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New Stock Coverage: Xerox Is Reproducing Its Glory Days


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

Big Ben remains in post-Maggie mourning across the Atlantic, but our own version - whose timekeeping is alas a little less accurate than London's legendary clock - again unleashed a celebration. Mr. Bernanke's meeting minutes, released five hours prematurely, sent stocks to new records. (If one can indeed call the belated details of an event that occurred fully three weeks ago "early," especially in this electronic age of ours.) Margaret Thatcher, the Iron Lady who felt slothful British workers of the 1970s had seen the iron in their blood turn to lead in their arses, would have enjoyed Amgen (AMGN) - which made its name with anemia drugs Epogen and Neupogen - advance 3.79% to an all-time high. Elsewhere investors rode a capital flight from Cyprus, as budget airline EasyJet (PINK:ESYJY) -founded by native son Stelios Haji-Ioannou - surged 4.48% to a fresh 52-week peak on an analyst upgrade.

Today's quarterly earnings announcements are due to include Commerce Bancshares (CBSH), JB Transport Services (JBHT), Pier 1 Imports (PIR), Rite Aid (RAD), and Roche Holding (PINK: RHHCY).

Brown Shoe (BWS): BWS is begun with a Buy at Brean Capital.

Endo Health (ENDP): Shares are a new Neutral at Janney.

General Growth Properties (GGP): BMO Capital has an Outperform on the REIT.

Kraft Foods (KRFT): The stock is a fresh Market Perform with Wells Fargo.

Xerox (NYSE:XRX): The photocopying king, up an impressive 2.05% yesterday, is a new Overweight at Piper Jaffray.

(See also: Stock Upgrades: Adobe About to Jump on Acrobat and Stock Downgrades: Heather Bellini Says Microsoft's Champagne Era Is Over.)
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