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New Stock Coverage: W.R. Grace Is Amazing

Posted
5/28/2013 9:18:00 AM
By: Minyanville
Referenced Stocks:ANF;BAH;CMCSA;GRA;ZLC

Talk about life imitating art. Fast & Furious 6 ( CMCSA ) topped the weekend box office, ahead of the 12th iteration of the Star Trek and Iron Man 3 . Wall Street appears similarly addicted to sequels. The S&P 500 (^GSPC) fell 1.07% amid eerily and wearily familiar themes of a spring swoon and renewed angst in Athens. (And let's not forget yet another Hangover , for whom two prior versions in quick succession evidently did not suffice.

The six pack abs of Abercrombie & Fitch ( ANF ), which imploded 8.00% in tandem with the film's Friday debut, saw no resultant benefit. Far better to get drunk on Booz Allen ( BAH ), which surged 12.89% last week.) Before Midnight , currently also on the silver screen, takes place in Greece but based on a Europe-worst 14.20% slide in the main Athens market, we have now seen this scary movie once too often.

On this side of the Atlantic, Zale Corporation ( ZLC ) - a.k.a. "America's diamond store since 1924″ - surged 23.1% ahead of Saturday's start of wedding season. This as a Dimon proved forever at JPMorgan (JPM), where breaking up is indeed hard to do .

Today in economics, analysts expect an uptick in the Conference Board's May consumer sentiment survey at 10:00 a.m. Eastern. On the earnings front, GuideWire Software (GWRE), Lukoil (OTCMKTS: LUKOY), Tiffany (TIF), United Natural Foods (UNFI), and Wet Seal (WTSL) are all due to report results.

Air Methods (AIRM): AIRM is assigned a Buy recommendation and $44 price objective with WallachBeth, which says the recent sell-off was excessive in light of an upcoming EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) boost from Healthcare Reform.

Ellington Residential Mortgage REIT (EARN): Citigroup has a new Neutral on the Real Estate Investment Trust.

GW Pharmaceuticals (GWPA): Lazard launches Buy rated coverage on the company.

Harvest Capital Credit (HCAP): William Blair has an Outperform on HCAP.

Insys Therapeutics (INSY): Shares are assigned an Outperform at JMP Securities.

Intelsat (I): The satellite stock is started with an upbeat Overweight at JPMorgan and Buys at both Bank of America-Merrill Lynch and Nomura. Credit Suisse (Neutral) and Deutsche Bank (Hold) are less bullish, however.

Jabil Circuit (JBL): Standpoint Research resumes Buy rated research on the tech firm. Its target price is $28.

SunCoke Energy (SXC): Barclays begins the steel stock at Equal Weight.

Taminco (TAM): Shares are set an Outperform at Credit Suisse.

W.R. Grace ( GRA ): Goldman Sachs starts the specialty chemicals stock with a Conviction Buy amid optimism over its robust cash flow and an improving construction sector.

(See also: Stock Upgrades: Can Merck Lead the Dow to Another Terrific Tuesday? and Stock Downgrades: Analyst Is Not a Belieber in Align Technology .)