Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: American Airlines Flies High

By

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

PrintPRINT
In a week when Pharrell took his "Happy" talk to Saturday Night Live, investors ended up feeling sad and anxious. Not least the shareholders in Yahoo (NASDAQ:YHOO), which paid big bucks for the show and was dead money by Friday afternoon, falling 4.19% to a five-month trough. Even as Nasdaq (INDEXNASDAQ:.IXIC) ended at an eight-week low, the Dow (INDEXDJX:.DJI) fared far better. It was helped by a 3% increase in Caterpillar (NYSE:CAT), which rose despite being raked over the coals in CongressGeneral Motors (NYSE:GM), which also endured a tough time on Capitol Hill, saw its stock prove similarly resilient. Tesla Motors (NASDAQ:TSLA) was less fortunate, tumbling 5.85% on Friday to officially enter bear market territory. Its CEO, who has already spent an inordinate amount of time putting out fires, unwisely opted to opine about Burning Man and subsequently saw his stock cool off considerably. And Facebook (NASDAQ:FB), which looks literally like a dinosaur in the eyes of the young demographic it covets, lost ground for a fourth straight week.
 
This afternoon in economic data, consumer credit for February is expected to expand from the prior month's pace at 3:00 p.m. EDT. It's quite a quiet session for quarterly earnings announcements, but Alcoa (NYSE:AA) unofficially ushers in first-quarter reporting season when it releases results after the close of trading tomorrow.
 
Achaogen (NASDAQ:AKAO): Credit Suisse covers the company at Outperform, assigning it a target price of $22. Needham (Buy and $21 target) is equally upbeat amid high hopes for the company's principal pipeline product plazomicin to treat carbapenem-resistant enterobacteriaceae- (CRE)-related infections.
 
American Airlines (NASDAQ:AAL): Shares get begun with a Buy at Goldman Sachs, whose price objective is $46.
 
FireEye (NASDAQ:FEYE): FEYE is a fresh Outperform at FBN Securities. The price target is $65.
 
IRSA Investments (NYSE:IRS): Morgan Stanley starts with stock with an Overweight rating and $16 target.
 
Oshkosh Corp. (NYSE:OSK): OSK is a new Neutral ($65 objective) at Citigroup.
 
Trulia (NYSE:TRLA): Barclays begins research at Equal Weight with a $38 price target.

Also see:

Stock Upgrades: Rocket Fuel Set to Soar

Stock Downgrades:
American Eagle Laid Low
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE