CanadianPacific posts
FeedPosted Nov 9th 2007 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, eBay (EBAY), Applied Materials (AMAT)
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MOST NOTEWORTHY: Sonus Networks, Kenexa, Canadian Pacific, Applied Materials and Powerwave Tech were today's noteworthy upgrades:
- Merriman upgraded Sonus Networks (NASDAQ: SONS) to Neutral from Sell following its win at BT Group (NYSE: BT) for its ASX platform, which the firm believes endorses the company's technology.
- Cantor upgraded Kenexa (NASDAQ: KNXA) to Buy from Hold. The firm finds the stock being 40%+ off due to the 3Q weak earnings report as quite an overreaction and believes there is more than enough upside to advise buying shares. Management announced a 2M share buyback program.
- Shares of Canadian Pacific (NYSE: CP) was upgraded to Sector Outperformer from Sector Performer at CIBC, as they believe the strong Canadian Dollar and the delay in STB approval of the DM&E acquisition is priced into shares.
- Applied Materials (NASDAQ: AMAT) was upgraded to Outperform from Neutral at JP Morgan and to Buy from Hold at Citigroup; Citigroup expects capex revisions to start to reverse in mid-08 and views solar as a free option.
- Piper Jaffray raised its rating on Powerwave Technologies (NASDAQ: PWAV) to Outperform from Market Perform on valuation and seasonally strong Q4 capex trends.
OTHER UPGRADES:
- eBay (NASDAQ: EBAY) was upgraded to Outperform from Market Perform at Piper Jaffray.
- Morgan Joseph upgraded Perini (NYSE: PCR) to Buy from Hold and Shuffle Master (SHFL) to Hold from Sell.
- Goldman upgraded China Petroleum & Chemical Corp (NYSE: SNP) to Buy from Neutral.
Posted Jul 19th 2007 11:07AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Bad news, Valero Energy (VLO), Johnson Controls (JCI),
MOST NOTEWORTHY: Statoil (STO), BG Group (BRG), Repsol (REP), Flow International (FLOW) and the refining sector were today's more noteworthy downgrades:
- Matrix USA downgraded Flow International (NASDAQ: FLOW) to Strong Sell from Hold, citing weak demand from Asian customers that led to slowing sales growth.
- Bernstein downgraded the refining sector to Underperform and refiners Sunoco (NYSE: SUN) and Valero Energy (NYSE: VLO) to Underperform from Market Perform...
OTHER DOWNGRADES:
- Canadian Pacific (NYSE: CP) was cut to Neutral from Outperform at Credit Suisse; RBC Capital downgraded CP shares to Sector Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Mar 20th 2007 11:21AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Nokia Corp. (NOK), Texas Instruments (TXN), Analyst initiations, Teva Pharm Indus ADR (TEVA), CKE Restaurants (CKR)
MOST NOTEWORTHY: CKE Restaurants. Inc (CKR), Texas Instruments Inc (TXN), SurModics, Inc (SRDX), Nokia Corp (NOK) and DirecTV Group, Inc (DTV) were today's notable initiations:
- Wedbush initiated CKE Restaurants (NYSE: CKR) with a Buy rating and $25 target.
- Wachovia resumed coverage of Texas Instruments Inc (NYSE: TXN) with an Outperform rating, as the firm believes that TXN's fundamentals have bottomed and the valuation is attractive.
- SurModics Inc (NASDAQ: SRDX) was initiated with an Underperform rating and $28 target at Piper Jaffray. Piper doesn't see a near-term catalyst to move shares higher given a lack of visibility regarding new licenses.
- Nokia (NYSE: NOK) was initiated at Nollenberger with a Neutral rating.
- HSBC started DirecTV (NYSE: DTV) with an Underweight rating and $21 target.
OTHER INITIATIONS:
- Stanford initiated Armor Holdings, Inc (NYSE: AH) with a Buy rating and $80 target.
