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New Stock Coverage: Five Years After 'Miracle,' US Airways Tries to Fly High


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

Strictly speaking, we can't claim that our government has done nothing this week. After all, the Feds - finally turning their hands to a matter they know something about - did reimburse that poor chap after forensically examining the $500 that passed through his pooch's feces. But on the big stuff, Washington continues to be found lacking. Thus it was that the DC shutdown sent Dow Industrials (INDEXDJX:.DJI) down for a second straight session. Admittedly, amid the mayhem some equities did turn water into wine. Not least Primo Water (NASDAQ:PRMW), up 3.96%, and world's largest winemaker Constellation Brands (NYSE:STZ), which gained 3.24%. But against a backdrop of (Jack) Welch's (sour) grape juice - the businessman has now dissed both Republicans and Democrats in equal measure - investors elsewhere found plenty to whine about.

Trading was murder on Orient-Express (NYSE:OEH), which imploded 4.77% on the eve of this, an iconic date in its history. And Eli Lilly (NYSE:LLY) lost 3.44% on emerging market issues. It really needs the FDA to speed up drug approvals, but they are too busy spending a king's ransom to better "understand" social media. With Facebook (NASDAQ:FB) tumbling 2.18% on a rating reduction, now's really not the time.

September's employment report, originally due for release at 8:30 a.m. Eastern, has been postponed due to the government shutdown. In earnings action, Taiwanese smartphone provider HTC Corporation (OTCMKTS:HTCKF) announced its first ever quarterly loss earlier today. Here at home, sandwich shop Potbelly (NASDAQ:PBPB) is expected to start trading this morning after pricing its initial public offering at $14 per share.

Campus Crest Communities (NYSE:CCG): The company is covered with a Buy rating and $13.50 price objective with Wunderlich.

Carnival Corporation (NYSE:CCL): SunTrust rolls out Reduce-rated coverage on the troubled cruise company.

Cole Real Estate Investments (NYSE:COLE): Shares are an Outperform at FBR Capital, whose target price is $14 amid impressive earnings growth.

Diageo (NYSE:DEO): The Guinness maker gets assigned an upbeat Add at Numis.

Healthcare Trust of America (NYSE:HTA): Wunderlich has a Buy and $12.50 target on a company it says stands to benefit from the Patient Protection and Affordable Care Act.

JDS Uniphase (NASDAQ:JDSU): Shares are set Equal Weight at Evercore, whose objective is $17.

MiMedx Group (NASDAQ:MDXG): The medical equipment and appliance outfit is initiated with a Buy rating and $6 target at Canaccord Genuity.

Omnicare (NYSE:OCR): KeyBanc Capital covers the company at a Buy.

21st Century Fox (NASDAQ:FOXA): The media and entertainment titan is a new Overweight at JPMorgan.

US Airways Group Inc (NYSE:LCC): The aviation outfit indelibly associated with Captain Chesley "Sully" Sullenberger's Hudson heroics almost five years ago is assigned an upbeat Outperform at Imperial Capital. Shares surged 3.23% yesterday even amid a remorseless tide of red ink elsewhere. (Note that the stock also received a ratings reduction this morning.)

Vale S.A. (NYSE:VALE): Barclays begins the Brazilian commodity company at an Underweight. Its price objective is $13.

(See also: Stock Upgrades: Exxon Mobil, OpenTable, and Moneygram International and Stock Downgrades: Wynn Resorts, Tesoro, and Cepheid.)
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