Analyst Calls: CRM, VVUS, AKS, KMP, SPWRA, TSL, JASO, ALL

UBS upgraded Salesforce.com (CRM) to Buy from Neutral based on positive feedback on the Chatter product and increasing confidence the company can beat FY11 guidance. The firm raised its price target to $111 from $90.
Leerink upgraded Vivus (VVUS) to Outperform from Market Perform. The firm believes Qnexa issues raised by the FDA are labeling and marketing issues, and not approval issues. The firm expects a positive panel vote for Qnexa.
Goldman upgraded AK Steel (AKS) to Buy from Netural citing lower iron ore prices. The firm has a $17 price target on the stock.
Kinder Morgan Energy (KMP) was upgraded to Equal Weight at Morgan Stanley.
Shire (SHPGY) was upgraded to Outperform from Neutral at Credit Suisse.
Canadian National (CNI) was upgraded to Outperform from Market Perform at Raymond James.

Analyst downgrades:

Jefferies downgraded Amedisys (AMED) to Hold from Buy after the company pre-announced Q2 EPS below consensus. The firm expects the stock to trade sideways and lowered its target for $30 from $81.
Baird downgraded Amedisys to Neutral from Outperform based on recent regulatory issues and volume pressures.
RBC Capital downgraded LHC Group (LHCG) to Sector Perform from Outperform based on increased government scrutiny, which could pressure volumes and reimbursements. Note that LHC Group is being investigated by the SEC relating to Medicare reimbursement practices. The firm lowered its price target to $25 from $30.
Macquarie downgraded Zions Bancorp (ZION) to Neutral from Outperform and has a $24 price target on the stock. The firm cites lack of near-term catalysts for the downgrade.
Praxair (PX) was downgraded to Neutral from Buy at Goldman.
Sunpower (SPWRA) was downgraded to Hold from Buy at Jefferies.
Lincoln National (LNC) was downgraded to Neutral from Outperform at Credit Suisse.

Analyst initiations:

FBR Capital initiated SL Green Realty (SLG) and Douglas Emmett (DEI) with Underperform ratings and price targets of $50 and $15.50, respectively. The firm also started AMB Property (AMB), ProLogis (PLD) and Boston Properties (BXP) with Outperform ratings and price targets of $28.50, $16.50 and $85, respectively.
Citigroup initiated Salesforce.com with a Hold rating and $98 target.
Oppenheimer assumed Allstate (ALL) with a Perform rating.
Trina Solar (TSL), JA Solar (JASO) and Yingli Green (YGE) were initiated with Buy ratings at Jefferies.
Marshall & llsley (MI) was initiated with a Neutral rating at Susquehanna.

Tags: 2allbut, amb, amed, bxp, cni, dei, inthenews, jaso, lnc, mi, pld, px, shpgy, slg, spwra, vvus, yge, zion

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Reader Comments (Page 1 of 1)

7-14-2010 @ 11:30AM

Anil said...

We all know that George Steinbrenner died yesterday but not many of us know that Eternal Image has donated a New York Pinstripe casket for him.

New York Daily News: http://www.nydailynews.com/sports/baseball/yankees/2008/12/10/2008-12-10_an_eternity_with_mets_or_yankees.html

8-04-2010 @ 8:11AM

ras said...

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