1-800-flowers posts
FeedPosted Nov 8th 2007 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Initiations,
MOST NOTEWORTHY: 1-800-Flowers.com, Ctrip.com International, 51job and Choice Hotels were today's noteworthy initiations:
- Nollenberger started shares of 1-800-Flowers.com (NASDAQ: FLWS) with a Buy rating and $14 target and believes shares are undervalued at current levels given the company's compelling growth prospects, strong cash flow generation, and solid balance sheet.
- Bear believes Ctrip.com (NASDAQ: CTRP) is the best positioned online travel company ahead of structural changes and consolidation in China's fragmented travel agency industry. The firm initiated shares with an Outperform rating and $80 target.
- Bear expects 51job (NASDAQ: JOBS) to benefit from China's increasing Internet user base due to the internet's broadening reach among job seekers, resuming coverage with an Outperform rating and $28 target.
- Goldman started Choice Hotels (NYSE: CHH) with a Buy rating and $45 target, as they are positive on the stock given unit growth and minimal capital needs, among other reasons.
OTHER INITIATIONS:
Posted Sep 25th 2007 11:09AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Cisco Systems (CSCO), Nokia Corp. (NOK), IAC/InterActiveCorp (IACI)
MOST NOTEWORTHY: Nokia, 1-800-Flowers.com, Wadell & Reed, Westwood One and Cisco Systems were today's noteworthy upgrades:
- Morgan Stanley upgraded shares of Nokia Corporation (NYSE: NOK) to Overweight from Underweight, as they expect higher-than-expected volumes and increasing market share to drive outperformance in the second half of 2007.
- CIBC upgraded shares of 1-800-Flowers.com (NASDAQ: FLWS) to Sector Outperformer from Sector Performer. CIBC upgraded shares when they transferred coverage on the name.
- Wadell & Reed Financial (NYSE: WDR) was upgraded to Outperform from Market Perform from Keefe Bruyette based on strong investment returns.
- Westwood One Inc (NYSE: WON) was upgraded to Buy from Hold at Deutsche Bank to reflect a likely new deal with CBS Corporation (NYSE: CBS), feasibility of a sale to private equity and signs of a turnaround in the company's network business.
- Cisco Systems Inc (NASDAQ: CSCO) was added to Matrix's Focus List, as the firm believes the company is "perfectly positioned" to profit from the coming growth and demand for network infrastructure...
OTHER UPGRADES: