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New Stock Coverage: Milk Dean Foods for All It's Worth

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

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MINYANVILLE ORIGINAL If America is indeed about to plunge off the economic precipice, we'll do it from an investment landscape that is presently flat as a pancake. Stocks barely budged last week, with Dow Industrials (^DJI) easing off a mere 0.15%.

Grand Canyon Education (LOPE), whose inspiration is aging far more gracefully than the interminable fiscal cliff discussions, advanced 2.8%. Elsewhere Intermec (IN), which makes bar codes, surged 21.73% even as we said a sad farewell to the gadget's inventor. ZAGG Inc (ZAGG), producer of screen protectors for smartphones, jumped 12%, but there is, alas, no protection against stupidity. Witness one Tomasz Paczkowski, who burned himself mistaking his phone for a hot iron.

Earnings announcements expected today include Diamond Foods (DMND), SHFL Entertainment (SHFL), and Stewart Enterprises (STEI).

Alcatel-Lucent (ALU): Shares, upgraded elsewhere today, are initiated with an Overweight at Evercore.

Cepheid (CPHD): Bank of America-Merrill Lynch launches Buy rated research on CPHD.

Dean Foods (NYSE:DF): Morgan Stanley starts an Overweight on America's largest dairy producer, whose shares have surged 58.27% over the past 12 months.

Elephant Talk (ETAK): Ascendiant Capital Markets begins a Buy on the microcap, saying it stands to benefit from high growth rates in mobile telecom due to the rise in mobile Internet usage.

MeetMe (MEET): The stock is a new Outperform at Northland Securities, whose target price is $5.25.

Molycorp (MCP): Goldman Sachs has a new Neutral, and $11 price objective, on the rare earth miner.

Yelp, Inc. (YELP): The Internet outfit is assigned an Equal Weight with Morgan Stanley.

(See also: Stock Upgrades: Travelers on Road to Riches and Stock Downgrades: Apple Falls Further From Money Tree.)
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No positions in stocks mentioned.
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