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New Stock Coverage: Has Whole Foods Become Spoiled?


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

Lonely Planet is sold for peanuts and the Harlem Globetrotters go off the rails; these are indeed days when the world suddenly seems uncomfortably small. Case in point, Cyprus, events on whose distant shores sent Wall Street awash in a tide of red for a third straight session.

An unholy trinity, then, greeted the pope's inauguration, and an 8.19% implosion in Cardinal Health (CAH) won't have been warmly received at the Vatican. Especially with Goldman Sachs (GS), which claims to do "God's work," sending Cliffs Natural Resources (CLF) down a devilish 6.6% after cutting its numbers on the ailing iron ore outfit.

At least there was a heavenly showing out of Hain Celestial (HAIN), which surged 6.67% on an analyst upgrade. The company's calming chamomile tea claims quiet, tranquil souls like, er, Jim Cramer among its fans. Hopefully the Mad Money host doesn't also indulge in equally Zen pursuits such as yoga. Imagine how animated he might be if he owned shares of an unloved Lululemon Athletica (LULU).

The Federal Open Market Committee today concludes its two-day policy meeting, with an interest rate announcement expected at the new time of 2:00 p.m. Eastern. On the corporate front, FedEx (FDX), General Mills (GIS), Guess (GES), Jabil Circuit (JBL), Lennar (LEN), and Oracle (ORCL) are all due to announce earnings.

Amarin (AMRN): Shares are a new Neutral at Chardan Capital Markets, whose price objective is $8.50. The company's challenges include possible generic competition.

Best Buy (BBY): Another day, another bullish research recommendation on the resurgent retailer, this morning resumed with an Outperform at Credit Suisse. Shares are currently adding to gains before the bell.

Cardinal Health (CAH): The stock, a poor performer yesterday, is picked up with an Overweight at JPMorgan.

Charter Communications (CHTR): Atlantic Equities has an Overweight on the stock, a stellar performer this week.

Grocers: Raymond James rolls out a Strong Buy recommendation on The Fresh Market (NASDAQ:TFM). It assigns a less bullish Market Perform on its more upscale competitor Whole Foods (NASDAQ:WFM), whose gourmet groceries are often said to cost your "Whole Paycheck."

Network Security Stocks: Mizuho has a fresh Buy and $28 price objective on Fortinet (FTNT), which stands to benefit from increased use of virtualization and cloud-based services. It is less upbeat on Palo Alto Networks (PANW), establishing it at a Neutral.

Pharmacyclics (PCYC): Morgan Stanley starts the stock at Equal-Weight.

PVH Corp. (PVH): The fashion firm formerly known as Phillips-Van Heusen is a fresh Neutral at JPMorgan.

Sarepta Therapeutics (SRPT): William Blair begins the biotech at Outperform.

Williams Partners (WPZ): The limited partnership is launched with a Neutral at UBS.

Zoetis (ZTS): The animal health outfit, a recent spin-off from Pfizer (PFE), is a new Neutral at Credit Suisse

(See also: Stock Upgrades: BlackBerry Is All Green Thumbs and Stock Downgrades: Zynga Is in the Doghouse.)
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