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New Stock Coverage: Pfizer (NYSE:PFE) Looks Like a Riser

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

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MINYANVILLE ORIGINAL An iconic and universally beloved street, which today preaches the timely virtue of patience, has shown once again that it is right on the money. Now, if only the children of Wall had the wisdom - and disdain for fuzzy math - of Sesame. Good things did indeed come to those who waited, with the S&P 500 Index (^GSPC) finally ending up, following five straight days of declines.

After the streets of Athens and Iberia each erupted earlier in the week, yesterday bad PIIGS were mercifully confined to video games, though no thanks to the Man of La Mancha. Among standout stocks, Sweden's Hennes & Mauritz (HMRZF) fell 5.11% as its shares continue to go for a song - Waterloo, in the words of the country's most famous musical export. Waterloo, Ontario, is certainly seeing plenty Money Money Money, to quote ABBA again this morning, with native son Research In Motion (RIMM) up 15.97% before the bell. The BlackBerry maker, like its first fan, has seen its stock slip since reaching an all-time high in 2008 but is showing signs of a well-timed comeback in this election year.

Today in economics, this month's Chicago Purchasing Managers' Index is set for 9:45 a.m. Eastern, with the University of Michigan's final figure for September consumer sentiment arriving at 9:55 a.m. On the corporate front, American Greetings (AM), Finish Line (FINL), and Walgreen (WAG) are all due to release quarterly results.

AGCO Corp (AGCO): Bank of America-Merrill Lynch resumes Buy rated research on AGCO.

American Capital Mortgage (MTGE): The stock is an Outperform at JMP Securities, whose price target is $26.50.

American International Group (AIG): The insurance outfit is a new Neutral at Janney Capital, which issues a $37 price objective.

Deere (DE): Shares are launched with a Buy at Bank of America-Merrill Lynch.

Devon Energy (DVN): The stock is an Outperform at Credit Suisse.

Dillard's (DDS): Shares are initiated at Telsey Advisory Group with an $80 objective and generally upbeat outlook, though as company policy the brokerage does not assign specific ratings.

Energy Partnerships: Atlas Pipeline Partners (APL) and MarkWest Energy Partners (MWE) are each Overweights at Stephens, which has Equal Weights on Plains All American (PAA) and Copano Energy (CPNO).

Halcon Resources (HK): Shares are a Buy at Canaccord.

New Oriental Education (EDU): EDU is an Outperform at Credit Suisse.

Omnicom (OMC): The ad giant gets initiated with an Equal Weight at Evercore.

Pfizer (NYSE:PFE): BMO Capital begins the blue chip at an Outperform, assigning a price objective of $30.

Tech Stocks: TriQuint Semiconductor (TQNT), NVIDIA (NVDA), and PMC-Sierra (PMCS) are new Holds at Brean Murray, which begins Buys on RF Micro Devices (RFMD) and Qualcomm (QCOM).

Varian Medical (VAR): Shares are initiated with an Outperform at Crédit Agricole.

(See also: Stock Downgrades: Happy Meal on Hold at McDonald's (NYSE:MCD) and Stock Upgrades: Atwood Oceanics (NYSE:ATW) Keeps Its Head Above Water.)
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.

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