO Capital.

Demandware (DWRE): DWRE is upgraded to Buy from Neutral at Goldman Sachs.

Hologic (HOLX): Shares are upgraded to Strong Buy from Outperform at Raymond James.

Lafarge (LAF): Sanford Bernstein lifts LAF to Perform from Underperform.

MercadoLibre (MELI): MELI is moved to Overweight from Neutral at JPMorgan.

OpenTable (OPEN): Shares are upgraded to Outperform from Perform at Oppenheimer based on potential 2013 upside.

Ralcorp (RAH): RAH gets raised to Buy from Neutral at UBS.

SM Energy (SM): Société Générale lifts the stock to Buy from Hold.

Sunoco Logistics (SXL): Shares are upgraded to Buy from Neutral at Bank of America-Merrill Lynch.

Teradata (TDC): Sterne Agee takes TDC to Buy from Neutral.

Union Drilling (UDRL): Shares are upgraded to Outperform from Market Perform at BMO Capital.

Whole Foods (WFM): WFM is upgraded to Overweight from Equal-Weight at Morgan Stanley.

(See also: New Stock Coverage: Triumph Group Looks Like a Winner and Stock Downgrades: Running Away From Zipcar.)
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No positions in stocks mentioned.
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