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: Impressive Liquid Assets at American Water Works (NYSE:AWK)


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

MINYANVILLE ORIGINAL The man from Del Monte (FDP) said yes, its shares adding 5.70% on upbeat analyst comments. A similar research recommendation sent Marathon Oil (MRO) up, and for those who prefer shorter races, Sprint (S) rose 7.13% to lead all S&P 500 (^GSPC) issues. USA Today owner Gannett (GCI) gained 4.34% to its highest level since 2008; give some shares to that 81-year-old paper girl. Vulcan Materials (VMC) added 2.94%, which will please Mr. Spock, although a fellow Trekkie has had better days.

Today in economics, August Leading Indicators and the Philadelphia Fed Index for September are each out at 10:00 a.m. Eastern. In earnings action, CarMax (KMX), Cintas (CTAS), ConAgra (CAG), Jefferies Group (JEF), Marcus Corp. (MCS), Oracle (ORCL), Rite Aid (RAD), Scholastic (SCHL), and Tibco Software (TIBX) are all due to report results.

Adobe Systems (ADBE): ADBE is upgraded to Outperform from Sector Perform at RBC Capital, which cites subscription model changes and Creative Cloud opportunities. The target is also taken up by $6, to $40.

American Water Works (NYSE:AWK): Shares get upgraded to Conviction Buy List from Neutral at Goldman Sachs, which highlights above average growth and recent rate increases. The new higher target is $42.

Boston Properties (BXP): The REIT is raised to Hold from Underweight at KeyBanc, which says the Fed's latest actions have resulted in a flattened yield curve.

Cellcom Israel (CEL): Barclays boosts the company to Equal Weight from Underweight.

DreamWorks Animation (DWA): Shares are now Neutral from Sell at Janney Capital.

FMC Technologies (FTI): FTI gets taken to Buy from Neutral at Guggenheim.

Homebuilders: Ryland Group (RYL) and Pulte (PHM) are each upgraded to Buy from Hold at Compass Point, which says real estate is undeniably continuing its recovery.

Keynote Systems (KEYN): Shares are upgraded to Buy from Hold at Craig-Hallum, which takes its target up to $20.

Kinross Gold (KGC): KGC gets upgraded to Buy from Hold at TD Securities.

Limited Brands (LTD): Credit Suisse lifts the Victoria's Secret owner to Outperform from Neutral as it believes their 6-7% comps are sustainable.

Owens Corning (OC): OC is increased to Outperform from Neutral at Macquarie, whose price objective is $38.

Pinnacle Entertainment (PNK): Shares are up before the bell on an upgrade at Crédit Agricole, which takes it to Buy from Outperform.

Technip (TKPPY): The stock is boosted to Buy from Hold at Société Générale.

(See also: Stock Downgrades: Bad Day for Big Banks and New Stock Coverage: CoreLogic (NYSE:CLGX) Makes Cents.)
< 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