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New Stock Coverage: McGraw-Hill Stands to Make Mountain of Money


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

MINYANVILLE ORIGINAL Spain's best known novelist may have preached the virtues of self reliance, but Madrid's stubborn refusal to ask for aid sent the Dow (^DJI) down in a choppy session, pride quite literally coming before the fall. The Iberian native who aimed to make money from her ownership of the sun would have been better off investing in Cablevision (CVC) or Time Warner Cable (TWC), which rose a respective 2.22% and 2.56%. (Although, as Icarus learned to his cost, soaring too close to the star of the solar system guarantees a lousy reception.)

Today in economics, the Institute for Supply Management's September services index is out at 10:00 a.m. Eastern. In earnings action, Family Dollar (FDO), Marriott International (MAR), Monsanto (MON), and Wolverine World Wide (WWW) are all due to report results.

Aegerion Pharmaceuticals (AEGR): Shares are initiated with an Overweight at JPMorgan, whose price target is $22.

Agree Realty (ADC): The stock is begun with a Buy at Wunderlich, which issues a $30 price objective.

Brookdale Senior Living (BKD): BKD is begun with a Buy at Deutsche Bank.

Casey's General Stores (CASY): Stephens covers the company with an Equal Weight.

Health Care REIT (HCN): HCN is a new Outperform at RBC Capital.

Kraft Foods Group (KRFT): Crédit Agricole assigns a Buy rating.

Lorillard (LO): LO is launched with a Buy at Crédit Agricole.

McGraw-Hill (NYSE:MHP) The Standard & Poor's ratings owner is initiated with a Buy at UBS, whose target is $64.

Michael Kors (KORS): The stock is an Outperform at William Blair, which sees 20%-25% top-line growth and 25%-30% earnings growth over the next several years.

Mondelez International (MDLZ): The company, just spun off from Kraft, is initiated with an Outperform at Crédit Agricole. The price objective is $32.

O'Reilly Automotive (ORLY): The company is started with an Overweight, and $98 target, at Stephens.

PerkinElmer (PKI): PKI is picked up at an Overweight with JPMorgan.

Precision Castparts (PCP): Shares are initiated with a Hold at KeyBanc Capital.

SBA Communications (SBAC): Coverage is resumed with an Overweight at JPMorgan, whose target is $75.

Vale S.A. (VALE): BB&T Capital has a Hold on the Brazilian metals giant.

(See also: Stock Upgrades: Railroads Back on Track and Stock Downgrades: Messing With Texas Instruments.)
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No positions in stocks mentioned.
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