AKZOY posts
FeedPosted May 19th 2009 11:00AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst upgrades:
- Janney Montgomery upgraded Aqua America (NYSE: WTR) to Buy from Neutral on valuation, viewing the recent weakness as a buying opportunity. The firm has a $19 target on the stock.
- UBS upgraded Gildan Activewear (NYSE: GIL) to Buy from Neutral due to customer Broder's improved liquidity and the improved outlook for margins.
- RBC Capital upgraded State Street (NYSE: STT) to Top Pick from Outperform and raised its target to $55 from $40. The analyst said the $2B capital raise addresses TCE ratio concerns and large unrealized losses in the investment portfolio.
- Sherwin-Williams (NYSE: SHW) was upgraded to Overweight from Neutral at JP Morgan.
- Advance Auto Parts (NYSE: AAP) was upgraded to Buy from Underperform at Banc of America/Merrill.
- M&T Bank (NYSE: MTB) was upgraded to Outperform from Market Perform at Bernstein.
Continue reading Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG
Posted Nov 14th 2008 11:30AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Boeing Co (BA), Oracle Corp (ORCL), Merck and Co (MRK), Harley-Davidson (HOG), Analyst initiations, Garmin Ltd (GRMN)
Analyst upgrades:
- Friedman Billings upgraded Synovus (NYSE: SNV) to Market Perform from Underperform on valuation following the recent weakness. BASF (OTC: BASFY) and Akzo Nobel (OTC: AKZOY) were upgraded to Buy from Neutral at UBS on valuation and believes cash flows can cover the company's dividend.
- JP Morgan upgraded H.B. Fuller (NYSE: FUL) to Overweight from Neutral citing benefits from lower raw material costs.
- CA, Inc (NASDAQ: CA) was added to Goldman's Conviction Buy List.
- Goldman removed Boeing (NYSE: BA) from the Conviction Sell List.
- WABCO Holdings (NYSE: WBC) was upgraded to Buy from Hold at KeyBanc.
Analyst downgrades:
- Oppenheimer downgraded Giant Interactive (NYSE: GA) to Perform from Outperform following the company's Q3 results as they believe a recovery of revenue from ZT Online will take longer than expected.
- Friedman Billings cut Walter Industries (NYSE: WLT) to Market Perform from Outperform as they believe the decline in steel demand will pressure met coal prices. The company's target was lowered to $30 from $53.
- Citigroup downgraded shares of Atlas Pipeline (NYSE: AHD) Holdings to Sell from Hold as they believe the company could potentially be in violation of its debt covenants as early as Q1. The company's target was lowered to $4 from $31.
- Oracle (NASDAQ: ORCL) was removed from Goldman's Conviction Buy List.
- Dover (NYSE: DOV) and Emerson Electric (NYSE: EMR) were downgraded to Underweight from Neutral at JP Morgan.
Analyst initiations:Continue reading Analyst calls: SNV, BASFY, AKZOY, FUL, GA, WLT, AHD, OZM, HOG, MRK
Posted Oct 20th 2008 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Daimler (DAI), Applied Materials (AMAT), ConocoPhillips (COP), Monster Worldwide (MNST), Analyst initiations
Analyst upgrades:
- Goldman upgraded Applied Materials (NASDAQ: AMAT) to Buy from Sell and added shares to its Conviction Buy List citing valuation. The firm also upgraded the Semiconductor Capital Equipment Sector to Attractive.
- Morgan Keegan believes Cisco Systems (NASDAQ: CSCO) will emerge from the slowdown as a stronger company with greater market share and expansion into adjacent markets. Shares were upgraded to Outperform from Market Perform.
- Pfizer (NYSE: PFE) was upgraded to Overweight from Equal Weight at Barclays.
- Daimler (NYSE: DAI) was upgraded at UBS to Neutral from Sell.
- Friedman Billings upgraded Mariner Energy (NYSE: ME) to Market Perform from Underperform on valuation and the company's upcoming catalysts in the deepwater GOM.
- Swiss Reinsurance (OTC: SWCEY) was raised to Buy from Hold at Citigroup.
Analyst downgrades:
- Intel (NASDAQ: INTC) was downgraded to Neutral from Buy at Goldman.
