EdgeWater 10/27/2010 10:21:35 PM
News / Business

Stocks Mixed On Upgrades (JKS, MRT, BBT, AEP)

Stocks Mixed On Upgrades

JinkoSolar Holding Co., Ltd. (NYSE:JKS) added 5.36% to $29.50. Auriga upgraded JinkoSolar Holding Co., Ltd. from Hold to Buy and raised their price target on the stock form $32 to $37.

Over the past 52-week, the stock had traded within the range of $8.23-$33.53 and is up more than 167% year-to-date. Over the past five trading sessions, the stock went up more than 2%.

Morton's Restaurant Group, Inc. (NYSE:MRT) went down 0.53% to $5.60. Wells Fargo upgraded Morton's Restaurant Group, Inc. from Market Perform to Outperform. The price target was raised to $8-9 from $5-6.

The stock opened at $5.87 and has a 52-week range of $2.55-$8.09. In the past one month of trading sessions, the stock went up more than 10%.

BB&T Corporation (NYSE:BBT) surged 1.47% to $22.83. Janney Montgomery Scott upgraded BB&T Corporation to Buy with a price target of $28.

Last week, the company on Thursday said third-quarter net income available to common shareholders totaled $210 million, or 30 cents a share, compared with $152 million, or 23 cents a share, in the same period in 2009.

A survey of analysts by FactSet Research had produced a consensus earnings forecast of 25 cents a share.

The stock went down more than 10% year-to-date.

American Electric Power Company, Inc. (NYSE:AEP) slid 0.05% to $36.64. Goldman upgraded American Electric Power from Neutral to Buy.

Over the past 52-week, the stock had traded within the range of $28.17-$37.16 and is up more than 3% year-to-date. Over the past five trading sessions, the stock went down more than 1%.

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