The market is trying to get off to a good start this week on the back of numerous Wall Street upgrades that you will see in the list below.
Story Stocks
Brocade(BRCD Quote) -- Stock is strong on news that it may have put itself up for sale.Upgrades to Watch
AllianceBernstein(AB Quote) -- Keefe, Bruyette & Woods raises estimates. $27 price target. Accenture(ACN Quote) -- Argus Research raises stock to a buy. $50 price target. Aegon(AEG Quote) -- HSBC raises stock to an overweight. Affiliated Managers Group(AMG Quote) -- Keefe, Bruyette & Woods raises estimates. $74 price target. Franklin Resources(BEN Quote) -- Keefe, Bruyette & Woods raises estimates. $114 price target. Blackrock(BLK Quote) -- Keefe, Bruyette & Woods raises estimates. $200 price target. Caterpillar(CAT Quote) -- Morgan Stanley raises estimates. $44 price target. Calamos Asset Management (CLMS Quote) -- Keefe, Bruyette & Woods raises estimates. $14 price target. Comerica(CMA Quote) -- Goldman Sachs raises stock to a neutral. Capital One Financial(COF Quote) -- Goldman Sachs adds stock to its "conviction buy" list. ConocoPhillips(COP Quote) -- Deutsche Bank raises stock to a buy. $55 price target. Cisco Systems (CSCO Quote) -- Piper Jaffray reiterates overweight rating. Raises price target to $27. Citrix Systems (CTXS Quote) -- Barclays Capital raises estimates. $45 price target. Convergys(CVG Quote) -- Citigroup raises stock to a buy. $12 price target. DuPont Fabros Technology(DFT Quote) -- Wells Fargo raises stock to an outperform. $14-$16 price range. eBay(EBAY Quote) -- Credit Suisse raises price target to $21. Emulex(ELX Quote) -- Morgan Stanley raises est. $12 price target. Endo Pharmaceuticals (EDNP Quote) -- Oppenheimer raises stock to an outperform. $27 price target. Eaton Vance (EV Quote) Keefe, Bruyette & Woods raises estimates. $31 price target. Excelon(EXC Quote) Morgan Stanley raises estimates. $52 price target. General Dynamics (GD Quote) -- Morgan Stanley raises stock to an overweight. $80 price target. Gilead Sciences(GILD Quote) -- Citigroup raises estimates. $57 price target. Hewlett-Packard (HPQ Quote) -- Thomas Weisel raises price target to $56. Heidrick & Struggles(HSII Quote) -- SunTrust Robinson Humphrey raises stock to a buy. $28 price target. Hughes Communications (HUGH Quote) -- Barclays Capital raises price target to $35. Invesco(IVZ Quote) -- Keefe, Bruyette & Woods raises estimates. $25 price target. Janus Capital (JNS Quote) -- Keefe, Bruyette & Woods raises estimates. $15.50 price target. Legg Mason(LM Quote) -- Keefe, Bruyette & Woods raises estimates. $34 price target. Microsemi(MSCC Quote) -- FBR Capital Markets adds stock to its "top picks" list. $22 price target. ArcelorMittal(MT Quote) -- HSBC initiates stock with an overweight rating. $46 price target. NetApp(NTAP Quote) -- RBC Capital raises stock to an outperform rating. $33 price target. OSI Pharmaceuticals (OSIP Quote) -- Barclays Capital raises price target to $36. PetSmart(PETM Quote) -- Janney Montgomery Scott raises stock to a buy. PSS World Medical(PSSI Quote): Credit Suisse raises estimates. $24 price target. Quest Software(QSFT Quote): Auriga raises stock to a buy. Research In Motion(RIMM Quote): Needham raises stock to a buy. $85 price target. Shanda Interactive(SNDA Quote): Roth Capital raises stock to a buy. $60 price target. Sybase(SY Quote): Merrill Lynch/Bank of America initiates stock with a buy. $45 price target. Syngenta(SYT Quote): Credit Suisse raises stock to an overweight. T. Rowe Price(TROW Quote): Keefe, Bruyette & Woods raises estimates. $54 price target. Waddell & Reed(WDR Quote): Keefe, Bruyette & Woods raises estimates. $31 price target. Wells Fargo(WFC Quote): Goldman Sachs raises stock to a buy. $35 price target.Downgrades to Watch
AMAG Pharmaceuticals(AMAG Quote): Jefferies cuts stock to a hold. Advanced Micro Devices(AMD Quote): FBR Capital Markets cuts stock to a market perform. $6 price target. Duke Energy(DUK Quote): Morgan Stanley cuts estimates. $16.25 price target. RTI International Metals(RTI Quote): Merrill Lynch/Bank of America cuts estimates. $24 price target. Valero Energy(VLO Quote): Deutsche Bank cuts stock to a sell.Other Key Indexes to Watch
Gold(GLD Quote): Gold prices are up slightly so far. Oil(USO Quote): Oil prices are trading lower in the early going. Treasuries(TLT Quote): Bond prices are up this morning.What's the Trade?
I am keying on the financials this morning as Wall Street looks to put a floor under the market here. I will be back with some ideas in the next post.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
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