Yesterday it definitely didn't pay to be square, neither for
). While the beleaguered retailer gave back another 3.72% after
parting company with Bill Ackman, a surprisingly trendy hepcat
called the shots. For it was 77-year-old Carl Icahn, suddenly
sporting designer stubble, taking to Twitter that saw
) advance 4.75% and helped the
(^DJI) erase its prior 77-point drop. Elsewhere
) - which was
once famously pilfered in plain sight by Steve
- rose 3.35% to a fresh 52-week on an
Today's quarterly earnings announcements are expected to include
Dick's Sporting Goods
(ARO): The clothing company popular among young adults is moved to
Underweight from Hold at KeyBanc Capital Markets.
: After yesterday's Justice Department-induced horror show in the
sector, JPMorgan downgrades bankrupt American Airlines owner
Delta Air Lines, Inc.
US Airways Group Inc
(LCC). All are now Neutral from Overweight. The bank is concerned
about increased risk arising from Uncle Sam's stated intention to
stop the merger between AMR and LCC.
(BR): JP Morgan moves the stock to Underweight from Neutral.
(CHA): Shares are now Neutral from Buy at UBS.
(CCH): The bottling behemoth gets downgraded to Neutral from Buy at
(CREE): The lighting company is lowered to Neutral from Buy with an
amended price objective of $65 at DA Davidson due to disappointing
growth and margins. Shares are falling about 15% before this
morning's opening bell.
(CST): Credit Suisse cuts the specialty retail stock to
Underperform from Neutral.
(DB): The German financial giant gets downgraded to Sector Perform
from Outperform at RBC Capital Markets.
(EVEP): RBC Capital Markets cuts the company to Sector Perform from
(MM): MM is moved to Hold from Buy at Canaccord Genuity.
(RIG) are each now Neutral from Buy at ISI Group, which cuts
(NE) to Buy from Strong Buy.
(PRXL): Sterne Agee slashes the medical name to Underperform from
(POM): Shares are downgraded to Hold from Buy at Williams Capital
Group, which also trims its price target by $1 to $21 amid
comparatively sluggish annual base rate increases.
(PDH): The stock is now Neutral from Buy at UBS.
(REPYY): Barclays reduces the Spanish energy giant to Equal Weight
(WU): The money-transfer titan is taken to Underweight from Neutral
Stock Upgrades: Hovnanian Enterprises, Inc Laughing All
The Way to Red Bank
New Stock Coverage: Kite Realty Group Trust Can Fly