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Closing Bell: The Bulls Make a Comeback (URBN, MCD, NFLX, BSFT, BAC, AMR)

Ongoing turmoil in Libya and elsewhere did not damage US-trading today. OPEC did not yet agree to higher production but noted that it could boost production if necessary. Even PIMCO's Bill Gross comment that the economy and deficits where no longer self-sustaining failed to knock the market.

Here were today's unofficial closing bell levels:

Dow Jones 12,214.38 +124.35 (1.03%)
S&P 500 1,321.82 +11.69 (0.89%)
Nasdaq 2,765.77 +20.14 (0.73%)

Continue reading Closing Bell: The Bulls Make a Comeback (URBN, MCD, NFLX, BSFT, BAC, AMR)

Analyst Calls: BX, CBOE, DO, EL, INTU, ITT, PTEN, RNST, T, TEVA ...

Analyst Upgrades

  • Berstein upgraded Diamond Offshore (DO) to market perform from underperform based on valuation. The firm has a $69 price target on the stock.
  • Jefferies upgraded Patterson-UTI Energy (PTEN) to buy from hold, citing leverage to higher land rig pricing. The firm raised its price target to $21 from $17.
  • Wunderlich upgraded Renasant (RNST) to buy from hold following the company's acquisition of Crescent Bank. The firm raised its target for shares to $20 from $15.
  • AT&T (T) was upgraded to buy from hold at Deutsche Bank.
  • Blackstone (BX) was upgraded to buy from neutral at BofA/Merrill.
  • Scripps Networks (SNI) was upgraded to overweight from equal weight at Morgan Stanley.

Continue reading Analyst Calls: BX, CBOE, DO, EL, INTU, ITT, PTEN, RNST, T, TEVA ...

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 25, 2012: 11:40 PM

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