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New Stock Coverage: Profit From Pawn Stars


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

MINYANVILLE ORIGINAL At about the exact hour one of its native sons was dazzling the world with his incomparably adroit feet on clay, Spain's banking deal was being exposed as having feet of clay. The Dow (^DJI), up impressively early on, ended down by triple digits as markets concluded Madrid's $125 billion bailout was one more attempt to kick the can from a country that can boast the planet's most gifted collection of soccer stars (if only the nation's finances were half as good as its sportsmen). While one must admire the sort of entrepreneurship that just saw Spain lift a ban on advertising sexual services to stimulate spending in a recession, it didn't do much for shares of Banco Santander (STD), which slumped 3.11% after seeing its rating cut by two notches. Iberia, as is its want, killed the bull but Matador Resources (MTDR) rose 4.30% and there were other winners on a dire day. It's another quiet day for economic data but Casey's General Stores (CASY), FactSet Research Systems (FDS), and Michael Kors Holdings (KORS) are all due to announce earnings.

Amarin (AMRN): The biopharmaceutical is begun with a Buy at Aegis Capital, which assigns it a price objective of $25. Shares are sharply higher before the opening bell as a result.

European airlines: Air France-KLM (AFLYY) and Deutsche Lufthansa AG (DLAKY) are each initiated with Overweights at HSBC Securities.

Carlyle Group (CG): The stock is initiated with a Hold at Deutsche Bank, an Equal Weight at Morgan Stanley, and a new Neutral at Goldman Sachs.

Kohlberg Kravis Roberts (KKR): Argus begins Buy rated research on KKR.

Marathon Oil (MRO): Shares are covered with an Add at Capital One.

Pacific Coast Oil Trust (ROYT): Bank of America-Merrill Lynch and JPMorgan both launch Neutral rated research while Wells Fargo (Outperform) and Barclays (Overweight) are more bullish.

Pawnbrokers: DFC Global (DLLR) and First Cash Financial Services (FCFS) are each assigned Outperforms at JMP Securities, which starts EZCORP Inc (EZPW) at Market Perform.

Solazyme (SZYM): Shares are begun with a Buy at UBS.

Tellabs (TLAB): TLAB is initiated with a Buy at Maxim.

United Rentals (URI): The stock is a new Overweight at Morgan Stanley.

Valley National Bancorp (VLY): VLY is assigned an Underperform at Sterne Agee, whose price target is $10.

(See also: Stock Downgrades: Budget Airlines Not Worth a Dime? and Stock Upgrades: TomTom in Cruise Control.)
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