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Research In Motion?(RIMM), which will change its symbol to BBRY, tumbled 12.01% yesterday, and?Banco Santander?(SAN), which recently had rather greater justification for?changing its symbol from STD, is tumbling 3.35% in today?s London trading after announcing iffy earnings. RIM?s CEO, proud Teuton Thorsten Heins, would have been driven to drink with its performance, even as his homeland the epicenter of Oktoberfest sees an?astonishing decline in ale consumption.
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On this side of the Atlantic, beer behemoth?Anheuser-Busch?(BUD) added on another 0.97% to hit the highest level in its history, and a ratings reduction from analyst David Lipschitz ? whose last name you definitely don?t want to try to say while drunk ? sent coal company Peabody Energy (BTU) cratering 6.36%. And an iconic wartime singer who once warbled ?Don?t Sit Under the?Apple?(AAPL) Tree? sadly passed away. Given the stock?s action September, her advice remains as timeless as ever.
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It?s another frenzied session for corporate earnings announcements, with Aetna (AET), Colgate-Palmolive (CL), Deutsche Bank?(DB), Eastman Chemical?(EMN),?LVMH Mo?t Hennessy-Louis Vuitton?(PINK:LVMUY), MasterCard?(MA),?Nasdaq OMX (NDAQ), PulteGroup (PHM), Royal Dutch Shell?(RDS-A), United Parcel Service (UPS), Viacom (VIAB), and Whirlpool (WHR) all due to report results.
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Drug Stocks: Janney Capital assigns a new Neutral and $14 price objective on?Ironwood Pharmaceuticals (NASDAQ:IRWD). It begins Buys on?Cubist Pharmaceuticals (NASDAQ:CBST) ($50 target price), DepoMed (NASDAQ:DEPO) ($12),?Forest Laboratories?(NYSE:FRX) ($45), and?NPS Pharmaceuticals?(NASDAQ:NPSP) ($20.)
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Infinity Pharmaceutical?(INFI): JPMorgan establishes an Overweight on INFI.
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Joe?s Jeans?(JOEZ): Roth Capital resumes Buy rated research on the small cap company, assigning it a $2 target.
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Santarus?(SNTS): Leerink launches Outperform rated research on the biotech.
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Tribune Co.?(TRBAA): Shares are begun with a Buy at BWS Financial, whose target is $65.
(See also: Stock Upgrades: Rolls Royce Living Large and Stock Downgrades: Facebook Defriended All Over Wall Street.)
No positions in stocks mentioned.
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