- Credit Suisse upgraded Sprint Nextel (S) to outperform from neutral and raised its target to $6 from $4. The firm believes Sprint Nextel's core business is turning and that valuation is attractive. Credit Suisse also added Sprint Nextel to its Focus List.
- Goldman expects Nordstrom (JWN) to benefit from a recovery in the high-end consumer. The firm upgraded shares to buy from neutral and raised its target to $41 from $39.
- Deutsche Bank remains cautious on the Dry Bulk sector long-term but expects increased Q4 day rates. The firm upgraded Genco (GNK) to buy from hold and raised its target to $31 from $24; the firm also upgraded Eagle Bulk (EGLE) to hold from sell.
- Steelcase (SCS) was upgraded to buy from hold at BB&T.
- United Rentals (URI) was upgraded to outperform from perform at Oppenheimer.
- GLG Partners (GLG) was upgraded to outperform from market perform at Keefe Bruyette.
- Ladish (LDSH) was upgraded to outperform from market perform at FBR Capital.
AZN posts
FeedAnalyst upgrades, downgrades and initiations: DLTR, JCP, JWN, LEA, RIMM, S ...
Continue reading Analyst upgrades, downgrades and initiations: DLTR, JCP, JWN, LEA, RIMM, S ...
Earnings highlights: Abercrombie, Blockbuster, Disney, Macy's, Walmart ...
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Abercrombie & Fitch Co. (ANF) lower Q3 results still topped expectations and sent shares higher.
- Applied Materials Inc. (AMAT) posted much better-than-expected Q4 earnings, the first profit in a year.
- AstraZeneca (AZN) received an analyst's downgrade due to concerns over its earnings prospects.
- Blackstone Group (BX) received an analyst's upgrade following the company's Q3 results.
- Blockbuster Inc. (BBI) widened its net loss in Q3 and revenue and same-stores sales declined.
- Clean Energy Fuels Corp. (CLNE) shares declined after its Q3 numbers fell short of expectations.
- Consolidated Water Co. Inc. (CWCO) earnings prospects for 2010 earned it an analyst upgrade.
Continue reading Earnings highlights: Abercrombie, Blockbuster, Disney, Macy's, Walmart ...
Analyst upgrades, downgrades and initiations: ARO, AZN, BNI, BRCD, HBC, MRK, TIF ...
- Goldman upgraded Aeropostale (ARO) to neutral from sell. The firm, which has a $34 target on the stock, cites the recent sell-off in shares for the upgrade.
- Janney Montgomery upgraded Consolidated Water (CWCO) to buy from neutral on valuation and on expectations the company's earnings will recover in 2010. The firm has a $15 target on the stock.
- Wunderlich upgraded Transmontaigne Partners (TLP) to buy from hold on valuation as it believes the sell-off on the company's Q3 results is overdone. The firm keeps a $26.50 price target on the stock.
- Mobile TeleSystems (MBT) was upgraded to buy from neutral at UBS.
- HSBC (HBC) was raised to buy from hold at Societe Generale.
- Redwood Trust (RWT) was upgraded to outperform from market perform at JMP Securities.
Analyst upgrades, downgrades and initiations: ANF, AZN, BX, GPS, PH, RAIL, VRSN ...
- Keefe Bruyette upgraded Blackstone Group (BX) to outperform from market perform following the company's Q3 results and maintains an $18.50 price target on shares.
- Baird upgraded Astec (ASTE) to outperform from neutral citing relative valuation and upside from new multi-year U.S. highway funding legislation. The firm raised its target to $33 from $27.
- Goldman upgraded Abercrombie & Fitch (ANF) to conviction buy from neutral citing "significant" long-term growth drivers that include international growth. The firm raised its target to $45 from $36.
- Ariad Pharmaceuticals (ARIA) was upgraded to overweight from neutral at JPMorgan.
- Energizer (ENR) was upgraded to overweight from equal weight at Morgan Stanley.
- AstraZeneca (AZN) was upgraded to buy from hold at RBS.
Continue reading Analyst upgrades, downgrades and initiations: ANF, AZN, BX, GPS, PH, RAIL, VRSN ...
Analyst upgrades, downgrades and initiations: AZN, HPQ, KO, MA, SCHW, USB ...
- FBR Capital upgraded U.S. Bancorp (NYSE: USB) and New York Community Bancorp (NYSE: NYB) to Market Perform from Underperform to reflect a new valuation framework. The firm raised its target on U.S. Bancorp to $21 from $14 and on New York Community Bancorp to $10 from $9.
- Stephens upgraded Insulet (NASDAQ: PODD) to Overweight from Equal Weight to reflect the company's top-line growth prospects and reasonable expectations. The firm raised its target on shares to $14 from $8.
- Baird upgraded Athenahealth (NASDAQ: ATHN) to Outperform from Neutral and raised its target to $46 from $37 based on expectations for revenue and gross margin expansion, and relative valuation.
