Thursday, 13 June 2013

OVERNIGHT U.S. STOCK MOVERS,Thursday, June 13th, 2013


Safeway (SWY -0.86%) was downgraded to "Neutral" from "Buy" at Citigroup.

The NY Post reported that California congresswoman Linda Sanchez has asked the Federal Trade Commission to investigate Herbalife (HLF +4.36%) over allegations the company is a pyramid scheme.

Waste Management (WM -0.30%) was downgraded to "Neutral" from "Buy" at Goldman.

Ross Stores (ROST -0.49%) was upgraded to "Buy" from "Neutral" at Sterne Agee with a price target of $75.

International Paper (IP -2.82%) was upgraded to "Conviction Buy" from "Neutral" at Goldman.

Reuters reported that Apple (AAPL -1.24%) is considering launching iPhones with bigger screens, as well as cheaper models in a range of colors, over the next year.

Gilead (GILD -2.42%) was upgraded to "Buy" from "Hold" at Argus with a price target of $62 and Celgene (CELG -0.54%) was upgraded to "Buy" from "Hold" at Argus with a price target of $140.

Gannett (GCI -1.59%) will acquire Belo (BLC -3.51%) for $13.75 per share, or approximately $1.5 billion.



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