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New Stock Coverage: Keurig Green Mountain Not Worth Hill of Beans?


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

Keurig Green Mountain (NASDAQ:GMCR) shares, which hit a fresh peak earlier this week, may be set to suffer a bout of vertigo. The single-cup coffee king has surged 59% in the past 12 months, but its shares are soft ahead of the open after being assigned a lukewarm rating by an analyst for whom valuation concerns now loom increasingly large.
The bear, which had recently shown signs of awaking from its extended hibernation, quite literally took a back seat to a Fed Chair. (Presumably on La-Z-Boy (NYSE:LZB), which imploded 8.05% even as the S&P 500 (INDEXSP:.INX) hit its 20th historic high of 2014.) Janet Yellen's market-friendly comments also propelled Nasdaq (INDEXNASDAQ:.IXIC) to its highest close since the ancient era of April 2000. (That month Metallica's Lars Ulrich sued Napster, way back in the millennium year that also witnessed the founding of long-forgotten Hot or Not.) FedEx (NYSE:FDX), which surged 6.16% to a record, followed along with the Fed even as investors were fed up with a 7.25% slump in ConAgra Foods (NYSE:CAG). The Gap (NYSE:GPS), which is still getting over an epic Photoshop fail, gained 1.24% on a broker boost, and Adobe (NASDAQ:ADBE) advanced 8.20% to a fresh best. Sunnyvale-based Yahoo (NASDAQ:YHOO) snapped a two-session slump in some style, jumping 1.48% despite Marissa Mayer giving a coolly received address in Cannes, a city which was memorably described by W. Somerset Maugham as "a sunny place for shady people." For what it was worth, SunPower (NASDAQ:SPWR) shrugged off a rating reduction to increase 0.34%.
Today in economic data, May leading indicators and the Philadelphia Fed index for June are each released at 10:00 a.m. EDT. On the earnings front, BlackBerry (NASDAQ:BBRY), Kroger (NYSE:KR), Oracle (NYSE:ORCL), Rite Aid (NYSE:RAD), and Smith & Wesson (NASDAQ:SWHC) all announce earnings.
Now let's turn to this morning's new stock coverage, a list that includes a couple of other beverage equities in addition to Keurig Green Mountain.
Arcam (OTCMKTS:AMAVF): Brean Capital has a Hold on the stock.

Beverage StocksDr Pepper Snapple (NYSE:DPS) is started with a Sell at BTIG Research, which is infinitely more bullish on Buy-rated Monster Beverage (NASDAQ:MNST). Its respective price objectives are $50 and $90.
Cemex (NSYE:CX): The Mexican cement stock is a fresh Hold at Jefferies.
Keurig Green Mountain: Today's headline analyst initiation is a new Neutral at BTIG Research.
Tech Stocks: Buckingham Research covers key Dow (INDEXDJX:.DJI) component Cisco Systems (NASDAQ:CSCO) at a Neutral. It is more upbeat on Buy-rated Juniper Networks (NYSE:JNPR).
Vista Gold (NYSEMKT:VGZ): The small cap stock, up 3.28% yesterday, may be poised for additional upside after getting begun with a Buy and $1.25 target price at H.C. Wainwright. Additional mining production is anticipated by the broker, and could act as a share-price catalyst.

Also see:

Stock Downgrades: ConAgra's Prospects Appear Slim, Jim

Stock Upgrades: Hazy, Crazy Days of Summer Sit Well With La-Z-Boy
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No positions in stocks mentioned.
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