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New Stock Coverage: Descartes Systems Can Afford to Be Philosophical


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

A trading week that began on Saint Patrick's Day and ended with Kermit the Frog saw a sea of emerald screens on Wall Street, with the Dow (INDEXDJX:.DJI) scoring an impressive 1.48% advance. (Although alternative energy outfit SolarCity (NASDAQ:SCTY) learned it isn't always easy being green in tumbling 12% to prove even Mr. Musk is occasionally mortal.) Callaway Golf (NYSE:ELY) hit all 18 greens in regulation and enjoyed a wee dram at the 19th hole after increasing 8.86%. Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) got a nice kick in the grass, jumping 10.49% as investors quite literally went long on the pride of Sao Paulo. Bill Ackman's big short Herbalife (NYSE:HLF) endured another week from hell. The billionaire has an impressively light carbon footprint, shunning limos in favor of putting pedal to the metal at Citi (NYSE:C) Bikes. The bank, up 6.8% last week, is clearly in infinitely better shape than is its main mode of transportation.
There aren't any top-tier domestic economic data or earnings announcements due today, but China Petroleum & Chemical (NYSE:SNP) did release its results overnight.
Abiomed (NASDAQ:ABMD): Leerink Swann launches coverage at Outperform, assigning a price objective of $34.
Clovis Oncology (NASDAQ:CLVS): Shares are a new Neutral at Goldman Sachs.
Descartes Systems (NASDAQ:DSGX): The software services stock named after a 17th Century French philosopher is initiated with an upbeat Outperform at Raymond James. Its target price is $17.50.
CECO Environmental (NASDAQ:CECE): Jefferies has a Hold, and $19 objective, on the equity.
Hi-Crush Partners (NYSE:HCLP): The limited partnership gets picked up with a Buy at Ladenburg Thalmann.
NCI Building Systems (NYSE:NCS): Shares are resumed with an Outperform at Credit Suisse.
T-Mobile US (NYSE:TMUS): Evercore establishes Equal Weight research with a $34 target.

Also see:
Stock Upgrades: Symantec Stops the Bleeding

Stock Downgrades: Bank of America No Longer Such a Steal
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No positions in stocks mentioned.
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