ID posts
FeedPosted Jan 14th 2009 11:36AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, JPMorgan Chase (JPM), Electronic Arts (ERTS), Analyst initiations, Blackstone Group L.P (BX)
.gif)
Analyst upgrades:
- Oppenheimer assumed coverage of Sohu (NASDAQ:SOHU) and upgraded shares to Outperform from Perform as they believe the company is better positioned in an uncertain economy. The firm thinks strength in online games could lead to EPS upside and raised their target to $61 from $53.
- Allegiant (NASDAQ:ALGT) was upgraded to Buy from hold at Jesup & Lamont on valuation following the recent weakness.
- Suntrust upgraded Prosperity Bancshares (NASDAQ:PRSP) to Buy from Neutral based on valuation. The firm maintains a $30 target on shares.
- LaBranche (NYSE:LAB) was upgraded to Buy from Sell at Goldman.
- AU Optronics (NYSE:AUO) was raised to Overweight from Neutral at HSBC.
- Core Laboratories (NYSE:CLB) was upgraded to Overweight from Neutral at JP Morgan.
Analyst downgrades:
- Jefferies downgraded shares of BPZ Resources (AMEX:BPZ) to Underperform from Hold as they believe the decline in oil prices and the uncertain credit markets has placed considerable pressure on the company's operations in northwest Peru. The firm maintains a $5 target on the stock.
- UBS downgraded StatoilHydro (NYSE:STO) and Repsol SA (NYSE:REP) to Neutral from Buy as they expect 2009 to be a difficult year for European oil and gas companies.
- Bernstein downgraded Heinz (NYSE:HNZ) to Market Perform from Outperform and lowered their target to $42 from $62 citing foreign exchange impact and commodity pressures.
- Blackstone Group (NYSE:BX) was downgraded to Underweight from Overweight at Barclays.
- Siemens (NYSE:SI) was lowered to Neutral from Buy at Banc of America/Merrill.
- Pride International (NYSE:PDE) was cut to Underweight from Neutral at JP Morgan.
Analyst initiations:
- Kaufman Bros. believes GT Solar's (NASDAQ:SOLR) equipment orders are at a bottom and that shares are undervalued. Shares were initiated with a Buy rating and $7 target.
- Jefferies assumed L-1 Identity (NYSE:ID) with a Buy rating and $11 target. The firm believes concerns over the company's sensitivity to government budget priorities and elevated levels of debt are overdone.
- JP Morgan (NYSE:JPM) was started at Keefe Bruyette with a Market Perform rating and $30 target. Keefe Bruyette sees limited catalysts for the stock as they expect credit headwinds and subdued investment banking revenues to persist over the near-term.
- Legg Mason (NYSE:LM) and T. Rowe Price (NASDAQ:TROW) were initiated with an Equal Weight rating at Barclays.
- Electronic Arts (NASDAQ:ERTS) was initiated at Janney Mongtomery with a Neutral rating.
- Friedman Billings reinitiated U.S. Bancorp (NYSE:USB) with an Underperform rating and $17 target.
Posted Nov 20th 2008 11:11AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Boston Scientific (BSX), Analyst initiations, VeriFone Holdings (PAY)
.gif)
Analyst upgrades:
- Societe General upgraded BASF AG (OTC: BASFY) to Buy from Hold. The firm believes the bad news is out and that BASF has a strong market position.
- Pali Capital upgraded Hot Topic (NASDAQ: HOTT) to Buy from Neutral based on the ongoing merchandise catalyst, the opportunity to reclaim the mainstream kid and closing underperforming stores, which create the most favorable conditions in the last 5+ years.
- Stanford upgraded L-1 Identity (NYSE: ID) to Buy from Hold on valuation, and the firm sees little risk to the company from the Obama Administration.
- Gymboree (NASDAQ: GYMB) and Windstream (WIN) were raised to Overweight from Neutral at JP Morgan.
- Doral Financial (NYSE: DRL) was upgraded at B. Riley to Buy from Neutral.
- Alumina (NYSE: AWC) was upgraded to Buy from Neutral at UBS.
Analyst downgrades:
- Credit Suisse downgraded Targanta (NASDAQ: TARG) to Underperform from Outperform following the FDA Panel's rejection of Oritavancin.
- Citigroup downgraded BASF AG (OTC: BASFY) to Sell from Hold and sees no reason to own the stock following the company's profit warning. Shares were also downgraded at WestLB to Hold from Add.
- Deutsche Bank downgraded shares of Amedisys (NASDAQ: AMED) to Hold from Buy and lowered its target to $53 from $75 on concerns over the company's deteriorating A/R aging trends.
- VeriFone Holdings (NYSE: PAY) and Navios Maritime (NYSE: NMM) were lowered to Neutral from Overweight at JP Morgan.
