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New Stock Coverage: Adidas Running on Empty?


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

MINYANVILLE ORIGINAL While Europe continues to cry out for men in white coats, enlisting several of their number to conclude another trading week proved profitable on this side of the Atlantic. The S&P 500 Index (^GSPC) snapped a three-week losing streak while Nasdaq (^IXIC) - bolstered by its own Men In Black - advanced 2.11% as US consumer confidence climbed to a half-decade high and housing data came in above expectations. Seemingly single-handedly helped by New York's billionaire mayor, America's largest luxury home builder Toll Brothers (TOL) gained 10% even as Madrid learned that the answer to Hemingway's Spanish Civil War-era question of For Whom the Bell Tolls is: "for thee." Bankia, the country's biggest mortgage lender, needed $23.8 billion to prop it up, tough medicine no matter how easy cavorting tourists to its headquarters make it look. It's a quiet start to a holiday-shortened week in corporate earnings, with Bank of Nova Scotia (BNS) and Sanderson Farms (SAFM) among today's notable announcements.

Adidas AG (ADDYY.PK): Shares are a new Neutral at JPMorgan.

European banks: Société Générale has Holds on Swedbank AB (SWDBY.PK) and Danske Bank (DNSKY).

EverBank Financial (EVER): Goldman Sachs starts Neutral rated research on EVER.

Facebook (FB): FB is initiated with a Buy at Crédit Agricole.

Supernus Pharmaceuticals (SUPN): Shares are initiated with an Outperform at Cowen & Company.

Tilly's Inc (TLYS): The casual clothing company, a recent IPO, is picked up at Overweight with Piper Jaffray, whose price target is $20.

TG Therapeutics (TGTXD): Shares are begun with a Buy at Brean Murray, whose price objective is $13.

(See Stock Upgrades: Vail Resorts' Rocky Mountain High and Stock Downgrades: Seagate Set to Sink?)
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