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

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

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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.)
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.

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