New Stock Coverage: Starbucks Easily Worth Eighty Bucks


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They say never wear white after Labor Day, but yesterday a benign beige book was just fine for equities. Dow Industrials (INDEXDJX:.DJI) enjoyed their single best session in five weeks as Ford ( F ) and General Motors ( GM ) - up a respective 3.49% and 5.01% - each breathed new life into moribund Motown. This as home state hero the University of Michigan gleefully pocketed $200 million even while simultaneously saying that being a cheapskate is the only ticket to true love . They know a thing or two about thrift in Scotland, where a couple just tied the knot for $1.56 . Still, on the birthday of Beyoncé , someone was splashing cash to "put a ring on it." Diamond retailer Zale Corp ( ZLC ), up more than 30% last week, rose another 6.25%. Penney ( JCP ) pinchers fear not, however, for that stock survived an iffy analyst initiation to jump 6.13%.

Today in economics, consensus calls for a falloff in factory orders for July and August's Institute for Supply Management non-manufacturing index, each out at 10:00 a.m. Eastern. On the quarterly earnings front, Conn 's ( CONN ), Finisar (FNSR), Quiksilver (ZQK), Smith & Wesson (SWHC), and VeriFone (PAY) are all expected to release results.

Advanced Energy Industries (AEIS): Raymond James resumes the diversified electronics outfit at an Outperform.

AGCO Corp (AGCO): Morgan Stanley starts the stock at Overweight.

Allscripts-Misys Healthcare (MDRX): The medical appliance firm is a fresh Hold at KeyBanc Capital Markets.

Caterpillar (CAT): The company, a key Dow (INDEXDJX:.DJI) component, is covered at Equal-Weight by Morgan Stanley.

Deere (DE): The tractor titan gets assigned an Underweight at Morgan Stanley.

Greenway Medical (GWAY): KeyBanc Capital starts the stock at a Buy.

Jones Energy (JONE): The independent oil and gas outfit gets begun with Buys at both Jefferies and Stifel ($20 target price.)

Joy Global (JOY): Morgan Stanley starts the maker of mining equipment at Equal-Weight.

Nokia (NOK): There's no keeping the Finnish telecom firm out of the news this week. Today it is set a fresh Equal-Weight at Morgan Stanley.

Spectrum Brands Holdings (SPB): Credit Suisse has a new Neutral on the consumer goods name, whose offerings include George Foreman and Remington.

Starbucks Corporation (SBUX): The coffee king, whose shares closed at $72.14 on Wednesday, is established at Outperform with Wedbush. Its price objective is $80.

Trimble Navigation (TRMB): Robert W. Baird resumes Outperform-rated research and assigns a price objective of $36. The stock stands to benefit from burgeoning worldwide demand for mobile automation, in the broker's estimation.

United Rentals (URI): Shares are picked up at Equal-Weight by Morgan Stanley.

(See also: Stock Upgrades: Groupon Is Your Deal of the Day and Stock Downgrades: Tears at Comedy Central Owner Viacom .)

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

This article appears in: Investing , Stocks
More Headlines for: CONN , F , GM , JCP , ZLC

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