Stocks to Watch: Juniper, Suntech, Coach and More...
Stocks were higher at the open Tuesday, boosted by better-than-expected manufacturing data in Germany and China, but weak financials limited gains.
The Dow Jones Industrial Average rose at the open, but the blue-chip index is still on track for its biggest monthly point loss since Oct. 2008.
Here are six stocks that are on the move:
Juniper Networks
The telecom equipment company was upgraded to outperform from market perform at Morgan Keegan based on the strength of its balance sheet.
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Suntech Power Holdings
The renewable energy equipment developer was downgraded to sell from neutral at Collins Stewart who said the company has high expense levels.
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US Airways
The airline was upgraded to buy from neutral at Bank of America Merrill Lynch on improved bookings in the past two months.
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Sanderson Farms
The poultry processing company was upgraded to neutral from underweight at JP Morgan based on valuation.
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Hormel Foods
The food producer was downgraded to market perform from outperform at BMO Capital citing relative valuation and pork packer margins.
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Coach
The handbag and accessories company was upgraded to buy from hold at Jefferies on a valuation call.
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