NEW YORK (
) -- Retailers are gaining on Monday, along with the rest of the markets, after two bellwether stocks --
-- were upgraded by analysts.
S&P Retail Index
is climbing 1.6% to 413.68, led up by big movers like
Dick's Sporting Goods
Dick's is rising 6.1% to $25.12 after it was upgraded by Wedbush to outperform from neutral. Analyst Camilo Lyon said the sporting-goods retailer will most likely surpass its conservative fourth-quarter outlook as traffic improves.
Wedbush also upped its price target on the stock to $29 from $24.
Zale is topping the New York Stock Exchange's list of biggest advancers as its stock soars 19.7% to $2.49 in morning trading. Last week, the jeweler took a hit after reporting
disappointing November same-store sales
CVS is growing 4.3% to $32.52, after announcing the
. The drugstore also said it is raising its stake in Generation Health, the genetic benefit management company Lofberg co-founded.
Other notable gainers include
, which is increasing 3.3% to $78.80,
, which is jumping 5.9% to $10.35 and
, which is advancing 3.2% to $132.64.
-- Reported by Jeanine Poggi in New York.
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