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New Stock Coverage: Barracuda Networks Swims With the Sharks


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

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

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No positions in stocks mentioned.
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