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New Stock Coverage: First Solar, Inc. Basks in Summer Sun

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

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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.)
No positions in stocks mentioned.
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