mgm mirage

UPGRADES Goldman Sachs boosts Demand Media (NYSE: DMD) from Neutral to Buy, setting a $21 six-month price target. Click Here for more color.

Wells Fargo boosts DryShips (Nasdaq: DRYS) from Market Perform to Outperform with a $5 to $6 valuation range.

UPGRADES JPMorgan upgrades Chicos, Inc.

(NYSE: CHS) from Neutral to Overweight. Sterne Agee lifts Under Armour, Inc. (NYSE: UA) from Neutral to Buy.

Bernstein raises MGM Mirage (NYSE: MGM) from Market Perform to Outperform with a $17 price target. Morgan Stanley boosts A123 Systems (Nasdaq: AONE) from Equal Weight to Overweight.

UPGRADES Citigroup lifts Ford (NYSE: F) from Hold to Buy while maintaining an $18 price target. Click Here for more color.

Jefferies upgrades MGM Mirage (NYSE: MGM) from Hold to Buy and raised their price target form $16 to $18.

UPGRADES Bernstein lifts Citi (NYSE: C) from Market Perform to Outperform, maintaining its $5.75 price target.

Janney Montgomery Scott upgrades MGM Mirage (NYSE: MGM) from Sell to Neutral, increasing its price target from $12 to $14. Click Here for more color.

Gov. Jim Gibbons said Monday he plans to meet with the primary builder of the $8.5 billion CityCenter project to try to resolve a dispute with casino operator MGM Mirage over an unpaid bill for construction of the Las Vegas Strip complex.

UPGRADES: Goldman Sachs upgrades Foster Wheeler AG (Nasdaq: FWLT) from Neutral to Buy with a $41 price target.

ARGUS upgrades MGM MIRAGE (NYSE: MGM) two-notches from Sell to Buy. The firm also set an $18 price target. Deutsche Bank upgraded Genworth Financial (NYSE: GNW) from Hold to Buy, saying the $600 million equity capital raise further improves holding company liquidity.

The firm raised their price target from $7 to $18.

Struggling with an economy that has gouged gambling profits and cut casino companies' ability to borrow, MGM Mirage hopes to keep expanding its international hotel and casino empire and fattening its profit — but have other companies foot the bill.

The chief executive of MGM Mirage says its board has realigned the casino operator's management and created an executive position to oversee 11 properties.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Earnings: Barnes Group (NYSE: B) - consensus EPS $0.16 Clorox (NYSE: CLX) - consensus EPS $1.19 Humana (NYSE: HUM) - consensus EPS $1.64 Loews (NYSE: L) - consensus EPS $0.98 MGM MIRAGE (NYSE: MGM) - consensus loss $0.09 Tyson Foods (NYSE: TSN) - consensus EPS $0.21 Intraday or Not Specified: Economics: 10am ET

• Construction Spending for June - Street expects -0.6%
• ISM Index for July - Street expects 46.5

2pm ET

• Auto/T

Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong bankruptcy process.