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New Stock Coverage: Smooth Sailing for Catamaran Corp.


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

MINYANVILLE ORIGINAL Shares slumped for the seventh time in eight sessions after the International Monetary Fund cut its global growth estimates. Retail sales, down for a third straight month, also disappointed as aspiring millionaires lost a beloved outlet in the bargain basement.

China, which fought for a decade and a half to be included in the World Trade Organization, learned to be careful what it wishes for after the WTO said the country shortchanged US credit card companies. MasterCard (MA) and Visa (V) rose a respective 1.70% and 2.47% as a result. At least Beijing can comfort itself in the knowledge it just broke the human mattress domino record. (Mattress Firm Holding (MFRM) joined in the fun, tumbling 12.46% after-hours.) Lipstick leader Avon Products (AVP) puckered up 4.28% even as the First Couple were a kill joy on the kiss cam.

Accuride (ACW): Shares are initiated with a Neutral at Credit Suisse, whose target price is $6.

Belden (BDC): The stock is begun with an Outperform and $40 price objective at Barrington Research, which praises its concentration in higher growth and margin products.

Casino Companies: MGM Resorts (MGM) is a new Sector Perform at RBC Capital, which assigns Outperforms on Las Vegas Sands (LVS) and Wynn Resorts (WYNN). It covers Caesars Entertainment (CZR) at Underperform.

Catamaran Corp. (CTRX): Shares are resumed with an Outperform at JMP Securities, whose target is $112.

CVS Caremark (CVS): The stock is an Outperform at JMP Securities.

Internet Stocks: (AMZN) and eBay Inc. (EBAY) are both launched with Buys at Lazard Capital, the former with a $240 price target.

Kirklands (KIRK): Wedbush covers KIRK with a Neutral.

LSI Logic (LSI): LSI is a new Hold at The Benchmark Company.

(See also: Stock Upgrades: Anniversary Upgrade for Disney and Stock Downgrades: Target Missing the Mark.)
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