ASX posts
FeedPosted Feb 13th 2009 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Dell (DELL), Sun Microsystems (JAVA), Palm Inc (PALM), Analyst initiations, Marvell Technology Group (MRVL)
Analyst upgrades:
- UBS upgraded STMicroelectronics (NYSE: STM) to Neutral from Sell and Advanced Semiconductor (NYSE: ASX) to Buy from Neutral as it is seeing early signs of stabilization in the semiconductor industry.
- Jefferies upgraded VCA Antech (NASDAQ: WOOF) to Hold from Underperform as it does not see significant downside in the stock given the low expectations. It raised its target price to $22 from $15.
- Baird upgraded Sigma Designs (NASDAQ: SIGM) to Outperform from Neutral and raised its target to $16 from $9 as it expects revenue growth to resume in 2009 driven by IPTV end-demand.
- Goldman removed Dell (NASDAQ: DELL) from the Conviction Sell List.
- Portfolio Recovery (NASDAQ: PRAA) was raised to Market Perform from Underperform at Keefe Bruyette.
- Post Properties (NYSE: PPS) was upgraded at Deutsche Bank to Hold from Sell.
Continue reading Analyst upgrades, downgrades and initiations: DELL, JAVA, POT, PALM ...
Posted Dec 26th 2007 11:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Google (GOOG), General Motors (GM), Berkshire Hathaway (BRK.A), Toyota Motor Corp. (TM)
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MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that last minute shopping in the days before Christmas salvaged a slight increase in overall retail sales for the season, but the total still fell short of predictions with gasoline-price inflation factored out. According to MasterCard SpendingPulse, total U.S. retail sales, excluding automobile sales, rose 3.6% for the holiday season spanning the day after Thanksgiving to midnight Monday.
- Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) announced it would pay $4.5 billion for a 60% stake in Marmon Holdings, an industrial conglomerate. The deal, Mr. Buffett said, is Berkshire's largest acquisition outside of the insurance industry, reported the Wall Street Journal.
- The Wall Street Journal reported that Toyota Motor (NYSE: TM) said it aims to boost global sales by 5% in 2008 to 9.85 million cars, pulling further ahead of rival General Motors (NYSE: GM). Toyota also said it expects global sales this year of 9.36 million vehicles, up 6% from 2006.
OTHER PAPERS:
- Japan's NTT DoCoMo (NYSE: DCM) is in talks with Google Inc. (NASDAQ: GOOG) to strengthen its business alliance in a bid to upgrade services for its mobile phone users, DoCoMo officials said Tuesday, reported Bloomberg.
WEBSITES:
- Advanced Semiconductor (NYSE: ASX) has laid off over 40 workers at its flip chip substrate plant in northern Taiwan and has reportedly suspended a plan to expand its FC substrate capacity, DigiTimes.com reported.
Posted Sep 27th 2007 11:10AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Aetna Inc (AET), Analyst initiations
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MOST NOTEWORTHY: Gander Mountain, Lev Pharmaceuticals, Intermune, Aetna and Medco Health were today's noteworthy initiations:
- Nollenberger initiated shares of Gander Mountain Company (NASDAQ: GMTN) with a Sell rating and $5.00 target, and believes the company's goal of reaching profitability in 2007 could prove overly optimistic.
- Lev Pharmaceuticals (OTC: LEVP) was initiated with a Sector Outperformer rating and $3 target at CIBC, as the firm believes Cinryze will likely be approved in 1Q08 and they expect the company to have significant pricing leverage.
- JP Morgan resumed coverage of Intermune Inc (NASDAQ: ITMN) with an Overweight rating and expects shares to be driven by the company's pipeline in IPF and HCV.
- Aetna Incorporated (NYSE: AET) was initiated with an Outperform rating at Wachovia. The firm feels Aetna is positioned for better growth and higher quality earnings than its peers.
- William Blair started shares of Medco Health Solutions Inc (NYSE: MHS) with an Outperform rating, as they believe an aging population, rising health care costs, and an acceleration in new product introductions should increase demand for PBM services over the next five years.
OTHER INITIATIONS:
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
Corrections, seasonality and Santa Claus
