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New Stock Coverage: American Airlines Moves From Hamm Actor to Hollywood Ending


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

Ben Bernanke, who becomes an old fogy of 60 this week (and on Friday the 13th, worse luck), can hardly be blamed for being curmudgeonly. Amid fears the Fed is about to remove the punch bowl, the party in US stock markets abruptly ended. Thus did the Dow (INDEXDJX:.DJI) and S&P 500 Index (INDEXSP:.INX) each snap eight-week winning streaks. Upbeat data, which on Wall Street is often bad news, included the unemployment rate falling to a five-year low and GDP showing surprising strength. An awful lot of the latter was, admittedly, inventory build, but an unconcerned Uncle Sam seems to be saying "Don't worry, be happy." Herbalife (NYSE:HLF), up 7.5% last month, gained another 4.6% in hitting a historic high last week, much to the ire of Bill Ackman. He vows to haunt the company "to the end of the Earth" but Lands' End was quite far enough for Sears (NASDAQ:SHLD), which showed us its 'softer side' in tumbling 24%.

Last week's torrid pace of economic announcements cools off considerably, with no top-tier data due this morning. In terms of other events that may move US markets and impact specific stocks, PVH Corp (NYSE:PVH) and Vail Resorts (NYSE:MTN) each release results on Monday.

Allscripts-Misys Healthcare (NASDAQ:MDRX): JPMorgan starts the stock at an Overweight. Its price objective is $18.

American Airlines: American Airlines parent AMR Corporation (OTCMKTS:AAMRQ), favorite of Mad Men actor John Hamm, is all set to start trading today on the Nasdaq (INDEXNASDAQ:.IXIC) under ticker symbol "AAL." The carrier, which survived bankruptcy and is merging with US Airways Group, is begun with a bullish Buy at Deutsche Bank, whose target price is $35. CRT Capital also assigns a Buy on what will be the world's largest air carrier.

Archer Daniels Midland (NYSE:ADM): Shares are a new Neutral at Credit Suisse.

Armstrong World Industries (NYSE:AWI): Goldman Sachs starts the stock at a Buy at Goldman. Its target is $68.

AthenaHealth (NASDAQ:ATHN): The stock is a new Overweight at JPMorgan, whose target is $155.

Brixmor Property (NYSE:BRX): Shares are an Outperform at RBC Capital, which cites upgrades to its portfolio.

Chegg (NYSE:CHGG): The online textbook rental firm is a fresh Overweight at JPMorgan, whose objective is $13.

Eros International (NYSE:EROS): Stock in Eros International is a new Buy at Jefferies, whose target is $14. Eros International is a British-based movie production outfit.

Fortune Brands Home & Security (NYSE:FBHS): Stock in Fortune Brands is a new Neutral at Goldman Sachs.

Hilton Worldwide (NYSE:HLT): The stock is a new Neutral at Atlantic Equities, though it's $2 billion-plus IPO is not due to price until this Thursday.

Lululemon Athletica (NASDAQ:LULU): LULU is launched with a Neutral at Wedbush.

Stanley Black & Decker (NYSE:SWK): Shares are a Neutral at Credit Suisse.

Tandem Diabetes Care (NASDAQ:TNDM): Piper Jaffray picks up the stock at Overweight.

TJX Companies (NYSE:TJX): Shares are initiated with an Overweight at Atlantic Equities.

(See also: Stock Upgrades: Time to Drink the Kool-Aid on Kraft and Stock Downgrades: Dean Foods Is on Santa's Naughty List)
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