Tuesday, June 7, 2011

Food Stocks: Dow member McDonald's (MCD)

InitiationsFood Stocks: Dow member McDonald's (MCD) is begun with a Buy at Lazard Capital Markets, as is Starbucks (SBUX), while Buffalo Wild Wings (BWLD) is a new Neutral.
Energizer (ENR): ENR is a new Buy at Standpoint Research, which has a $90 price target.
AEterna Zentaris (AEZS): The stock is initiated with an Outperform at Oppenheimer, which says they are the innovator behind perifosine, a drug which is currently in Phase III studies in late-stage colorectal cancer and multiple myeloma by US partner Keryx Biopharmaceuticals (KERX). For related content, see June Catalysts for Biotech and Drug Stocks.
Healthcare Stocks: Stryker (SYK) and Zimmer (ZMH) are new Neutrals at Gleacher.
Vail Resorts (MTN): MTN is a new Market Perform at Rodman & Renshaw.
Semiconductor Stocks: SanDisk (SNDK) gets started with a Buy at Goldman Sachs, which has a Neutral on STEC Inc (STEC) and a Sell on Micron (MU). RF Micro Device (RFMD) is initiated with a Buy at Cantor Fitzgerald, as is TriQuint Semiconductor (TQNT).
UpgradesSymantec (SYMC): The stock is upgraded to Outperform from Neutral at Cowen.
Xilinx (XLNX): The stock gets lifted to Neutral from Sell at Goldman.
Juniper Networks (JNPR): JNPR is now Overweight from Equal Weight at Evercore Partners.
Colonial Properties Trust (CLP): CLP is put on the Top Picks list at FBR Capital.
Corn Products (CPO): CPO is sharply higher before the bell after being boosted to to Buy from Hold at Deutsche Bank.
BE Aerospace (BEAV): BEAV is added to the Conviction Buy List at Goldman.
VCA Antech (WOOF): WOOF is upgraded to Overweight from Equal Weight at First Analysis.
DowngradesCitrix Systems (CTXS): The stock is downgraded to Underweight from Neutral at JP Morgan.
Essex Property Trust (ESS): ESS is removed from the Top Picks list at FBR Capital.
Sprint Nextel (S): S is downgraded to Sell from Hold at Stifel Nicolaus.