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New Stock Coverage: Argentina Cries for Arcos Dorados


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

Equities are currently happy as Larry - if Mr. Summers will forgive the phrase - with Dow Industrials (INDEXDJX:.DJI) advancing 3.04% in their strongest weekly showing since January. (As for his Bêtte noire Ms. Midler, she is entitled to a double celebration, as her Twitter hash-bash of the former Harvard president clearly had the desired effect on a company now preparing to go public.) Even bad news was good news, with long-suffering hedge funds inspiring a series of somber nighttime vigils in Greenwich, Connecticut and sending candle-making hometown hero Blyth, Inc. (NYSE:BTH) up some 25.88%. Elsewhere Urban Outfitters (NASDAQ:URBN) nosedived an S&P 500 (INDEXSP:.INX)-worst 9.8%, enough to drive its investors to drink. Well, if not yet then certainly soon. And J.K. Rowling, who gives new meaning to the phrase "welfare queen" - she was once on welfare, and is now richer than the Queen - is about to unleash a new wave of money-making magic.

Arcos Dorados Holding Inc (NYSE:ARCO): Shares are assigned an uninspiring Neutral by Credit Suisse. The Buenos Aires-based company operates over 1,800 McDonald's (NYSE:MCD) restaurants in Latin America.

BE Aerospace (NASDAQ:BEAV): Citigroup starts the stock at a Buy, assigning it an $87 price objective.

Breeze-Eastern Corp (NYSEMKT:BZC): Sidoti establishes the aerospace and defense stock at a Buy.

Cablevision (NYSE:CVC): Shares are a new Buy at National Alliance, whose price target is $22.90. The broker sees underlying value in the company's Lightpath operations.

Endocyte, Inc.(NASDAQ:ECYT): The biotech, fresh from Friday's 7.35% surge, is covered with a Buy at Brean Capital. Its target price is $21.

Regado Biosciences (NASDAQ:RGDO): RGDO gets resumed with a Buy at Canaccord Genuity, whose price objective is $14.

Retail Properties of America (NYSE:RPAI): The diversified Real Estate Investment Trust is covered with a Neutral at Capital One.

(See also: Stock Upgrades: Bristol-Myers Is Just What the Doctor Ordered and Stock Downgrades: Lady Luck Leaving Las Vegas Sands?)
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No positions in stocks mentioned.
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