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New Stock Coverage: WidePoint Stock High, Wide, and Handsome


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

Markets had that 1987 feeling all over again as Aeropostale (NYSE:ARO), whose shirts honor the year Wall Street lost its shirt, tumbled 21%, and Russia willfully forgot about the Gipper's successful Berlin admonition of 27 years ago. (To be fair, "tear down this wall" didn't do much for Urban Outfitters (NASDAQ:URBN), which imploded 5.4% after opting to go Without Walls.) Thus did Dow Industrials (INDEXDJX:.DJI) drop for all five days of the trading week, which hasn't happened since our Communist comrades were celebrating May Day in 2012. On Monday, the New York Times (NYSE:NYT) cast aspersions on Bill Ackman by making his Herbalife (NYSE:HLF) campaign its front-page lead story, above Kiev's crisis, Afghanistan, and that missing Malaysian jumbo jet. By Friday, the gray-haired man had his revenge on the Gray Lady as stock in the alleged pyramid scheme plunged 10%. The newspaper's hometown knocked London off its perch as the planet's top financial center. Or centre, as they say in England. (This week we are all British bracketologists. And now I can close my parentheses.) Alas, for the many Manhattanites not quite in the tax bracket of Wall Street tycoons, the news was not quite so sanguine.
Today's quarterly earnings announcements include Harvest Natural (NYSE:HNR), PICO Holdings (NASDAQ:PICO), and Sterling Construction (NASDAQ:STRL).
Guaranty Federal Bancshares (NASDAQ:GFED): Raymond James resumes Outperform-rated research with a price objective of $16.
Installed Building Products (NYSE:IBP): KeyBanc has a Hold on the company.
Nimble Storage (NYSE:NMBL): NMBL is a new Neutral at Longbow.
RingCentral (NYSE:RNG): Shares are begun at Outperform by William Blair.
RPX Corp (NASDAQ:RPXC): Cowen covers the business services stock with an Outperform and assigns it a $20 target price. Catalysts include the prospect for fee-related revenue.
WidePoint Corporation (NYSEMKT:WYY): (Hat tip to a fine film from 1937 film for today's title.) B. Riley has a fresh Buy on the small-cap technical services stock. Its objective is $2.80.

Also see:

Stock Upgrades: Lorillard, Potash Light Up the Joint

Stock Downgrades: Wearing of the Green? It's 50 Shades of Red for Gray Television

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