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Stock Upgrades: TASER Set for Stunning Success?


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

MINYANVILLE ORIGINAL Netflix (NFLX) fell 5.78% after ominous news about the company was reported by Variety, home to the all-time iconic headline of the Crash of '29. Vivus (VVUS) climbed 3.85% after an unexpectedly early introduction of its obesity drug, and a fat finger was figured for a sudden fall off in oil.

Chicago's classrooms still stand idle, but Virco Manufacturing (VIRC), maker of school furniture, is having considerably more success with empty chairs than Clint Eastwood. Its shares, up 3.24% in regular trading, rose another 8.73% after-hours.

No top-tier economic data due today, but quarterly earnings announcements are expected from FedEx (FDX), Manchester United (MANU), Misonix (MSON), Schiff Nutrition International (SHF), and Versar (VSR).

Broadcom (BRCM): Shares are up before the bell on an upgrade to Outperform from Sector Perform at RBC Capital, whose target is also taken up by $8 to $46. Catalysts include leverage to rising unit growth.

General Motors (GM): GM gets upgraded to Buy from Neutral at Buckingham.

Jive Software (JIVE): JIVE gets upgraded to Outperform from Market Perform with Wells Fargo.

Lamar Advertising (LAMR): LAMR is upgraded to Conviction Buy from Neutral at Goldman Sachs, which also takes its target up to $42 from $34.

L'Oreal (LRLCY): Société Générale gives the cosmetics company a Buy-from-Hold boost.

Manhattan Associates (MANH): MANH is moved to Buy from Hold at ThinkEquity amid improving IT spending trends.

OCZ Technology (OCZ): Shares are upgraded to Buy from Hold at Craig Hallum.

Pall Corp. (PLL): Bank of America-Merrill Lynch lifts the stock to Neutral from Underperform.

Rubicon Technology (RBCN): The company is raised to Buy from Hold at ThinkEquity.

TASER International (TASR): JPMorgan moves the stun gun maker to Overweight from Neutral amid a belief its growth will be driven by the X2/Axon product cycle. The target price is also taken up, to $7.50 from $6.

(See also: Stock Downgrades: Panera Bread Fresh Out of Dough and New Stock Coverage: A.O. Smith Can Keep Up With the Dow Joneses.)
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No positions in stocks mentioned.
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