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New Stock Coverage: FireEye Is on a Tear


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

Someone in America may be about to get mighty rich today, but if a week from hell that appropriately ends on Friday the 13th is any indication, it won't be on Wall Street. US stock markets slumped again, with the S&P 500 Index (INDEXSP:.INX) now down 1.5% in December, a historically stellar month. As for the bearded Three Wise Men – and who says that whiskers are almost entirely absent from finance? -- well, the traditional "Santa Claus rally" remains stubbornly stuck in hibernation this year. Uncle Carl's Icahn Enterprises (NASDAQ:IEP), hitherto high-flying, has predictably endured its worst week in living memory since being put on the front page - the cover curse works every Time, and equally hirsute Ben Bernanke has become a Grinch. At least there was room - if not room service - at the inn as Hilton (NYSE:HLT) surged 7.50% on its trading debut. Gold? Its steepest tumble in 10 weeks left investors, to be frank, incensed. Mirth was apparent for TearLab (NASDAQ:TEAR) shareholders, as it gained 3.95% amid the red ink elsewhere. The famously lachrymose John Boehner said "The ayes (or is that eyes?) are 332, the nos are 94″ after a key budget vote. If there wasn't a dry eye in his House, you can blame the elegiac last print issue of The Onion. All well and good, but, as we shall soon see, investing in FireEye (NASDAQ:FEYE) will ensure that there are no more tears.

There are no quarterly earnings announcements of note, but the Fed head inauspiciously turns 60 on this Friday the 13th. Ahead of next week's critical FOMC policy meeting, the market desperately needs his birthday party punch bowl to remain overflowing for a wee while yet.

Brixmor Property (NYSE:BRX): Deutsche Bank begins Buy-rated research with a $23 target price.

China Mobile Games (NASDAQ:CMGE): Shares are covered with a Buy at Brean Capital.

Cimarex (NYSE:XEC): The stock is assigned a Buy with Wunderlich, whose price objective is $135.

Coca-Cola (NYSE:KO): Better news this morning for Coca-Cola, which was yesterday's worst Dow (INDEXDJX:.DJI) performer. Today Coca-Cola stock is begun with a Buy at Janney Capital.

Dr Pepper Snapple (NYSE:DPS): Janney starts the stock at a Buy. Its objective is $55.

FireEye (NASDAQ:FEYE): Application software outfit FireEye is a fresh Outperform at FBR Capital, whose price target is $48. FireEye stock price catalysts, in the broker's opinion, include opportunities in the signature-based security market.

Hilton Worldwide (NYSE:HLT): Yesterday's headline equity only rates a Neutral at SunTrust today.

Kaiser Aluminum (NASDAQ:KALU): Goldman Sachs has a new Neutral on the commodity company.

Oil Stocks: RBC Capital resumes coverage on dual Dow components Chevron (NYSE:CVX) (Perform) and Exxon Mobil (NYSE:XOM) (Outperform.)

Pier 1 Imports (NYSE:PIR): Retail stock Pier 1 Imports is a new Neutral at SunTrust. Shares of Pier 1 Imports, currently trading at $20.74, touched a trough of $0.10 during the depths of the financial crisis.

Post Holdings (NYSE:POST): The cereal stock is begun with a Buy at Citigroup. In addition to its eponymous Raisin Bran, Post's other offerings include Grape-Nuts, Honey Bunches of Oats, Pebbles, and Shredded Wheat.

Proofpoint (NASDAQ:PFPT): Shares are set an Outperform ($37 objective) at FBR Capital, which hails its pure play on-demand security software status.

Tableau Software (NYSE:DATA): FBR Capital covers the stock at Outperform.

(See also: Stock Upgrades: Amazon Isn't Falling From the Sky Any Time Soon and Stock Downgrades: There Will Be Blood at Anadarko Petroleum)
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