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: Jive Software Set to Jump


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

MINYANVILLE ORIGINAL Sad speculation continued to circulate regarding George Clooney's relationship status, but the actor who once asked "what's in your backpack?" will presumably be happy to see JanSport maker VF Corp. (VFC) hit the highest level in its history. Facebook (FB) surged 7.73% after Mark Zuckerberg's fireside chat failed to turn into the grilling many expected, and his Jessica Rabbit defense of recently reviled Zynga (ZNGA) (a "fundamentally strong company") sent the Draw Something maker up 10.04%.

Sirius XM Radio (SIRI) will find it harder to pay Howard Stern's considerable salary after falling 3.00%. Apparently an old-fashioned medium has an increasingly hard time captivating the attention of the audience…and occasionally even the host.

Today at 12:30 p.m. Eastern, the Federal Open Market Committee is expected to announce its eagerly awaited decision on interest rates. The Fed's economic forecasts follow at 2:00 p.m., and Ben Bernanke holds his press conference at 2:15 p.m. In earnings action, Analogic (ALOG), Pier 1 Imports (PIR), and SED International (SED) are all due to report results.

Cliffs Natural Resources (CLF): CLF is upgraded to Buy from Neutral at Nomura.

Dover (DOV): Shares are upgraded to Overweight from Equal Weight at Barclays.

Foster Wheeler (FWLT): The stock is upgraded at DA Davidson Buy from Neutral as recent order improvements bode well. The target is also taken up, $30 from $20.

Jive Software (JIVE): Shares are up before the bell on an upgrade to Buy from Neutral at UBS.

Precision Drilling (PDS): PDS is upgraded to Outperform from Market Perform with Wells Fargo.

Realty Income (O): O is upgraded to Outperform from Neutral by Robert Baird based on valuation among other factors.

WPP Plc (WPPGY): The British advertising giant gets upgraded to Hold from Underperform at Jefferies.

Zumiez (ZUMZ): Shares get a Buy-from-Neutral boost at DA Davidson.

(See also: New Stock Coverage: Coach Stuck in Neutral and Stock Downgrades: Nike Just Not Doing It.)
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.
Featured Videos