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Lions Gate Entertainment?(LGF) is now up 73% in 2012 alone after it brought in $155 million at the box office for?Hunger Games. Indeed the week was dominated by food and drink,?Krispy Kreme?(KKD) tumbling 12.33% in posting a performance almost as nauseating as those?suddenly popular grilled cheese doughnuts. Meanwhile Starbucks (SBUX) surged to a record high although?we sadly lost one half of Mr. Coffee.?Apple Inc (AAPL) advanced 1.8% after announcing a dividend, helping keep the?Nasdaq?(^IXIC) in positive territory. Its shares closed above $600 for the first time ever, before?falling 9% in 36 seconds?on Friday due to an inauspicious IPO from the singularly misnamed Better Alternative Trading System. And the?1940 census was finally released. Back then hunger wasn?t a game and?you got a wooden nickel for an apple, if you were lucky. Today in economics, analysts expect an increase in pending home sales for February at 10:00 am Eastern. On the earnings front, Apollo Group (APOL), Cal-Maine Foods (CALM), Landec Corp (LNDC), Presidential Life (PLFE), and Saratoga Resources (SARA) are all due to release results.
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Initiations:
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HomeStreet?(HMST): The money center bank is begun with an Outperform at FBR Capital, which establishes a price objective of $45. Catalysts include an impressive valuation relative to peers and significant progress during the past three years disposing problem assets.
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KapStone Paper and Packaging?(KS): Shares are initiated with an Outperform at BMO Capital, which sets it a $25.50 target price.
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Mitek Systems?(MITK): The company is a new Buy at Needham, which sees the proliferation of smartphones driving increased demand for mobile financial services, especially among younger consumers.
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WABCO Holdings?(WBC): Goldman Sachs gives a Neutral rating to WBC.
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Upgrades:
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Ancestry.com?(ACOM): Shares are upgraded to Buy from Neutral at Bank of America-Merrill Lynch.
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Alliant Energy?(LNT): LNT is lifted to Overweight from Equal Weight by Barclays.
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BJ Restaurants?(BJRI): The company gets increased to Outperform from Neutral with Wedbush.
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Cabela?s?(CAB): JP Morgan moves the seller of shooting and hunting gear to Neutral from Underweight.
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Celanese?(CE): The chemical company is now Outperform from Neutral at Macquarie.
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Cypress Sharpridge Investments?(CYS): CYS gets boosted to Buy from Neutral at Nomura.
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Electric Utilities:?DTE Energy?(DTE) is moved to Outperform from Neutral at Macquarie, which takes?TECO Energy?(TE) to Neutral from Underperform.
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Polycom?(PLCM): UBS raises its recommendation to Buy from Neutral.
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PolyOne?(POL): POL is upgraded to Outperform from Market Perform with Wells Fargo.
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SAIC Inc?(SAIC): Jefferies upgrades the stock to Buy from Hold amid optimism over a new management team. The target is $16.
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Tesla Motors?(TSLA): TSLA is taken to Buy from Hold with a new higher objective of $49 with Wunderlich after hosting an investor tour.
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Utilities:?Wisconsin Energy?(WEC) is upgraded to Overweight from Equal Weight by Barclays, which lifts?Westar Energy?(WR) to Overweight from Equal Weight.
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Downgrades:
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Baker Hughes?(BHI): Wells Fargo cuts the oil services outfit, which imploded 11% last week, to Market Perform from Outperform as a shift away from gas rigs will hurt earnings.
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Lexmark?(LXK): LXK is lowered to Market Perform from Outperform by Sanford Bernstein.
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Micron?(MU): MU gets moved to Perform from Outperform at Oppenheimer, which prefers to stay on the sidelines until profitability becomes apparent.
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Pearson Plc?(PSO): The?Financial Times?publisher is now Neutral from Outperform at Macquarie.
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Safeway?(SWY): The grocery giant gets downgraded to Neutral from Outperform at Credit Suisse.
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SVB Financial Group?(SIVB): Shares are slashed to Neutral from Buy at Sterne Agee.
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ViaSat?(VSAT): Macquarie cuts the communications company to Underperform from Neutral.
No positions in stocks mentioned.
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