Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: 3D Systems Second to None


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

Japan's Nikkei (INDEXNIKKEI:NI225) was closed Monday on account of Respect for the Aged Day but, as befitted the most popular birth-date all year, September 16 saw the market embark upon the mother of all bull markets. Dow Industrials (INDEXDJX:.DJI) again advanced by triple digits despite yet another trading glitch, this time involving the options feeds from exchanges including Bats Global Markets. They know all about bats in Austin of course, and yesterday hometown hero Whole Foods (NASDAQ:WFM) hit a historic high after increasing for an astonishing twelfth straight session. Whatever produce is being purchased in its expensive aisles, Apples (NASDAQ:AAPL) are obviously excluded. Shares slumped an S&P 500 Index (INDEXSP:.INX)-worst 3.18% in continuing their post-iPhone announcement funk. Adding to its angst, arch enemy Adobe (NASDAQ:ADBE) reached a fresh peak. Elsewhere Bill Gates and Warren Buffett again topped the rich list, but the billionaires were probably too busy playing bridge to care.

Today in Washington, DC, the Federal Open Market Committee starts its two-day policy meeting on interest rates. In earnings action, Adobe, Coty Inc. (NYSE:COTY), FactSet Research Systems (NYSE:FDS), and Prada (OTCMKTS:PRDSY) are all expected to release results.

Albany International (NYSE:AIN): DA Davidson starts the textile stock with a Buy rating and $43 target price, citing its healthy cash flow and proprietary composite technology.

Auxilium Pharmaceuticals (NASDAQ:AUXL): Goldman Sachs has a fresh Buy on the biopharmaceutical firm.

Envision Healthcare Holdings (NYSE:EVHC): The stock is a new Overweight at Piper Jaffray, whose target is $32.

ExOne Company (NASDAQ:XONE): Credit Suisse covers the diversified machinery outfit at Underperform, assigning it an objective of $48.

Franklin Covey (NYSE:FC): Shares are established with a Buy recommendation and $23 price target at B. Riley & Co., which cites both strong growth and high margins.

MGIC Investment (NYSE:MTG): JMP Securities starts the insurance outfit at a Market Perform.

Rally Software Development (NYSE:RALY): RALY is resumed with a Buy rating and $38 price objective at Wunderlich, which highlights its highly recurring revenue model.

Residential REITs: Real Estate Investment Trusts Dynex Capital (NYSE:DX) and Hatteras Financial (NYSE:HTS) are each begun with Buys at MLV & Co, whose respective price objectives are $9 and $21. Attractive valuations, allied to relatively high dividend yields, are among the favorable factors.

3D Systems Corporation (NYSE:DDD): The 3D printing powerhouse, whose shares have surged 90.15% in the past year, is advancing further ahead of the open after getting picked up with an Outperform at Credit Suisse. Its price target is $62.

(See also: Stock Upgrades: Church & Dwight Provides Portfolio Protection and Stock Downgrades: Fifth Third Is at Sixes and Sevens.)
< 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.
Featured Videos