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New Stock Coverage: Stock Up on Sovran Self Storage


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

Was it the example of cold-shouldered wedding-ring king Tiffany & Co. (NYSE:TIF), which tumbled 4.42%? (The company is currently sponsoring the US Open but in tennis, as apparently in life, love means nothing.) The separation of Michael Douglas and Catherine Zeta-Jones, who even shared the same birthday, so perfect did they seem for each other? Or perhaps the split between Google's (NASDAQ:GOOG) co-founder and his wife? Whatever the inspiration, Dow Industrials (INDEXDJX:.DJI) decided to decouple from the crisis in Damascus for a day and end up for the first time all week. Fifty years to the day after a black man memorably said "I have a dream," a 2.59% surge in Xerox (NYSE:XRX), headed by an African-American woman who once interned at the tech giant, showed how far we have come, even as it emerged that Wall Street still has so much to do in the area of race relations. Elsewhere diamond seller Zale Corp (NYSE:ZLC) jumped 29.80%, having clearly come a long way from its 1920s roots when the company's novel credit policy promised customers "a penny down and a dollar a week." That Penney (NYSE:JCP) down part is still about right, with the increasingly troubled retailer slumping another 3.11%.

In today's corporate earnings action, Campbell Soup (NYSE:CPB), JA Solar (NASDAQ: JASO), Krispy Kreme Doughnuts (NYSE:KKD), L'Oréal (OTCMKTS:LRLCY), Pall Corp (NYSE:PLL), Pernod Ricard (OTCMKTS:PDRDY), (NYSE:CRM), Signet Jewelers (NYSE:SIG), Splunk (NASDAQ:SPLK), Vivendi (OTCMKTS:VIVHY), and WPP Plc (OTCMKTS:WPPGF) are all due to release results.

ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC): The biotech is begun with a Buy at Lazard, whose price objective is $5.

ServiceNow Inc (NYSE:NOW): Robert W. Baird has a new Neutral, and $52 target price, on a company whose two impressive cloud products are currently balanced out by a relatively hefty valuation of 11 times estimated 2014 revenue.

Sovran Self Storage Inc (NYSE:SSS): The industrial Real Estate Investment Trust is assigned an Outperform at Raymond James.

Stemline Therapeutics Inc (NASDAQ:STML): Jefferies resumes Buy-rated research on the biotech.

Teradata Corporation (NYSE:TDC): Longbow launches the tech name at a Neutral.

Xenith Bankshares Inc (NASDAQ:XBKS): The financial firm is covered with a Market Perform at Keefe Bruyette, whose objective is $6.50.

(See also: Stock Upgrades: AMC Networks Is No Dead Man Walking and Stock Downgrades: Rotten Tomatoes for The Fresh Market)
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