Analyst calls: MO, SLB, BBY, AAPL, JPM, KR, ALU, GILD, BIDU, CEPH ...
Posted Dec 15th 2008 11:37AM by Eric Buscemi
Filed under: Analyst upgrades and downgrades, Apple Inc (AAPL), Schlumberger Limited (SLB), JPMorgan Chase (JPM), Altria Group (MO), Best Buy (BBY), Chesapeake Energy (CHK), Kroger Co (KR), Alcatel-LucentADS (ALU), Analyst initiations, Gilead Sciences (GILD)
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Analyst upgrades:
- JP Morgan upgraded Altria (NYSE: MO), citing the company's 25% cash return to shareholders by 2010 and its market leadership.
- RBC Capital upgraded Core Laboratories (NYSE: CLB) based on its solid balance sheet and liquidity, strong market positions, and technology-driven products.
- RBC Capital believes Schlumberger's (NYSE: SLB) earnings will decrease the least vs. its peers through 2010 and notes its breadth of products/services.
- Tellabs (NASDAQ: TLAB) upgraded to Overweight from Equal Weight at Barclays.
- Bally Tech (NYSE: BYI) upgraded to Buy from Neutral at Goldman.
- Best Buy (NYSE: BBY) upgraded to Buy from Neutral at Piper Jaffray.
Analyst downgrades:
- Goldman downgraded Apple (NASDAQ: AAPL) citing consumer spending concerns and valuation.
- Merrill downgraded JP Morgan (NYSE: JPM) citing expectations for credit costs to get worse in the US.
- Wachovia downgraded a handful of names, including Chesapeake (NYSE: CHK), in the Exploration & Production space as they believe natural gas prices have more downside in order to balance supply/demand fundamentals.
- Alcatel-Lucent (NYSE: ALU) downgraded to Underperform from Hold at Jefferies.
- Devon Energy (NYSE: DVN) downgraded to Hold from Buy at Deutsche Bank.
- Kroger (NYSE: KR) downgraded to Neutral from Outperform at Credit Suisse.
Analyst initiations:
- Gilead Sciences (NASDAQ: GILD) was initiated with a Buy at Merriman. Merriman expects the company's "significant" earnings growth to continue and has a target range of $53-$58.
- Baidu.com (NASDAQ: BIDU) was initiated with a Sell and a target of $90 at Pali Capital. Pali believes Baidu's short to mid-term outlook is uncertain due to mass media and regulatory risks.
- Ariba (NASDAQ: ARBA) was initiated with a Hold at KeyBanc. KeyBanc believes the current consensus expectations could be challenging to meet and finds the stock fairly valued.
- Sepracor (NASDAQ: SEPR) was initiated with a Sell at Goldman.
- King Pharma (NYSE: KG) was initiated with a Neutral at Goldman.
- Cephalon (NASDAQ: CEPH) was initiated with a Buy at Goldman.
Tags: aapl, alu, arba, bby, bidu, byi, ceph, clb, dvn, gild, inthenews, jpm, kg, kr, mo, sepr, slb, tlab
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Reader Comments (Page 1 of 1)
12-15-2008 @ 8:38PM
Paul Fraser said...
RBC Bank President Gordon Nixon - Salary $11.73 Million
$100,000 - MISTAKE (FISHERMEN'S LOAN)
I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.
There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.
Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca
http://www.corporatebully.ca
http://www.youtube.com/CORPORATEBULLY
http://www.p2pnet.net/story/17877
"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"
3-11-2009 @ 8:24AM
paul said...
I found one website with the details of home loan,life insurance etc...Here is the link http://www.ratedetective.com.au/.