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Stock Upgrades: Time to Drink the Kool-Aid on Kraft
Last week's torrid pace of economic announcements cools off considerably, with no top-tier data due this morning. In terms of other events that may move US markets and impact specific stocks, PVH Corp ( PVH ) and Vail Resorts ( MTN ) each release results on Monday.
American Eagle Outfitters (AEO): Stock in clothing company American Eagle Outfitters is upgraded to Buy from Neutral at B. Riley & Co.
Aviva (AV): The insurer is trading higher today after being added to the Europe 1 list of favored equities at Bank of America-Merrill Lynch.
Cabot Oil & Gas (COG): Shares get upgraded to Buy from Hold at Deutsche Bank.
FreightCar America (RAIL): Longbow lifts the stock to Buy from Neutral.
Gildan Activewear (GILD): GILD gets upgraded to Buy from Neutral at DA Davidson, whose price target increases to $60 from $52.
HollyFrontier (HFC): HFC is hoisted to Overweight from Underweight at JP Morgan.
Kraft Foods (KRFT): Stock in Kraft Foods, whose brands include Kool-Aid and Miracle Whip, is moved to Overweight from Equal Weight at Morgan Stanley. Productivity and restructuring are each cited as favorable factors.
Marathon Petroleum (MPC): Stock in Marathon Petroleum is now Neutral from Underweight at JP Morgan.
Mohawk Industries (MHK): The stock is upgraded to Outperform from Neutral at Credit Suisse.
Phillips 66 (PSX): Shares are boosted to Buy from Hold at Deutsche Bank.
Portland General Electric (POR): Barclays raises its rating to Overweight from Equal Weight.
Valero Energy (VLO): The stock is lifted to Buy from Hold at Deutsche Bank.
(See also: Stock Downgrades: Dean Foods Is on Santa's Naughty List and New Stock Coverage: American Airlines Moves From Hamm Actor to Hollywood Ending )