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H.J. Heinz?(HNZ), famous for its ?57 Varieties? (or?one for each state of the union, according to President Obama) was the subject of a $28 billion buyout bid involving Warren Buffett. Omaha's oracle famously said of the aviation industry in 2007 that ?if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.? American Airlines and?US Airways?(LCC) clearly never got the memo, as they unveiled an $11 billion merger of their own. Eve once tempted Adam with an?Apple Inc.?(AAPL), but that approach was found wanting on this February 14, for the stock slumped another 3.7% and has now tumbled 15% in 2013 alone.
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No top-tier economic data due today, but earnings announcements are expected out of?Allscripts Healthcare (MDRX), Analog Devices (ADI), CF Industries (CF),?Dell Inc. (DELL), Deutsche B?rse?(PINK:DBOEY),?Express Scripts ESRX),?Fidelity National Financial (FNF), Herbalife?(HLF),?Marriott International?(MAR), Medtronic (MDT), Newfield Exploration?(NFX),?Northeast Utilities?(NU),?Sealed Air (SEE),?Terex (TEX), and?Westlake Chemical?(WLK).
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3M Company?(MMM): The?Dow?(^DJI) member is added to Bank of America-Merrill Lynch?s US 1 List of favored equities.
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ArcelorMittal?(MT): The steel stock is raised to Outperform from Sector Perform at RBC Capital.
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Best Buy?(NYSE:BBY) Barclays raises its rating to Overweight from Equal Weight, sending the stock up smartly in today?s pre-market trading. ?We are confident that management will work to defend share,? analyst Alan Rifkin wrote in a note.
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Charles River Laboratories?(CRL): The biotech gets a Buy-from-Hold hoist at Jefferies.
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Cliffs Natural Resources?(CLF): JPMorgan moves the stock, an horrific performer last week, to Overweight from Neutral.
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Comstock?(CRK): BMO Capital upgrades the equity to Outperform from Market Perform.
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Cypress Semiconductor?(CY): CY is now Buy from Hold at Needham, whose price objective is $13.
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Deutsche Lufthansa?(PINK:DLAKY): The airline is lifted to Buy from Hold at Deutsche Bank.
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Forum Energy Technologies?(FET): Shares are taken to Outperform from Market Perform at FBR Capital, which also increases its price objective to $35 from $30. The firm stands poised to benefit from an expansion of subsea developments worldwide.
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Gilead Sciences?(GILD): GILD gets an Outperform-from-Neutral lift at Credit Suisse.
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GNC Holdings?(GNC): The vitamin seller gets upgraded to Buy from Neutral at Goldman Sachs.
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Halliburton?(HAL): HAL is hosted to Overweight from Equal Weight at Stephens, which expects increased margins on account of drilling efficiencies. Its price target on the oil services outfit is now $56, up from $44.
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Lufkin Industries?(LUFK): LUFK is lifted to Outperform from Market Perform with Wells Fargo.
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MGM Resorts?(MGM): Shares are moved to Outperform from Sector Perform at RBC Capital, which also takes its target price up by $3 to $16. Regaining its New Jersey gaming license may prove to be catalytic.
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Michael Kors?(KORS): The recently surging fashion retailer is up another 1.2% before the bell after being added to Citigroup?s list of Top Picks Live.
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PNM Resources?(PNM): Jefferies juices the utility to Buy from Hold.
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Power-One?(PWER): Raymond James raises its recommendation to Strong Buy from Outperform.
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Peugot?(PINK: PEUGY) Goldman Sachs increases the French car company to Neutral from Sell.
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Realty Income?(O): The retail Real Estate Investment Trust gets moved to Buy from Neutral at Bank of America-Merrill Lynch.
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Statoil?(STO): The overseas energy giant is now Neutral from Underweight with HSBC Securities.
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The Fresh Market?(TFM): Goldman gives the grocer a Buy-from-Neutral upgrade.
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VF Corp?(VFC): Shares are taken to Buy from Neutral at DA Davidson.
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Xilinx?(XLNX): Bank of America-Merrill Lynch lifts the tech name to Buy from Neutral.
(See also: New Stock Coverage: Tesco Stock Surprisingly Stable After Horse Meat Scandal and Stock Downgrades: No Ka-Ching for Coinstar.)
No positions in stocks mentioned.
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