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Upgrades: TLB, PKY, DISH
Tuesday, August 4, 3:48 PM ET

Shares of Parkway Properties (PKY) were on the rise this morning after KeyBanc upgraded the stock from Hold to Buy. The firm said second quarter earnings came in better than expected as costs were managed well and leasing activity was on the rise again. Furthermore, the firm believes conditions are stabilizing and the 9.5% dividend is attractive to investors.

Following the upgrade, shares of Parkway Properties climbed more than twelve percent in morning trading.

FBR Capital upgraded shares of clothing retailer Talbots (TLB) from Market Perform to Outperform as the firm believes Wall Street estimates are too conservative. The firm sees a compelling long-term risk/reward scenario with Talbot's stock and raised its price target by 40% from $5 per share up to $7 per share. FBR analysts also believe the float is composed of more value-oriented investors and volatility should be lower going forward.

In morning trading, shares of Talbots had gained almost ten percent so far.

And DISH Network (NASDAQ:DISH) was upgraded this morning by Credit Suisse from Neutral to Outperform. The firm believes fundamentals are stabilizing and the challenges from the last year and a half are finally behind them. With the upgrade, the firm raised its price target from $18 per share up to $22 per share.

Shares of DISH Network were trading higher this morning, up about four and a half percent.

For MarketNewsVideo.com, I'm Angela Salvucci.

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