Morning Playbook: Dividend.com

The market is off to a slightly positive start. There is little in the way of story stocks today, as earnings season has slowed down quite a bit. The big moves will likely be triggered initially from the analyst calls I have posted below. Let's take a look at some of them.

Story Stocks

Procter & Gamble(PG Quote): Selling pharma division to Warner Chilcott.

Upgrades to Watch

Arch Coal(ACI Quote): JPMorgan raises stock to an overweight.

Dick's Sporting Goods(DKS Quote): Morgan Stanley raises estimates.

Owens-Illinois(OI Quote): Barclays Capital raises estimates. $21 price target.

Black & Decker(BDK Quote): Credit Suisse raises price target to $45.

Parexel(PRXL Quote): Barclays Capital raises stock to an overweight. $17 price target.

Microsemi(MSCC Quote): Thomas Weisel raises stock to an overweight.

Brocade Communications(BRCD Quote): Argus Research raises stock to a buy.

Capital One Financial(COF Quote): Barclays Capital raises stock to an overweight. $50 price target.

Royal Caribbean(RCL Quote): Argus Research raises stock to a buy.

Zimmer Holdings(ZMH Quote): Thomas Weisel raises stock to an overweight. $57 price target.

Cummins Inc.(CMI Quote): Barclays Capital raises estimates. $52 price target.

Cheesecake Factory(CAKE Quote): Piper Jaffray raises stock to a neutral. $18 price target.

Ashland(ASH Quote): KeyBanc raises stock to a buy.

Discover Financial Services(DFS Quote): Barclays Capital raises stock to an overweight. $16 price target.

Limited Brands(LTD Quote): Morgan Stanley raises estimates.

Hibbett Sports, Inc.(HIBB Quote): JPMorgan raises stock to an overweight.

American Express(AXP Quote): Barclays Capital raises stock to an overweight. $38 price target.

Downgrades to Watch

Kansas City Southern(KSU Quote): UBS cuts stock to a hold. $25 price target.

Nike(NKE Quote): UBS cuts estimates. $54 price target.

Cree(CREE Quote): Kaufman Bros. cuts stock to a hold. $36 price target.