Stock News : Major Stock Upgrades (PVH, SPLS, RMD, ECA)

Phillips-Van Heusen Corporation (Public, NYSE:PVH) shares climbed 6.40% to $53.71 following the stock was upgraded by Piper Jaffray to “Overweight” from “Neutral.”  The firm also raised the price target by $5 to $59.

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Piper analyst says, "...We believe strong fundamental results from Calvin Klein and Tommy Hilfiger coupled with attractive valuation will support shares at a higher multiple. On Tuesday evening the company reported Q2 pro forma EPS of $0.72 which was above our estimates of $0.51 and consensus of $0.54. We have raised our estimates and price target to account for better than expected Q2 results and strong retail channel performance."

Phillips-Van Heusen Corporation is an apparel company. The Company’s portfolio of brands includes its owned brands, Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Van Heusen, IZOD, ARROW, G.H. Bass & Co., Bass and Eagle, and its licensed brands.

Shares of Staples, Inc. (Public, NASDAQ:SPLS) are seeing increased buying pressure following Goldman Sachs upped the company’s rating to “Buy”  from Neutral and added the stock to their Conviction Buy List. Price target had been raised by $1 to $23.

The firm is calling this a "mean reversion call"; allowing investors to buy a strong franchise at an attractive price.

Shares of SPLS climbed 2.80% to $19.19 on very heavier than the average volume.

Staples, Inc. (Staples) is an office products company. The Company, along with its subsidiaries, offers a range of office products, including supplies, technology, furniture and business services.

ResMed Inc. (Public, NYSE:RMD) was upgraded by Morgan Stanley to Overweight from Equal Weight.

ResMed Inc. (ResMed), is a holding company for the ResMed Group. The Company, through its subsidiaries, is a developer, manufacturer and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders. Sleep-disordered breathing (SDB), includes obstructive sleep apnea (OSA), and other respiratory disorders that occur during sleep.

Shares of RMD fell 0.37% to $31.93 in the opening session.

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Shares of EnCana Corporation (USA) (Public, NYSE:ECA) surged 1% to $28.54 following CIBC upped the company’s rating to “Sector Outperform” from “Sector Perform”

EnCana Corporation (EnCana) is a natural gas company. The Company operates in two operating divisions: Canadian Division, formerly the Canadian Foothills Division, which includes natural gas development and production assets.

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