- Wedbush initiated Jack in the Box Inc (NYSE: JBX) with a Hold rating and $68 target, citing the company's operational improvements and benefits from ongoing refranchising and share repurchases are fully reflected in the stock price.
- Canadian Pacific Railway Ltd (NYSE: CP) was initiated with a Sector Performer rating at CIBC.
- Stifel initiated Medical Properties Trust, Inc (NYSE: MPW) with a Hold rating.
- Bear Stearns initiated Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA) with a Peer Perform rating.
- Thomas Wiesel initiated shares of Cepheid (NASDAQ: CPHD) and Luninex Corp (NASDAQ: LMNX) with Overweight ratings.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Mar 6th 2007 11:17AM by Kevin Shult (RSS feed)
Filed under: Before the bell, eBay (EBAY), Amazon.com (AMZN), Analyst initiations, YRC Worldwide (YRCW),
MOST NOTEWORTHY: YRC Worldwide Inc (YRCW), Baidu.com, Inc (BIDU), an several e-commerce names were today's more notable initiations:
- Prudential started YRC Worldwide Inc (NASDAQ: YRCW) with an Underweight rating and $41 target. The firm said recent organizational changes could be a distraction in what it expects to be a challenging first-half of 2007.
- Susquehanna views Baidu.com Inc (NASDAQ: BIDU) as a strategic holding in its China portfolio and expects the company's massive brand value to drive continuous growth; shares were initiated at Susquehanna with a Positive rating.
- Oppenheimer initiated three e-commerce names today:
- eBay Inc (NASDAQ: EBAY) was initiated with a Buy rating and $38 target
- Overstock.com, Inc (NASDAQ: OSTK) and Amazon.com, Inc (NASDAQ: AMZN) were initiated with Neutral ratings.
OTHER INITIATIONS:
- In addition to YRC Worldwide, Prudential initiated several companies in the transportation sector:
- Con-Way Inc (NYSE: CNW) was started with an Underweight rating and $47 target
- Canadian Pacific Railway (NYSE: CP) and Norfolk Southern (NYSE: NSC) were initiated with Overweight ratings
- Canadian National Railway (NYSE: CNI) was initiated with a Neutral rating and $47 target.
- Jefferies initiated Forest Oil Corp (NYSE: FST) with a Buy rating and $42 target.
- Citigroup believes aQuantive, Inc (NASDAQ: AQNT) will be one of the key beneficiaries of the strong secular growth in online advertising and they note that shares are trading in the lower half of its 52-week range; shares were initiated with a Buy rating and $33 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Posted Jan 23rd 2007 11:53AM by Kevin Shult (RSS feed)
Filed under: Before the bell, MasterCard Inc'A' (MA), Analyst initiations
MOST NOTEWORTHY: The Railroad Sector and Obagi Medical (OMPI) were today's most notable initiations:
- Calyon Securities initiated coverage on the following stocks, all with Neutral ratings, including Burlington Northern Santa Fe Corp (NYSE: BNI), Canadian National Railway Co (NYSE: CNI), Canadian Pacific Ltd (NYSE: CP), CSX Corp (NYSE: CSX), Norfolk Southern Corp (NYSE: NSC).and Union Pacific Corp (NYSE: UNP).
- Obagi Medical (NASDAQ: OMPI) was initiated by Baird with an Outperform rating and $13 target; CIBC started the specialty pharmaceutical company with a Sector Outperformer rating and $14 target, saying the company is a pure play in the rapidly-growing aesthetics market and has expectations that the company's growth will accelerate due to the rise in physician-dispensed products.
OTHER INITIATIONS:
- MasterCard Inc (NYSE: MA) was initiated with a Neutral rating at Merrill Lynch.
- Xoma Ltd (NASDAQ: XOMA) was initiated with a Market Outperform rating at Rodman & Renshaw. The firm said XOMA's antibody technology licenses and manufacturing provide an important source of consistent and growing commercial revenues. Additionally, the broker said Raptiva is becoming a more meaningful contributor.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
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