- NTT DoCoMo (NYSE: DCM) was downgraded at Citigroup to Hold from Buy.
Analyst initiations:
- Needham expects shares of Cepheid (NASDAQ: CPHD) to be driven by continued market penetration in the hospital acquired infection market, new test introductions, GeneXpert Infinity sales, and molecular diagnostics growth from sales outside of traditional molecular testing areas. Shares were initiated with a Buy rating and $21 target.
- Needham also initiated Gen-Probe (NASDAQ: GPRO) with a Hold rating and expects market share gains for the company when PANTHER is approved in 2010/2011.
- William Blair believes Harbin Electric (NASDAQ: HRBN) is an "interesting" opportunity for exposure to rapid growth in infrastructure within the People's Republic of China. The firm started shares with a Market Perform rating.
- Boston Scientific (NYSE: BSX) was initiated with a Buy rating and $11 target at UBS.
- NutriSystem (NASDAQ: NTRI) was initiated with a Neutral rating at Janney Montgomery.
- Ener1 (NYSE: HEV) was assumed at JMP Securities with an Outperform rating and $9 target.
Posted Jan 9th 2008 6:34PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy
Most investors/readers are aware that digital technology is enabling companies/organizations both large and small to deploy high-tech security technology, and in this segment L-1 Identity Solutions is worth an evaluation.
L-1 Identity Solutions, Inc. (NYSE:
ID) develops face, finger, and iris recognition technologies used for protecting and securing personal identities and assets.
Analysts like L-1's wide operational base, as the company serves federal, civil, criminal, commercial, border and management clients. About 28-30% of L-1's revenue stems from contracts with the U.S. Government.
The Reuters FY 2007/FY 2008 EPS consensus estimates for ID are $-0.0to /$0.24.
Further, although some analysts have taken a more-cautious stance toward L-1's near-term prospects, the sense here is that the company's recent $20 million contract with the State of South Carolina to provide ID digital fingerprinting further demonstrates L-1's ability to secure contracts away from large, federal clients.
Continue reading L-1 Identity believes you can learn a great deal from someone's eyes
Posted Jul 6th 2007 10:15AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst initiations
MOST NOTEWORTHY: Majesco Entertainment (COOL), Glu Mobile (GLUU) and Cache, Inc (CACH) were today's noteworthy initiations:
- Nollenberger believes Majesco Entertainment (NASDAQ: COOL) is an attractive turnaround story on track to start delivering accelerating revenue growth with expanding margins and started shares with a Buy rating and $3.00 target.
- Nollenberger started Glu Mobile (NASDAQ: GLUU) with a Neutral rating, citing concerns about competitive pressures, summer seasonality, IPO lockup expiration and valuation.
- JP Morgan's believes Cache Inc's (NASDAQ: CACH) initiatives, including loyalty and credit card programs, show the potential for longer term growth, but the uncertainty in the women's apparel space makes the company cautious, and started shares off with a Neutral rating...
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Apr 25th 2007 11:52AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Brinker Intl (EAT), JetBlue Airways (JBLU)
MOST NOTEWORTHY: Today's more noteworthy downgrades included L-1 Identity Solutions, Inc (ID), THQ Inc (THQI), JetBlue Airways Corp (JBLU), Brinker International, Inc (EAT) and Lexmark International, Inc (LXK):
- THQ Inc (NASDAQ: THQI) was cut to Neutral from Buy at Banc of America, as the firm believes further upside to estimates is limited.
- JetBlue Airways (NASDAQ: JBLU) was cut to Neutral from Add at Calyon and to Peer Perform from Outperform at Bear Stearns following reduced guidance and higher fuel costs.
- JP Morgan downgraded Brinker International (NYSE: EAT) to Neutral from Overweight citing challenging fundamentals after the restructuring announcement. Stephens cut Brinker International to Equal Weight from Overweight.
- Elsewhere, Citigroup cut Lexmark Int'l (NYSE: LXK) to Hold from Buy with a $58 target based on valuation...
OTHER DOWNGRADES:
- Punk, Ziegel & Co downgraded KeyCorp (NYSE: KEY) to Sell from Market Perform.
- CIBC downgraded Ipsco Inc (NYSE: IPS) to Sector Underperformer from Sector Performer on valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Apr 19th 2007 11:47AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Merck and Co (MRK), Analyst initiations
MOST NOTEWORTHY: Jamba, Inc (JMBA), Quiksilver Inc (ZQK), Volcom, Inc (VLCM) and Interactive Data Corp (IDC) were today's noteworthy downgrades:
- Oppenheimer believes Jamba (NASDAQ: JMBA) is in the early stages of a solid top- and-bottom-line growth story and is one of the few opportunities today that offers sizable square foot growth, revenue and earnings growth, all with several years of visibility.
- Quiksilver Inc (NYSE: ZQK) was initiated with an Accumulate rating and $14 target at ThinkEquity.
