Stock Upgrades: Chipotle Mexican Grill Shares Set to Head North
Primo Water (PRMW) skyrocketed 54.05%; send some stock options pronto to those brave souls currently "unwatering" the New York subway system. National Bank of Greece (NBG) gained 6.09%, providing a deserved reward for Europe's most overworked darlings as Athens embarks on its umpteenth general strike today. Elsewhere Dublin-based Ryanair (RYAAY) - which enabled the Irish to similarly play hooky this summer, much to Angela Merkel's disgust - rose 3.38% after reporting impressive Q2 results.
No top-tier economic data due today, but earnings announcements are expected out of AOL Inc. (AOL), BMW Group (BAMXY), CVS Caremark (CVS), InterContinental Hotels (IHG), News Corp (NWSA), NYSE Euronext (NYX), and Office Depot (ODP).
Apartment Investment & Management (AIV): AIV is upgraded to Market Perform from Underperform with Wells Fargo following the company's results.
China Mobile (NYSE:CHL): Shares are upgraded to Overweight from Equal Weight by Barclays.
Chipotle Mexican Grill (NYSE:CMG): The company is upgraded to Buy from Hold at Bank of America-Merrill Lynch, sending it up in today's pre-market trading.
Foxconn International (FXCNY): Jefferies juices its recommendation to Buy from Hold.
Home Properties (HME): HME gets hoisted to Buy from Neutral at Compass Point.
Lam Research (LRCX): Shares are lifted to Positive from Neutral at Susquehanna.
Republic Airways (RJET): Bank of America-Merrill moves the stock to Neutral from Sell.
Ryder System (R): R is added to the Top Pick List at FBR Capital as Hurricane Sandy is yielding commercial rental tailwinds. The target price is $60.
Sigma-Aldrich (SIAL): Shares are boosted to Buy from Hold at KeyBanc amid organic growth opportunities from new capacity. Its price objective is $88.
Swiss Banks: Credit Suisse (NYSE:CS) is upgraded to Equal Weight from Underweight at Barclays, which lifts UBS AG (NYSE:UBS) to Overweight from Underweight.
Tesco Corp. (TESO): TESO gets taken to Outperform from Market Perform at FBR Capital.
Tree.com (TREE): Shares are upgraded to Overweight from Equal Weight at Stephens.
US Cellular (USM): The name is now Neutral from Underweight at JPMorgan due to valuation.