NEW YORK ( TheStreet) -TheStreet Ratings' stock model upgraded Fred's (FRED) to 'Buy' from 'Hold'. Net income at this $432 million market cap, retailing pharmacy rose by 17% to $5 million in the second quarter of 2010 when compared to the year earlier quarter.
TheStreet Ratings released rating changes on 16 additional U.S. common stocks for August 31, 2010. In total, 11 stocks were downgraded and six stocks have been upgraded by our stock model.
Revenue at Fred's grew just 3.5% to $449 million in the second quarter, from the same quarter one year earlier. Learn more about Fred's: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings
Heading the other direction, being downgraded to 'Hold' from 'Buy', is SIFCO Industries (SIF). The stock of this $53 million market capitalization, aerospace metalworking manufacturer, has lost 41% of its value since the end of March and is trading near the 52-week low of $10 a share. At SIFCO Industries, fiscal third quarter revenue declined 17% over the year earlier quarter which net income dropped 59% over the same period. Learn more about SIFCO: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings-- Reported by Kevin Baker in Jupiter, Fla.
For additional Investment Research check out our Ratings Research Center.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV