Stock Upgrades: Goldman Given a Blankfein Check

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In Australia, money now literally grows on trees . Alas, here in America, equities went Down Under and not because the dingo ate my baby , but due to the Caterpillar ( CAT ) that swallowed the canary. The pride of Peoria slumped 6.07% and took Dow Industrials (INDEXDJX:.DJI) down with it. Beleaguered JC Penney ( JCP ) actually surged 7.48% but too late, alas, for billionaire Bill Ackman who lost so much money in the stock he must now travel by bike . (Rather contradicting the results of a recent survey .) Elsewhere, it was a good day for "big and tall guys," with Destination XL Group ( DXLG ) gaining 2.76% to a fresh best, and an upgraded Apollo Group ( APOL ), which graduated Shaquille O'Neal , advancing 27.98% in its best day ever.

The single busiest session for third quarter earnings is upon us, with Amazon.com ( AMZN ), Credit Suisse (CS) Dow Chemical (DOW), Ericsson (ERIC), Ford (F), Microsoft (MSFT), 3M Co (MMM) Under Armour (UA), Western Digital (WDC), and Zynga (ZNGA) all due to announce results.

Agnico-Eagle Mines (AEM): AEM is upgraded to Outperform from Perform at BMO Capital Markets.

Canadian Pacific (CP): Calling current targets conservative, RBC Capital raises the railroad to Sector Perform from Underperform. Its price objective is increased to $133.

Corning (GLW): After yesterday's surge, shares are upgraded to Buy from Hold at Cross Research.

Chesapeake Energy (CHK): The energy name is now Buy from Neutral at Citigroup.

Eli Lilly (LLY): LLY is lifted to Buy from Neutral at MKM Partners.

French Banks : Bank of America-Merrill Lynch lifts BNP Paribas (OTCMKTS:BNPQY) and Société Générale (OTCMKTS:SCGLY), both now Buy from Neutral.

Goldman Sachs (GS): The financial giant and Dow (INDEXDJX:.DJI) member, whose Lloyd Blankfein has just consolidated his grip on power , gets upgraded to Buy from Hold at Deutsche Bank. Shares, snapping a recent slide, are accordingly up as I write.

Ironwood Pharmaceuticals (IRWD): Shares are increased to Outperform from Perform at Cowen.

JAKKS Pacific (JAKK): The toymaker is taken to Buy from Neutral at B. Riley & Co., whose target increases to $8.50 from $4.50.

Lam Research (LRCX): LRCX gets lifted to Buy from Neutral at Goldman.

Urban Outfitters (URBN): Shares are upgraded to Overweight from Neutral at Atlantic Equities.

US Airways (LCC) Shares are upgraded to Buy from Hold at Deutsche Bank.

(See also: Stock Downgrades: Caterpillar Still in the Doghouse and New Stock Coverage: This Is Time Warner's Moment in the Sun )



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: AMZN , APOL , CAT , DXLG , JCP

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