On May Day - officially International Workers' Day, to give the
date a $10 title it can currently ill afford - Karl Marx must have
enjoyed thumbing his nose at capitalism so spectacularly. Amid
(^DJI) dropped by triple digits, yet mammon still had the last
You see, an equity analyst chose yesterday of all days to begin a
bullish "Buy" recommendation on the planet's most
, whose Street coverage is almost non-existent.
(BRK.A) Warren Buffett, 82, and Charlie Thomas Munger, 89, are of
course mere whippersnappers compared to Sumner Redstone. The
Executive Chairman of
) enters his 90th year this month, with his stock having just
jumped 2.98% to an historic high ahead of this morning's upgrade.
), up impressively after-hours, showed that youth shall also be
served, however. Its CEO is a
, a wonderful German word although, where the Fatherland is
social network really shouldn't go there
. "Go west, young man" proved equally profitable for
) - up 5.60% to top the
(^GSPC) - and
(WSTC), which rode bullish research to rise 3.81%. Alas, for the
old who would like to look young, Botox maker
(AGN) imploded 13.10% in its steepest slide since 1999.
We're now more than two-thirds of way through earnings season, but
key results continue to roll in. Among today's standouts are
American International Group
British Sky Broadcasting
Royal Dutch Shell
(AGN): Lazard lifts the Botox maker to Buy from Neutral after
yesterday's steep slide.
(ABV) The Brazilian brewer, officially known as Companhia de
Bebidas das AmÃ©ricas, is upgraded to Overweight from Neutral at
HSBC Securities. Its price objective is $49.
(ACI): Shares are up this morning on an upgrade to Equal-Weight
from Underweight at Morgan Stanley.
(CVLT): The data-storage software stock is trading higher as I
write on an Overweight-from-Neutral upgrade at Piper Jaffray.
(EZPW): The pawnbroker, which rose an impressive 6.69% on
Wednesday, is this morning moved to Outperform from Market Perform
with Wells Fargo.
Genesee & Wyoming
(GWR): Raymond James raises the railroad operator to Strong Buy
): Shares get upgraded to Buy from Underperform at Bank of
(IVZ): IVZ gets increased to Buy from Neutral at Sterne Agee.
(NBR): NBR is now Hold from Underperform at Jefferies.
(REGN): The stock, a stellar performer yesterday, is this morning
moved to Outperform from Market Perform at JMP Securities.
(STX): Shares are upgraded to Buy from Hold with a $45 target at
Needham, which notes an impressive quarter and strong cash flow.
(STAA): Shares are upgraded to Overweight from Equal Weight at
(TSCO): Janney Capital takes TSCO to Buy from Neutral.
(SLCA): Jefferies juices its rating to Buy from Hold.
): The owner of MTV and Paramount Pictures is upgraded to Buy from
Hold at Wunderlich. Its target is also taken up to $80 from $72
amid a solid network and studio outlook and $2.8 billion in
(YELP): Shares, up sharply this morning, are moved to Market
Perform from Underperform at Northland Securities. The target goes
to $27 from $16.50 following a strong quarter.
New Stock Coverage: T-Mobile Gets Lukewarm
Stock Downgrades: MasterCard No Longer Quite So