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New Stock Coverage: Kite Realty Group Trust Can Fly High


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

On what was, from Berlin to the Caribbean Basin, a banner day for Communists, capitalism finally struck back. Stocks snapped a two-session slide, with ironic thanks to encouraging developments out of Red China, where Mao's Great Leap Forward continued with Shanghai shares hitting their highest level since the last day of spring. Way back when, of course, we went to war with Hanoi over ideology, and the Vietnamese gentlemen who have just emerged from the jungle after 40 years will find the modern world utterly preserved in aspic.

Stagnant growth and an icy relationship with Russia are still with us. Indeed, even that 1970s "Nifty Fifty" darling Xerox (XRX) is back in favor, riding a research recommendation to jump 3.35%. Elsewhere, Apple Inc. (AAPL), the Xerox of its era, advanced 4.75%. Investors obviously opted to ignore the serious concerns of Oracle's (ORCL) Larry Ellison - a man who knows a thing or two about technology - and listen instead to a Twitter neophyte now in his 78th year.

Today's quarterly earnings announcements are expected to include Agilent Technologies (A), Cisco Systems (CSCO), Deere (DE), Dick's Sporting Goods (DKS), JinkoSolar (JKS), Macy's (M), NetApp (NTAP), NetEase (NTES), and Portugal Telecom (PT).

Acura Pharmaceuticals (ACUR): The small cap stock is begun with a Buy recommendation and $4 price objective at MLV & Co, which highlights its potential hydrocodone/acetaminophen products.

AthenaHealth (ATHN): KeyBanc Capital Markets has a Hold on the business services stock.

Dresser-Rand (DRC): Shares are resumed with an Outperform at Raymond James.

EnCana (ECA): The Canadian oil company gets assigned an Accumulate at Global Hunter Securities.

Health Care Information: Something for everyone at KeyBanc, which covers MedAssets (MDAS) at Hold, begins a Buy on Cerner (CERN), and establishes an Underweight on Quality Systems (QSII).

KEYW Holding (KEYW): Chardan Capital Markets rolls out Neutral-rated research. Risk of further reductions in Department of Defense spending prevents them from becoming more constructive on the stock.

Kite Realty Group Trust (KRG): Shares are set an upbeat Overweight at Evercore.

Spectranetics (SPNC): JPMorgan starts the medical appliance and equipment equity at an Overweight.

WisdomTree Investments (WETF): The asset manager is rated a lukewarm Neutral at Susquehanna.

(See also: Stock Upgrades: Hovnanian Enterprises, Inc Laughing All The Way to Red Bank and Stock Downgrades: Delta Air Lines, Inc. Is No Longer Delivering Alpha.)
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No positions in stocks mentioned.
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