New Stock Coverage: Darling International Inc. Feels the Love


This year, The Fall arrived 24-hours before the start of summer . Stocks slumped, with the Dow (^DJI) enduring its worst one-day point decline since November 2011 on fears the Fed is about to turn off its monetary spigot.

Hiding in plain sight amid homegrown worries, however, is a widening worldwide wall of woe. Chinese factory activity falling to a nine-month low should give investors everywhere pregnant pause. An 11.48% implosion in Brazilian air carrier GOL Linhas Aereas Inteligentes ( GOL ) is symptomatic of the current capital flight from that similarly once-booming BRIC.

And - lest anyone think Athens anxieties have suddenly gone away - Eurotunnel ( GRPTF ), a stock that symbolically links the continent, tumbled 12%. Adding to the angst, this is a quadruple witching Friday. Clearly anticipating untold "double, double, toil, and trouble," Salem Communications ( SALM ) slumped 5.91%.

No top-tier economic data due today, but quarterly earnings announcements are expected out of CarMax ( KMX ), Carnival Corporation ( CCL ), and Darden Restaurants (DRI) are all due to release results.

Antares Pharma Inc (ATRS): Shares are picked up with an Outperform at Oppenheimer, whose target price is $6.

Burger King Holdings, Inc. (BKW): Wells Fargo covers the company, recently trading at post-initial public offering peaks, at a Market Perform.

Cimarex Energy Co (XEC): Bank of America-Merrill Lynch launches Neutral-rated coverage.

Darling International Inc. (DAR): The waste management outfit is begun with a bullish Outperform at Wedbush.

Gartner Inc. (IT): Stifel starts the stock at a Buy.

Intercept Pharmaceuticals Inc (ICPT): Oppenheimer has an Outperform opinion and $60 price objective on a company it calls an emerging player in the treatment of liver diseases.

Ironwood Pharmaceuticals, Inc. (IRWD): Credit Suisse assigns an Outperform on IRWD.

Merck KGaA (MKGAY): The German company - a separate entity from America's Merck & Co., Inc. (MRK) - gets started with a Sell at Goldman Sachs.

Oil Stocks : Dual Dow (^DJI) components Chevron Corporation (CVX) and Exxon Mobil Corporation (XOM) are each established with Outperforms at Wells.

Palatin Technologies, Inc. (PTN): Piper Jaffray picks PTN up at an Overweight.

Renewable Energy Group Inc (REGI): REGI is resumed with an Outperform at Wedbush.

The Wendy's Co (WEN): The fast food firm is a fresh Market Perform with Wells Fargo.

(See also: Stock Upgrades: Facebook Inc Enjoys Its 15 Seconds of Fame and Stock Downgrades: What Ails Guinness Maker Diageo plc? )

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: CCL , GOL , GRPTF , KMX , SALM

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