CNC posts
FeedPosted Dec 17th 2008 12:38PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Apple Inc (AAPL), Amazon.com (AMZN), American Express (AXP), Allegheny Technologies (ATI), Analyst initiations
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Analyst upgrades:
- UBS upgraded Kansas City Southern (NYSE:KSU) to Buy from Neutral and lowered its target to $26 from $35 citing valuation.
- Gabelli upgraded Media General (NYSE:MEG) to Hold from Sell because the firm thinks that Harbinger Capital has sold most of its shares in the company. As a result, the firm thinks the stock will be under less selling pressure.
- Eagle Bulk Shipping (NASDAQ:EGLE) was upgraded to Neutral from Underperform at Merrill Lynch.
- Centene (NYSE:CNC) was raised to Buy from Neutral at Goldman.
- Ralcorp (NYSE:RAH) was upgraded at Credit Suisse to Outperform from Neutral.
- Interpublic Group (NYSE:IPG) was upgraded to Equal Weight from Underweight at Morgan Stanley.
Analyst downgrades:
- Keefe Bruyette downgraded Healthcare Realty(NYSE:HR) to Market Perform from Outperform on concerns the company's development activity could be dilutive to near-term earnings.
- Citigroup downgraded Satyam (NYSE:SAY) to Sell from Buy as they believe the company's acquisition plans, and subsequent cancellation of the deals, will lessen investor confidence in the name.
- Oppenheimer downgraded Apple (NASDAQ:AAPL) to Perform from Outperform citing Steve Jobs cancellation of his annual key note speech at Macworld on January 6. The analyst said the unexpected announcement underscores Apple's long-term dependence on Job's health and its lack of succession plan.
- Baird downgraded Carlisle NYSE:CSL)to Neutral from Outperform.
- Gibraltar Industries (NASDAQ:ROCK) was downgraded at Piper Jaffray to Sell from Buy.
- NetApp (NASDAQ:NTAP) was cut to Accumulate from Buy at ThinkPanmure.
Analyst initiations:
- Citigroup believes the acquisition of Barr enhances Teva's (NASDAQ:TEVA) growth. The firm started shares with a Buy rating and $52 target.
- Suntrust initiated American Express (NYSE:AXP) with a Reduce citing slowing growth and greater-than-industry deterioration in credit quality.
- Roth Capital initiated The Buckle (NYSE:BKE) with a Hold rating and $17 target citing the deteriorating macro environment.
- Amazon.com (NASDAQ:AMZN) and Allegheny Tech (NYSE:ATI) were assumed with Neutral ratings and targets of $52 and $26, respectively, at UBS.
- Digital Realty (NYSE:DLR) was initiated at Piper Jaffray with a Buy rating.
- Mylan (NYSE:MYL) was started with an Overweight rating and $15 target at JP Morgan.
Posted Oct 19th 2007 10:23AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Brinker Intl (EAT), Sprint Nextel Corp (S)
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MOST NOTEWORTHY: Centene, Brinker International, Harmonic, Idex and Royal Dutch Shell were today's noteworthy upgrades:
- Jefferies upgraded shares of Centene Corporation (NYSE: CNC) to Buy from Hold as they expect the company is benefiting from above 20% revenue growth next year and SG&A leverage opportunity over the next 12–18 months.
- Bear Stearns upgraded shares of Brinker International (NYSE: EAT) to Outperform from Peer Perform as they believe Brinker's turnaround efforts can enhance shareholder value.
- Friedman Billings raised shares of Harmonic (NASDAQ: HLIT) to Outperform from Market Perform based on the favorable outlook for cable and satellite spending on HD video and other projects.
- The firm also upgraded Idex Corporation (NYSE: IEX) to Outperform from Market Perform, citing the company's positive 2008 outlook and solid end markets.
- Goldman upgraded Royal Dutch Shell (NYSE: RDS.A) to Neutral from Sell on valuation.
OTHER UPGRADES:
Posted Oct 12th 2007 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Sprint Nextel Corp (S), Safeway Inc (SWY)
MOST NOTEWORTHY: Sprint Nextel, Safeway, PharmaNet Development, Millennium Pharmaceutical and Telefonica were today's noteworthy upgrades:
- Wachovia upgraded shares of Sprint Nextel Corporation (NYSE: S) to Outperform from Market Perform as they believe the company is within six months of reaching a sustainable turnaround in subscriber growth and that investor expectations can not get much lower.
- CIBC upgraded shares of Safeway Stores Inc (NYSE: SWY) to Sector Outperformer from Sector Performer after the company's strong quarter in a challenging environment.
- Jefferies raised its rating on PharmaNet Development Group Inc (NASDAQ: PDGI) to Buy from Hold as they believe the company should achieve leverage in margins after executing its turnaround.
- Millennium Pharmaceuticals Inc (NASDAQ: MLNM) was upgraded to Outperform from Neutral at Baird. The firm said expectations for Millennium and Velcade are low and would be buyers for the quarter given the ASH meeting and downstream pipeline visibility.
