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New Stock Coverage: Green Mountain Coffee Not Worth Hill of Beans?


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

MINYANVILLE ORIGINAL On 12/12/12, the mood music of the markets was symmetry in BB-flat. Shares barely budged after Ben Bernanke gave us an interest rate update even as a Cantor tried to make himself heard above the din.

Ludwig Van Beethoven, whose initials adorn the stock symbol of Steinway Musical Instruments (LVB), heard that stock crash 5.27% to a fresh low although a musical concert to benefit the Robin Hood Foundation lifted the mood at Madison Square Garden (MSG), which now has no need to steal from the rich after rising 1.42% to the highest level in its entire history. Operation Twist is history and Wal-Mart (WMT), which arrived on the scene in 1962 when the Twist was big, tumbled 2.75% amid allegations of improper lobbying in India, whose world famous sitar was sadly silenced.

Today's quarterly earnings announcements are expected to include Adobe (ADBE), Ciena (CIEN), Hovnanian (HOV), Pier 1 Imports (PIR), Quiksilver (ZQK), and Verifone (PAY).

AdCare Health Systems (ADK): The small cap is an In-line at Imperial Capital.

Aircastle (AYR): AYR is begun with Buy at Deutsche Bank.

Axis Capital (AXS): Shares are initiated with a Buy at Goldman Sachs.

Biogen Idec (BIIB): The biotech is added to the Conviction Buy List at Goldman.

BE Aerospace (BEAV): Shares are initiated with an Overweight at JPMorgan.

Fast Food: Brinker (EAT) and Burger King (BKW) are both Buys at Citigroup, which has a new Neutral on Buffalo Wild Wings (BWLD).

Food & Beverage: Janney Montgomery Scott starts Annie's Inc. (NYSE:BNNY) at a Sell, begins Inventure Foods (NASDAQ:SNAK) with a Buy, and has new Neutrals on Flowers Foods (NYSE:FLO) Green Mountain Coffee Roasters (NASDAQ:GMCR) ($38 price objective) and Hain Celestial (NASDAQ:HAIN).

Five Below (FIVE): FIVE is a fresh Hold at BB&T Capital.

JetBlue (JBLU): Shares are begun with a Buy at Buckingham, whose target is $7.

Molycorp (MCP): Shares are a new Neutral at Robert W. Baird, whose target is $10.

Western Union (WU): The stock is a new Neutral at Guggenheim.

(See also: Stock Downgrades: Olive Garden Owner Darden Restaurants Evicted From Eden and Stock Upgrades: HSBC Makes Clean Break After Money Laundering)

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No positions in stocks mentioned.
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