AOL Money & Finance

ARQL posts

Feed

Analyst downgrades: Garmin, Express Scripts, ArQule

Posted Jan 9th 2008 11:49AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Garmin Ltd (GRMN)

MOST NOTEWORTHY: Garmin, Express Scripts and ArQule were today's noteworthy downgrades:
  • Deutsche Bank downgraded shares of Garmin Ltd. (NASDAQ: GRMN) to Hold from Buy and lowered their target to $90 from $125 after channel checks at CES raised concerns about competitive pressure in the U.S. and pricing. Deutsche sees increasing uncertainty for 2008.
  • Express Scripts (NASDAQ: ESRX) was lowered to Market Perform from Outperform based on valuation and risk to 2008 guidance.
  • Banc of America downgraded shares of ArQule (NASDAQ: ARQL) to Neutral from Buy following the departure of CEO Dr. Stephen Hill, to reflect greater execution risk and uncertainty.
OTHER DOWNGRADES:
  • Keefe Bruyette downgraded IberiaBank (NASDAQ: IBKC) to Underperform from Market Perform.
  • JMP Securities lowered Red Lion Hotels (NYSE: RLH) to Market Outperform from Strong Buy.
  • Bear Stearns downgraded Family Dollar (NYSE: FDO) to Underperform from Peer Perform.

IPO & secondary weekly preview: Blackstone Group, Hertz, Omniture

Posted Jun 11th 2007 10:10AM by Joseph Lazzaro (RSS feed)
Filed under: SEC filings, Other issues, Deals, Blackstone Group L.P (BX)

Wall Street's equity market offers a solid slate this week - with five IPOs and ten Secondaries on the docket.

Those deals tentatively scheduled to price include:

IPOs:
  • Day Undetermined:
    • The Blackstone Group (BX), a 133.3M-share IPO. Morgan Stanley and Citigroup are the lead managers. Filing range: $29.00-$31.00.
  • Tuesday
    • Biofuel Energy (BIOF), a 9.5M-share IPO for this ethanol company. JP Morgan Chase, Citigroup, and AG Edwards are the lead managers. Filing range: $16.00-$18.00.
  • Wednesday
    • Bway (BWY), an 11.765M-share IPO for this container company. Goldman Sachs and the Bank of America are the lead managers. Filing range: $16.00-$18.00.
    • GeoVera Insurance (GEOV), a 5.99M-share IPO for this residential insurance company. JP Morgan Chase and Merrill Lynch are the lead managers.
  • Thursday
    • Aegerion Pharmaceuticals (AEGR), a 5M-share IPO for this cardiovascular medicines company. Lehman Brothers is the lead manager. Filing range: $12.00-$14.00.

Continue reading IPO & secondary weekly preview: Blackstone Group, Hertz, Omniture

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 06:11 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

Most Commented On (14 days)

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

  • My Portfolio
  • Create a New Portfolio

BloggingStocks Partners

More from AOL Money & Finance