Stock Downgrades: Carnival Corporation Is in Deep Ship


Who'd have thought Dr. Seuss would be way scarier than Dr. Doom ? Green eggs inspired gridlock on Capitol Hill outweighed an unusually sunny-side-up outlook from Nouriel Roubini to send the Dow (INDEXDJX:.DJI) down for a fourth straight day. Some stocks did buck the market's malaise. A suddenly resurgent Yahoo ( YHOO ) jumped 3.34%. Its Marissa Mayer, to judge by her awkward ellipsis when saying " We promise not to screw… " after buying Tumblr - which made its name in porn, yet - is clearly still getting the hang of this Twitter thing. Twitter itself, however, appears far more sure-footed, and is now apparently on the brink of choosing the NYSE over Nasdaq (INDEXNASDAQ:.IXIC) for its initial public offering. This with memories of the latter's Facebook ( FB ) fiasco still fresh. (Although not nearly as fresh as they were; a broker boost just sent the social networking name up 2.67% to a new best.) And as The Goldbergs made a totally awesome debut on ABC, a couple of other '80s icons fared less well. Trapper Keeper owner ACCO Brands ( ACCO ) tumbled 2.15% and Perry Ellis ( PERY ), whose clothes outfitted the decade, plunged 2.59%.

Today in economics, analysts anticipate an uptick in August new home sales at 10:00 a.m. Eastern. In earnings action, quarterly announcements are expected out of AutoZone ( AZO ), Bed Bath & Beyond (BBBY), and Jabil Circuit (JBL).

Bravio Brio Restaurant Group (BBRG): Shares are slashed to Neutral from Overweight at Piper Jaffray.

CarMax (KMX): Goldman Sachs cuts the company to Neutral from Buy.

Carnival Corporation (CCL): The cruise company, which slid 7.65% yesterday on iffy earnings, is sinking further in today's overseas trading after being moved to Underweight from Equal-Weight at Morgan Stanley. Bank of America-Merrill Lynch (Neutral from Buy) and Natixis (Reduce from Neutral) add to the agony.

Cypress Semiconductor (CY): Shares, which slumped yesterday, are now Neutral from Outperform with Wedbush. The price objective, previously $14, is lowered to $10.

Dollar Tree (DLTR): Goldman Sachs pulls the stock from its list of Conviction Buys.

Raptor Pharmaceuticals (RPTP): RPTP gets reduced to Perform from Outperform at Oppenheimer due to valuation, with the drug Cystinosis now already priced in.

Reliance Steel (RS): Bank of America-Merrill moves the commodity company to Neutral from Buy.

Skyworks Solutions (SWKS): B. Riley & Co. reduces the semiconductor stock to Neutral from Buy.

Tesco (OTCMKTS:TSCDY): JPMorgan gives the British grocery giant an Underweight-from-Neutral downgrade.

(See also: New Stock Coverage: Goldman Guarantees You're Going to Like Men's Wearhouse and Stock Upgrades: Cash America Can Make You a Pawn Star )

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: ACCO , AZO , FB , PERY , YHOO



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