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New Stock Coverage: If It's Tuesday, This Must Be Belgium for Netflix


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

A cross-continental comedy caper, readily available on Netflix (NASDAQ:NFLX), was called If It's Tuesday, This Must Be Belgium. This Tuesday, the video-streaming giant gets a broker boost on account of its impressive international outlook. The analyst says Netflix, the top S&P 500 (INDEXSP:.INX) stock of 2013, has underappreciated prospects overseas and believes that an upcoming worldwide expansion justifies its premium multiple.
With due deference to Pershing Square, a decidedly dull day that had investors going around in circles was rescued by a cube. Not Rubik's Cube, although Google's (NASDAQ:GOOG) doodle was worthy of a mention. But rather Apple's (NASDAQ:AAPL) Big Apple cube, whose eighth anniversary evidently inspired that stock, suddenly back above $600, to a 1.18% advance in as tech equities rebounded. Business people broke out their A-Z atlas of London as that city beat out New York as the epicenter of finance, but the English capital's unloved AstraZeneca (NYSE:AZN) tumbled 12.01% after rebuffing midtown Manhattan Dow (INDEXDJX:.DJI) component Pfizer (NYSE:PFE). And it hit the Fan at Deutsche Bank (NYSE:DB), which dropped 1.21% after an analyst downgrade.
There aren't any top-tier economic data due today, but expect quarterly earnings announcements out of Home Depot (NYSE:HD), Dick's Sporting Goods (NYSE:DKS), and Staples (NASDAQ:SPLS).
Now let's turn to this morning's new stock coverage, a list that includes a current fashion darling in addition to Netflix.

Ally Financial (NYSE:ALLY): Barclays (Overweight with a $28 target price) and Morgan Stanley (Overweight and $30) are equally upbeat, but Goldman Sachs (Neutral and $26) advises greater caution.
Aruba Networks (NASDAQ:ARUN): Imperial Capital covers the company at an Outperform and establishes a price objective of $23.
CyrusOne (NASDAQ:CONE): Shares are initiated with a Buy at UBS, whose target is $24.
Lombard Medical (NASDAQ:EVAR): Barclays begins the equity at Overweight.
Lukoil (OTCMKTS:LUKOY): The stock is launched with an Outperform and $66 price target at Credit Suisse.
Michael Kors (NYSE:KORS): The clothing and accessories outfit is a new Buy ($117 price objective) at Topeka Capital Markets, which cites good earnings growth and a global expansion.
Netflix: Shares are begun with a Buy at Topeka Capital Markets, whose price objective is $421.
Starwood Property Trust (NYSE:STWD): Goldman gives the stock a Buy rating. Its target is $25.

Also see:

Stock Upgrades: Carnival Catches a Wave

Stock Downgrades: Even 'America's Mayor' Can't Save LifeLock
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No positions in stocks mentioned.
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