- Broadcom (NASDAQ: BRCM) was upgraded to Overweight from Equal Weight at Barclays.
- Phillips-Van Heusen (NYSE: PVH) was upgraded to Buy from Neutral at BofA/Merrill.
- Reliant Energy (NYSE: RRI) was upgraded to Conviction Buy from Neutral at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: AZN, HPQ, KO, MA, SCHW, USB ...
Analyst upgrades, downgrades and initiations: AZN, AZO, BBBY, CAH, CPN, LLL, LTD ...
- FBR Capital upgraded AutoZone (NYSE: AZO) to Market Perform from Underperform on valuation following the company's Q4 results but lowered its target on shares to $134 from $137.
- Citigroup upgraded Calpine (NYSE: CPN) to Buy from Hold on valuation following Wednesday's sell-off. The firm believes Harbinger's share sale reflects an issue with the shareholders, not with the company, and raised its price target on the stock to $16.50 from $13.
- Credit Suisse upgraded Knight Transportation (NYSE: KNX) to Neutral from Underperform and raised its target to $17 from $16 based on valuation and the improved freight environment.
- Citrix Systems (NASDAQ: CTXS) was upgraded to Conviction Buy from Buy at Goldman.
- Webster Financial (NYSE: WBS) was upgraded to Outperform from Sector Perform at RBC Capital.
- Dr. Reddy's Labs (NYSE: RDY) was upgraded to Overweight from Equal Weight at Morgan Stanley.
AstraZeneca & General Dynamics: Financial strength
"Investors considering high-yield stocks should consider financial strength; in our quantitative model, Quadrix, we assess profit margins, interest coverage, and debt levels," says Richard Moroney.
In Dow Theory Forecasts, a newsletter that has been published for over 5 decades -- he looks at two stocks that score high in this area: drug manufacturer, AstraZeneca (NYSE: AZN) and defense industry player, General Dynamics (NYSE: GD). Here, the advisor reviews the two companies.
"AstraZeneca's operating cash flow jumped 24% in the first half of 2009, allowing the company to retire $3 billion in debt since the end of 2008.
Continue reading AstraZeneca & General Dynamics: Financial strength
Good news for a new AstraZeneca drug
There is good news surfacing for pharmaceutical firm AstraZeneca (NYSE: AZN) this morning. Turns out a new drug produced by AZN helps reduce heart patients' chances of dying by more than 20% when compared to the standard treatment. The drug is designed to prevent blood clots in heart patients. The study followed 18,624 patients from 2006 to 2008, with roughly half taking rival medicine Plavix and the other half taking AZN's Brilinta. The results show that patients taking Brilinta had a 4.5% chance of dying, compared to a 5.9% chance for patients on Plavix.
Analyst upgrades, downgrades and initiations: AZN, BCS, JACK, MVL, PCLN, UA ...
- Oppenheimer upgraded Gymboree (NASDAQ: GYMB) to Outperform from Perform following the company's Q2 results to reflect valuation and square footage growth from Crazy 8. The firm has a $52 target on the stock.
- KeyBanc upgraded Lululemon (NASDAQ: LULU) to Buy from Hold on expectations sales and margins will improve in the near-term due to clean inventory levels. The firm recommends a pair trade of long Lululemon, short Under Armour (NYSE: UA).
- Keefe Bruyette upgraded Allied Capital (NYSE: ALD) to Market Perform from Underperform following the company's Q2 results and raised its target on shares to $3.50 from $1.
- Jack in the Box (NASDAQ: JACK) was upgraded to Overweight from Neutral at JPMorgan.
- LogMeln (NASDAQ: LOGM) was upgraded to Overweight from Neutral at Piper Jaffray.
- Barclays (NYSE: BCS) was reinstated with an Outperform from Neutral at Credit Suisse.
Continue reading Analyst upgrades, downgrades and initiations: AZN, BCS, JACK, MVL, PCLN, UA ...
Global pharma favorites
In a review of the pharmaceutical sector, Chuck Carlson selects his favorite International stocks which also offer direct-purchase plans for U.S. investors.
Here's a look at two of these stocks -- United Kingdom-based AstraZeneca (NYSE: AZN) and Denmark-based Novo Nordisk (NYSE: NVO) -- from his The DRIP Investor, a newsletter focused on long-term, high quality investments.
"AstraZeneca is a leading pharmaceutical firm. The company boasts a portfolio that includes 11 products that generate more than $1 billion each in annual sales.
Analyst upgrades, downgrades and initiations: CI, CCE, JBLU, LIZ, LLL
- Oppenheimer upgraded FTI Consulting (NYSE:FCN) to Outperform from Perform on expectations the stock will outperform in the second half of 2009 due to easier comparisons and a "deeper and longer" restructuring cycle. The firm has a $62 target on shares.
