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New Stock Coverage: Rock-Tenn, Paper Stock, Beats Scissors


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

A day that began with Wall Street observing a moment of silence ended with money talking most eloquently, as Dow Industrials (INDEXDJX:.DJI) again showed the enduring resilience of American enterprise. Blue chips posted a third straight session of triple-digit gains although Apple Inc. (NASDAQ:AAPL) fell far from the money tree, dropping an S&P 500 (INDEXSP:.INX)-worst 5.44% on a trio of ratings reductions. (A penny for the thoughts of Eliot Spitzer on such synchronized bearishness, on the very day he licked his electoral wounds. After all, in the ultimate irony, New York's ex-Attorney General made his name going after excessively optimistic analysts during the dot-com days.)

Hardware distributor Synnex (NYSE:SNX) surged 20.05%, but Restoration Hardware (NYSE:RH) imploded 11.86%. It was founded in 1979, the year International Business Machines (NYSE:IBM) -- up 2.20% yesterday to best all blue chips -- was most recently added to the Dow. Maybe what happened 34 years ago really does resonate to this day. Elsewhere, International Paper (NYSE:IP) announced the closing of its biggest paper mill, and telecom titan Nokia (NYSE:NOK), which began life as a pulp firm in the snowy forests of Finland in 1865, advanced another 5.12% on multiple broker boosts.

In today's earnings action, Brady Corp (NYSE:BRC), Kroger (NYSE:KR), Lululemon Athletica (NASDAQ:LULU), NetSol Technologies (NASDAQ:NTWK), and Ulta Salon (NASDAQ:ULTA) are all due to report results.

Aqua America (NYSE:WTR): Calling the company an attractive way to play on America's secular water infrastructure repair and replacement cycle, Ladenburg Thalmann launches Buy-rated coverage. Its target price is $28.

ASML Holding (NASDAQ:ASML): Shares get reinstated with a Conviction Buy rating at Goldman Sachs.

Online Travel: Janney assigns new Neutrals on Expedia (NASDAQ:EXPE) and (NASDAQ:PCLN).

Nektar Therapeutics (NASDAQ:NKTR): Cowen covers the company at Outperform. Its price objective is $17.

Neostem (NASDAQ:NBS): The biotech is begun with a Buy at MLV & Co, whose objective is $16. Its principal product candidate, AMR-001, can conceivably address a $2 billion market opening for acute myocardial infarction.

Rock-Tenn Company (NYSE:RKT): The paper and packaging powerhouse, whose shares have surged some 77.54% in the past year, is resumed with an upbeat Outperform at Wells Fargo. (NASDAQ:TREE): Needham has a new Buy on the mortgage investment name.

WesBanco, Inc. (NASDAQ:WSBC): Shares get picked up with a Neutral at Guggenheim, whose target is $33.50.

(See also: Stock Upgrades: Zynga Can Draw Comfort From Wall Street and Stock Downgrades: Is Netflix Revenue Stream Up a Creek?)
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