Stock Upgrades: This Halloween, Sink Your Teeth Into Chuy's


Wall Street, where lately every day has been Christmas, didn't react at all well to being told its Wolf - originally poised to appear in mid-November - won't now arrive until December 25 . The Dow (INDEXDJX:.DJI) thus retreated from recent records as a man with a white beard (Ben Bernanke, not Kris Kringle) made shareholders skittish. It was indeed a day to forget for the Fed head - his as his newspaper of choice , Financial Times publisher Pearson ( PSO ) plunged an especially precipitous 4.06%. Amid much red ink elsewhere, Atlas Financial ( AFH ) advanced 3.41% to a historic high, and on Charles Atlas' birthday . (As for Ayn Rand, she simply shrugged .) Also bucking a bad day was one discount retailer, which rose 2.16%. Send some stock options to that Target ( TGT ) lady who just called it quits in her 96th year . And an unloved owner IAC/InterActiveCorp ( IACI ) imploded 8.48%, even as icy Norway, never hitherto thought of as a hotbed of romance, is encouraging its own Date Night to counter a troubling trend toward divorce .

It's another full day for third quarter earnings announcements, with American International Group ( AIG ), BNP Paribas (OTCMKTS:BNPQY), Clorox (CLX), Discovery Communications (DISCA), Exxon Mobil (XOM), First Solar (FSLR), MasterCard (MA), Sony (SNE), and Time Warner Cable (TWC), all expected to release results.

Chuy's Holdings (CHUY): Even Dracula can count - the Tex Mex restaurant operator did the Transylvania tumble yesterday, falling 3.43%. Fangs for the memories? This morning, all that is forgotten, as Raymond James raises its recommendation to Market Perform from Underperform after earnings.

Facebook (FB): Talk about two faced - shares were also downgraded this morning. First, the good news. It is upgraded to Buy from Hold at Pivotal Research. The price objective, previously $48, increases to $57.

Expedia (EXPE): Bank of America-Merrill Lynch lifts the online travel outfit to Buy from Neutral.

Hess Corp. (HES): Shares are now Outperform from Neutral at Credit Suisse.

ICON (ICLR): ICLR is increased to Strong Buy from Buy at ISI Group, whose target is $49.

Itron (ITRI): Brean Capital boosts its rating to Hold from Sell.

Microchip (MCHP): MCHP is moved to Buy from Neutral at Mizuho, whose objective increases to $47 after the company's successful acquisition integration.

SM Energy (SM): Robert W. Baird raises its rating to Outperform from Perform with a new $110 target amid high hopes for its Permian Basin assets.

Thoratec (THOR): Shares get upgraded to Buy from Hold at Canaccord Genuity.

Volkswagen (OTCMKTS:VLKAY): Citigroup takes the giant German car company to Buy from Neutral.

(See also: Stock Downgrades: Halloween Mask? It's Facebook That Frightens People and New Stock Coverage: Casella Waste Turns Trash Into Cash )

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: AFH , AIG , IACI , PSO , TGT



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