2013-08-20 Events

• TOP NEWS:
    * Hayman Capital Takes Stake in JCPenney: CNBC
    * Kodak Pans to Formally Emerge from Bankruptcy on Sept. 3
    * Barnes & Noble Holder Riggio Won’t Make Offer for Retail Unit
    * Ally Financial Plans $1b Private Placement, Buyback
• Glencore Says Rio Tinto Australia Coal JV Is a ‘Potential Idea’
  
       Aug. 20 (Bloomberg) -- CEO Ivan Glasenberg comments on
  conference call after co.’s earnings.
    * Co. hopes to complete Las Bambas sale by year end
    * NOTE: Glencore Said to Study Combining Australian Coal
      Assets With Rio
  {NSN MO8MSH6VDKI4 <go>}
•  UPGRADES:
•   * Ann Taylor (ANN) to buy: Janney
    * Cash America (CSH) to buy: Janney
    * Chipotle (CMG) to hold: Jefferies
    * Red Robin (RRGB) to buy: Jefferies
    * Spirit Airlines (SAVE) to outperform: Raymond James
    * Urban Outfitters (URBN) to outperform: Wedbush
    * Weyerhaeuser (WY) to buy: Longbow
  
  
  DOWNGRADES:
    * Arcelormittal (MT) to underweight: Morgan Stanley
    * Bravo Brio (BBRG) to hold: Jefferies
    * Cliffs Nautral (CLF) to hold: BB&T
    * Diamond Offshore (DO) to neutral: UBS
    * Edwards Group (EVAC) to neutral: Piper Jaffray
    * Ensco (ESV) to neutral: UBS
    * GTX Inc. (GTXI) to neutral: Lazard
    * Lightinthebox (LITB) to underperform: Credit Suisse
    * Noble Corp. (NE) to neutral: UBS
    * Panera (PNRA) to hold: Jefferies
    * Riverbed Tech (RVBD) to sell: Deutsche Bank
    * Royal Gold (RGLD) to hold: BB&T
    * Target (TGT) to neutral: Susquehanna
    * Teck Resources (TCK) to hold: BB&T
    * Transocean (RIG) to neutral: UBS
    * Wal-Mart (WMT) to neutral: Susquehanna
    * Xcel Energy (XEL) to underweight: JPMorgan
  
  
  INITIATIONS:
    * Anadarko (APC) buy: Canaccord, PT $115
    * Apache (APA) buy: Canaccord, PT $106
    * Ares Capital (ARCC) buy: Sterne Agee, PT $19
    * Bloomin Brands (BLMN) overweight: Barclays, PT $29
    * Bridge Bancorp (BDGE) buy: Guggenheim, PT $25
    * Cabot Oil (COG) buy: Canaccord, PT $45
    * Central European Media (CETV) buy: Wood & Co., PT $7
    * Cloud Peak Energy (CLD) hold: Stifel
    * Devon Energy (DVN) buy: Canaccord, PT $75
    * Facebook (FB) buy: Janney, PT $50
    * John Bean Tech (JBT) speculative buy: Global Hunter, PT $31
    * Laclede (LG) overweight: JPMorgan, PT $50
    * Marlin Midstream (FISH) outperform: Robert Baird, PT $23
    * Pandora Media (P) buy: B. Riley, PT $26
    * Pioneer Natural (PXD) buy: Canaccord, PT $220
    * QEP Resources (QEP) hold: Canaccord, PT $31
    * Qihoo 360 (QIHU) neutral: Goldman
    * Range Resources (RRC) buy: Canaccord, PT $93
    * Salesforce.com (CRM) overweight: First Analysis, PT $55
    * Southwestern Energy (SWN) buy: Canaccord, PT $50
    * Ultra Petroleum (UPL) hold: Canaccord, PT $22
    * Unit Corp. (UNT) hold: Canaccord, PT $49
    * Washington Trust Bancorp (WASH) buy: Guggenheim, PT $38
    * Zynga (ZNGA) sell: Janney, PT $2.50