- Citigroup upgraded Cigna (NYSE:CI) to Hold from Sell to reflect reduced balance sheet risk following the company's capital raise and the potential for a PBM sale. The firm raised its target price to $23 from $13.
- Goldman expects Coca-Cola Enterprises (NYSE:CCE) to benefit from favorable soda demand and lower commodity costs. The firm upgraded shares to Conviction Buy from Buy and has a $20 target on the stock.
- Novellus (NASDAQ:NVLS) was raised to Buy from Neutral at Bank of America/Merrill.
- CME Group (NASDAQ:CME) was upgraded at JP Morgan to Neutral from Underweight.
- Allegiant (NASDAQ:ALGT) was upgraded to Overweight from Equal Weight at Morgan Stanley.
Continue reading Analyst upgrades, downgrades and initiations: CI, CCE, JBLU, LIZ, LLL
AstraZeneca (AZN) gets good trial results from heart attack drug
AstraZeneca (NYSE: AZN - option chain) shares are rising today after the company said its experimental heart pill, Brilinta, was more effective at preventing heart attacks and strokes in a large clinical trial than Plavix, a drug made by competitors Sanofi-Aventis (NYSE: SNY) and Bristol-Myers Squibb (NYSE: BMY). If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on AZN.AZN opened this morning at $38.16. So far today the stock has hit a low of $37.83 and at 11:25 is trading at the days high of $38.21, up 2.07 (5.7%). The chart for AZN looks neutral and S&P gives AZN a neutral 3 STARS (out of 5) hold ranking.
Continue reading AstraZeneca (AZN) gets good trial results from heart attack drug
Don't fear the swine flu . . . trade it
I remember Toronto during SARS. As one of the harder hit areas, it was not a happy place. It was the end of winter, but that miserable, cold winter just didn't want to end. People walked the streets in a gloomy haze, afraid to take the subway and giving dirty looks to anyone brazen enough to cough in public. Worse, I couldn't even visit a friend in the hospital. All things considered though, in global pandemic terms, it was over relatively quickly. Let's hope swine flu will be the same.In the meantime, let's put on our investors hats and see what's in store for some stocks:
Travel and tourist stocks
This is one of the worst hit areas, especially airlines, as people may cancel their travel plans. For example, AMR Corp. (NYSE: AMR) traded over 9 percent lower an hour after the open. Royal Caribbean Cruises (NYSE: RCL) was down over 15 percent. In fact UBS downgraded these airlines and hotels this morning: AMR, Continental Airlines (NYSE: CAL), Host Hotels and Resorts (NYSE: HST), Lasalle Hotel Properties (NYSE: LHO), Marriott (NYSE: MAR), United Airlines (NASDAQ: UAUA), US Airways (NYSE: LCC). Carnival Cruise Lines (NYSE: CCL) also declined considerably. Best to stay away from the sector.
Analyst upgrades, downgrades and initiations: BT, NFLX, AZN, PFE ...
Analyst upgrades:- Deutsche Bank upgraded BT Group (NYSE: BT) to Buy from Hold as it believes the company's Q4 results could remove uncertainty and cost cutting initiatives could drive upside.
- Baird upgraded Stanley Works (NYSE: SWK) to Outperform from Neutral and raised their target to $42 from $34 citing valuation, solid execution, and growth potential.
- Citigroup upgraded Netflix (NASDAQ: NFLX) to Buy from Hold as it believes the recent sell-off presents an attractive buying opportunity. The firm believes Netflix has one of the best earnings outlooks in the internet sector and increased its target price to $52 from $37.
- AstraZeneca (NASDAQ: AZN) was upgraded to Buy from Neutral at UBS.
- Joy Global (NYSE: JOYG) and Bucyrus (NYSE: BUCY) were raised to Buy from Neutral at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: BT, NFLX, AZN, PFE ...
Analyst upgrades, downgrades and initiations: LNC, AZN, APOL, PNRA ...
Analyst upgrades:- Banc of America/Merrill upgraded Lincoln National (NYSE: LNC) to Buy from Underperform and raised its target to $17 from $10 citing expectations that the company will "qualify for and accept TARP funding."
- Credit Suisse upgraded AU Optronics (NYSE: AUO) to Outperform from Neutral as it believes inventory levels are low end demand is better than expected.
- JP Morgan upgraded Shaw Group (NYSE: SGR) to Overweight from Neutral. The firm views the recent pullback in shares as a buying opportunity given the company's attractive nuke position and expected ramp in government spending.
- Patterson-UTI Energy (NASDAQ: PTEN) was upgraded to Buy from Neutral at Goldman.
- Barrick Gold (NYSE: ABX) was raised to Overweight from Market Weight at Thomas Weisel.
- Stryker (NYSE: SYK) was lifted to Sector Perform from Underperform at RBC Capital.
Continue reading Analyst upgrades, downgrades and initiations: LNC, AZN, APOL, PNRA ...







