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New Stock Coverage: W.R. Grace Is Amazing
Talk about life imitating art.
Fast & Furious 6
) topped the weekend box office, ahead of the 12th iteration of the
Iron Man 3
. Wall Street appears similarly addicted to sequels. The
(^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
, for whom two prior versions in quick succession evidently did not
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 .)