Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Is Noodles & Co Already Pasta Its Peak?

By

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

PrintPRINT
The S&P 500 (^GSPC) hit yet another historic high, but let's face it -- yesterday's closing bell couldn't compete with a town crier's chimes across the Atlantic announcing a regal birth. (The Feds are surely already investigating suspiciously-timed surges in Royal KPN (KKPNY), up 11.11%, and bebe (BEBE), a 12.15% gainer.) As a future king arrived on the scene, Mr. Mervyn appropriately enough became King for a day in the House of Lords, adding to the feel-good factor. Horse racing is, of course, called "the sport of kings," and the English woman who recently allowed her mare to defecate in McDonald's (MCD) offered an eerily accurate assessment of their awful earnings. Shares tumbled a Dow (^DJI)-worst 2.68%, with investors opting to sell only after the unfortunate animal had bolted. Britons love of our furry friends is legendary, and probably propelled a 13.63% increase in PetMed Express (PETS) to a fresh 52-week peak. Meanwhile Microsoft (MSFT), Friday's dog of the Dow, returned to the catbird seat on Monday, advancing 1.94% to best all blue chips.

A quite quiet week in economics continues, with no top-tier data due this morning. By contrast, this is the single busiest spell for Q2 earnings announcements, with Altria (MO), Apple (AAPL), AT&T, Inc. (T), Broadcom (BRCM), Discover Financial Services (DFS), DuPont (DD), Electronic Arts (EA), Travelers (TRV), United Parcel Service (UPS), and United Technologies (UTX) all among companies reporting results today.

Aetna (AET): Saying it sees the stock as a lower risk, higher reward investment among its managed care industry peers for the first full year of the Affordable Care Act, Stifel starts Buy-rated research. Its price objective is $80.

Applied Materials (AMAT): Berenberg has a Hold on the tech name.

Broadsoft (BSFT): BSFT is begun with a Market Perform at Wells Fargo.

Buffalo Wild Wings (BWLD): The fast food firm is a fresh Buy with Wunderlich, whose price target is $117. Over the past half decade, the company has averaged impressive annual earnings per share growth of 23%.

Charter Communications (CHTR): Credit Suisse establishes an Outperform on CHTR.

Coty Inc (COTY): COTY is covered at Overweight by JPMorgan.

Guaranty Bancorp (GBNK): Shares are resumed with a Perform rating and $13.50 target price at FBR Capital, which notes a low interest rate environment could cap potential gains.

Lam Research (LRCX): RBC Capital covers the company at Outperform.

Noodles & Co (NDLS): The recent initial public offering, on a rocket to the moon of late, is today assigned a lukewarm outlook at Bank of America-Merrill Lynch (Neutral), Jefferies (Hold), Morgan Stanley (Equal-Weight), and UBS (Neutral.) By contrast, Piper Jaffray (Overweight) and Robert W. Baird (Outperform with a $50 objective) are more upbeat.

Prosensa Holding (RNA): Leerink Swann launches coverage at Outperform.

(See also: Stock Upgrades: Fishing for Chips? Try Texas Instruments Incorporated and Stock Downgrades: Annie's Inc Is No Stock for (Widows and) Orphans.)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE