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New Stock Coverage: Anheuser-Busch InBev NV Gets the Party Started

By: Minyanville
Posted: 6/14/2013 9:25:00 AM
Referenced Stocks: AMSC;COTY;MHR;MSFT;TIF

June 13 was the birthday not only of history's greatest Sherlock Holmes but also an iconic English mystery writer . Yet both would have been dumbfounded by the market's latest whodunit.

Only twenty-four hours after shares slumped amid ominous talk about the "r" word and the "s" word , stocks bounced back spectacularly to score their second best day of all 2013. Its first gain of the week took the Dow (^DJI) back above 15,000, although there were still some notable losers.

Microsoft Corporation ( MSFT ), whose founder once famously took a pie in the eye , was the poorest performing blue chip in ending off 0.81%. Meanwhile Rupert Murdoch filed for divorce from his wife, who once heroically fended off a pie aimed his way . Amid such matrimonial woe, little wonder wedding band behemoth Tiffany & Co. ( TIF ) tumbled 1.72%, its stock now arguably as big a steal as today's big movie opening, The Bling Ring .

And perfume stock Coty Inc. ( COTY ) - whose Lady Gaga fragrance was described by the pop star as having the aroma of " an expensive hooker " - stopped making cents, falling 14 pennies in its much-anticipated market debut.

Today in economics, June's Thomson Reuters/University of Michigan consumer sentiment index will be released at9:55 a.m. EDT . (Or 9:54:58 a.m. EDT, if you are among the favored few to get it two seconds early .) On the corporate front, American Superconductor ( AMSC ), Magnum Hunter ( MHR ) and Smithfield Foods (SFD) report results.

Air Products & Chemicals, Inc (APD): Shares are established with an Outperform at Raymond James.

Anheuser-Busch InBev NV (BUD): JPMorgan begins the brewing behemoth at a bullish Overweight.

Automatic Data Processing Inc. (ADP): The stock is initiated with an Outperform at Raymond James.

Auxilium Pharmaceuticals, Inc. (AUXL): Shares are assigned a Buy rating and $28 price objective at Mizuho, which sees FDA (Food and Drug Administration) approval of Xiaflex to treat Peyronie's in September, after which a robust roll out is anticipated.

British Banks : Jefferies has a Hold on Lloyds Banking Group PLC (LYG) and resumes Buy-rated research on Royal Bank of Scotland Group plc (RBS).

Freeport-McMoRan Copper & Gold Inc. (FCX): The commodity company is a fresh Outperform at Credit Suisse.

NewLink Genetics Corp (NLNK): Jefferies has a new Buy on NLNK.

MB Financial, Inc. (MBFI): The stock is initiated with a Buy and $30 objective at DA Davidson, which highlights strong capital and profitability metrics.

Praxair, Inc. (PX): Raymond James picks up the chemical company at a Strong Buy.

The Ensign Group, Inc. (ENSG): Cantor Fitzgerald covers the long-term care company at a Buy amid good acquisition growth and new market penetration. Its target price is $40.

(See also: Stock Upgrades: Groupon Inc Is Today's Deal of the Day and Stock Downgrades: E I Du Pont De Nemours and Co Loses That Teflon Touch .)