Equities are currently happy as Larry
— if Mr. Summers will forgive the phrase — with Dow Industrials
(INDEXDJX:.DJI) advancing 3.04% in their strongest weekly showing since January. (As for his Bêtte noire Ms. Midler, she is entitled to a double celebration, as her Twitter hash-bash of the former Harvard president
clearly had the desired effect on a company now preparing to go public.) Even bad news was good news, with long-suffering hedge funds
inspiring a series of somber nighttime vigils in Greenwich, Connecticut and sending candle-making hometown hero Blyth, Inc.
(NYSE:BTH) up some 25.88%. Elsewhere Urban Outfitters
(NASDAQ:URBN) nosedived an S&P 500
(INDEXSP:.INX)-worst 9.8%, enough to drive its investors to drink. Well, if not yet then certainly soon
. And J.K. Rowling, who gives new meaning to the phrase “welfare queen
” — she was once on welfare, and is now richer than the Queen — is about to unleash a new wave of money-making magic
Arcos Dorados Holding Inc
(NYSE:ARCO): Shares are assigned an uninspiring Neutral by Credit Suisse. The Buenos Aires-based company operates over 1,800 McDonald’s
(NYSE:MCD) restaurants in Latin America.
(NASDAQ:BEAV): Citigroup starts the stock at a Buy, assigning it an $87 price objective.
(NYSEMKT:BZC): Sidoti establishes the aerospace and defense stock at a Buy.
(NYSE:CVC): Shares are a new Buy at National Alliance, whose price target is $22.90. The broker sees underlying value in the company’s Lightpath operations.
(NASDAQ:ECYT): The biotech, fresh from Friday’s 7.35% surge, is covered with a Buy at Brean Capital. Its target price is $21.
(NASDAQ:RGDO): RGDO gets resumed with a Buy at Canaccord Genuity, whose price objective is $14.
Retail Properties of America
(NYSE:RPAI): The diversified Real Estate Investment Trust is covered with a Neutral at Capital One.
(See also: Stock Upgrades: Bristol-Myers Is Just What the Doctor Ordered
and Stock Downgrades: Lady Luck Leaving Las Vegas Sands?
No positions in stocks mentioned.
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