NEW YORK ( TheStreet) -TheStreet Ratings' stock model upgraded Dolan Co ( DM) to 'Buy' from 'Hold'. Net income at this $435 million market cap, default mortgage processor grew 54% to a profit of $9 million in the third quarter compared to the same quarter last year.

TheStreet Ratings released rating changes on 11 U.S. common stocks for January 6, 2011. In total, eight stocks were upgraded and three stocks were downgraded by our stock model.

In the third quarter, Dolan reported $78.5 million in revenue, an increase of 25.8% over the year earlier quarter. Learn more about Dolan: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

$1.9 billion market cap, steel recycler, Schnitzer Steel Industries ( SCHN) was upgraded to 'Buy' from 'Hold'. In fiscal first quarter results, Schnitzer Steel Industries reported a profit of $17.8 million in net income compared to a loss of $8.6 million in the same quarter last year on a 71.2% increase in revenue to $675 million. Learn more about Schnitzer Steel Industries: 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.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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