New Stock Coverage: Charles Schwab Making Money Talk

By Justin Sharon  DEC 19, 2012 9:26 AM

Wall Street ratings agencies set the tone for today's stock market.


MINYANVILLE ORIGINAL Inspired by the sterling example of Indiana Jones — who knew all about economics, based on the iconic image of him on horseback at Petra’s Treasury — stocks celebrated Steven Spielberg’s 66th birthday by stubbornly refusing to fall from the fiscal cliff. Indeed Dow Industrials (^DJI) enjoyed their first successive triple-digit gains since the summer and our fedora wearing adventurer, who operated in the golden age of radio, will have loved an analyst-related 1.37% advance in Sirius XM Radio (SIRI), which stands at a fresh 52-week peak. And on the same day Arbitron (ARB) jumped 23.86% to top the entire NYSE, although alas RadioShack (RSH) missed out on all the fun, sliding some 7.47%.
It’s quite a light day in economic data, but quarterly earnings announcements are expected out of Accenture (ACN), Bed Bath & Beyond (BBBY), FedEx (FDX), General Mills (GIS), Jabil Circuit (JBL), Navistar (NAV), and Paychex (PAYX).
Antares Pharma (ATRS): The small cap is begun with a Buy at Jefferies, whose price objective is $5.
Avery Dennison (AVY): Shares are a new Neutral at Citigroup.
Baidu (BIDU): Shares are lower this morning after being initiated with a Sell at Maxim.
M&T Bank (MTB): Goldman Sachs starts the stock at a Neutral and has a $105 target price.
Discount Brokers: William Blair assigns Overweights on Charles Schwab (NYSE:SCHW), famous for its “Talk To Chuck” ad campaigns, and TD Ameritrade (NYSE:AMTD).
Host Hotels (HST): Shares are initiated with a Hold at Sandler O’Neill.
Monro Muffler (MNRO): The stock is a Buy at Stifel Nicolau.
Southwestern Energy (SWN): Société Générale starts the stock at a Buy.
Target (TGT): Shares are initiated with a Hold at Stifel Nicolaus.
Whitestone REIT (WSR): The name is a new Neutral at Robert W. Baird.
Yelp Inc. (YELP): YELP is initiated with a Market Perform at Northland Securities, whose target is $18.

(See also: Stock Downgrades: Plastic Not Fantastic for American Express and Stock Upgrades: Panera Bread Rolling in Dough.)
No positions in stocks mentioned.

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