NEW YORK ( TheStreet) -TheStreet Ratings' stock model upgraded Devon Energy Corp ( DVN) to 'Buy' from 'Hold'. Net income at this $34.7 billion market cap, natural gas producer jumped 319% to a profit of $2.1 billion in the third quarter compared to the same quarter last year.
TheStreet Ratings released rating changes on 10 U.S. common stocks for December 29, 2010. In total, 6 stocks were upgraded and 4 stocks were downgraded by our stock model. In the third quarter, Devon Energy reported $2.4 billion in revenue, an increase of 27.3% over the year earlier quarter. Learn more about Devon Energy: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings. $113 million market cap, electrical wiring company, Coleman Cable Inc ( CCIX) was upgraded to 'Hold' from 'Sell'. In third quarter results, Coleman Cable reported a 296% increase in net income to $3.1 million and a 40.2% increase in revenue to $187.6 million when compared to the same quarter last year. Learn more about Coleman Cable: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings. -- Reported by Kevin Baker in Jupiter, FL. For additional Investment Research check out our Ratings Research Center.
Shares of Coleman Cable (Nasdaq:CCIX) were gapping down Tuesday morning with an open price 11.6% lower than Monday's closing price. The stock closed at $12.98 yesterday and opened today's trading at $11.47.