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: First Solar, Inc. Basks in Summer Sun


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

When one of Wall Street's most watched Fed whisperers predicts a dove and we instead get a hawk, there's your black swan. Stocks slumped for a fourth week in five as Ben Bernanke disappointed investors everywhere. Adding insult to injury for the central bank chief, who was fired with a Rose, he had to endure 1-800 Flowers (FLWS) bucking a brutal tape to surge 8.27%.

The wonder kids of Facebook (FB) rode bullish research to advance about 4% but Men's Wearhouse (MW) saw its aging CEO unceremoniously shuffled off center stage on a Zimmer frame. And as death came far too soon for an American icon in Italy, elsewhere in the old country a prominent pair fared less well in their attempts to avoid life's other certainty.

There are no top-tier economic reports or earnings announcements expected today, although the pace of each will pick up notably as the week progresses.

Blackstone Mortgage Trust Inc (BXMT): Citigroup begins Buy-rated research on BXMT.

CECO Environmental Corp. (CECE): The stock is covered with a Buy opinion and $15 price target at Needham, which notes its strong bookings, order backlog and acquisition strategy.

ChannelAdvisor Corp (ECOM): Shares are assigned an Outperform rating and $21 price objective by BMO Capital Markets, which cites five quarters in a row of 20% to 30% growth amid a favorable competitive backdrop.

First Solar, Inc. (FSLR): The alternative energy outfit - which is upgraded elsewhere today - gets initiated with an Overweight at JPMorgan on this, the first full week of summer. Shares are, accordingly, up about 1.5% in an overall weak market as I write.

KNOT Offshore Partners LP (NKOP): Citi launches the limited partnership at a Buy.

Moneygram International Inc (MGI): Morgan Stanley starts the stock at Equal-Weight.

Pfizer Inc. (PFE): JPMorgan has a new Overweight on the Dow (^DJI) member.

Sherwin-Williams Company (SHW): UBS picks up the paint stock at a Buy.

Taylor Morrison Home Corp (TMHC): Goldman Sachs has a new Neutral on the real estate name.

The Coca-Cola Company (KO): The Dow component is covered with a Buy at SunTrust.

Toll Brothers Inc (TOL): The luxury homebuilder gets begun with a Buy at Goldman.

(See also: Stock Upgrades: Chiquita Brands International Inc Won't Drive You Bananas and Stock Downgrades: Slap in the Face for Botox Maker Allergan, Inc.)
< 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