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: Priceline Going Places

By

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

PrintPRINT
MINYANVILLE ORIGINAL As the Democratic convention concluded in Charlotte, ancillary investment plays abounded. On a stellar day in equities, Cherokee (CHKE) actually fell 1.43% following its Q2 earnings announcement, which will particularly perturb one blonde-haired, blue-eyed member of the tribe.

Sears (SHLD) surged 10.09% to top the entire S&P 500 Index(^GSPC). Its Chicago tower was the world's tallest back in the day, although one Windy City politician may say we "didn't build that." President Obama, being a big fan of bullets both magic and silver, can enjoy this morning's 20% surge in Smith & Wesson (SWHC). And the decision to switch his speech from Bank of America (BAC) Stadium promptly sent it skyrocketing 5.03% to best all blue chips (^DJI).

Today's quarterly earnings announcements are expected to include Brady Corp. (BRC), Kroger (KR), and Lululemon Athletica (LULU).

AstraZeneca (AZN): Shares are upgraded to Equal-Weight from Underweight at Morgan Stanley.

Boston Properties (BXP): BSX is upgraded to Buy from Neutral at Citigroup.

Cabela's (CAB): CAB is upgraded to Outperform from Neutral at Credit Suisse.

Denbury Resources (DNR): The stock is now Buy from Neutral at Sterne Agee.

Equity Residential (EQR): Shares are upgraded to Buy from Hold at Cantor Fitzgerald, whose target is $68.50. An attractive valuation is cited.

European Financials: Barclays (BCS) is boosted by Deutsche Bank to Buy from Hold.

Packaging Stocks: Packaging Corp (PKG) is now Neutral from Sell at Goldman Sachs, which raises Rock-Tenn (RKT) to Conviction Buy from Neutral.

Priceline.com (PCLN): Shares are now Buy from Neutral at Nomura, whose target is $740.

SunTrust Banks (STI): STI is taken to Outperform from Market Perform at BMO Capital.

Starwood Hotels (HOT): Argus hoists HOT to Buy from Hold to reflect is aggressive growth strategy.

Synacor (SYNC): Bank of America-Merrill Lynch lifts the stock to Buy from Neutral.

Zimmer (ZMH): The medical device maker gets moved to Outperform from Market Perform by Sanford Bernstein.

(See also: Stock Downgrades: Jacobs Engineering Not Building Ladder to Stars and New Stock Coverage: Franklin Resources Is All About the Benjamins.)
< 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.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE