After zigzagging for seven straight weeks, the
(^DJI) finally managed to post its first successive weekly
increases since mid-March. (Although a fat lot of good that did
), which tumbled 27.77% on Friday in posting the
(^IXIC) single poorest performance.)
On May Day, when "workers of the world unite!" Karl Marx was no
match for Woodstock for Capitalists as an analyst
(NYSE:BRK.A) with a Buy rating and $184,000.00 price
Recently deceased country music icon George Jones received a
touching swansong at the Grand Ole Opry
, where black swans are alive and well, apparently. This as
) surged 7.2%, despite having once been
embroiled in an accounting scandal
that many thought would damage it irreparably. In Nashville, I
guess it's okay to fiddle around with the books.
No top-tier data economic due today, but earnings announcements are
expected out of
(ADT): Shares are upgraded to Equal-Weight from Underweight at
CBL & Associates Properties
(CBL): Goldman Sachs gives the real estate stock a Buy-from-Neutral
(CEO): China's oil giant is now Buy from Neutral at UBS.
Cliffs Natural Resources
(CLF): Welcome relief today for the troubled iron ore outfit, whose
shares have tumbled 65.83% in the past year. It gets upgraded to
Outperform from Market Perform at FBR Capital, whose target price
is $28. A series of meetings with management has convinced the
broker that CLF can both boost reserves in Australia and benefit
from higher domestic prices in China. The stock is up before the
bell as a result.
(DG): Bank of America-Merrill Lynch lifts the discount retailer to
Buy from Neutral.
(HON): Shares are added to the Top Picks Live list at Citigroup.
(HUM): The managed care company gets moved to Overweight from
Neutral at JPMorgan.
): Shares have slid 14.12% over the past year but there is better
news for the chip stock this morning. Highlighting both increased
optimism over its ultra-mobile prospects and solidifying gross
margins, RBC Capital raises the key
(^DJI) component to Outperform from Sector Perform. The price
objective also increases, to $29 from $24. The company, which has
also just announced its acquisition of a Finish company for $389
million, is according seeing shares gain ahead of the open.
(INTU): The TurboTax owner is increased to Overweight from Equal
Weight at First Analysis, with the current valuation providing a
more compelling entry point for investors.
): The British money manager, whose shares surged last week, is
boosted to Buy from Neutral at UBS.
(MERC): RBC Capital raises the paper and forest products powerhouse
to Outperform from Sector Perform.
(IQNT): Morgan Stanley moves the wireless communications company to
Equal-Weight from Underweight.
(PROV): Raymond James raises its recommendation to Outperform from
: Robert W. Baird raises both
), increasing their respective price objectives to $29 and $20.
Catalysts include an improvement in supply chain inventories.
(THOR): Credit Suisse takes THOR to Neutral from Underperform.
(RIG): The oil services outfit gets taken to Strong Buy from Buy at
United Natural Foods
(UNFI): UBS increases its investment opinion to Buy from Neutral.
(YRCW): Shares are hoisted to Hold from Underweight at BB&T
New Stock Coverage: Hanesbrands Stock Run Has
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