- ThinkEquity also initiated shares of Volcom Inc (NASDAQ: VLCM) with a Buy rating.
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Posted Feb 22nd 2007 11:30AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, ValueClick Inc (VCLK)
MOST NOTEWORTHY: Pharmion Corp (PHRM), Genesis Microchip (GNSS) and SanDisk Corp (SNDK) were some of today's most notable downgrades:
- Pharmion Corp (NASDAQ: PHRM) was downgraded to Sell from Source of Funds at ThinkEquity, citing valuation.
- Matrix USA downgraded Genesis Microchip Inc (NASDAQ: GNSS) to Strong Sell from Hold to reflect a share decline in revenues; they also believe shares are overvalued relative to the sector.
- SanDisk Corp (NASDAQ: SNDK) was cut to Hold from Buy at WR Hambrecht. The firm said it has learned that a crack in the IP story has occurred, as Samsung has found a way to significantly reduce its royalty payments to SanDisk on its finished SD cards that it is currently shipping. The firm said this step by Samsung puts at risk ~15% of SanDisk royalty revenues as early as Q2:07, as Samsung is no longer willing to pay the 8% royalty rate to SanDisk on NAND MLC SD cards.
OTHER DOWNGRADES:
- Stephens downgraded Group 1 Automotive Inc (NYSE: GPI) to Equal Weight from Overweight following disappointing Q1 results.
- JMP Securities downgraded Flanders Corp (NASDAQ: FLDR) to Market Perform from Outperform.
- Oppenheimer cut ValueClick Inc (NASDAQ: VCLK) to Neutral from Buy on valuation.
- Matrix USA downgraded L-1 Identity Solutions (NYSE: ID) to Sell from Buy on valuation.
- Goldman took Medco Health Solutions Inc (NYSE: MHS) off its Conviction Buy List, citing valuation.
- Raymond James lowered Hiland Holdings (NASDAQ: HPGP) rating to Outperform from Strong Buy.
- JP Morgan cut Waters Corp (NYSE: WAT) to Neutral from Overweight based on valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jan 25th 2007 11:34AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news,
MOST NOTEWORTHY: WCI Communications Inc (WCI) and L-1 Identity Solutions Inc (ID) topped today's list of downgrades:
- JMP Securities downgraded shares of WCI Communications Inc (NYSE: WCI) to Underperform from Market Perform to reflect the negative Q4 pre-announcement and lower-than-expected traditional home net orders.
- L-1 Identity Solutions Inc (NYSE: ID) was downgraded to Sell from Neutral at Oppenheimer, noting that the Transportation Security Administration is prepared to award the Transportation Worker Identification Card contract to Lockheed instead of L-1.
OTHER DOWNGRADES:
- General Dynamics Corp (NYSE: GD) was downgraded to Hold from Buy by AG Edwards, citing valuation.
- Matrix USA downgraded Microtune Inc (NASDAQ: TUNE) to Strong Sell from Sell on valuation.
- Convergys Corp (NYSE: CVG) was downgraded to Sell from Hold, with a $22 target, based on valuation.
- BancFirst Corp (NASDAQ: BANF) was downgraded to Underperform from Market Perform, with a $45 target, at Keefe Bruyette following the disappointing Q4 report.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
Posted Jan 25th 2007 8:54AM by Jon Ogg (RSS feed)
Filed under: Before the bell, Analyst reports, Corning Inc (GLW), Broadcom Corp'A' (BRCM)
Broadcom Corp. (NASDAQ:BRCM) was raised to Buy at UBS after the company said it was back within listing requirements despite the co-founder is being audited by the company. Stock indicated up almost 2% pre-market.
Buffalo Wild Wings (NASDAQ:BWLD) looks like the street is questioning some values or saying the stock needs a breather: it was cut to Neutral at Cowen, cut to Buy from Aggressive Buy at KeyBanc/McDonald, started as Market Perform at Morgan Keegan. This was also a Cramer pick.
Corning Inc. (NYSE:GLW) was raised to Buy at Citigroup after beating earnings and running up 9% yesterday; stock up almost 2% again pre-market.
L-1 Identity Solutions (NYSE:ID) was cut to Sell at Oppenheimer based on valuations; stock trading down almost 2% pre-market.
Nice Systems (NASDAQ:NICE) was cut to Market Perform at Friedman Billings Ramsay. Watch this one because it was one of Cramer's picks (but back in October) so may have more traffic than normal. Stock down almost 2% pre-market.
Here is the first part of the
Goldman Sachs research notes and here is the rest of the
full research list of upgrades and downgrades from 24/7 Wall St.
Why isn't Bank of America updating its shareholders on CEO situation?
Before the bell: Futures sharply lower on Dubai's debt problems
Will Rich Ross really have a positive impact on Disney's movie operations?
