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New Stock Coverage: AT&T Not Making Money Talk


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

MINYANVILLE ORIGINAL Markets made money without losing their sense of humor. Shares advanced for a second straight week even as the NYSE tempted fate by asking a group of Greeks to bring trading to a close. Athens continues to panhandle for funds, however, and can only afford to do so with the humble native coffee cup designed by the marvelously named Mr. Buck. Starbucks (SBUX) at seven bucks remains well out of reach for our continental cousins, especially after its stock soared 13% in November. On this side of the Atlantic fiscal cliff concerns continued apace, with Senate Minority Leader Mitch McConnell calling the discussions "almost comical," a turn of phrase one Bazooka Joe wouldn't have appreciated.

Today in economics, October construction spending and the Institute for Supply Management's November manufacturing survey are each out at 10:00 a.m. Eastern. In earnings action, Geospace Technologies Corporation (GEOS), Korn/Ferry International (KFY), and The Pep Boys – Manny, Moe & Jack (PBY) are all expected to report results.

AT&T, Inc. (NYSE:T): Evercore assigns a lukewarm Equal Weight rating on the telecom titan, a key Dow (^DJI) component.

Banco Santander Mexico (BSMX): Shares are begun with an Equal Weight at Barclays.

Lululemon Athletica (LULU): The yoga clothing company is launched with a Buy at Canaccord Genuity.

Stellus Capital (SCM): Robert W. Baird starts Outperform rated research, assigning a price objective of $16. Catalysts include an experienced management team and solid balance sheet.

(See also: Stock Downgrades: Smucker Is in a Real Jam and Stock Upgrades: Dell Back From the Dead?)
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