- Deutsche Bank cut Hess Corp (NYSE: HES) and Marathon Oil (NYSE: MRO) to Hold from Buy and Suncor (NYSE: SU) and ConocoPhillips (NYSE: COP) to Sell from Hold after cutting their oil price forecast for 2009 to $60/bbl and 2010 to $58/bbl.
- Merrill downgraded Akzo Nobel (OTC: AKZOY) to Neutral from Buy on expectations the company's coatings end markets will worsen and chemicals division will see pressure next year.
- Monster (NASDAQ: MNST) was lowered at Citigroup to Hold from Buy.
Continue reading Analyst calls: AMAT, CSCO, PFE, DAI, INTC, COP, MNST, SGP ...
Posted Jan 3rd 2008 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst initiations
MOST NOTEWORTHY: Vail Resorts, Peabody Energy and EnteroMedics were today's noteworthy initiations:
- Wachovia initiated Vail Resorts (NYSE: MTN) with an Outperform rating and said the company's real estate platform is not being valued at current valuation.
- Calyon believes Peabody Energy (NYSE: BTU) is well-positioned to take advantage of tightening global coal fundamentals and rising coal prices. The firm started shares with an Add rating and $70 target.
- EnteroMedics (NASDAQ: ETRM) was assumed with a Neutral rating at Cowen, as they believe the company lacks near-term catalysts ahead of EMPOWER results in 2H09.
OTHER INITIATIONS:
Posted Dec 6th 2007 11:05AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades
MOST NOTEWORTHY: Akzo Nobel, SureWest Communications and the cable sector were today's noteworthy upgrades:
- Deutsche Bank upgraded shares of Akzo Nobel (OTC: AKZOY) to Buy from Hold as they believe the company's growth and restructuring potential are being undervalued by the market.
- Jefferies raised its rating on SureWest Communications (NASDAQ: SURW) with to Buy from Hold. The firm believes the company's fiber network and strong cash position make it an attractive M&A target.
- Morgan Stanley upgraded the cable sector to Attractive from Cautious, also upgrading Comcast (NASDAQ: CMCSA) to Overweight from Equal Weight.
OTHER UPGRADES:
Posted Dec 3rd 2007 11:22AM by Eric Buscemi (RSS feed)
Filed under: Analyst initiations
MOST NOTEWORTHY: Vanguard National Resources, Fuqi and Ulta Salon were today's noteworthy initiations:
- Vanguard National (NYSE: VNR) was initiated at Jefferies with a Buy rating and $19 target, citing the company's yield premium to other MLPs, and at Wachovia with an Outperform rating on valuation and yield.
- Merriman believes Fuqi (NASDAQ: FUQI) strong brand and established wholesale distribution will drive increasing market share of China's jewelry market. The firm started shares with a Buy rating.
- William Blair resumed coverage of Ulta Salon (NASDAQ: ULTA) with an Outperform rating, as they believed the company's modest current market share and unique offering brings considerable opportunities to take further share from traditional department stores.
OTHER INITIATIONS:
- Goldman initiated Akzo Nobel (OTC: AKZOY) with a Buy rating and Holly Corp. (NYSE: HOC) with a Neutral rating and $63 target.
- CVR Energy (NYSE: CVI) was started with a Neutral rating and $27 target at Goldman and with a Buy rating and $27 target at Citigroup.
Posted Nov 19th 2007 11:15AM by Eric Buscemi (RSS feed)
MOST NOTEWORTHY: NYMEX, Imperial Chemical, Qualcomm and Infineon were today's noteworthy upgrades:
- Citigroup upgraded shares of NYMEX (NYSE: NMX) to Buy from Hold following the recent share weakness, as they believe record high oil will bring a period of extended energy volatility. Citigroup also believes NMX is the most likely takeover candidate among U.S. exchanges.
- JP Morgan raised its rating on Imperial Chemical (OTC: ICIYY) to Neutral from Overweight, as they believe the deal with Akzo Nobel (OTC: AKZOY) will go through and is positive for shareholders.
- JP Morgan also raised Qualcomm (NASDAQ: QCOM) to Overweight from Neutral to reflect the strong outlook for the QCT chip business as well as Qualcomm's product pipeline.
- Merrill Lynch upgraded shares of Infineon (NYSE: IFX) to Buy from Neutral on valuation, as they believe the current share price factors in no value for the company's 77.5% stake in Qimonda (NYSE: QI).
OTHER UPGRADES:
- Citigroup upgraded the bank sector to Overweight from Market Weight.
