Global Cash Access Holdings
(NYSE:GCA), today's headline analyst initiation, is the preeminent player in providing cash access solutions for the gaming industry. Shares surged 4.86% on Monday, but the analyst advises greater caution this morning amid pricing pressure and a relatively anemic industry outlook.
A day late, but definitely not a dollar short. Twenty-four hours after Mother's Day, stocks honored storks as Vlasic pickles parent Pinnacle Foods
(NYSE:PF) surged 13.20% after being bought. The merger Monday sent Dow Industrials
(INDEXDJX:.DJI), now up for four straight sessions, to a fresh best in what's quickly becoming a serial story. Kellogg
(NYSE:K) gained 1.80% to an historic high, making money talk so soon after the voice of its Tony the Tiger was sadly silenced
. Casey Kasem has an incomparably melodious voice, and while the radio icon is unfortunately ailing
, the newest expression of his medium remains in fine fettle after Pandora Media
(NYSE:P) rode a broker boost
to surge 6.01%.
Today in economics, March business inventories are expected to expand from February's pace at 10:00 a.m. EDT. On the earnings front, expect announcements out of Abercrombie & Fitch
(NASDAQ:FOSL), and Take Two Interactive
Now let's turn to this morning's new stock coverage, a list that includes an industrial outfit in addition to Global Cash Access.
City Office REIT
(NYSE:CIO): Janney covers the company at a Buy and assigns it a price objective of $15.
Global Cash Access Holdings
: Stifel has a Hold rating and $8.50 target price on today's headline analyst initiation.
HD Supply Holdings
(NASDAQ:HDS): Shares are assigned an Equal-Weight at Morgan Stanley, whose target is $28.
Illinois Tool Works
(NYSE:ITW): The diversified machinery name is a new Neutral at JPMorgan. Its objective is $86.
(NASDAQ:OPB): Keefe Bruyette covers the company at Outperform ($36 price target.)
(OTCMKTS:ROYMF): The British postal powerhouse, a relatively recent initial public offering, gets picked up with a Buy at Berenberg.
(NYSE:WCC): WCC is established at Equal-Weight by Morgan Stanley, whose target is $92.
(NYSE:GWW): Morgan Stanley starts the stock at Overweight. Its price objective is $296.
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No positions in stocks mentioned.
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