New Stock Coverage: Bank of Ireland Cries Into Its Guinness


Equities partied like it was 1999 as the Nasdaq (INDEXNASDAQ:.IXIC) hit its highest level since 2000, the year a Damascus dictator named Assad died to spawn hopes of a new dawn in Syria. (That one is not working out so well.) Among stocks on the move, cosmetics company Estèe Lauder ( EL ) advanced 2.83% on an analyst upgrade . Clearly, as illustrated in that remarkable recent photo of a fair maiden in Lebanon applying lipstick amid the wreckage of a car bomb , a girl's still gotta look good even as Middle Eastern storm clouds amass.

Elsewhere, trading in Activia owner Danone (OTCMKTS:DANOY) was highly irregular, dropping even on an enormous up day in equities. This after a rating reduction on the maker of Greek Oikos yogurt, hitherto about the only thing giving Athens hope but now under increasing attack . Verizon ( VZ ), which tumbled 2.2% last week, dropped a Dow (INDEXDJX:.DJI)-worst 0.93% yesterday. Ever since its Vodafone ( VOD ) deal, it has been a case of "Après moi, le déluge" for the telecom titan badly hit by Superstorm Sandy . At least it is now preparing for the next thousand-year flood with 100-year bonds .

No top-tier economic data due today, but Restoration Hardware ( RH ) and Texas Instruments ( TXN ) are each expected to announce earnings.

Agree Realty (ADC): The property manager is picked up with a Buy at Janney.

Bank of Ireland (IRE): Société Générale starts its fellow financial firm at a Sell.

Blackstone Mortgage Trust (BXMT): Shares are a new Outperform at JMP Securities, whose price target is $27.50.

C&J Energy Services (CJES): The oil and gas company gets covered at an Overweight by Barclays.

Cardiovascular Systems (CSII): Benchmark Company starts the stock with a Speculative Buy, assigning a $26 target price amid optimism over its Stealth 360 catheter platform to treat plaque problems.

Haemonetics (HAE): Shares are begun with a Buy at Benchmark Company, whose price objective is $49.

Illumina, Inc. (ILMN): The biotech is assigned an Outperform with Wells Fargo.

iRobot Corporation (IRBT): Susquehanna starts the surgical stock with a Positive assessment.

Nationstar Mortgage (NSM): NSM is a new Outperform at Oppenheimer.

Sprouts Farmers Market (SFM): The recent initial public offering gets launched with an Underperform at Bank of America-Merrill Lynch and Neutral by both Goldman Sachs and UBS.

Storage Stocks : Extra Space Storage (EXR) and Sovran Self Storage (SSS) are each started at Outperform by Macquarie.

(See also: Stock Upgrades: E*TRADE Babies Enjoy Mother of All Rallies and Stock Downgrades: D.R. Horton Hears a Boo .)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: EL , RH , TXN , VOD , VZ



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