Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Papa Murphy's Is Your Sugar Daddy


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

Mamma mia. Between Papa Murphy's (NASDAQ:FRSH) and its fellow pizza powerhouse Papa John's (NASDAQ:PZZA), investors could be forgiven for asking "Who's your daddy?" The former, today's headline analyst initiation, went public on May 2. It priced 5.83 million shares at $11 per pop, and on Friday the stock closed up 3.20% to finish at $42.55. Today a slew of bullish brokers begin coverage. They hail the company's strong same-store sales, comparatively stable income stream, and impressive franchise expansion.
Prince Rupert Lewis Ferdinand Frederick Constantine Lofredo Leopold Herbert Maximilian Hubert John Henry du Loewenstein sadly left us last week. But not before The Rolling Stones' money manager inspired investors to go suitably long on stocks. Precious Stones and a Ruby Tuesday sent Tiffany (NYSE:TIF) surging 6.8% to a historic high as equities overall scaled fresh bests. Life Time Fitness (NYSE:LTM), whose CEO is proud Persian Bahram Akradi, jumped 11.50%. That should make him mighty Happy and want to move like Jagger, but, hey, in Iran you never know. They tend not to treat their business tycoons at all well over there. Swing Out sister showed just how far we've come from Lehman Brothers, for it is indeed Better to Travel than to arrive after Dow Transports(INDEXDJX:DJT) took its three-month increase to 9.3%, and TripAdvisor (NASDAQ:TRIP) advanced 15% in topping the entire S&P 500 (INDEXSP:.INX). That British band released its album in 1987, and the Dow's (INDEXDJX:.DJIannus horribilis continues to bring back bad memories for an unloved Aeropostale (NYSE:ARO) after it tumbled 23%.
Today in economics, an improvement is expected in the Conference Board's May consumer confidence index at 10:00 a.m. EDT. On the corporate front, expect earnings announcements out of AutoZone (NYSE:AZO), JinkoSolar (NYSE:JKS), Qihoo 360 Technology (NYSE:QIHU), Scotiabank (NYSE:BNS), and Workday (NYSE:WDAY).
Now let's turn to this morning's new stock coverage, a list that includes travel and financial firms in addition to Papa Murphy's.

Aegerion Pharmaceuticals (NASDAQ:AEGR): Shares are tumbling 2.08% as we speak after getting assigned a Sell at Goldman Sachs, whose target price is $27.

Ares Management (NASDAQ:ARES): RBC Capital resumes Outperform-rated research and a $23 price objective on a stock it says can benefit from an attractive business model.
Burger King Worldwide (NYSE:BKW): The fast food firm is a fresh Equal-Weight at Morgan Stanley.
Papa Murphy's: Jefferies (Buy with a $15 target), Robert W. Baird (Outperform with a $13 target), and William Blair (Outperform) are all equally upbeat on today's headline equity.
Sabre (NASDAQ:SABR): The online travel outfit is begun with Buys at both Deutsche Bank and Jefferies. Evercore, at Overweight with a $21 objective, is every bit as bullish.
Transenterix (NYSEMKT:TRXC): Shares, which surged 7.69% on Friday, are a fresh Outperform ($6 target) at RBC Capital, which says the firm ultimately stands to benefit from increased use of robotic surgery.

Also see:

Stock Upgrades: Time to Adopt the Cisco Kid

Stock Downgrades: AstraZeneca Cools Footsie as Pfizer Gets Cold Feet
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos