Upgrades Roundup: BBY, ACTG, BPO, IVZ, HGIC, SPB, KCG

NEW YORK ( TheStreet) -- These stocks received upgrades to buy from TheStreet Ratings last week: Best Buy ( BBY), Acacia Research ( ACTG), Invesco ( IVZ), Harleysville Group ( HGIC), Spectrum Brands Holdings ( SPB) and Knight Capital Group ( KCG).

Best Buy was upgraded to buy from hold by TheStreet Ratings on Friday following the announcement it plans to close 50 U.S. stores in 2013.

The electronics retailer posted fourth-quarter earnings on Thursday of $2.47 a share, excluding items, on revenue of $16.73 billion; analysts were anticipating earnings of $2.16 a share on revenue of $17.2 billion.

The company said it intends to grow its presence in China and will make cost-cutting moves to the tune of $800 million by fiscal 2015.

TheStreet Ratings gives Best Buy a B- grade and a $30.75 price target. The stock closed Friday at $23.68 and has risen 1.33% year to date.

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Acacia Research was upgraded to buy from hold by TheStreet Ratings on Thursday.

TheStreet Ratings gives Acacia Research a B- grade and a $55.93 price target. The stock closed Friday at $41.74 and has risen 14.32% year to date.


Brookfield Office Properties was upgraded to buy from hold by TheStreet Ratings on Wednesday.

TheStreet Ratings gives Brookfield Office Properties a B- grade and a $19.69 price target. The stock closed Friday at $17.45 and has risen 11.57% year to date.

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Invesco was upgraded to buy from hold by TheStreet Ratings on Wednesday.

TheStreet Ratings gives Invesco a B grade and a $31 price target. The stock closed Friday at $26.67 and has risen 32.75% year to date.


Harleysville Group was upgraded to buy from hold by TheStreet Ratings on Wednesday.

TheStreet Ratings gives Harleysville Group a B grade and $76.23 price target. The stock closed Friday at $57.70 and has risen 2% year to date.

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Spectrum Brands Holdings was upgraded to buy from hold by TheStreet Ratings on Tuesday.

TheStreet Ratings gives Spectrum Brands Holdings a B- grade and $38.38 price target. The stock closed Friday at $34.96 and has risen 27.59% year to date.


Knight Capital Group was upgraded to buy from hold by TheStreet Ratings on Tuesday.

TheStreet Ratings gives Knight Capital Group a B- grade and $15.48 price target. The stock closed Friday at $12.87 and has risen 8.88% year to date.

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-- Written by Alexandra Zendrian

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