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New Stock Coverage: TripAdvisor Going Places


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

MINYANVILLE ORIGINAL On the day Spain again topped world fútbol rankings Wall Street opted to kick the can, ignoring the Iberian angst that has contributed to the market's recent malaise. Shares ended higher on a welcome upturn in trading volume despite Europe's manufacturing output imploding for an eighth straight month.

Investors remain stuck on a slow boat to China after Beijing announced extremely sluggish services growth. Best to travel by planes and trains, what with US Airways (LCC) advancing 8.27% and railroads rising on an analyst upgrade. (Be sure to skip the 3:10 to Yuma however, after that Arizona city reported an astronomical August unemployment rate of 29.9%.) Brewer Anheuser-Busch (BUD) hit the highest level in its history, but that drunken broker behind oil's parabolic increase in 2009 has evidently turned teetotal, since petroleum prices plunged by the most in five months.

Today in economics, a decline is expected in August factory orders at 10:00 a.m. Eastern, and minutes to the Federal Open Market Committee's September 12-13 meeting are released at 2:00 p.m. International Speedway (ISCA) is the pick of today's quarterly earnings announcements.

Accelrys Inc. (ACCL): JMP Securities starts the application software outfit at Outperform, assigning a $12 price target.

Advocat (AVCA): Shares are initiated with a Hold at C.K. Cooper.

Ametek (AME): Morgan Stanley starts the stock at Equal-Weight.

Asset Management: Maxim begins Buys on Fifth Street Finance (FSC), Medley Capital (MCC), THL Credit (TCRD), and TICC Capital (TICC).

B&G Foods (BGS): Credit Suisse covers the company at a Neutral. Its price objective is $32.

Baxter International (BAX): BAX is begun with an Outperform at Cowen.

Biopharmaceuticals: Morgan Stanley establishes Overweights on Cubist Pharmaceuticals (CBST), Neurocrine Biosciences (NBIX), and NPS Pharmaceuticals (NPSP).

CF Industries (CF): RBC Capital has a fresh Sector Perform on the fertilizer firm.

Edison International (EIX): EIX is assigned an Underperform at Credit Suisse, whose target is $6.

Lamar Advertising (LAMR): Deutsche Bank launches Buy rated research on LAMR. Its price objective is $45.

Quidel (QDEL): Shares are picked up at Overweight by Piper Jaffray.

Steven Madden Ltd. (SHOO): SHOO is started with a Buy at Brean Murray, whose target is $56.

TripAdvisor (NASDAQ:TRIP) The stock is initiated with a Buy and $38 target at Needham, which cites catalysts including easing comps and a strengthening global economy.

(See also: Stock Downgrades: Fast Money Runs From Sprint and Stock Upgrades: Cash in the Attic at eBay.)
No positions in stocks mentioned.
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