Top Upgrades of the Week: VNO, YELP, RBS, LMT, YHOO

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Vornado Realty Trust (NYSE:VNO): The stock is rated Buy by Citigroup. Its earlier rating stood at Neutral. Citi also upped the price target for the stock to $85 from $82. The stock is currently trading at $75.25, up 0.31 percent from its previous close of $74.98. It has traded in the range of $71.19 and $88.50 in the past 52 weeks. It is rumored that the company may collaborate with Interpublic for expanding the latter’s office space in Midtown.

Vornado Realty owns the building and leases it out. The company stock is trading at the Price Earnings ratio of 25.24. However, it is trading above its 20 days moving average price of $75.22 and 50 days moving average price of $75.11. Vornado Realty also recently announced the refinancing of its Manhattan property in Union Square South. The refinancing deal is worth $120 million, however, the net proceeds, after repaying existing loans and allied costs, stood at $42 million. Vornado Realty is a real estate investment trust company and is based out of New York.

Yelp Inc. (NYSE:YELP): Yelp is currently trading at $20.08, down 0.79 percent from its previous close of $20.24. Though, the stock has been upgraded by Cantor Fitzgerald from Hold to Buy. The stock’s price target has been set at $24, so it still has about 20 percent upside left. Yelp has traded in the range of $14.10 and $31.96 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $19.96 and 50 days moving average price of $20.04. Cantor Fitzgerald stated that the company’s core business is strong and intact. The company is an online city guide and offers information related to various businesses for shopping, event planning and entertainment. Yelp is based out of California and it was formed in 2004. The company offers its services in various countries including the United States, France, Ireland and the United Kingdom.

Royal Bank of Scotland (NYSE:RBS): UBS has reposed its faith in the stock and upgraded it to Buy, up from Neutral. The stock’s price target is $10.52, while it is currently trading at $9.36, down 0.74 percent from its previous close of $9.43. The stock is trading at the beta of 1.96. It has traded in the range of $5.94 and $9.53 in the past 52 weeks. The beleaguered bank is selling off its branches and is said to have received interest from bidders. The bank is in the process to sell 316 of its branches and AnaCap Financial Partners LLP is said to be interested. Virgin Money Holding and Nationwide Building Society have also evinced their interest in the sale. The company stock is trading above its 20 days moving average price of $9.29 and 50 days moving average price of $9.34.

Lockheed Martin Corporation (NYSE:LMT): The company is engaged in aerospace industry and deals in advanced technology systems. Lockheed Martin has been upgraded by Sanford C. Bernstein from Market perform to Outperform. Its current price level is at $92.61, down 0.53 percent. Though, Bernstein set the price target for the stock at $111. Its previous price target was at $105. Lockheed Martin is set to go ex-dividend on November 29, 2012. The company had declared the dividend of $1.15 per share and it will be payable to the holders of the stock as on the end of the trading session today. The stock is trading at the Price Earnings ratio of 10.63. It has traded in the range of $76.02 and $95.92 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $92.59 and 50 days moving average price of $92.31.

Yahoo Inc. (NASDAQ:YHOO): The stock is rated Buy by Goldman Sachs. The stock’s price target has also been elevated from $22 to $24. Yahoo is currently trading at $18.75, down 0.95 percent from its previous close of $18.93. The stock had opened at $18.80 and has traded in the range of $18.53 and $18.83 in the current trading session. Yahoo CEO is in the process of charting out new strategy for the internet company. Its stock commands the Price Earnings ratio of 5.69. Yahoo offers digital media services including advertisement and content management. The company is based out of California and it was formed in 1994.

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