NEW YORK (TheStreet) -TheStreet Ratings' stock model upgraded Standard Motor Products (SMP) to 'Buy' from 'Hold'. Net income at this $327 million market cap, auto parts company grew by 183% to a profit of $6.7 million compared to in the prior first quarter.
TheStreet Ratings released rating changes on 12 U.S. common stocks for May 10, 2011. In total, 11 stocks were upgraded and 1 stock was downgraded by our stock model.
In the first quarter, Standard Motor Products reported $220 million in revenue, an increase of 22.8% compared to the year earlier quarter. Learn more about Standard Motor Products: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.
$1.8 billion market cap, pipeline & refinery company, Genesis Energy LP (GEL) was upgraded by our stock model to 'Buy' from 'Hold'. In first quarter results, Genesis Energy LP net profit of $7.0 million, up by 2.1% compared to the year earlier quarter. Over the same time period, revenue gained 47.9% to $690 million. Learn more about Genesis Energy LP: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.-- Reported by Kevin Baker in Jupiter, FL.
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