New Stock Coverage: Regal Entertainment Group Fit for a King

By Justin Sharon  JUN 27, 2013 9:17 AM

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

 


Try as one might — and Matador Resources (MTDR) rose to an all-time high on a broker boost — Wall Street’s bull, mortally wounded in recent weeks, is proving awfully tough to kill. The Dow (^DJI) advanced impressively in a now-routine triple-digit move.
 
Among stocks in the pink, Pandora (P) surged another 8.04% on an upgrade. If the Floyd boys will forgive the phrase and forego all royalties, the online radio outfit is now in the Money big time. Faring less well was “for profit” educator Apollo Group (APOL), which lost an S&P 500 (^GSPC)-worst 10.27% as investors opted to heavily short an institution that once awarded 7’1″ Shaquille O’Neal an MBA.
 
And the owner of an old Apple Inc. (AAPL) computer who will use his action winnings to buy a Tesla (TSLA), can clearly read the market’s mood music. The former, back below $400, fell 1.13% even as the cult electric car company jumped 3.24%.
 
Today in economics, May pending home sales are out at 10:00 a.m. Eastern. In earnings action, Accenture (ACN), Commercial Metals (CMC), ConAgra (CAG), KB Home (KBH), McCormick (MKC), Nike (NKE), Winnebago Industries (WGO), Worthington Industries (WOR), Shaw Communications (SJR), and Schnitzer Steel (SCHN) are all due to release results.
 
Approach Resources Inc. (AREX): The oil and gas outfit is a new Neutral at Suntrust Robinson Humphrey.
 
Baidu.com, Inc. (BIDU): The Chinese Internet firm is a fresh Buy at BNP Paribas.
 
Epizyme Inc (EPZM): Wedbush begins the biotech at Outperform.
 
Fluidigm Corporation (FLDM): Shares are a fresh Buy at Maxim Group, whose target price is $21. The firm is projected to boast a 31% share of the single-cell genomics market, versus 29% last year.
 
Humana Inc (HUM): Lazard has a new Neutral on HUM.
 
Macy’s, Inc. (M): The stock is begun with a Buy and $55 target at Stifel, which cites the retailer’s market dominance.
 
Regal Entertainment Group (RGC): Ascendiant Capital Markets resumes RGC at a Buy and assigns a $21 price objective. Recent box office strength and strong core theater cash flows are seen as catalysts.

(See also: Stock Upgrades: Trimble Navigation Limited Finds a Friend and Stock Downgrades: Diana Containerships Inc Not Fit for a Princess.)
No positions in stocks mentioned.

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