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New Stock Coverage: Five Years After 'Miracle,' US Airways Tries to Fly High

Posted
10/4/2013 9:37:00 AM
By: Minyanville
Referenced Stocks:FB;LLY;OEH;PRMW;STZ

Strictly speaking, we can't claim that our government has done nothing this week. After all, the Feds - finally turning their hands to a matter they know something about - did reimburse that poor chap after forensically examining the $500 that passed through his pooch's feces . But on the big stuff, Washington continues to be found lacking. Thus it was that the DC shutdown sent Dow Industrials (INDEXDJX:.DJI) down for a second straight session. Admittedly, amid the mayhem some equities did turn water into wine. Not least Primo Water ( PRMW ), up 3.96%, and world's largest winemaker Constellation Brands ( STZ ), which gained 3.24%. But against a backdrop of (Jack) Welch's (sour) grape juice - the businessman has now dissed both Republicans and Democrats in equal measure - investors elsewhere found plenty to whine about.

Trading was murder on Orient-Express ( OEH ), which imploded 4.77% on the eve of this, an iconic date in its history . And Eli Lilly ( LLY ) lost 3.44% on emerging market issues. It really needs the FDA to speed up drug approvals, but they are too busy spending a king's ransom to better "understand" social media . With Facebook ( FB ) tumbling 2.18% on a rating reduction , now's really not the time.

September's employment report, originally due for release at 8:30 a.m. Eastern, has been postponed due to the government shutdown. In earnings action, Taiwanese smartphone provider HTC Corporation (OTCMKTS:HTCKF) announced its first ever quarterly loss earlier today. Here at home, sandwich shop Potbelly (PBPB) is expected to start trading this morning after pricing its initial public offering at $14 per share.

Campus Crest Communities (CCG): The company is covered with a Buy rating and $13.50 price objective with Wunderlich.

Carnival Corporation (CCL): SunTrust rolls out Reduce-rated coverage on the troubled cruise company.

Cole Real Estate Investments (COLE): Shares are an Outperform at FBR Capital, whose target price is $14 amid impressive earnings growth.

Diageo (DEO): The Guinness maker gets assigned an upbeat Add at Numis.

Healthcare Trust of America (HTA): Wunderlich has a Buy and $12.50 target on a company it says stands to benefit from the Patient Protection and Affordable Care Act.

JDS Uniphase (JDSU): Shares are set Equal Weight at Evercore, whose objective is $17.

MiMedx Group (MDXG): The medical equipment and appliance outfit is initiated with a Buy rating and $6 target at Canaccord Genuity.

Omnicare (OCR): KeyBanc Capital covers the company at a Buy.

21st Century Fox (FOXA): The media and entertainment titan is a new Overweight at JPMorgan.

US Airways Group Inc (LCC): The aviation outfit indelibly associated with Captain Chesley "Sully" Sullenberger's Hudson heroics almost five years ago is assigned an upbeat Outperform at Imperial Capital. Shares surged 3.23% yesterday even amid a remorseless tide of red ink elsewhere. (Note that the stock also received a ratings reduction this morning.)

Vale S.A. (VALE): Barclays begins the Brazilian commodity company at an Underweight. Its price objective is $13.

(See also: Stock Upgrades: Exxon Mobil, OpenTable, and Moneygram International and Stock Downgrades: Wynn Resorts, Tesoro, and Cepheid .)