Continue reading Iron Mountain Issues Weak 2011 Forecast

Iron Mountain Issues Weak 2011 Forecast originally appeared on BloggingStocks on Tue, 05 Oct 2010 13:20:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Kaufman Bros. upgraded Baidu (BIDU) to buy from hold and raised its target price for shares to $690 from $540 after Google (GOOG) said it has stopped censoring its search services on Google.cn in China. The firm believes the Chinese government is likely to restrict access to Google's site now, a move that would benefit Baidu.
• Baird upgraded Autoliv (ALV) to outperform from neutral and raised its target to $60 from $47. The firm cites valuation and strong revenue performance for the upgrade.
• Jesup & Lamont upgraded Tiffany (TIF) to buy from hold following the company's Q4 results and better-than-expected guidance. The firm has a $55 price target for shares.
• Automatic Data Processing (ADP) was upgraded to neutral from underperform at Cowen.
• American Superconductor (AMSC) was upgraded to buy from hold at Jefferies.
• Saks (SKS) was upgraded to overweight from neutral at JPMorgan.

Continue reading Analyst Calls: ADP, BEC, BIDU, IRM, IBM, LH, SKS, TIF, WSM ...

Analyst Calls: ADP, BEC, BIDU, IRM, IBM, LH, SKS, TIF, WSM ... originally appeared on BloggingStocks on Tue, 23 Mar 2010 11:00:00 EST. Please see our terms for use of feeds.

Continue reading Closing Bell: Bad Close, but One Heck of a Year (T, IRM, WFC, YRCW, BIOD, AAPL, GE)

Closing Bell: Bad Close, but One Heck of a Year (T, IRM, WFC, YRCW, BIOD, AAPL, GE) originally appeared on BloggingStocks on Thu, 31 Dec 2009 16:00:00 EST. Please see our terms for use of feeds.

Iron Mountain (IRM) added to S&P 500 originally appeared on BloggingStocks on Tue, 30 Dec 2008 16:45:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Jefferies initiated McGraw-Hill (NYSE: MHP) with a Buy rating and $49 target. The firm believes the downturn in credit markets has already been fully priced into shares and expects the stock to gain momentum throughout 2008 in anticipation of liquidity returning to credit markets.
  
• RBC Capital initiated Curis (NASDAQ: CRIS) with an Outperform rating and $2.50 target based on the company's partnership with Genentech (NYSE: DNA) and potential upside from its pipeline.
  
• Merriman started Azure Dynamics (OTC: AZDDF) with a Buy rating. The firm believes the company's focus is where customers see the most benefit from a medium-duty hybrid or market-appropriate solutions and finds the stock attractively valued.

• Dr. Pepper Snapple (NYSE: DPS) was assumed with a Market Perform rating at Wachovia.
  
• Morgan Stanley started Chiquita Brands (NYSE: CQB) with an Equal Weight rating.
  
• Credit Suisse initiated Iron Mountain (NYSE: IRM) with a Neutral rating and $34 target.

Analyst initiations: MHP, CRIS, DPS, CQB, IRM and AZDDF originally appeared on BloggingStocks on Tue, 13 May 2008 12:12:00 EST. Please see our terms for use of feeds.

Safe storage and document management is a prime concern for any company. One of the most highly recognized and consulted experts in the business is headquartered in Boston.

Iron Mountain (NYSE: IRM) is one of the largest information storage firms in the world, offering comprehensive records management, data protection, regulatory compliance and disaster recovery services. The company handles paper documents, computer records, microfilms, tapes, X-rays and blueprints for more than 100,000 corporate clients throughout North America, Europe, Latin America and the Asia Pacific.

The firm surprised the Street late last month, when it reported Q3 EPS of 25 cents and revenues of $702 million. Analysts had been expecting 18 cents and $687.2 million. Management also guided FY07 revenues to $2.70-$2.72 billion ($2.69B consensus) and announced the acquisition of electronic discovery specialist Stratify. The news popped the shares out of an October "cup" into the November "handle" of a Cup & Handle formation. The price is now showing signs of completing the pattern with a bullish rise from the right-hand side of the "handle."

Brokers recommend the issue with four "strong buys," two "buys," three "holds" and a single "sell." Analysts expect a 19% average annual growth rate through the next five years. The IRM Price to Sales ratio (2.74), Price to Book ratio (4.15) and EPS Growth rate (92.31%), compare favorably with industry, sector and S&P 500 averages. Institutional investors hold about 95% of the outstanding shares. Over the past 52 weeks, the stock has traded between $25.05 and $38.16. A stop-loss of $31 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Iron Mountain (IRM): Growth in the paper trail originally appeared on BloggingStocks on Tue, 20 Nov 2007 16:05:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Merrill Lynch upgraded Kelly Services Inc (NASDAQ: KELYA) to Neutral from Sell and Iron Mountain Incorporated (NYSE: IRM) to Buy from Neutral after they adjusted estimates in the group to reflect risks of a recession in the U.S.
  
• AG Edwards upgraded shares of Covenant Transportation Group (NASDAQ: CVTI) to Buy from Hold as they believe the stock is oversold after the company was able to renegotiate its debt covenants without significant cost increases.
• Bernstein upgraded the biotech sector citing valuation and typical seasonality for the group. The firm reiterated shares of Amgen Inc (NASDAQ: AMGN), Genentech Inc (NYSE: DNA), Gilead Sciences Inc (NASDAQ: GILD), Celgene Corporation (NASDAQ: CELG) and Vertex Pharmaceuticals (NASDAQ: VRTX) with Outperform ratings...

• Netflix Inc (NASDAQ: NFLX) was upgraded to Hold from Sell at Wedbush. The firm also upgraded shares of Kenexa Corporation (NASDAQ: KNXA) to Buy from Hold.
  
• Deutsche Bank upgraded shares of United Microelectronics (NYSE: UMC) to Buy from Hold.
  
• UBS upgraded shares of Royal Dutch Shell (NYSE: RDS.A) to Buy from Neutral on valuation.
  
• Lehman Brothers upped regulated utilities to Neutral from Negative, and Public Service Enterprise Group (NYSE: PEG) and Wisconsin Energy Corporation (NYSE: WEC) to Overweight from Equal Weight.

Analyst upgrades 9-4-07: KELYA, IRM, CVTI and the biotech sector originally appeared on BloggingStocks on Tue, 04 Sep 2007 11:30:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Nollenberger believes SanDisk Corp (NASDAQ: SNDK) is going through a "tough patch" due to oversupply in the market and feels Micron Technology (MU) offers a better risk/reward at current levels; the firm started SanDisk with a Neutral rating and $42 target.

• WR Hambrecht started Universal Electronics (NASDAQ: UEIC) with a Hold on valuation.

• CIBC initiated Iron Mountain Inc (NYSE: IRM) with a Sector Performer.

• SuperValu (NYSE: SVU) was initiated at Credit Suisse with an Outperform rating. The firm expects investors to not fully appreciate SuperValu's robust earnings power and free cash flow following acquisition of Albertson's stores.

• RBC initiated Kayne Anderson Energy Development (NYSE: KED) with a Sector Perform as the firm believes limited publicly-available information on private investments makes valuations problematic.

Analyst initiations 2-26-07: SanDisk is going through a "tough patch," initiated with a Hold originally appeared on BloggingStocks on Mon, 26 Feb 2007 12:08:00 EST. Please see our terms for use of feeds.