- UBS upgraded Caterpillar (NYSE: CAT) to Neutral from Sell.
- Credit Suisse upgraded VASCO Data Security (NASDAQ: VDSI) to Outperform from Market Perform.
- Best Buy (NYSE: BBY) was raised to Outperform from Market Perform at Wachovia.
Posted Nov 13th 2007 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Yahoo! (YHOO), Alcatel-LucentADS (ALU), Yamana Gold (AUY), Tyson Foods'A' (TSN),
MOST NOTEWORTHY: Tyson Foods, Unilever, Brooks Automation, Akzo Nobel and Yahoo! were today's noteworthy upgrades:
- Deutsche Bank upgraded shares of Tyson Foods (NYSE: TSN) to Buy from Hold on valuation and the potential for protein complex improvement.
- Goldman upgraded shares of Unilever (NYSE: UN) to Neutral from Sell to reflect the company's diversified product range and growing exposure to developing and emerging markets.
- Bear Stearns raised its rating on Brooks Automation (NASDAQ: BRKS) to Outperform from Peer Perform. The firm cited the company's compelling valuation and growth drivers.
- Akzo Nobel (OTC: AKZOY) was upgraded to Buy from Hold at SNS Securities, as they see absolute total return greater than 20%.
- CIBC upgraded Yahoo! (NASDAQ: YHOO) to Sector Outperformer from Sector Performer on valuation following the recent pullback and their analysis of Yahoo's non-operating assets. They believe Yahoo's stake in Alibaba Group is now worth about $4/share and raised their target to $31 from $28.
OTHER UPGRADES:
- First Analysis upgraded Spss Inc (NASDAQ: SPSS) to Overweight from Equal Weight.
- UBS upgraded Yamana Gold (NYSE: AUY) to Buy from Neutral.
- WestLB upgraded Alcatel-Lucent (NYSE: ALU) to Hold from Reduce.
- HSBC upgraded Posco (NYSE: PKX) to Overweight from Neutral.
Posted Oct 24th 2007 11:17AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Blockbuster Inc 'A' (BBI), Boston Scientific (BSX), Broadcom Corp'A' (BRCM), BHP Billiton Ltd ADR (BHP)
MOST NOTEWORTHY: Air France, BHP Billiton, AstraZeneca, Broadcom and Savvis were today's noteworthy downgrades:
- Goldman removed shares of Air France (NYSE: AKH) from its Conviction Buy List due to the increase in the price of fuel and the possibility of an economic slowdown.
- Goldman downgraded BHP Billiton (NYSE: BHP) to Neutral from Buy and removed the stock from its Pan-Europe Buy List due to valuation.
- Merrill Lynch downgraded shares of AstraZeneca (NYSE: AZN) to Sell from Neutral to reflect increased competition from generic-drug makers, a poor pipeline and slow earnings growth.
- Wachovia downgraded shares of Broadcom Corporation (NASDAQ: BRCM) to Hold from Buy to reflect valuation and the company's lower than expected Q3 results. Shares were also lowered to Hold from Buy at Deutsche Bank.
- Stanford lowered Savvis (NASDAQ: SVVS) to Hold from Buy and notes that the company's Q3 results and Q4 revenue guidance brings the company's 2007 revenue outlook $15M below the consensus, and advises investors to remain on the sidelines. The firm believes the company's strategy is sound, but that its execution has been slow.
OTHER DOWNGRADES:
Posted Aug 1st 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Home Depot (HD), Morgan Stanley (MS), Dow Chemical (DOW),
MAJOR PAPERS:
OTHER PAPERS:
- According to people familiar with the matter, Dow Chemical Company (NYSE: DOW), the largest chemicals group in the U.S., is considering making a counter-bid for ICI, which has a GBP7.8B bid from Akzo Nobel (NASDAQ: AKZOY), reported the Telegraph.
- The Telegraph reported that British Airways (OTC: BAIRY) has agreed to pay a fine of GBP121.5M to the U.K.'s Office of Fair Trading and will also pay a fine to the U.S. Department of Justice because of its involvement in an alleged price-fixing scandal.
WEBSITES:
- Home Depot Inc (NYSE: HD) has fired four purchasing managers for their involvement in a purchasing scandal involving millions of dollars in kickbacks regarding the display of flooring products, reported CBS News.