Stock Upgrades: Cisco Systems, Inc. Is on the Right Route


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While big fish still apparently prefer to ride the subway , perhaps inspired by the example of Wall Street's most notorious shark , it was four wheels that proved infinitely more profitable yesterday. Dow Industrials (^DJI) avoided their first four-session swoon of 2013, swept up with the ebullience surrounding electric car maker Tesla Motors ( TSLA ). The company owned by Mr. Musk, a proud son of Pretoria, rose 14.34% to a fresh best. Elsewhere Nike Inc ( NKE ), whose recent experience with South Africans has been somewhat less savory , took its 12-month increase to 37.75% on a broker boost . And a long-lost silent Orson Wells movie surfaced , called Too Much Johnson . Judging by this morning's mayhem in JC Penney ( JCP ), Bill Ackman - for whom silence is anathema - is already hard at work on a sequel .

Today in economics, June wholesale inventories are predicted to pick up from the prior month's pace at 10:00 a.m. Eastern. In earnings action, expect Arkansas Best ( ABFS ), Beacon Roofing Supply (BECN), Harvest Natural Resources (HNR), Sterling Construction (STRL), and Whitewave Foods (WWAV) to report results.

Accenture (ACN): The consulting company is raised to Outperform from Neutral by Robert W. Baird, which cites offshore Information Technology growth and a gradual macroeconomic improvement in Europe among other favorable factors. Its price objective, previously $78, is now $86.

Aviva (AV): Bank of America-Merrill Lynch lifts the London-based life insurance firm to Buy from Neutral.

Breitburn Energy (BBEP): BBEP is boosted to Buy from Neutral at Citigroup.

Bruker Corporation (BRKR): The scientific and technical instruments outfit is taken to Buy from Neutral at Bank of America-Merrill.

Cisco Systems, Inc. ( CSCO ): The provider of Internet routers and switches, a key Dow (^DJI) component, is now Neutral from Underweight at JPMorgan. Shares are showing strength ahead of this morning's opening bell as a result.

Commerzbank (CRZBY): BNP Paribas increases the German financial giant to Outperform from Neutral.

Geron (GERN): Piper Jaffray upgrades the biotech to Overweight from Neutral.

HeartWare (HTWR): HTWR is hoisted to Outperform from Neutral at Credit Suisse.

HSBC Holdings (HBC): Jefferies juices its investment opinion on Europe's biggest bank to Buy from Hold.

IHS Inc. (IHS): Deutsche Bank gives the information and analytics outfit a Buy-from-Hold boost.

Intrepid Potash (IPI): The recently-slumping stock gets boosted to Buy from Hold at BGC Partners.

Kimco Realty (KIM): The retail Real Estate Investment Trust is raised to Buy from Neutral at Bank of America-Merrill Lynch.

Noah Holdings (NOAH): NOAH is now Outperform from Perform with an $18 price objective at Oppenheimer, which highlights the company's Gopher asset management business.

Royal Gold (RGLD): RBC Capital raises the commodity firm to Outperform from Market Perform.

St. Jude Medical (STJ): Shares get upgraded to Outperform from Market Perform with Wells Fargo.

Tim Hortons (THI): The Canadian coffee and donut company gets upgraded to Buy from Hold at Canaccord Genuity.

(See also: Stock Downgrades: Foot Locker, Inc. Kicked to the Curb and New Stock Coverage: Take-Two Interactive Software, Inc. Prepares to Party Like a Rockstar )

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

This article appears in: Investing , Stocks
More Headlines for: ABFS , CSCO , JCP , NKE , TSLA

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