Stock Downgrades: AIG Told to Take a Hike
The Academy of Motion Pictures this morning revealed its nominations for best picture. It was won last year by a silent film and the International Mime Festival began today in London but on Wall Street money always talks. Shares posted their first win of the week with retailers to the fore. Ralph Lauren (RL) who wisely changed his last name from Lifshitz added 2.05% on an analyst upgrade. Elizabeth Arden (RDEN) who inexplicably altered her name from an already-fabulous Florence Nightingale jumped 3.52%. Clear Channel Outdoor Holdings (CCO) not long after getting into trouble for a suggestive sunglasses billboard still appears to have a bright future ...
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