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New Stock Coverage: Barracuda Networks Swims With the Sharks

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

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bond king mourned the passing of his feline friend, but there was to be no dead-cat bounce in equities. Indeed even Caterpillar (NYSE:CAT), top dog in the Dow (INDEXDJX:.DJI) only 24 hours earlier, ended off 0.08% in obvious sympathy. Thus it was that one day after the S&P 500 Index (INDEXSP:.INX) closed at its eighth record high of the year, the stock market's nine lives sadly expired. Twitter (NYSE:TWTR) tumbled 3.67%, this despite the Oracle of Omaha's valiant attempt to save Fluffy. After earlier touching intraday peaks, the market did an about-face, with Facebook (NASDAQ:FB) falling 5.15% and investors throwing the book at Barnes & Noble (NYSE:BKS), which nosedived 13.52%. Chips, silicon and potato, fared far better as Intel (NASDAQ:INTC) advanced 2.01% to best all blue chips on a broker bounce, while Pringles parent Kellogg (NYSE:K) surged 5.97% for its biggest increase in almost five years.
 
It is quite a quiet Friday for corporate earnings announcements, but CarMax (NYSE:KMX) releases results.
 
Barracuda Networks (NYSE:CUDA): Shares are initiated with an Outperform at Imperial Capital.
 
Cisco Systems (NASDAQ:CSCO): The Dow stock is a new Outperform at Northland Capital, whose target is $28.
 
CyrusOne (NASDAQ:CONE): Shares are an Outperform at Cowen.
 
Dupont Fabros Tech (NYSE:DFT): Cowen covers the company at Outperform.
 
Micron (NASDAQ:MU): The stock is picked up at Overweight at Piper Jaffray, with a $30 price objective.
 
Also see:

Stock Upgrades: With Its 'London Whale' Beached, Tide Rises Again at JPMorgan


Stock Downgrades: Hasbro Rides 'My Little Pony' Off Into the Sunset


No positions in stocks mentioned.
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