MOS posts
FeedPosted Oct 10th 2009 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Coca-Cola (KO), PepsiCo (PEP), Alcoa Inc (AA), Clorox Co (CLX), Costco Wholesale (COST), Family Dollar Stores (FDO), Yum Brands (YUM), Marriott Intl'A' (MAR)
Continue reading Earnings highlights: Alcoa, Costco, Family Dollar, Marriott, PepsiCo, Yum! Brands ...
Posted Oct 8th 2009 12:20PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, eBay (EBAY), Adobe Systems (ADBE), AutoZone Inc (AZO), Clorox Co (CLX), Goldman Sachs Group (GS), Monster Worldwide (MNST), Analyst initiations, Broadcom Corp'A' (BRCM), Wells Fargo (WFC), Northrop Grumman (NOC)
Analyst upgrades:
- Deutsche Bank upgraded Clorox (NYSE: CLX) to Buy from Hold on valuation and believes upside to earnings forecasts is likely. The firm raised its target on shares to $66 from $65.
- Kaufman Bros. upgraded eBay (NASDAQ: EBAY) to Buy from Hold on expectations improved Marketplace fundamentals will serve as a positive catalyst for shares. The firm raised its price target on the stock to $29 from $22.
- Roth Capital believes Zumiez (NASDAQ: ZUMZ) is well positioned for improved results and margins. The firm, which upgraded shares to Buy from Hold and raised its target to $22 from $16, said September back-to-school results bode well for the holiday season and demonstrate that Zumiez can drive conversion during peak shopping periods.
- Northrop Grumman (NYSE: NOC) was upgraded to Sell from Conviction Sell at Goldman.
- Adobe (NASDAQ: ADBE) was upgraded to Outperform from Neutral at Baird.
- Monster Worldwide (NYSE: MWW) was upgraded to Overweight from Neutral at JPMorgan.
Continue reading Analyst upgrades, downgrades and initiations: ADBE, AZO, EBAY, GS, NOC, WFC ...
Posted Oct 4th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, PepsiCo (PEP), Alcoa Inc (AA), Family Dollar Stores (FDO), Yum Brands (YUM)
Alcoa Inc. (NYSE: AA) kicks off another earnings season this week, and analysts surveyed by Thomson Reuters are looking for another net loss for the third quarter. Can we take that as a sign of things to come, or as a bellwether for the economy? Well, barring a big downside surprise, this will be the third narrower quarterly loss for Alcoa. But while Alcoa beat estimates in July, it missed them in April. Alcoa's shares, on the other hand, are up 145.6% since the March low, which is well more than twice as much either the Dow or the S&P 500.
During its third quarter, New York-based Alcoa continued restructuring efforts, remained a part of the DJIA Sustainability Index, and declared a quarterly dividend. It is expected to report a net loss of $0.12 per share for the three months that ended in September. That compares to a profit of $0.37 in the same period of last year. Third-quarter revenue is forecast to have fallen 38.3% to $4.5 billion. Analysts so far expect to see a profit in the fourth quarter, but not for the full year. Alcoa has missed earnings expectations in three of the past four quarters. The long-term EPS growth forecast is 20.0%, again much better than the S&P 500. The First Call consensus recommendation is to hold AA; CNBC concurs that now is not the time to buy. At $12.82, shares are 30.0% higher than three months ago, but 33.4% lower than a year ago.
Continue reading The week in preview: Another earnings season begins: Alcoa, PepsiCo, Monsanto ...
Posted Sep 26th 2009 1:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Automatic Data Proc (ADP), AutoZone Inc (AZO), Bed Bath and Beyond (BBBY), Carnival Corp (CCL), ConAgra Foods (CAG), Costco Wholesale (COST), Research in Motion (RIMM), General Mills (GIS), Lowe's Cos (LOW), Lennar Corp'A' (LEN), Red Hat Inc (RHT), Activision Inc (ATVI), United Technologies (UTX), Rite Aid Corp (RAD), Potash Corp. of Saskatchewan (POT)
Continue reading Earnings highlights: AutoZone, Carnival, CarMax, ConAgra, General Mills, RIM ...
Posted Sep 21st 2009 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Apple Inc (AAPL), Hewlett-Packard (HPQ), Wal-Mart (WMT), Costco Wholesale (COST), Analyst initiations
Analyst upgrades:
- Roth Capital upgraded MicroStrategy (NASDAQ: MSTR) to Buy from Hold and raised its target to $90 from $70, citing encouraging Q2 results, new product cycle catalysts, a lift from Europe, and cost reductions.
- William Blair upgraded Costco (NASDAQ: COST) to Outperform from Market Perform after meeting with management as it believes sales and earnings could beat expectations over the next year.
- Credit Suisse upgraded Novellus (NASDAQ: NVLS) to Outperform from Neutral and raised its target to $29 from $23. The firm cites higher Samsung capex forecast, high leverage, and low expectations.
- Home Properties (NYSE: HME) and Equity Residential (NYSE: EQR) were upgraded to Outperform from Market Perform at FBC Capital, while Douglas Emmett (NYSE: DEI) and Duke Realty (NYSE: DRE) were raised to Market Perform from Underperform.
- Agilent (NYSE: A) was upgraded to Overweight from Equal Weight at Barclays.
- Cytec Industries (NYSE: CYT) was upgraded to Buy from Hold at KeyBanc.
Continue reading Analyst upgrades, downgrades and initiations: AAPL, COST, HPQ, JACK, MOS, NVLS, WMT ...
