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Stock Upgrades: Time Warner Ticking Over Nicely


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

MINYANVILLE ORIGINAL Pimply faced teenagers heading back to high school saw Medicis (MRX), whose products include Solodyn to treat acne, advance 38.31% in the NYSE's strongest showing. Dean Foods (DF), America's largest dairy producer, rose another 1.95% to take its 12-month gain to 107.18%. Meanwhile, a man in tony Greenwich, Connecticut, is celebrating a second lottery win after his wife said he "needed to get milk."

Democrats convened in Charlotte with nary a mention of persona non grata peanut farmer Jimmy Carter, although the 39th president had the last laugh as JM Smucker (SJM) climbed 1.26% to an all-time high. K-Swiss (KSWS), forever synonymous with a Russian tennis player known more for her beauty than talent, increased 13.78% as a compatriot who has actually won some silverware was reduced to doing a rain dance at Flushing Meadows.

Today's earnings announcements are due to include AeroVironment (AVAV), Conn's Inc. (CONN), Dollar General (DG), H&R Block (HRB), Harry Winston Diamond (HWD), Men's Wearhouse (MW), SeaChange International (SEAC), and VeriFone (PAY).

Aeropostale (ARO): ARO is upgraded to Buy from Neutral at Bank of America-Merrill Lynch.

AMN Healthcare (AHS): Shares are upgraded to Buy from Neutral at Citigroup, whose price objective is $11. Catalysts include market share gains and benefits from its managed service program offering.

BT Group (BT): The British telecom titian is moved to Overweight from Neutral at JPMorgan.

Codexis (CDXS): Shares are now Neutral from Underweight at Piper Jaffray.

Cross Country Healthcare (CCRN): The stock is upgraded to Buy from Neutral at Citi.

Eli Lilly (LLY): Sanford Bernstein lifts LLY to Outperform from Market Perform.

Green Dot (GDOT): The stock is surging before the bell on an upgrade to Overweight from Neutral at Piper Jaffray, whose target is $20.

McKesson (MCK): MCK is moved to Buy from Neutral to Buy at Mizuho.

Time Warner (TWX): TWX is taken to Buy from Neutral at UBS amid expectations that earnings will be more stable going forward. The new target is $50, up from $39.

UBS AG (UBS): The Swiss bank gets an unusual 180 degree (Outperform from Underperform) boost by BNP Paribas.

Vitamin Shoppe (VSI): Bank of America-Merrill moves the stock to Buy from Neutral.

Williams-Sonoma (WSM): Shares are upgraded to Buy from Hold at Deutsche Bank.

(See also: New Stock Coverage: Petrobras Way to Play Brazil Boom and Stock Downgrades: Check Not in the Mail for FedEx.)

(See also: SEC Says Retail Investors Are Clueless About Stocks.)
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No positions in stocks mentioned.
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