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New Stock Coverage: Getting a Kick Out of Manchester United

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

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MINYANVILLE ORIGINAL A day after equities eked out small gains, shares fell a smidgen. If such anemic activity sounds dull, it's surely preferable to the riotous excitement that engulfed Wall Street 25 years ago today. Back then we could blame computerized chaos, now it's "human error," progress of a sort although Google (GOOG) may not agree after it imploded 8.01%.

A jump in jobless claims also weighed on markets, with the weekly figure coming in some 23,000 above the estimates of expensively compensated economists. Perhaps it's time they took a lesson from similarly accurate weather forecasters, who yesterday refreshingly admitted they haven't a clue what this winter will bring in the east.

Today in economics, the aforementioned expert analysts expect a slight slippage in September existing home sales at 10:00 a.m. Eastern. The first full week of earnings season comes to a close with General Electric (GE), Honeywell (HON), and McDonald's (MCD) among a host of heavy hitters due to report results.

Astronics (ATRO): KeyBanc has a Hold on ATRO.

Baidu.com (BIDU): UBS begins Buy rated research.

DSW Inc. (DSW): The footwear firm is a new Neutral at Citigroup, whose target price is $71.

Manchester United (NYSE:MANU): The soccer stock is a new Outperform at Credit Suisse, which assigns it a price objective of $17.

Metropolitan Health Networks (MDF): Shares are a new Neutral at Robert W. Baird, which has an $11 objective, as the current risk/reward appears balanced.

Salesforce.com (CRM): The name is initiated with an Outperform at Wedbush.

Sunshine Heart (SSH): Lazard Capital launches Buy rated coverage with a target of $10.

Terreno Realty (TRNO): TRNO is a new Buy at Compass Point, which sees material upside should the company outpace their $100 million acquisition assumption.

Workday (WDAY): The recent IPO is a new Neutral at UBS.

(See also: Stock Downgrades: Search Party Makes Grim Discovery at Google and Stock Upgrades: Verizon Hears Money Talking.)
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No positions in stocks mentioned.
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