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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.)
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