New Stock Coverage: Google Inc's Search Party Just Getting Started

By Justin Sharon  JUN 26, 2013 9:20 AM

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

 


Dow Industrials (^DJI) rebounded, reversing much of Monday’s mauling after China attempted to assure investors its credit crunch is as illusory as Cap’n Crunch.
 
Amid standout stocks, Carnival Corp. (CCL) surged some 5.03% as the cruise company gave its CEO the bum’s rush after its unfortunately misnamed Triumph was stranded at sea with five working toilets for 4,200 people. Brazil, whose hard-partying citizens know a thing or two about Carnival, also enjoyed a Fat Tuesday, with hometown hero GOL Linhas Aéreas Inteligentes (GOL) breaking out of a recent slump to jump 9.71%.
 
Rounding out a profitable trifecta of Planes, Trains and Automobiles — to quote a film from Wall Street’s wretched year of 1987 — Greenbrier (GBX) gained 4.71% and Europe’s biggest carmaker Volkswagen (VLKAY) advanced 2.86%.
 
Today’s earnings announcements are expected to include Bed Bath & Beyond (BBBY), General Mills (GIS), HB Fuller (FUL), Monsanto (MON), and Paychex (PAYX).
 
Alliance Data Systems Corporation (ADS): Shares — upgraded elsewhere this morning — are also initiated with a bullish Buy at Deutsche Bank.
 
Chemicals: Suntrust Robinson Humphrey begins Buys on Air Products & Chemicals, Inc. (APD) and Praxair, Inc. (PX): initiated with a Buy at Sun Trust Rbsn Humphrey
 
Chipotle Mexican Grill, Inc. (CMG): Sterne Agee has a fresh Buy on the fast food firm.
 
DISH Network Corp (DISH): Shares are a new Neutral at JPMorgan.
 
Global Partners LP (GLP): Wells Fargo launches the limited partnership at a Market Perform.
 
Google Inc (GOOG): The Internet search giant gets established with a Buy at Janney, whose price objective is $1,050.
 
Matador Resources Co (MTDR): Shares are begun with a Buy opinion and $15 objective with Wunderlich, which highlights its impressive Eagle Ford and Delaware Basin energy assets.
 
NASDAQ OMX Group, Inc. (NDAQ): Barclays has a new Overweight on the exchange operator.
 
Orbitz (OWW): Ascendiant Capital Markets covers the online travel outfit at a Buy, setting a $10 target price on a company it expects to generate increasingly stable earnings and revenue gains.
 
Splunk Inc (SPLK): The application software stock is assigned an Outperform with Wedbush.
 
Starbucks Corporation (SBUX): Shares are initiated with a Buy at Davenport.
 
Zoetis Inc (ZTS): Citing its market-leading animal health care position, Argus begins Buy-rated research with a $38 objective.

(See also: Stock Upgrades: Pandora Media Inc Dialing Up Dollars and Stock Downgrades: No Love in the Air for Southwest Airlines Co.)
No positions in stocks mentioned.

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