(NYSE:TIME), America's largest magazine publisher, is today assigned a bullish buy rating as it goes alone after being spun off by corporate parent Time Warner
(NYSE:TWX). Time Inc., which recently announced plans to vacate its iconic mid-century America building in Midtown Manhattan
, produces People
, and Sports Illustrated
. A well-regarded management team is one key factor behind the broker boost.
On Fifth Avenue, TGI Friday's finished Friday all aflame
, but on Wall Street, investors were saying "TGIF" as the Dow Average
(INDEXDJX:.DJI) and S&P 500
(INDEXSP:.INX) each ended the workweek atop historic highs. "Calm before the storm" keeps coming to mind as the VIX
(INDEXCBOE:VIX) "fear index" fell to its lowest level since February 2007. We all know what happened next, and it wasn't pretty. For now, however, investors celebrated the recovery of all jobs lost in the Great Recession. Breakfast at Tiffany's
(NYSE:TIF) is gonna cost you after it finished Friday at a fresh best of $100.22, a lunch buffet with Buffett went for big bucks
, and Hollande -- hopefully going Dutch -- had two dinners on the same day
after the leaders of America and Russia couldn't be trusted to sit together. Back when we really
disliked Red Square, the USA went gaga for a Soviet-made game that celebrated its 30th birthday
late last week. In the Cold War era, CIA spies would tap phone lines in Moscow, but that's so 1984 -- today they take to Twitter
There aren't any top-tier economic reports released today, but Casey's General Stores
(NASDAQ:CASY), Ferrellgas Partners
(NYSE:FGP), Layne Christensen
(NASDAQ:LAYN), and The Pep Boys-Manny Moe & Jack
(NYSE:PBY) are all expected to announce release quarterly results.
Now let's turn to this morning's new stock coverage -- a list that includes a commodity company and trash titan in addition to Time Inc.
Bankwell Financial Group
(NASDAQ:BWFG): Keefe Bruyette covers the company at Outperform.
(NYSEMKT:BTG): Shares are begun with an Overweight at JPMorgan.
(NYSE:DST): Bank of America Merrill Lynch launches Buy-rated research.
(NYSE:JONE): The equity gets picked up at a Buy by Brean Murray.
(NASDAQ:MINI): Deutsche Bank starts the stock at a Buy.
: Today's headline analyst initiation is assigned an upbeat Outperform with Wells Fargo.
(NYSE:WM): Deutsche has a Hold on the garbage giant.
(NYSE:ZEN): Shares, currently slipping some 1.23% before the bell, are established at Outperform by Pacific Crest.
Stock Upgrades: Family Dollar Adopting Poison Pill for Uncle Carl?
Stock Downgrades: Taking an Ax to Anixter
No positions in stocks mentioned.
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