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New Stock Coverage: Is the New York Times a Paper Tiger?

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

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The World Series is over, but Beantown and St. Louis continue hitting home runs for US stocks. Markets rose again, inspired by an upgrade-related 2.39% rise in Boston Beer (NYSE:SAM) and favorable comments from Show-Me State Fed head James Bullard, who is sending some ale Sam Malone's way after losing his baseball bet. It was a tale of two Teutons as Alcoa's (NYSE:AA) Klaus Kleinfeld saw his stock, recently booted from the Dow (INDEXDJX:.DJI), surge some 7.01%. This as BlackBerry (NASDAQ:BBRY) bid Thorsten Heins adieu by shaving 16.41% off his exorbitant-enough exit package. Over in Germany itself, a hoarder's paradise revealed an astonishing treasure trove of Nazi-looted art. With clutter apparently in again - a new cartoon in The New Yorker suggested organization is overrated - the Container Store (NYSE:TCS) - up 101.11% on its Friday debut - fell back down to earth with a 2.35% tumble. And stock in banana behemoth Chiquita Brands (NYSE:CQB) slumped 1.61%. If you think that was scary, then along came a spider.

In terms of events that may move US markets this morning, today at 10:00 a.m. Eastern, economists call for a fall in The Institute for Supply Management's September services index. Regarding specific stocks, expect quarterly earnings announcements out of AOL Inc. (NYSE:AOL), BMW Group (OTCMKTS:BAMXY), CVS Caremark (NYSE:CVS), LiveNation Entertainment (NYSE:LYV), Michael Kors (NYSE:KORS), Mosaic (NYSE:MOS), OpenTable (NASDAQ:OPEN), Sturm Ruger (NYSE:RGR), Tesla Motors (NASDAQ:TSLA), T-Mobile (NYSE:TMUS), Twenty-First Century Fox (NASDAQ:FOXA), and Zillow (NASDAQ:Z).

Advertising & Media: FBR Capital has Market Performs on Meredith (NYSE:MDP) and News Corp (NASDAQ:NWSA), assigning respective price objectives of $49 and $18.50. It establishes Outperforms on USA Today owner Gannett (NYSE:GCI), Lamar Advertising (NASDAQ:LAMR) ($57 target price), and Valassis (NYSE:VCI) ($29).

Coca-Cola FEMSA (NYSE:KOF): Barclays begins the Mexican bottler at an Equal Weight. Its objective is $140.

FactSet (NYSE:FDS): Financial information provider FDS is a fresh Equal Weight at Barclays, whose target is $115.

Hancock Holding (NASDAQ:HBHC): Evercore has an Equal Weight on HBHC.

Lpath (NASDAQ:LPTN): The small cap gets launched with a Buy and $13 target MLV & Co, which says its potential wet Macular Degeneration treatment iSONEP has promise.

New York Times (NYSE:NYT): The New York Times stock is a new Outperform ($13 target) at FBR Capital. The New York Times' successful digital subscription model and revenue stream are somewhat mitigated by paywall issues, in the bank's view.

Regal Entertainment (NYSE:RGC): Regal Entertainment is initiated with a Market Perform at FBR Capital. Over the past year, stock in Regal Entertainment has returned roughly 23%.

Superior Energy (NYSE:SPN): Shares are begun with a Buy at Deutsche Bank.

Thomson Reuters (NYSE:TRI): The stock is an Equal Weight at Barclays, whose target is $40.

TV Shopping Sector: FBR Capital has a Market Perform and $58 target price on Home Shopping Network pioneer HSN, Inc. (NASDAQ:HSNI). It is more optimistic on Liberty Ventures (NASDAQ:LVNTA), initiated with an Outperform and $140 objective.

Twitter (NYSE:TWTR): Twitter stock, whose highly anticipated initial public offering is almost upon us, is initiated with a Buy at CRT Capital. Twitter recently increased the top end of its expected IPO range to $25 per share.

(See also: Stock Upgrades: HSBC Holdings Rides The Asian Tiger and Stock Downgrades: Troubled Times for Kellogg's Tony the Tiger)
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No positions in stocks mentioned.
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