Posted Sep 21st 2009 10:30AM by Mark Fightmaster (RSS feed)
Filed under: Stocks to Buy, Potash Corp. of Saskatchewan (POT)
Late Friday,
Potash Corp. (NYSE:
POT)
cut its 2009 earnings guidance due to "lower than forecasted potash sales volumes" stemming from "slow demand and limited restocking by fertilizer distributors around the world." The fertilizer company now forecasts earnings between $3.25 and $3.75 per share, down from an earlier forecast of $4 to $5 per share. The company also expects third-quarter, per-share earnings to hit at the low end of its determined range between 80 cents and $1.20. The
consensus estimate calls for 93 cents per share.
POT had been a stellar performer, hitting a high in the $120 region earlier this year. However, the stock is now in the process of bouncing between the $84 level and its 20-week moving average. The current situation is currently better than the way 2008 ended.
Continue reading Potash Corp. lowers its earnings forecast
Posted Sep 14th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Microsoft (MSFT), Motorola (MOT), Alcoa Inc (AA), Analyst initiations, E*TRADE (ETFC)
Analyst upgrades:
- Kaufman Bros. upgraded Computer Sciences (NYSE: CSC) and Cognizant (NASDAQ: CTSH) to Buy from Hold on better demand trends as it believes overall enterprise IT spending is turning more positive. The firm raised its target on Computer Sciences to $62 from $54 and on Cognizant to $45 from $42.
- Citigroup upgraded E-Trade (NASDAQ: ETFC) to Buy from Hold as it believes loan less trends have improved and the company could potentially be acquired. Citi raised its target on shares to $2.30 from $1.50.
- Auriga upgraded Microsoft (NASDAQ: MSFT) to Buy from Hold as it believes consensus expectations for 2010 are too low, but admits the company's Q1 results could be fairly weak. Auriga believes Microsoft is coming up to its "most powerful product cycle in many years" and raised its price target on shares to $30 from $24.
- Motorola (NYSE: MOT) was upgraded to Buy from Neutral at UBS.
- Fidelity Southern (NASDAQ: LION) was upgraded to Neutral from Reduce at SunTrust.
- Sonoco Products (NYSE: SON) was upgraded to Buy from Neutral at BofA/Merrill.
Continue reading Analyst upgrades, downgrades and initiations: AA, ETFC, FIATY, MOT, MSFT, POT ...
Posted Aug 28th 2009 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst upgrades:
- Pacific Sunwear (NASDAQ: PSUN) was upgraded to Buy from Neutral by Pali Capital, which cited low expectations, new CEO experience, and compelling risk/reward for the upgrade.
- RBC Capital raised Aruba Networks (NASDAQ: ARUN) to Outperform from Sector Perform, based on increased visibility into wireless networking products.
- J. Crew (NYSE: JCG) was upgraded to Hold from Underperform by Needham after the company reported better-than-expected Q2 report and guidance.
- RBC Capital raised Lundin Mining (NYSE: LMC) to Outperform from Sector Perform, citing updated copper forecasts and valuation.
- Netezza (NYSE: NZ) was upgraded to Buy from Accumulate by ThinkEquity.
- Sanofi-Aventis (NYSE: SNY) was raised to Overweight from Neutral by JPMorgan.
- Williams-Sonoma (NYSE: WSM) was upgraded to Buy from Neutral by Goldman.
- Network Engines (NASDAQ: NENG) was raised to Buy from Hold by Cantor.
Continue reading Analyst upgrades, downgrades and initiations: BP, DIS, JCG, MOS, POT, PSUN ...
Posted Aug 13th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Nokia Corp. (NOK), Johnson and Johnson (JNJ), Analyst initiations
Analyst upgrades:
- Thomas Weisel upgraded PerkinElmer (NYSE: PKI) to Overweight from Market Weight on valuation as it sees limited downside to consensus estimates. The firm raised its target on shares to $20 from $18.
- Jefferies upgraded WuXi PharmaTech (NYSE: WX) to Hold from Underperform following the Q2 results as it believes the company's cross-selling strategy is paying off. The firm raised its target on shares to $12 from $5.
- FBR Capital upgraded J. Crew (NYSE: JCG) to Outperform from Market Perform to reflect the company's trend-right product, inventory control, unit growth, and strong management. The firm raised its target on shares to $36 from $25.
- Popular (NASDAQ: BPOP) was upgraded to Buy from Neutral at B. Riley.
- Pan American Silver (NASDAQ: PAAS) was upgraded to Buy from Neutral at UBS.
- HearUSA (AMEX: EAR) was upgraded to Buy from Hold at Roth Capital.
Continue reading Analyst upgrades, downgrades and initiations: AMTD, JCG, JNJ, MOS, NOK ...
Posted May 22nd 2009 10:00AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Boston Scientific (BSX), Analyst initiations, Rio Tinto plc ADS (RTP)
Analyst upgrades:
- Jefferies upgraded Aruba Networks (NASDAQ: ARUN) to Buy from Hold following the company's Q3 results to reflect improved visibility. The firm raised its target price to $6.50 from $3.
- Citigroup upgraded Mosaic (NYSE: MOS) and Potash (NYSE: POT) to Buy from Hold and Agrium (NYSE: AGU) to Hold from Sell as it believes stronger grain fundamentals more than offset China contract risk. The firm raised its target on Mosaic to $72 from $48, on Potash to $145 from $83 and on Agrium to $55 from $36.
- Fulton Financial (NASDAQ: FULT) Was upgraded to Market Perform from Underperform at Keefe Bruyette.
- Rio Tinto (NYSE: RTP) was raised to Neutral from Sell at Goldman.
- Noble Corp. (NYSE: NE) was upgraded at Deutsche Bank to Buy from Hold.
Continue reading Analyst upgrades, downgrades and initiations: ARUN, MOS, POT, AGU, EGLE, DO, MON, SWCEY, TDC and ABC
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