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Stock Upgrades: Diamond Foods Looks Like a Gem
Today's economic data includes August pending home sales at 10:00 a.m. Eastern, with analysts calling for a fall. In earnings action, consulting company Accenture ( ACN ), fashion firm Hennes & Mauritz (OTCMKTS:HNNMY), spice stock McCormick ( MKC ), and Dow (INDEXDJX:.DJI) newbie Nike ( NKE ) are all due to release results.
AÃ©ropostale (ARO): BlueFin boosts the clothing company to Outperform from Neutral.
AmBev (ABV): The Brazilian beverage behemoth, officially called Companhia de Bebidas das Americas, is increased to Outperform from Neutral at Credit Suisse.
Applied Materials (AMAT): The tech name is taken to Buy from Hold by Berenberg.
Cubist Pharmaceuticals (CBST): Leerink Swann lifts the firm to Outperform from Market Perform. Its target is increased substantially, by $19 to $76.
Diamond Foods (DMND): The snack stock whose offerings include Pop Secret and Kettle Brand gets upgraded to Buy from Hold at BB&T Capital.
Occidental Petroleum (OXY): Shares in the energy company get upgraded to Outperform from Market Perform with Wells Fargo.
Portland General Electric (POR): Wells Fargo juices the electric utility to Outperform from Market Perform.
Watsco (WSO): Robert W. Baird boosts the wholesale electronics outfit to Outperform from Neutral.
W.W. Grainger (GWW): The industrial stock is now Neutral from Sell at Citigroup.
Xylem (XYL): The diversified machinery name is moved to Overweight from Equal Weight by Barclays, which also increases its price objective to $33 from $26.
(See also: Stock Downgrades: Diamondback Energy Is Strictly Rhinestone and New Stock Coverage: Diamond Seller Blue Nile Set to Sparkle .)