Stock Upgrades: AMC Networks Is No Dead Man Walking

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If it's any consolation for those Syrian camels currently cowering in the desert , Hump Day did see the Dow (INDEXDJX:.DJI) score its first increase of the week. With D-Day for Damascus apparently still up in the air , Vestas Wind Systems (OTCMKTS:VWDRY) - based in indecisive old Hamlet's home country of Denmark - surged some 5.11%. That was an especially nice touch, as Bob Dylan's civil rights anthem "Blowin' in the Wind" was released in August 1963, a month that was much on our minds yesterday. Not all enjoyed the rising tide, with Gillette owner Procter & Gamble ( PG ) plunging 1.44% to lead blue chip laggards. Caught between unshaven Brooklyn hipsters and decidedly un-hip hirsute dudes down south , the company currently can't catch a break. Elsewhere, Bank of England Governor Mark Carney addressed business leaders in Nottingham , heartland of Robin Hood. However, it seems that these days there is no longer a need to steal from the rich, as the poor have apparently already inherited the Earth .


In today's corporate earnings action, Campbell Soup ( CPB ), JA Solar ( JASO ), Krispy Kreme Doughnuts ( KKD ), L'Oréal (OTCMKTS:LRLCY), Pall Corp ( PLL ), Pernod Ricard (OTCMKTS:PDRDY), Salesforce.com (CRM), Signet Jewelers (SIG), Splunk (SPLK), Vivendi (OTCMKTS:VIVHY), and WPP Plc (OTCMKTS:WPPGF) are all due to release results.

AMC Networks Inc (AMCX): The broadcaster of shows such as Mad Men and Breaking Bad gets a Buy-from-Neutral boost at B. Riley & Co. In the broker's estimation, a 15% plunge in the stock price since its August 8 earnings provides investors with an attractive entry point, especially ahead of catalysts including season four of The Walking Dead .

Cash America International, Inc. (CSH): FBR Capital moves the pawnbroker to Outperform from Market Perform, in the process increasing its price objective to $50. Catalysts include accretive acquisitions and an uptick in online domestic lending.

Entergy Corporation (ETR): The electric utility gets upgraded to Buy from Neutral at ISI Group.

Infosys Ltd (INFY): Macquarie moves the Indian outsourcing and information technology name to Outperform from Neutral.

Mohawk Industries, Inc. (MHK): Raymond James moves the floor coverings firm to Strong Buy from Outperform.

Semiconductor Manufacturing International (SMI): Sanford Bernstein boosts the Chinese chip stock to Market Perform from Underperform.

US Physical Therapy, Inc. (USPH): The stock is now Buy from Hold at Noble Financial.

Wolseley plc (OTCMKTS:WOSYY): The Swiss plumbing products powerhouse is increased to Buy from Neutral at Citigroup.

(See also: Stock Downgrades: Rotten Tomatoes for The Fresh Market and New Stock Coverage: Stock Up on Sovran Self Storage )



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: CPB , JASO , KKD , PG , PLL

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