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New Stock Coverage: Parsley Energy a Sage Investment Over Time?
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

On the eve of Independence Day, should you buy independent oil and gas outfit Parsley Energy (NYSE:PE)? Today this play on the Permian Basin is picked up with a Sector Perform rating by an analyst who does see further upside potential over time, but would wait for a more attractive entry point before adding to positions.
 
Say "1974″ to Wall Street sorts of a certain age and it instantly conjures up awful images of a big bad bear scare amid oil shocks, stagflation, and Watergate. Yet yesterday that was where the S&P 500 (INDEXSP:.INX) happily ended at as both it and Dow Industrials (INDEXDJX:.DJI) hit historic highs. Notwithstanding lightning strikes in New York, the anemic trading action ahead of the fireworks was something of a damp squib. (Or Squibb, if an unloved Bristol-Myers (NYSE:BMY) will excuse the spelling.) Amid the thunder SolarCity (NASDAQ:SCTY) reigned supreme, rising 1.25% on a broker boost and thus redeeming the Solar System star from Luis Suárez. (Yes my friends, the cover curse just claimed another victim.) Here Comes the Sun by The Beatles arrived on the scene in 1969, as did Sheryl Sandberg, whose Facebook (NYSE:FB) tumbled 2.37% after she apologized for messing with our emotions. Our current president was voted the worst post-war commander in chiefJPMorgan Chase (NYSE:JPM) dropped a Dow-worst 1.04%, and misery loved company as a bandit plundered one of the bank's branches while wearing an Obama cap.
 
Today in economic data, June's ISM services index is expected to tick up from the prior month's pace at 10:00 a.m. EDT. US equity markets close early at 1:00 p.m. ahead of the tomorrow's July 4th holiday.

Now let's turn to this morning's new stock coverage, a list that includes a giant pharmaceutical firm in addition to Parsley Energy.

Aerie Pharmaceuticals (NASDAQ:AERI): Canaccord Genuity covers the company at a Buy. Its price objective is $40.
 
AstraZeneca (NYSE:AZN): The British drug company, subject of recent takeover talk, is resumed with an Underweight at JPMorgan.
 
Chatham Lodging (NYSE:CLDT): Barclays begins Overweight rated research on the accommodation outfit.
 
Ericsson (NASDAQ:ERIC): The telecom titan is a Hold at Jefferies. (Note: please don't confuse this Swedish wireless stock with Oregon aerospace outfit Erickson (NASDAQ:EAC), which yesterday nosedived a Nasdaq (INDEXNASDAQ:.IXIC)-worst 14.21%.)
 
Parsley Energy: RBC Capital picks up today's headline analyst initiation at Sector Perform with a $27 target price.
 
PAREXEL (NASDAQ:PRXL): KeyBanc Capital has a Hold on the stock.
 
Regions Financial (NSYE:RF): Shares are a new Neutral at Citigroup.
 
State Bank Financial (NASDAQ:STBZ): The stock is begun with a Buy and $23 target with Wunderlich, which says accretive acquisitions can act as a catalyst.
 
Sterling Bancorp (NYSE:STL): Raymond James resumes the equity at Outperform. Its objective is $14.
 
Zurich Insurance Group (OTCMKTS:ZURVY): Shares get launched with a Buy at Bankhaus Lampe.

Also see:
 

Stock Upgrades: Cree Can See by the Dawn's Early Light-Emitting Diode

Stock Downgrades: Declare Your Independence From Regado Biosciences
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No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
New Stock Coverage: Parsley Energy a Sage Investment Over Time?
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

On the eve of Independence Day, should you buy independent oil and gas outfit Parsley Energy (NYSE:PE)? Today this play on the Permian Basin is picked up with a Sector Perform rating by an analyst who does see further upside potential over time, but would wait for a more attractive entry point before adding to positions.
 
Say "1974″ to Wall Street sorts of a certain age and it instantly conjures up awful images of a big bad bear scare amid oil shocks, stagflation, and Watergate. Yet yesterday that was where the S&P 500 (INDEXSP:.INX) happily ended at as both it and Dow Industrials (INDEXDJX:.DJI) hit historic highs. Notwithstanding lightning strikes in New York, the anemic trading action ahead of the fireworks was something of a damp squib. (Or Squibb, if an unloved Bristol-Myers (NYSE:BMY) will excuse the spelling.) Amid the thunder SolarCity (NASDAQ:SCTY) reigned supreme, rising 1.25% on a broker boost and thus redeeming the Solar System star from Luis Suárez. (Yes my friends, the cover curse just claimed another victim.) Here Comes the Sun by The Beatles arrived on the scene in 1969, as did Sheryl Sandberg, whose Facebook (NYSE:FB) tumbled 2.37% after she apologized for messing with our emotions. Our current president was voted the worst post-war commander in chiefJPMorgan Chase (NYSE:JPM) dropped a Dow-worst 1.04%, and misery loved company as a bandit plundered one of the bank's branches while wearing an Obama cap.
 
Today in economic data, June's ISM services index is expected to tick up from the prior month's pace at 10:00 a.m. EDT. US equity markets close early at 1:00 p.m. ahead of the tomorrow's July 4th holiday.

