Stocks Upgrades: S, FMER, MTZ, EAT, CA
Monday, March 07, 2011 12:00 PM

US stocks slipped on Monday, weighed down by rising oil prices and downgrade of the semiconductor industry by analysts. Dow Jones Industrial Average lost 107.02 points, or 0.88 percent to 12,062.86, while Nasdaq slipped 53.48 points, or 1.92 percent to 2,731.19. S&P 500 also lost14.28 points, or 1.08 percent to 1,306.87 in today's trading.

Analysts at Pacific Crest upgraded Sprint (NYSE: S) to outperform from sector perform, based on its network upgrade plan, improving churn, cost savings, and a bottom in EPS. The shares of the company are trading at $4.46, up 2.77 percent.

FirstMerit (Nasdaq: FMER) was upgraded to Buy from Hold at Stifel, based on valuation and long-term growth prospects. The upgrade came after the firm cited 6 percent jump in the company’s shares from $1.02, to $17.69.FMER is trading high by 2.82 percent at $17.14.

The shares of MasTec (NYSE: MTZ) have been upgraded to Outperform from Neutral by analysts at Credit Suisse, based on increased confidence in its near-term growth prospects. The stock is currently trading at $20.06, up by 5.90 percent.

Brinker (NYSE: EAT) has been upgraded by UBS to Buy from Neutral, based on stabilizing same-store-sales and recent sales momentum. EAT is trading higher by 5.58 percent to $25.15.

Oppenheimer upgraded CA Technologies (Nasdaq: CA) to Outperform from Perform with a $29 price target citing valuation, the company's execution, and recent insider buying of shares. The shares of CA are trading at$24.53, 2.40 percent high.





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Market news:

  • Ingersoll-Rand Retains Buy Rating at Deutsche Bank Jun 17, 2011 03:00 PM

    As the management of Ingersoll-Rand Co. (NYSE: IR) continues to see a recovery in the US, guided by the light commercial side of the market, analysts at Deutsche Bank reiterated Buy rating on the shares of the former. They set a price target of $58 for the stock.

  • Tyco Retains Buy Rating at DB Jun 17, 2011 03:00 PM

    Analysts at Deutsche Bank maintained Buy rating on the shares of Tyco International Ltd. (NYSE: TYC) as the latter sees a continued momentum in ADT Pulse adoption rates that has moved from 14.5 percent in first quarter of 2011 to 15.5 percent in second quarter of FY2011. They set a price target of $56 for the stock.

  • Parker-Hannifin Maintains Buy Rating at DB Jun 17, 2011 02:30 PM

    Analysts at Deutsche Bank maintained Buy rating on the shares of Parker Hannifin Corp. (NYSE: PH) as it reiterated its 10 percent per annum revenue growth target, with 5 percent from organic growth. They set a price target $103 for the stock.

  • Research in Motion Plunge, Taking Sector Lower Jun 17, 2011 02:15 PM

    Shares of Research in Motion Limited (Nasdaq: RIMM) fell hard on Friday morning as the BlackBerry maker slashed its forecast, pulling the rest of the sector lower.

  • Sears, BJ’s leads Retail Sector Higher Jun 17, 2011 01:40 PM

    The retail sector rose Friday led the rise in stock prices of Sears Holdings Corp. (Nasdaq: SHLD) and BJ’s Wholesale Club Inc. (NYSE: BJ).

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