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An upgrade?by Best Buy (BBY) analyst Daniel Binder sent that?stock, already up 55% this year, 1.90% higher. ?Binders full of women? alas proved less profitable for Mitt Romney.?Staples?(SPLS), the firm he helped to establish, slumped 7.15%.
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Apple?Inc. (AAPL) lost 1.27% on a?ratings reduction. Rival?BlackBerry?(BBRY) fared better, jumping 6.12% after strong sales of its BlackBerry 10 continue to raise eyebrows, including, apparently,?those of its CEO.
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Today in economics, analysts expect a contraction in January consumer credit at 3:00 p.m. Eastern. On the earnings front, Adidas (PINK:ADDYY), Ciena?(CIEN),?Finisar?(FNSR),?H&R Block?(HRB),?John Wiley & Sons (JW-A),?Kroger?(KR),?Nationstar Mortgage (NSM), Navistar (NAV),?Pandora Media?(P),?Quiksilver?(ZQK), Skullcandy?(SKUL),?Smithfield Foods (SFD), Telecom Italia?(TI), and Workday (WDAY) are all due to report results.
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Allergan?(AGN): The Botox maker is now Neutral from Buy at Buckingham.
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American Water Works?(AWK): Citing its steep valuation, Citigroup downgrades the utility to Neutral from Buy with an updated price objective of $42.
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Aviva?(AV): Morgan Stanley pulls the stock from its list of Best Ideas.
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Badger Meter?(BMI): Janney Capital cuts the technical instrument company to Neutral from Buy due to valuation concerns.
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Big Lots?(BIG): Raymond James moves the stock, which surged some 6.14% on Wednesday, to Underperform from Market Perform. (Note that shares also scored an upgrade this morning.)
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CommonWealth REIT?(CWH): A recent dilutive equity offering is among the reasons behind Stifel Nicolauss slashing the stock to Sell from Hold.
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Daimler?(PINK:DDAIF): The luxury automaker whose brands include Mercedes-Benz is now Neutral from Buy at Citi.
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DaVita HealthCare Partners?(DVA): Deutsche Bank downgrades DVA to Hold from Buy with a $130 price target.
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DFC Global?(DLLR): The stock is now Neutral from Buy at Nomura.
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DigitalGlobe?(DGI): DGI gets downgraded to Hold from Buy at Benchmark, which sees this as a transitional year with an overall lack of stock price movers as it digests an acquisition. Its price objective is $27.
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Fresenius Medical Care?(FMS): Troubled by constrained near-term growth amid industry headwinds, RBC Capital cuts the stock to Sector Perform from Outperform with a $36 target.
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Lincoln Educational Services?(LINC): BMO Capital lowers LINC to Underperform from Market Perform with a $4 objective on account of its weak capacity utilization.
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Quicksilver Resources?(KWK): Shares are cut to Hold from Buy at MLV & Co. amid a delay in de-leveraging its balance sheet.
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SandRidge Energy?(SD): Saying that shares are significantly overvalued, BMO Capital moves the stock to Market Perform from Outperform and also trims its target by $2 to $4.
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Sociedad Qu?mica y Minera?(SQM): Miller Tabak moves the Chilean chemical company to Hold from Buy with an objective of $60 as iodine margins have peaked quicker than projected.
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SolarCity?(NASDAQ:SCTY): The stock, imploding some 8.35% ahead of the open, is now Hold from Buy at Needham due to a lack of upside to its deployment target.
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United Natural Foods?(UNFI): Argus lowers its rating to Hold from Buy.
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Vitacost.com?(VITC): Shares are slashed to Sell from Neutral at Roth Capital due to increased competition and a margin squeeze among other issues. The new target price is $6.00, down from $5.50.
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William Morrison Supermarkets?(PINK:MRWSY): The British grocery giant gets downgraded to Underweight from Neutral at HSBC Securities.
(See also: New Stock Coverage: Make Sure You Are on Angie?s List and Stock Upgrades: Fine Time to Buy Time Warner.)
No positions in stocks mentioned.
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