Now let's turn to this morning's new stock coverage, a list that includes a giant pharmaceutical firm in addition to Parsley Energy.

Aerie Pharmaceuticals (NASDAQ:AERI): Canaccord Genuity covers the company at a Buy. Its price objective is $40.
 
AstraZeneca (NYSE:AZN): The British drug company, subject of recent takeover talk, is resumed with an Underweight at JPMorgan.
 
Chatham Lodging (NYSE:CLDT): Barclays begins Overweight rated research on the accommodation outfit.
 
Ericsson (NASDAQ:ERIC): The telecom titan is a Hold at Jefferies. (Note: please don't confuse this Swedish wireless stock with Oregon aerospace outfit Erickson (NASDAQ:EAC), which yesterday nosedived a Nasdaq (INDEXNASDAQ:.IXIC)-worst 14.21%.)
 
Parsley Energy: RBC Capital picks up today's headline analyst initiation at Sector Perform with a $27 target price.
 
PAREXEL (NASDAQ:PRXL): KeyBanc Capital has a Hold on the stock.
 
Regions Financial (NSYE:RF): Shares are a new Neutral at Citigroup.
 
State Bank Financial (NASDAQ:STBZ): The stock is begun with a Buy and $23 target with Wunderlich, which says accretive acquisitions can act as a catalyst.
 
Sterling Bancorp (NYSE:STL): Raymond James resumes the equity at Outperform. Its objective is $14.
 
Zurich Insurance Group (OTCMKTS:ZURVY): Shares get launched with a Buy at Bankhaus Lampe.

Also see:
 

Stock Upgrades: Cree Can See by the Dawn's Early Light-Emitting Diode

Stock Downgrades: Declare Your Independence From Regado Biosciences
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap
New Stock Coverage: Parsley Energy a Sage Investment Over Time?
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

On the eve of Independence Day, should you buy independent oil and gas outfit Parsley Energy (NYSE:PE)? Today this play on the Permian Basin is picked up with a Sector Perform rating by an analyst who does see further upside potential over time, but would wait for a more attractive entry point before adding to positions.
 
Say "1974″ to Wall Street sorts of a certain age and it instantly conjures up awful images of a big bad bear scare amid oil shocks, stagflation, and Watergate. Yet yesterday that was where the S&P 500 (INDEXSP:.INX) happily ended at as both it and Dow Industrials (INDEXDJX:.DJI) hit historic highs. Notwithstanding lightning strikes in New York, the anemic trading action ahead of the fireworks was something of a damp squib. (Or Squibb, if an unloved Bristol-Myers (NYSE:BMY) will excuse the spelling.) Amid the thunder SolarCity (NASDAQ:SCTY) reigned supreme, rising 1.25% on a broker boost and thus redeeming the Solar System star from Luis Suárez. (Yes my friends, the cover curse just claimed another victim.) Here Comes the Sun by The Beatles arrived on the scene in 1969, as did Sheryl Sandberg, whose Facebook (NYSE:FB) tumbled 2.37% after she apologized for messing with our emotions. Our current president was voted the worst post-war commander in chiefJPMorgan Chase (NYSE:JPM) dropped a Dow-worst 1.04%, and misery loved company as a bandit plundered one of the bank's branches while wearing an Obama cap.
 
Today in economic data, June's ISM services index is expected to tick up from the prior month's pace at 10:00 a.m. EDT. US equity markets close early at 1:00 p.m. ahead of the tomorrow's July 4th holiday.

Now let's turn to this morning's new stock coverage, a list that includes a giant pharmaceutical firm in addition to Parsley Energy.

Aerie Pharmaceuticals (NASDAQ:AERI): Canaccord Genuity covers the company at a Buy. Its price objective is $40.
 
AstraZeneca (NYSE:AZN): The British drug company, subject of recent takeover talk, is resumed with an Underweight at JPMorgan.
 
Chatham Lodging (NYSE:CLDT): Barclays begins Overweight rated research on the accommodation outfit.
 
Ericsson (NASDAQ:ERIC): The telecom titan is a Hold at Jefferies. (Note: please don't confuse this Swedish wireless stock with Oregon aerospace outfit Erickson (NASDAQ:EAC), which yesterday nosedived a Nasdaq (INDEXNASDAQ:.IXIC)-worst 14.21%.)
 
Parsley Energy: RBC Capital picks up today's headline analyst initiation at Sector Perform with a $27 target price.
 
PAREXEL (NASDAQ:PRXL): KeyBanc Capital has a Hold on the stock.
 
Regions Financial (NSYE:RF): Shares are a new Neutral at Citigroup.
 
State Bank Financial (NASDAQ:STBZ): The stock is begun with a Buy and $23 target with Wunderlich, which says accretive acquisitions can act as a catalyst.
 
Sterling Bancorp (NYSE:STL): Raymond James resumes the equity at Outperform. Its objective is $14.
 
Zurich Insurance Group (OTCMKTS:ZURVY): Shares get launched with a Buy at Bankhaus Lampe.

Also see:
 

Stock Upgrades: Cree Can See by the Dawn's Early Light-Emitting Diode

Stock Downgrades: Declare Your Independence From Regado Biosciences
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
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