JSainsbury posts
FeedPosted May 19th 2008 11:35AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades
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MOST NOTEWORTHY: American Eagle, Hologic and British Airways were today's noteworthy downgrades:
- Friedman Billings downgraded American Eagle (NYSE: AEO) to Underperform from Market Perform citing slowing top-line growth, difficult macro-environment, and the challenging women's category.
- Soleil cut Hologic (NASDAQ: HOLX) to Hold from Buy as it believes the cancellation of the FDA Radiological Devices Panel means a further delay in the tomosynthesis pre-market approval application.
- ABN downgraded shares of British Airways (Other OTC: BAIRY) to Sell from Hold as it believes the recent rally in the face of higher oil prices is unjustified. Shares were also lowered at Deutsche Bank to Sell from Buy as it believes the company may not be able to raise ticket prices enough to offset higher fuel costs.
OTHER DOWNGRADES:
Posted May 15th 2008 10:57AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades
MOST NOTEWORTHY: J. Sainsbury, Orthofix and Salary.com were today's noteworthy downgrades:
- Merrill Lynch downgraded J. Sainsbury (Other OTC:JSAIY) to Sell from Neutral following the company's quarterly results; Deutsche Bank downgraded shares to Sell from Hold as they believe the company's results show it has lost momentum.
- ThinkPanmure downgraded Orthofix (NASDAQ:OFIX) to Source of Funds from Accumulate citing the loss of Osteocel, which will impact growth.
- Wachovia cut Salary.com (NASDAQ:SLRY) to Market Perform from Outperform citing concerns that FY09 will be a challenging given significant increases in investment for sales and marketing.
OTHER DOWNGRADES:
Posted May 13th 2008 11:33AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Hewlett-Packard (HPQ),
MOST NOTEWORTHY: Smith & Nephew, British Sky Broadcasting and Electronic Data Systems were today's noteworthy downgrades:
- Smith & Nephew (NYSE: SNN) was cut to Underweight from Neutral at JP Morgan, citing deteriorating fundamentals in several of SNN's key business lines.
- Goldman removed British Sky Broadcasting (NYSE: BSY) from its Conviction Buy List and said shares continue to trade at all-time low multiples and that the timing with Sky-Virgin dispute remains unclear. Shares remain Buy rated.
- Friedman Billings downgraded Electronic Data Systems (NYSE: EDS) to Market Perform from Outperform based on valuation following the Hewlett-Packard (NYSE: HPQ) news.
OTHER DOWNGRADES:
- Goldman downgraded J Sainsbury (OTC: JSAIY) to Neutral from Buy and removed shares from the Conviction Buy List.
- Goldman also removed Hewlett-Packard from its Conviction Buy List.
- Citigroup cut BearingPoint (NYSE: BE) to Hold from Buy.
- Wachovia downgraded LHC Group (NASDAQ: LHCG) to Market Perform from Outperform.
Posted Mar 14th 2008 11:32AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades
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MOST NOTEWORTHY: UCBH Holdings, National Atlantic Holdings and J Sainsbury were today's noteworthy downgrades:
- Friedman Billings downgraded UCBH Holdings (NASDAQ: UCBH) to Market Perform from Outperform. The firm said the departure of auditor PWC could not have come at a worse time following the recent CFO replacement and the credit-quality-related adverse change to Q4 earnings in the 10-K.
- Citigroup cut National Atlantic Holdings (NASDAQ: NAHC) to Hold from Buy after the company announced plans to merger with a subsidiary of Palisades Safety and Insurance.
- Goldman removed J Sainsbury (OTC: JSAIY) from the Conviction Buy List on fears that stagflation could impact earnings.
OTHER DOWNGRADES:
Posted Aug 6th 2007 9:10AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Kroger Co (KR), Sears Holdings (SHLD), Kohl's Corp (KSS), , Martha Stewart Living Omnimedia (MSO)
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MAJOR PAPERS:
- According to the Wall Street Journal, citing a person familiar with the matter, Bear Stearns Companies Inc (NYSE: BSC) plans to give its top trader, Warren Spector, the ax.
- The Wall Street Journal reported that Kroger (NYSE: KR) announced last week that it would stop selling milk that carried synthetic hormones that are made by Monsanto Company (NYSE: MON), despite the FDA saying the hormones are safe.
- A group of financial experts predicted that the U.S. will enter a recession soon, due to inflation, the economic prescriptions of a Democratic president, and the housing market meltdown, reported Barron's Magazine.
OTHER PAPERS:
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
Closing Bell: The recession is still over, still... do you feel it?
