Stock Downgrades: McGraw-Hill Has Mountain to Climb


In a session that should have been all about the Benjamins , Wall Street's recently reliable money making machine suddenly ground to a halt. On an otherwise desultory day for the Dow (^DJI), Microsoft ( MSFT ) did gain 3.79%, as a bunch of German jocks proved far more proficient with PowerPoint that a couple of Harvard economists just did with Excel .

Mr. Softie, of course, instituted dividends years ago; a penny for its thoughts as an utterly unloved Apple Inc. ( AAPL ) (Steve Jobs of Bill Gates: " He just shamelessly ripped off other people's ideas ") apes it by becoming a dividend play. And a day after Twitter's hacked bluebird temporary grounded stocks, Red Robin ( RRGB ) rose 2.92% on an analyst upgrade and Boeing (BA) hit a half-decade high. Pity none of us can fly at the moment .

The single busiest day of earnings season has arrived with Amazon (AMZN), AstraZeneca (AZN), Bristol-Myers Squibb (BMY), Coca-Cola (KO), ConocoPhillips (COP), Exxon Mobil (XOM), Gazprom ( OGZPY ), JetBlue Airways (JBLU), Starbucks (SBUX), and United Parcel Service (UPS) all due to report results.

Air Products (APD): Shares are now Neutral from Overweight at Atlantic Equities.

Buckeye Technologies (BKI): RBC Capital reduces its recommendation to Sector Perform from Outperform.

Cullen/Frost Bankers (CFR): FBC Capital cuts the company to Underperform from Perform, trimming its target price by $2 to $56 in the process. First quarter results were weaker than expected amid NIM (Net Interest Margin) pressure.

First Solar (FSLR): Yesterday's top S&P 500 (^GSPC) stock is today lowered to Underperform from Market Perform at Raymond James.

Hatteras Financial (HTS): The residential Real Estate Investment Trust gets moved to Market Perform from Outperform by Keefe Bruyette.

Interface (TILE): Raymond James takes TILE to Market Perform from Outperform.

Intuit (INTU): The TurboTax owner is downgraded by both Citigroup (Neutral from Buy) and JPMorgan (Neutral from Overweight.)

McGraw-Hill ( MHP ): Jefferies reduces the Standard & Poor's ratings agency owner to Hold from Buy.

Mellanox Technologies (MLNX): Shares are moved to Neutral from Buy at Mizuho, which notes a troubling lack of catalysts and uncertain visibility regarding large deals.

Noranda Aluminum (NOR): NOR is now Neutral from Buy at Bank of America-Merrill Lynch.

SEI Investments (SEIC): Keefe Bruyette cuts the asset management company to Market Perform from Outperform.

TC Pipelines (TCP): TCP gets taken to Neutral from Buy at Bank of America-Merrill Lynch.

T. Rowe Price Group (TROW): Shares are now Market Perform from Outperform with Wells Fargo.

Valley National (VLY): Keefe Bruyette reduces the regional bank to Underperform from Market Perform.

VMware (VMW): The tech stock is taken to Underperform from Market Perform by Sanford Bernstein, one of several downgrades this morning.

Western Digital (WDC): Brokerage boutique Craig-Hallum downgrades WDC to Hold from Buy.

(See also: New Stock Coverage: Sink Your Teeth Into Diamondback Energy and Stock Upgrades: Yesterday's Mutiny Provides Bounty for P&G Shareholders .)

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: AAPL , MHP , MSFT , OGZPY , RRGB



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