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New Stock Coverage: Analysts Talk Turkey With Twitter's Bluebird


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

A month that ended by honoring the patron saint of famously frugal Scotland, whose citizens hate losing money, and Greece, which is all out of cash, had no problems making people rich. The S&P 500 Index (INDEXSP:.INX) rose 2.8% in November as both it and Dow Industrials (INDEXDJX:.DJI) rose to records. Tesla's (NASDAQ:TSLA) Elon Musk cursed his Space Exploration Technologies' failure to launch on Thursday, when markets were closed anyway (at least nothing caught on fire). That aside, and if Jon Stewart's brother will forgive the phrase, stocks hitting fresh peaks has become The Daily Show. As for Nasdaq (INDEXNASDAQ:.IXIC), it breached 4,000 for the first time since 2000, when we had a president who famously "felt your pain." (And a good thing, too, with Pain Therapeutics (NASDAQ:PTIE) up 24.80% in the past five days alone.) How times have changed - Bernie Madoff, Chairman of Nasdaq during the Clinton boom, now spends his time devouring Danielle Steel behind steel bars. Unfortunately, his reading habits failed to help bookseller Barnes & Noble (NYSE:BKS), which reported a 32% quarterly nosedive in its Nook revenue. And, proving yet again that weather forecasters were created to make economists look good, the Atlantic hurricane season - which "experts" warned us would be cataclysmic - came to a close with barely a whimper.

Speaking of economic events that may move US markets today, September and October construction spending, along with November's Institute for Supply Management manufacturing index, are all released at 10:00 a.m. Eastern. Regarding specific stocks, expect earnings announcements out of Ascena Retail Group (NASDAQ:ASNA), Cooper Tire & Rubber (NYSE:CTB), Krispy Kreme Doughnuts (NYSE:KKD), Shoe Carnival (NASDAQ:SCVL), and Thor Industries (NYSE:THO).

Apache (NYSE:APA): Goldman Sachs starts the stock at a Neutral.

Barracuda Networks (NYSE:CUDA): Barracuda Networks is a new Overweight at JPMorgan. Its price objective on Barracuda Networks, a recent initial public offering, is $25.

CST Brands (NYSE:CST): The company, long known as Corner Store Holdings, is begun with a Buy rating and $40 target price at Mizuho, which cites an improvement in its merchandise margins.

Energy Stocks: MLV & Co's Buys include Martin Midstream (NASDAQ:MMLP), Oiltanking Partners (NYSE:OILT), Rose Rock Midstream (NYSE:RRMS), and Tesoro Logistics (NYSE:TLLP). Among its Holds are Blueknight Energy (NASDAQ:BKEP), Genesis Energy (NYSE:GEL), and NuStar Energy (NYSE:NS).

Millennial Media (NYSE:MM): Millennial Media is an Overweight at Evercore. Millennial Media is a marketing services company.

Twitter (NYSE:TWTR): Something for everyone with Twitter stock today. It is a new Neutral at JPMorgan ($40 target), a Buy at Goldman ($46), and an Underperform at Bank of America-Merrill Lynch ($36.) Twitter went public last month and Goldman, for one, believes it can monetize its robust user growth.

(See also: Stock Upgrades: Untold Riches in eBay's Attic and Stock Downgrades: It's Time for Groupon to Face the Music)
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