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: Moody's in High Spirits


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

MINYANVILLE ORIGINAL Eastman Kodak (EKDKQ), which hit an all-time high of $94.75 in 1997, ended the week at $.20 amid ongoing bankruptcy issues. Apple Inc. (AAPL), which almost went bankrupt in 1997, ended the week up 1.6% at another record after unveiling the fifth iteration of its iPhone. The product's English designer was thus able to afford a fancy new home costing £10million. $10 million buys you the Paris apartment once owned by Renoir, but an offering by the artist picked up for seven bucks at a flea market arguably offers better value.

Crane (CR): Shares are upgraded to Buy from Neutral at Citigroup, which likes its late-cycle product mix. The target is also taken up by $6, to $47.

Euronet (EEFT): The stock is now Buy from Neutral at Sterne Agee, whose price objective is $23.

GOL Linhas Aéreas Inteligentes (GOL): The São Paulo-based airline, up 21% last week, is now Neutral from Sell at Citigroup.

Hanover Insurance (THG): Shares get upgraded to Outperform from Market Perform at FBR Capital.

Moody's (MCO): MCO is moved to Buy from Hold with a new higher target of $51 at The Benchmark Company, which expects US debt issuance to remain strong in upcoming months amid easing comparisons.

Novartis (NVS): NVS is now Outperform from Neutral at BNP Paribas.

Randgold Resources (GOLD): GOLD gets upgraded to Neutral from Sell at Citi.

Sutor Technology (SUTR): Roth Capital raises its recommendation to Buy from Neutral.

Tesla Motors (TSLA): Morgan Stanley moves the shares up an unusual 180 degrees, to Overweight from Underweight. As a result, the stock is surging some 6.8% before this morning's opening bell.

Unilever (UN): The consumer products giant gets upgraded at UBS to Buy from Neutral.

WisdomTree (WETF): Shares are added to the Top Picks Live list at Citigroup.

(See also: Stock Downgrades: Open Season on OpenTable and New Stock Coverage: No Hollywood Ending for Netflix.)
< Previous
  • 1
Next >
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