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New Stock Coverage: Mo' Money, No Problems for MoSys


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

The Dow (^DJI), down in seven of the past eight Junes, surged to start the star-crossed month with its best gain in weeks. In the words of Henry Ford (F) - whose car company just jumped 1.34% to a multi-year peak in a roaring auto sector - "History is bunk."

The ebullience in equities was such that even Yum Brands (YUM) gained 1.86%, this as an employee at its Taco Bell unit was photographed licking his customers' food. (A salient reminder that one should never confuse the health of a company with that of its stock.)

Across the Atlantic, headlines in Athens continued to be bleak, with National Bank of Greece (NBG) nose-diving an NYSE-worst 15.24%. Still, one must admire the natives' inadvertent attempts to enliven ever more depressing newscasts.

Today's quarterly earnings announcements are due to include American Woodmark (AMWD) and Dollar General (DG).

American Residential Properties (ARPI): Morgan Stanley starts the stock at Overweight.

AthenaHealth (ATHN): Goldman Sachs assigns a Neutral on ATHN.

Cerner (CERN): The information technology outfit gets begun with a Buy at Goldman Sachs.

Emerge Energy Services (EMES): Shares are set a Buy at Citigroup.

Ethan Allen Interiors (ETH): The furniture firm is a fresh Buy at Dougherty.

Intersil (ISIL): Piper Jaffray starts the semiconductor stock at an Overweight.

LSI Corporation (LSI): Longbow launches LSI at a Buy.

MoSys, Inc. (NASDAQ:MOSY): The integrated circuits outfit is initiated with a bullish Buy at Roth Capital.

PennyMac Financial (PSFI): Shares are picked up with a Neutral at Bank of America-Merrill Lynch.

RPM International (RPM:) The specialty chemicals company is a new Neutral at Robert W. Baird, whose target price is $36. A domestic commercial construction snap back should be a boost, but shares appear appropriately valued at current levels.

SeaWorld Entertainment (SEAS): Wells Fargo establishes the recent initial public offering at Outperform.

Valspar (VAL): Robert W. Baird begins Neutral-rated research and an $80 target price on the company.

(See also: Stock Upgrades: Happy Headlines at USA Today Owner Gannett and Stock Downgrades: Railing Against Canadian Pacific.)
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