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Stock Upgrades: Coach Can Recapture Winning Formula


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

MINYANVILLE ORIGINAL NYSE Euronext (NYX) fell 1.41% as the world learned that the Big Board's ex-head had died. He did much to introduce computer technology to the bourse, and will have been appalled at how computers have now gone completely haywire on Wall Street. Lady Gaga was pleased with a 12.01% gain in Le Gaga (GAGA), although the carnivorous pop star lost her skirt in shares of Tyson Foods (TSN) as America's largest meat processor slid 7.99% to a fresh 52-week low.

Today's quarterly earnings are expected to include Arcos Dorados (ARCO), Blount International (BLT), Cablevision (CVC), Fossil (FOSL), Intercontinental Hotels (IHG), Molson Coors (TAP), Office Depot (ODP), (PCLN), Sirius XM Radio (SIRI), and Walt Disney (DIS).

Amgen (AMGN): Lazard lifts the world's biggest biotech by an unusual 180 degrees, to Buy from Sell.

Arch Coal (ACI): ACI is upgraded to Buy from Hold at Argus. (CYOU): Shares, up sharply yesterday, gets upgraded to Buy from Outperform at Crédit Agricole.

Coach Inc (COH): Following recent weakness, the stock is boosted to Buy from Hold at Canaccord Genuity, whose price objective is $71 target price. The company's China business will become a greater contributor to profitability going forward.

Exelon (EXC): Shares are moved to Neutral from Underweight at JPMorgan.

Luminex (LMNX): LMNX is lifted to Neutral from Underperform at Cowen.

Stantec (STN): The stock is raised to Outperform from Perform at Raymond James.

Scotiabank (BNS): Barclays boosts the Canadian company to Equal Weight from Underweight.

Targa Resources (NGLS) Robert W. Baird raises its recommendation to Outperform from Neutral.

Technology Stocks: Applied Materials (AMAT), Freescale Semiconductor (FSL), and LSI Corp. (LSI) all get Buy-from-Neutral boosts at Goldman Sachs.

Tumi Holdings (TUMI): Credit Suisse takes TUMI to Outperform from Neutral.

Tyson Foods (TSN): Shares, a poor performer yesterday, are upgraded to Overweight from Equal Weight at Stephens.

Vivus Inc (VVUS): The stock is higher ahead of the open after being upgraded to Buy from Neutral at Lazard Capital, which has a $36 price target.

(See also: New Stock Coverage: Campbell Soup Not Hot Stock in August and Stock Downgrades: Dark Days Not Over for Knight.)
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No positions in stocks mentioned.
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