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New Stock Coverage: Darling International Inc. Feels the Love

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

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This year, The Fall arrived 24-hours before the start of summer. Stocks slumped, with the Dow (^DJI) enduring its worst one-day point decline since November 2011 on fears the Fed is about to turn off its monetary spigot.

Hiding in plain sight amid homegrown worries, however, is a widening worldwide wall of woe. Chinese factory activity falling to a nine-month low should give investors everywhere pregnant pause. An 11.48% implosion in Brazilian air carrier GOL Linhas Aereas Inteligentes (GOL) is symptomatic of the current capital flight from that similarly once-booming BRIC.

And - lest anyone think Athens anxieties have suddenly gone away - Eurotunnel (GRPTF), a stock that symbolically links the continent, tumbled 12%. Adding to the angst, this is a quadruple witching Friday. Clearly anticipating untold "double, double, toil, and trouble," Salem Communications (SALM) slumped 5.91%.

No top-tier economic data due today, but quarterly earnings announcements are expected out of CarMax (KMX), Carnival Corporation (CCL), and Darden Restaurants (DRI) are all due to release results.

Antares Pharma Inc (ATRS): Shares are picked up with an Outperform at Oppenheimer, whose target price is $6.

Burger King Holdings, Inc. (BKW): Wells Fargo covers the company, recently trading at post-initial public offering peaks, at a Market Perform.

Cimarex Energy Co (XEC): Bank of America-Merrill Lynch launches Neutral-rated coverage.

Darling International Inc. (DAR): The waste management outfit is begun with a bullish Outperform at Wedbush.

Gartner Inc. (IT): Stifel starts the stock at a Buy.

Intercept Pharmaceuticals Inc (ICPT): Oppenheimer has an Outperform opinion and $60 price objective on a company it calls an emerging player in the treatment of liver diseases.

Ironwood Pharmaceuticals, Inc. (IRWD): Credit Suisse assigns an Outperform on IRWD.

Merck KGaA (MKGAY): The German company - a separate entity from America's Merck & Co., Inc. (MRK) - gets started with a Sell at Goldman Sachs.

Oil Stocks: Dual Dow (^DJI) components Chevron Corporation (CVX) and Exxon Mobil Corporation (XOM) are each established with Outperforms at Wells.

Palatin Technologies, Inc. (PTN): Piper Jaffray picks PTN up at an Overweight.

Renewable Energy Group Inc (REGI): REGI is resumed with an Outperform at Wedbush.

The Wendy's Co (WEN): The fast food firm is a fresh Market Perform with Wells Fargo.

(See also: Stock Upgrades: Facebook Inc Enjoys Its 15 Seconds of Fame and Stock Downgrades: What Ails Guinness Maker Diageo plc?)
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.

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