Stock Downgrades: Dark Day for Luxottica, Which Let Chilean Miners See the Light


That was quite the 81st anniversary present for Fairfield Connecticut couple Ann Betar, 98-year-old cradle robber, and her husband John, 102. The Dow (INDEXDJX:.DJI) touched its Great Depression trough of 40.56 in 1932, the year they eloped. Yesterday, it hit an all-time high of 16,072.54. (With no thanks to Fairfield's own General Electric ( GE ), it must be said, on a day that stock dropped 1.28%.) With US stock markets advancing to historic highs, Trojan condom maker Church & Dwight ( CHD ) ended up 0.44% on a broker boost . Clearly, 1 billion Chinese are no match for Pauly D. This after the loosening of the Sino one-child policy was outweighed by news that the Jersey Shore alum intends to continue with one-night stands - using portfolio "protection," of course - even after recently becoming a father as a result of one such incident. (And truth be told, if that 13-pound, 10-ounce butterball just born in Shanghai is any indication, China's recent decision to spur romance is not to be taken lightly.) In other analyst action Campbell ( CPB ), which slumped more than 7% last week, lost another 1.45% after getting downgraded . But, with BlackBerry ( BBRY ) having just fired its CFO, COO, and CMO - not long after canning its CEO - alphabet-soup sales should soon recover.

In terms of economic events that may move US markets this morning, at 10:00 a.m. Eastern an uptick is expected in the Conference Board's November consumer confidence index. Regarding specific stocks, American Woodmark ( AMWD ), Barnes & Noble (BKS), Children's Place (PLCE), Hewlett-Packard (HPQ), Hormel Foods (HRL), Tiffany (TIF), and TiVo Inc. (TIVO) are all due to release results.

AutoZone (AZO): Goldman Sachs gives AutoZone a Neutral-from-Buy downgrade. Yesterday AutoZone stock ended off 0.43%.

Cardiovascular Systems (CSII): Shares are cut to Hold from Speculative Buy at The Benchmark Company, whose price objective is $35. The rating reset follows its survey of interventional cardiologists who have used its device.

DealerTrack (TRAK): TRAK is taken to Underweight from Equal Weight by Barclays.

Francesca's (FRAN): Shares are now Neutral from Buy with a $22 target price at Janney, which cites less favorable trends in apparel and accessories.

Luxottica (LUX): Luxottica, whose Oakley sunglasses outfitted those heroic miners in Chile , gets lowered to Hold from Buy at Berenberg. As as result, Luxottica stock is trading lower in London today.

Omega Protein (OME): Shares are now in-line from Outperform at Imperial Capital due to valuation issues.

The Fresh Market (TFM): Goldman Sachs downgrades The Fresh Market to Neutral from Buy. It has been an unhappy year for The Fresh Market, whose stock has slumped 35.92%, even as the overall market sets fresh records.

Waters Corp (WAT): The stock is slashed to Neutral from Buy at Goldman Sachs.

(See also: New Stock Coverage: Tuesday Morning a Fine Time to Buy Tuesday Morning and Stock Upgrades: Fast Money Says 'Run, Forest (Labs), Run!' )

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: AMWD , BBRY , CHD , CPB , GE



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