- Telefonica SA (NYSE: TEF) was upgraded to Buy from Hold at Citigroup following the company's earnings growth guidance.
OTHER UPGRADES:
Posted Aug 22nd 2007 10:50AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Federal Natl Mtge (FNM), Analyst initiations, Stocks to Buy, Stocks to Sell
MOST NOTEWORTHY: Riverbed Technology (RVBD), Silicon Storage (SSTI), Regal Entertainment (RGC), Fannie Mae (FNM) and Freddy Mac (FRE) were today's more noteworthy initiations:
- CIBC initiated shares of Riverbed Technology (NASDAQ: RVBD) with a Sector Performer rating, citing valuation. The firm believes the mobile opportunity is a wild card, and cites increased Cisco Systems (CSCO) risk.
- Silicon Storage (NASDAQ: SSTI) as announced several new products in late 2006 and 1H07 with shipments expected to start in 2H07 along with significant revenues in 2008; Barrington initiated shares with a Market Perform rating.
- Ferris Baker Watts initiated Regal Entertainment (NYSE: RGC) with a Neutral rating, seeing annual top-line growth only in the low- to mid-single digits.
- Fox-Pitt Kelton believes both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are finally set to emerge from restatement issues with new accounting procedures and operating systems in place, initiating both companies with an Outperform rating...
OTHER INITIATIONS:
- Needham initiated Tennant (NYSE: TNC) with a Buy rating.
- CIBC started Centene (NYSE: CNC) with a Sector Performer rating.
- Deutsche initiated Thomson (NYSE: TOC) with a Buy rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jun 20th 2007 11:18AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Home Depot (HD), Colgate-Palmolive (CL), NYSE Euronext (NYX), Time Warner Cable (TWC)
MOST NOTEWORTHY: CNOOC Ltd (CEO), NYSE EuroNext (NYX), Time Warner Cable (TWC), Digital River (DRIV) and Home Depot (HD) topped today's more noteworthy upgrades:
- Credit Suisse upgraded shares of CNOOC Ltd (NYSE: CEO) to Outperform from Neutral to reflect projections for output growth...
- Piper upgraded NYSE Euronext (NYSE: NYX) to Market Perform from Underperform as they believe the risk/reward is balanced following the completion of the Euronext acquisition. They believe shares can move higher if the company's market share is stabilized...
- Bear upgraded shares of Time Warner Cable (NYSE: TWC) to Outperform from Peer Perform citing the integration of the L.A. systems, which they feel is progressing smoothly, and potential for increased equity returns...
- Jefferies upgraded shares of Digital River (NASDAQ: DRIV) to Buy from Hold on valuation as they find the risk/reward attractive at current levels and believe new customers such as Microsoft (MSFT) and Electronic Arts (ERTS) will diversify the company's revenue base...
- Home Depot (NYSE HD) was upgraded to Buy from Hold at Stifel following the company's sale of its HD Supply unit, as well as its $22.5B repurchase program...
OTHER UPGRADES:
- BB&T upgraded Airgas (NYSE: ARG) to Buy from Hold.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Feb 7th 2007 11:22AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news,
MOST NOTEWORTHY: Forest Laboratories Inc (FRX), The St. Joe Co (JOE) and Tyco Int'l Ltd (TYC) topped today's list of downgrades:
- Following the withdrawal of Orapem, Forest Laboratories Inc (NYSE: FRX) was downgraded to Sell from Hold at Citigroup, with a $47 target, given the company's dependence on two products and early stage pipeline.
- The St. Joe Co (NYSE: JOE) was downgraded to Underperform from Market Perform at Wachovia, citing valuation and secondary-home sale activity which continues to pressure steady primary-home activity in core markets; BB&T also downgraded St. Joe, to Hold from Buy on valuation.
- Deutsche Bank downgraded Tyco Int'l Ltd (NYSE: TYC) to Hold from Buy on valuation with a $33 target, as they find shares fairly valued heading into the separation.
OTHER DOWNGRADES:
- Bank of America downgraded Alltel Corp (NYSE: AT) to Neutral from Buy on valuation and lowered its target to $58 from $66.
- UBS downgraded Sohu.com Inc (NASDAQ: SOHU) to Neutral from Buy, with a $28 target, following second-quarter results. Lehman Brothers downgraded Sohu.com to Equal Weight from Overweight on the news.
- Merrill Lynch downgraded Centerne Corp (NYSE: CNC) to Sell from Neutral.
- Merrill also downgraded Ingersoll-Rand Co Ltd (NYSE: IR) to Neutral from Buy, citing weakness in the residential market and execution uncertainty for the downgrade.
- Bank of America downgraded Post Properties Inc (NYSE: PPS) to Sell from Hold following the company's Q4 report and guidance.
- BB&T downgraded Oakley Inc (NYSE: OO) to Hold from Buy on valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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