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New Stock Coverage: Future Sunny for Sony


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

It was anything but a Manic Monday on Wall Street, with markets moving nowhere fast in desultory trading action, but for David Karp, born the year The Bangles released their best-selling song, Merger Monday was music to his ears. Tumblr's 20-something boy wonder is laughing all the way to the bank after being bought by Yahoo (YHOO) for $1.1 billion. "F*%k yeah!" was his considered reaction to the deal, the air being turned as blue as Marissa Mayer's hair. Ryanair's (OTCMKTS:RYAAY) CEO turned the air blue long ago and his stock just surged 5.33% to the highest level in its history, so maybe there is something to be said for swearing like a drunken sailor. Elsewhere Buffalo Wild Wings (BWLD) jumped 1.18% to a similar all-time best. Yesterday's New Yorker cartoon was clearly on to something.

No top-tier economic data due today, but expect earnings announcements out of Analog Devices (ADI), AutoZone (AZO), Best Buy (BBY), Dick's Sporting Goods (DKS), Home Depot (HD), Medtronic (MDT), NetApp (NTAP), Saks Inc. (SKS), TJX Companies (TJX), and Vodaphone (VOD).

Aetna (AET): Goldman Sachs starts the stock at a Buy.

Bioscrip (BIOS): BIOS is begun with a Buy at Jefferies.

Boise (BZ): Longbow launches Buy-rated research on BZ.

Cray Inc. (CRAY): Shares are initiated with a Buy at Sterne Agee.

LinkedIn (LNKD): The stock gets launched with a Buy at BGC Partners.

PAREXEL (PRXL): ISI Group gives the stock a Neutral rating.

Sony (NYSE:SNE): Jefferies resumes Buy-rated coverage on the Japanese consumer electronics giant, whose shares have gained 48.41% over the past year.

Summer Infant (SUMR): The stock is picked up with an Overweight at Piper Jaffray.

Taylor Morrison Home (TMHC): Shares are initiated with an Outperform and $31 price objective at FBR Capital, which notes its Canadian brand Monarch offers investors impressive diversification.

Toy Stocks: Piper Jaffray assigns Overweights on Hasbro (HAS), LeapFrog (LF), and Mattel (MAT). It has a new Neutral on JAKKS Pacific (JAKK).

World Energy (XWES): Citing the company's energy efficiency platforms, Northland Capital rolls out Outperform-rated research with a price objective of $8.

(See also: Stock Upgrades: American Tower Stands Tall and Stock Downgrades: Carnival Set to Sink.)
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