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New Stock Coverage: Flowers Foods Not Yet Coming Up Roses


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

MINYANVILLE ORIGINAL Stimuli and Winklevii each enjoyed stellar weeks, with most stocks advancing on expectations of further monetary action from global central banks even as Mark Zuckerberg's Facebook (FB) fell 18% to post-IPO low, much to the delight of his twin arch enemies.

Dow Industrials (^DJI) added 1.97% to end back above 13,000 and the S&P 500 Index (^GSPC) advanced 1.71% in reaching its best level since May. Shares finished the week on an especially strong note after European Central Bank President Mario Draghi pledged to do "whatever it takes" to preserve the euro. Such words were an apparently unwitting nod to a movie released in March of 2000, the very month the great tech wreck began. (Thank Heaven those dreadful days are long behind us.)

Amazon (AMZN), whose 1999 Person of the Year was the poster child for Nasdaq's (^IXIC) millennial madness, jumped to a post-October peak. Jeff Bezos shouldn't get too carried away however, for the cover curse catches up with all in due Time.

Ariad Pharmaceuticals (ARIA): Shares are initiated with an Outperform at William Blair, whose price target is $25.

ArQule (ARQL): Needham assigns a Buy recommendation and $11 price objective on ARQL. Final data on Tivantinib is due mid-2013.

Cirrus Logic (CRUS): Canaccord covers the company at a Buy and establishes a $35 price target.

Flowers Foods (FLO): FLO is a fresh Hold at Deutsche Bank, whose price objective is $20.

SanDisk (SNDK): Shares are a Hold at Needham, which remains sceptical it can grow its embedded business.

United Technologies (UTX): The Dow member is a new Overweight at JPMorgan, whose target is $98.

Vodafone (VOD): Shares are resumed with a Buy at Deutsche Bank.

(See also: Stock Upgrades: Deere Set to Make Some Dough and Stock Downgrades: Bad Case of the Mondays for JPMorgan.)
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