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Stock Upgrades: Ryanair Starts the Party Way Before Arriving in Ibiza

By: Minyanville
Posted: 9/20/2013 9:22:00 AM
Referenced Stocks: DIS;FOSL;LAMR;ORCL;PCLN

Squeezed in between the excitement of Fed Wednesday and quadruple witching Friday, Thursday was an instantly-forgettable piggy (or tapir) in the middle for the markets. The S&P 500 Index (INDEXSP:.INX) snapped a four-session advance, even as Priceline ( PCLN ) became its first component in history to finish with a four-figure price tag. The largest online travel site will now set you back $1,000.62 per share, this despite its principal product being so easy even an ape can do it . Billboard maker Lamar Advertising ( LAMR ) advanced 5.15% and Oracle ( ORCL ), whose philandering executive once found himself plastered all over a Times Square billboard , shrugged off an iffy analyst initiation and cautious earnings outlook to end up. Elsewhere, downgraded Dow (INDEXDJX:.DJI) member Disney ( DIS ) dropped 2.07% after delaying Pixar's film The Good Dinosaur for 18 months. Fossil ( FOSL ), however, encountered no such problems and jumped 1.90%.

No top-tier economic data due today - a singularly awful one in stock market history - but Olive Garden owner Darden Restaurants (DRI) releases results. As mentioned, it's also a " quadruple witching " Friday, and they rarely lack action. (This phenomenon is not to be mistaken for the quartet of Fed officials addressing audiences this afternoon, in the form of Esther George (12:30 p.m. Eastern), Daniel Tarullo (12:40 p.m.), James Bullard (12:55 p.m.), and Narayana Kocherlakota (1:45 p.m.)

Ameren (AEE): Shares are boosted to Overweight from Equal Weight by Barclays.

Bank of Hawaii (BOH): Barclays hoists the stock to Overweight from Equal Weight.

Diamondrock Hospitality (DRH): The stock is now Buy from Hold at MLV & Co, whose price objective also increases to $13 from $11.

Facebook (FB): Another day, another broker boost for the social networking name, today taken to Outperform from Perform at Cowen on higher mobile revenues. The price objective, previously $29, increases to $53.

MetLife (MET): MET is added to the Conviction Buy List at Goldman Sachs.

Pier 1 Imports (PIR): After yesterday's plunge, PIR is upgraded to Outperform from Neutral at Credit Suisse.

J Sainsbury (OTCMKTS:JSAIY): The British grocery giant is bucking a broadly lower London tape today after being taken to Neutral from Sell by Citigroup. Its Q2 earnings release is seen as showing margin strength by the bank.

Ryanair Holdings (RYAAY): The low-cost carrier, which this week had to kick a bunch of boozy Brits off a flight bound for the party island of Ibiza , is now Neutral from Underweight at HSBC Securities.

Urban Outfitters (URBN): Shares are upgraded to Buy from Hold at Canaccord Genuity, which says a recent sell off is overdone. The target is $48.

Volvo (OTCMKTS:VOLVY): Société Générale gives the Swedish car company a Buy-from-Hold boost.

(See also: Stock Downgrades: Clorox Taken to the Cleaners and New Stock Coverage: London Whale Still a Killer for JPMorgan .)