Stock Upgrades: Green Ink for Green Dot and Greenbrier

By
A A A

With due deference to the newly crowed World Series winner , this Halloween equities were neither green nor monster. The S&P 500 Index (INDEXSP:.INX) ended in the red on the day, but losses were contained and October - often an awful month - proved immensely profitable on Wall Street. A witch's brew did, admittedly, strike Craft Brew Alliance ( BREW ), which fell 4.20% and incurs a rating reduction this morning. Yet the scary sounding Tremor Video ( TRMR ) jumped 5.13%. Weight Watchers ( WTW ), meanwhile, was to die-t for, nose-diving 19.56%; you'd be better off with the Chinese diet drug made up of flesh-eating zombies . On a horrific calorific day, Paula Deen - who makes a mighty unlikely mouthpiece for diabetes -- saw her Novo Nordisk ( NVO ), which treats the ailment, slump some 7.95%. There was a Rocky Horror Picture Show for Rocky Brands ( RCKY ), which tumbled 22.65%. And an unloved Kraft Foods (KRFT) , longtime maker of Oreos, was to dye for , imploding 1.92%. Alistair Cookie of Monsterpiece Theater glowered from the Great Beyond.


Today in economics, October's Institute for Supply Management manufacturing index is expected to slip from September's pace at 10:00 a.m. Eastern. Another frenzied week for quarterly earnings announcements concludes with results expected out of Berkshire Hathaway (NYSE:BRK), Chevron (CVX), Madison Square Garden (MSG), Portland General Electric (POR), Washington Post (WPO), and Royal Bank of Scotland Group (RBS).

Alamos Gold (AGI): Canaccord Genuity gives the Canadian commodity company a Buy-from-Hold hoist. (Note that shares also suffered a downgrade today.)

Alcatel-Lucent (ALU): Société Générale upgrades its fellow French firm to Hold from Sell.

Facebook (FB): The social networking name, both upgraded and downgraded yesterday, is today taken to Buy from Hold at Argus.

General Growth Properties (GGP): The retail Real Estate Investment Trust gets taken to Buy from Neutral at Bank of America-Merrill Lynch.

Greenbrier Companies (GBX): Bank of America-Merrill moves the railroad operator, which yesterday increased 6.25% amid a tide of red ink elsewhere, by an unusual 180 degrees (Buy from Underperform.)

Green Dot (GDOT): The stock, surging some 14.63% before the bell, is increased to Overweight from Neutral at JPMorgan.

ITT Corporation (ITT): ITT is upgraded to Outperform from Neutral at Robert W. Baird, which also takes its target price up by $15 to $52. Catalysts include its earnings expansion and leverage to energy and auto markets.

Navios Maritime Partners (NMM): Global Hunter Securities lifts the limited partnership to Buy from Neutral.

Netflix (NFLX): The top S&P 500 (INDEXSP:.INX) stock of 2013 is today taken to Outperform from Neutral by Robert W. Baird, whose price objective also increases to $420 from $383. Original programming offers promise, the bank believes.

Quintiles Transnational (Q): Shares are raised to Outperform from Neutral by Robert W. Baird.

Red Robin Gourmet Burgers (RRGB): Citing its impressive same store sales, Wunderlich boosts the fast food firm to Buy from Hold, taking its target up by $20 to $90.

Siliconware Precision (SPIL): UBS boosts the stock an unusual 180 degrees, to Buy from Sell.

(See also: Stock Downgrades: Someone Just Put Bebe in a Corner and New Stock Coverage: Vestas Wind Systems Hype More Than Hot Air )



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: BREW , NVO , RCKY , TRMR , WTW

Minyanville

Minyanville

More from Minyanville:

Related Videos

Stocks

Referenced

Most Active by Volume

71,516,687
  • $15.31 ▼ 0.71%
70,751,657
  • $32 ▲ 6.38%
52,690,101
  • $15.98 ▼ 0.19%
42,003,007
  • $8.57 ▲ 4.51%
38,202,273
  • $123.25 ▼ 0.80%
33,193,564
  • $40.97 ▼ 0.58%
31,456,406
  • $105.52 ▲ 0.40%
30,445,885
  • $5.67 ▼ 4.55%
As of 3/27/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com