Stock Upgrades: Happy Headlines for News Corp
Today in economics, analysts expect an increase in October's Chicago Purchasing Managers Index at 9:45 a.m. Eastern. It's another frenetic session for third quarter earnings announcements, with results expected out of Anheuser-Busch (BUD), Barclays (BCS), Deutsche Lufthansa (DLAKY), GlaxoSmithKline (GSK), MGM Resorts (MGM), MasterCard (MA), Panasonic (PC), and Time Warner Cable (TWC).
Artio Global Investors (ART): The small cap gets a Buy-from-Neutral boost at Citigroup.
Canadian Pacific (CP) FBR Capital raises the railroad to Market Perform from Underperform.
Copart (CPRT): Shares are now Outperform from Neutral at Robert W. Baird, whose price target is $33. As the leading auctioneer of salvage vehicles, CPRT stands to benefit from a surge in totaled vehicles in the wake of Hurricane Sandy.
Ctrip.com (CTRP): Goldman Sachs gives the Chinese travel stock a Buy-from-Neutral boost.
DineEquity (DIN): The owner of Applebee's and International House of Pancakes is upgraded to Strong Buy from Outperform at Raymond James.
Dominion Resources (D): Citing an increasingly attractive valuation, Argus increases the stock to Buy from Hold. Its price objective is $57.
Ericsson (ERIC): The Swedish telecom titan is taken to Outperform from Neutral at Cowen.
Ford Motor (F): Shares are boosted to Buy from Hold at Craig Hallum.
Forest Oil (FST): RBC Capital raises its recommendation to Outperform from Market Perform.
Nanometrics (NANO): NANO is now Overweight from Neutral at JPMorgan, which also takes its target up by $1.50 to $16.00.
News Corp (NASDAQ:NWSA) The media empire is upgraded to Outperform from Neutral at Macquarie.
Red Robin Gourmet Burgers (RRGB): Miller Tabak moves the stock to Buy from Hold.
Ruth's Hospitality Group (RUTH): Raymond James raises its rating to Outperform from Market Perform with a $7.50 target price. Catalysts include a solid quarterly report and good comparative sales growth.
Stewart Information Services (STC): STC gets an Outperform-from-Perform lift at FBR Capital Markets.
Team Health Holdings (TMH): Piper Jaffray takes TMH to Overweight from Neutral.