MINYANVILLE ORIGINAL KBW Inc.
(KBW), whose Keefe Bruyette & Woods suffered so much in the World Trade Center
, rose 7.18% after being bought for $575 million and Time Warner Cable
(TWC), whose own twin towers
went up at around the exact same time, slumped 6.36% after announcing earnings. (Many more similar showings, and they’ll soon be forced to adopt tacky measures to raise revenue
With all eyes on the Electoral College, Corinthian Colleges
(COCO) nosedived 9.49% even as a record number of Americans are earnings bachelor's
. (Lovesick bachelors fared no better, with Match.com owner IAC/InterActive
(IACI) tumbling 2.86%.)
No top-tier economic data due today, but earnings announcements are expected out of AOL Inc.
(AOL), BMW Group
(BAMXY), CVS Caremark
(CVS), InterContinental Hotels
(IHG), News Corp
(NWSA), NYSE Euronext
(NYX), and Office Depot
American Science & Engineering
(ASEI): Shares are downgraded to Hold from Buy at Benchmark, as there is now less likelihood of the company winning the Iraqi FMS order.
(BMRN): The name is now Hold from Buy at Brean Capital.
(NYSE:ENR): The maker of alkaline, rechargeable, and lithium batteries is moved to Market Perform from Outperform by Sanford Bernstein. The target price gets taken to $80 from $84.
(ESRX): Shares, falling 14% before the bell, get downgraded to Hold from Buy at Jefferies after management called 2013 consensus expectations overly aggressive.
(HME): HME is downgraded to Underperform from Sector Perform at RBC Capital.
(PDS): The stock is now Hold from Buy at Jefferies.
(SREV): Shares get downgraded to Hold from Buy at Deutsche Bank.
(SCBFF): The stock is lower in London today after Credit Suisse cut it to Underperform from Neutral.
(TWTC): Shares are taken to Underperform from Market Perform at FBR Capital, whose new lower target is $20. Recent enterprise demand checks are concerning.
(See also: New Stock Coverage: Kite Realty Can Fly High
and Stock Upgrades: Chipotle Mexican Grill Shares Set to Head North
No positions in stocks mentioned.
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