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New Stock Coverage: Goldman Guarantees You're Going to Like Men's Wearhouse


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

The witching hour, recently so good in the Apple (NASDAQ:AAPL) garden, turned evil again as the threat of a government shutdown at midnight on Monday, September 30, sent Dow Industrials (INDEXDJX:.DJI) down for a fourth straight session. Apple itself, having just turned back the clock 30 years to retrieve Steve Jobs' time capsule, ended off as it became increasingly apparent that what allegedly occurred a mere four days ago may not have been quite what it seemed. If Fed official William C. Dudley, speaking on CNBC, helped send stocks lower on Monday, Tuesday was the turn of James C. Penney (NYSE:JCP). That middle initial stands for Cash, ironically, but the retailer is fast running out of it, falling a further 3.72% to lows last seen in January 2001. Cypress Semiconductor (NYSE:CY) fell 14.87%, this as we were reminded that Cyprus remains a real problem even as events elsewhere temporarily push it off the front page. That money laundering paradise has been called "a sunny place for shady people" but, what with global warming, these days even rainy London can melt Jaguars with its office towers. At least the car company's owner finds itself similarly on fire; a broker boost saw Tata Motors (NYSE:TTM) buck a bad tape to end up 1.46%.

Today in economics, analysts anticipate an uptick in August new home sales at 10:00 a.m. Eastern. In earnings action, quarterly announcements are expected out of AutoZone (NYSE:AZO), Bed Bath & Beyond (NASDAQ:BBBY), and Jabil Circuit (NYSE:JBL).

Air Products (NYSE:APD): The chemicals company is covered with a Neutral at UBS, whose price objective is $110.

DSW Inc. (NYSW:DSW): Goldman Sachs starts the footwear firm formerly known as Designer Shoe Warehouse with a Neutral and assigns it an $87 target price.

Cirrus Logic (NASDAQ:CRUS): The specialized semiconductor stock is a new Market Perform at Northland Capital, whose target is $26.

Facebook (NASDAQ:FB): The stock, trading at historic highs, is begun with a Buy rating and $60 objective at Canaccord Genuity. Mobile and Instagram monetization efforts offer promise, the bank believes.

HealthStream (NASDAQ:HSTM) Northland has a new Outperform on the Internet information provider.

Men's Wearhouse (NYSE:MW): George Zimmer, the clothing firm's founder famous for his guarantees, is gone but Goldman Sachs still starts the stock at a Buy.

(See also: Stock Upgrades: Cash America Can Make You a Pawn Star and Stock Downgrades: Carnival Corporation Is in Deep Ship.)
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