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New Stock Coverage: 3D Systems No Longer a License to Print Money

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

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Silver-topped duo Christine Lagarde and Janet Yellen both hogged headlines, but it was the original "Gray Lady" who may have inadvertently moved markets the most last week. The New York Times (NYSE:NYT) proved a perfect contrary indicator by making its book review all about money, only 48 hours after investors lost bucketloads of the stuff. (It certainly gave the evil eye to purported pyramid scheme Herbalife (NYSE:HLF), which fell 13.97% on Friday alone.) Thus did the Dow (INDEXDJX:.DJI) tumble 2.35% and Nasdaq (INDEXNASDAQ:.IXIC) endure its worst time of it since a June swoon in 2012. JPMorgan Chase (NYSE:JPM) slid 7.5% even as it announced that its CEO took home $11.8 million. If Mr. Dimon cares to join the ranks of us journalists he regards as preposterously overpaid, there is hope, for his 31-page missive to shareholders showed real literary promise. Can you keep a secret? The Fed certainly could. This, in a week when the notoriously tight-lipped Secret antiperspirant owner Procter & Gamble (NYSE:PG) pocketed $2.9 billion by selling its pet food brands to equally mysterious Mars, "the Howard Hughes of candy," whose corporate culture is the dark side of the moon.
 
Today in economics, business inventories for February are out at 10:00 a.m. EDT. On the corporate front, the first full week of first-quarter earnings commences with Citigroup (NYSE:C), JB Hunt Transport (NASDAQ:JBHT), and M&T Bank (NYSE:MTB) all releasing results.
 
Audiocodes (NASDAQ:AUDC): Shares are a new Buy at Needham, whose price objective is $9.
 
Kindred Biosciences (NASDAQ:KIN): Leerink Swann starts the stock at Outperform with a $32 target price.
 
MediWound (NASDAQ:MDWD): The company is covered with an Outperform at Credit Suisse, whose objective is $18.
 
Pandora Media (NYSE:P): P gets picked up with a Buy rating and $34 target at SunTrust.
 
Paylocity (NASDAQ:PCTY): Bank of America Merrill Lynch launches the stock at a Neutral, but JMP Securities (Outperform and $25 objective) is more upbeat.
 
Q2 Holdings (NYSE:QTWO): The company is resumed at Outperform by RBC Capital, which expects it to take market share.
 
3D Systems (NYSE:DDD): The 3D printing name rates only a new Neutral ($63 target) at Goldman Sachs. Shares, which flirted with $100 in the first week of 2014, finished Friday at $48.07.
 
Stratasys (NASDAQ:SSYS): Goldman has a Buy and $146 price objective on SSYS.

Also see:

Stock Upgrades: Eli Lilly Coming Up Roses

Stock Downgrades:
Microsoft Has Tech Investors Jumping Out of Windows
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No positions in stocks mentioned.
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