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New Stock Coverage: Sabre Continues Rattling Cages


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

Stock in online travel outfit Sabre Corp (NASDAQ:SABR), up 4.22% yesterday, may show further strength today after being assigned an upbeat analyst initiation. The company, which owns Travelocity, went public on April 16 at $16 per share and most recently closed at $17.80.
So whose bright idea was it to have a company called "Toro" ring the closing bell? Doing so was like, well, raising a red flag to a bull. Thus did the stock market, hitherto on a record run encompassing four straight up sessions, duly end down after a late swoon. Among equities on the move, Medtronic (NYSE:MDT) fell 0.43% after concluding a kickback case for $9.9 million, and shoe stock DSW Inc. (NYSE:DSW), which does a fine line in Nine West pumps, tumbled 27.37% to a fresh trough. Alas, Hans and Franz are now in absolutely no position to pump you up after gym giant Nautilus (NYSE:NLS) gapped down 6.59% on a rating reduction. Faring far better was Twitter (NYSE:TWTR), which advanced 10.69% after an analyst increase. Its new real-time charts are topped by John Mayer's "XO," but the fate of XO Group (NYSE:XOXO) was sealed with a kiss when it slid 2.78%. And speaking of Kiss, all of Paul Stanley's plastic surgery was in vain after Botox owner Allergan (NYSE:AGN) imploded an S&P 500 (INDEXSP:.INX)-worst 5.39%.
Today at 10:00 a.m. EDT, April pending home sales are expected to contract from the prior month's pace. In earnings action, expect announcements out of Abercrombie & Fitch (NYSE:ANF), Costco (NASDAQ:COST), Express Inc. (NYSE:EXPR), Lions Gate Entertainment (NYSE:LGF), and Splunk (NASDAQ:SPLK).
Now let's turn to this morning's new stock coverage, a list that includes a commodity company in addition to Sabre Corp.

Atmel (NASDAQ:ATML): Imperial Capital covers the company at Outperform and assigns it a $10 target price.
Chambers Street Properties (NYSE:CSG): Shares are initiated at Outperform with Wells Fargo.
ExamWorks (NYSE:EXAM): Deutsche Bank begins Buy-rated research. Its price objective is $38.
Royal Gold (NASDAQ:RGLD): The stock is started with an Overweight at Morgan Stanley, whose target is $77.
Sabre Corp: Today's headline analyst initiation is established with an upbeat Outperform by Sanford Bernstein. The price objective is $21.
Scynexis (NASDAQ:SCYX): RBC Capital has an Outperform opinion and $17 objective on a company it says has promise in the systemic fungal infection arena.
Stone Energy (NYSE:SGY): Shares get begun with a Buy and $56 price target at Brean Capital, which cites accelerating Marcellus shale production among other favorable factors.
Total S.A. (NYSE:TOT): Jefferies has a Hold on the French energy giant.
Also see:

Stock Upgrades: The Beat Goes On at Apple

Stock Downgrades: More Misery for Manchester United
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No positions in stocks mentioned.
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