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: Analyst Not Puckering Up to Avon

By

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

PrintPRINT
MINYANVILLE ORIGINAL Stocks ended mixed on light volume, with the Dow (^DJI) snapping a three-day skid even as the S&P 500 (^GSPC) extended its slump to four straight sessions. Among stand-out equities, hardwood floorboard firm Lumber Liquidators (LL), upgraded this morning, rose 26.80% to an all-time high, even if a broken $77,615 bottle of 224-year-old cognac was an even more expensive item on the ground. Iconix Brand (ICON), maker of London Fog raincoats, gained 4.78%, reassuring Brits who blamed disastrous GDP data on unexpected drizzle. Panera Bread (PNRA), based in America's perennially most dangerous city of St. Louis, surged 8.07%, showing that the old Roman maxim of avoiding riots with 'bread and circuses' remains relevant.

Today in economics, June pending home sales are due at 10:00 a.m. Eastern. In earnings action, expect announcements out of AstraZeneca (AZN), Banco Santander (SAN), Coinstar (CSTR), Dunkin' Brands (DNKN), Expedia (EXPE), Facebook (FB), Gilead (GILD), Rolls-Royce (RYCEY), Starbucks (SBUX), Volkswagen (VLKAY), and Zimmer (ZMH).

Avon Products (AVP): Shares are initiated with a Market Perform at Wells Fargo.

Eastman Chemical (EMN): Lazard launches Buy rated research on EMN.

Horsehead Holding (ZINC): Shares are initiated with a Buy at CRT Capital, whose price target is $12.

Urban Outfitters (URBN): CLSA Securities starts Buy rated coverage.

(See also: Stock Downgrades: 'Farmville' Owner Zynga Taken to Woodshed and Stock Upgrades: Sky's the Limit for Flooring Firm Lumber Liquidators.)

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.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE