Saturday, July 7, 2012

New Stock Coverage: Limited Upside for Limited Brands - Minyanville

MINYANVILLE ORIGINAL From Tinseltown to Wall Street, the raging bull was?reined in. Coordinated central bank easing action across the globe failed to stop the?S&P 500?(^GSPC) from snapping a three-day winning streak. European Central Bank President Draghi was indeed a drag on equities as he lowered the continent?s growth outlook.
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Here at home volume remained anemic as investors opted to stay on the sidelines ahead of this morning?s payroll employment report, which showed the June jobless rate remained unchanged at 8.2%.
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Some stocks did post strong showings, notably?James River Coal?(JRCC), which added on another 15.61% to its recent surge, and plain old?Kohl?s Corp. (KSS), the retailer rising 6.26% after reporting same store sales. Fourth of July fireworks sponsor?Macy?s?(M) held on to a warm afterglow, advancing 2.73%.
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Imperva?(IMPV): Shares are initiated with an Outperform at William Blair.
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Limited Brands?(LTD): The Victoria?s Secret owner is launched with a Market Perform at Wells Fargo, which sees fair value in the $44-$47 range.
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Teradyne?(TER): The stock is a Sector Perform at Pacific Crest.
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Watsco?(WSO): Goldman Sachs starts the name at Neutral.

(See also: Stock Upgrades: Sally Beauty Looks Like a Million Bucks and Stock Downgrades: Deckers Outdoor Can't Get Up Off the Floor.)

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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Source: http://www.minyanville.com/trading-and-investing/stocks/articles/upgrades-downgrades-initiations-stock-market-analyst/7/6/2012/id/42214

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