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: 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.)
< 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.
Featured Videos