Analyst Upgrades

• Standpoint Research upgraded Bank of America (BAC) to accumulate from hold based on valuation.
• UBS upgraded First Solar (FSLR) to buy from neutral and raised its price target to $150 from $136. The firm believes global solar demand will be higher than expected in 2010 and 2011.
• Goldman upgraded Lowe's (LOW) to buy from neutral and has a $24 target on the stock. The firm upgraded shares given the company's margin recovery which will drive EPS growth in 2H10.
• Zep Inc. (ZEP) was upgraded to buy from neutral at Janney Montgomery.
• Rosetta Resources (ROSE) was upgraded to buy from neutral at SunTrust.
• Matrixx Initiatives (MTXX) was upgraded to buy from hold at Roth Capital.

Continue reading Analyst Calls: BAC, BIDU, COCO, FSLR, GPC, LOW, ROSE, SHIP, UTA ...

Analyst Calls: BAC, BIDU, COCO, FSLR, GPC, LOW, ROSE, SHIP, UTA ... originally appeared on BloggingStocks on Mon, 23 Aug 2010 10:30:00 EST. Please see our terms for use of feeds.

Matrixx Initiatives (NASDAQ: MTXX), maker of the allegedly scent-stealing Zicam nasal swabs, tumbled to a new annual low this morning on news that the Securities and Exchange Commission (SEC) is launching an informal inquiry. The SEC is requesting documents and other information regarding the warning letter issued to Matrixx by the U.S. Food and Drug Administration.

Last week, the FDA told consumers to stop using certain nasally administered Zicam products after the agency received more than 130 complaints from users who lost their sense of smell. Matrixx has defended its homeopathic, over-the-counter offerings, calling the safety concerns "erroneous," but the firm settled hundreds of lawsuits in 2006 with consumers making the same allegations.

Continue reading Matrixx Initiatives plummets to 11-year low on SEC inquiry

Matrixx Initiatives plummets to 11-year low on SEC inquiry originally appeared on BloggingStocks on Tue, 23 Jun 2009 13:00:00 EST. Please see our terms for use of feeds.

Continue reading Closing Bell: Sentiment shifts to 'show me!' (AMGN, BBY, MTXX, NWS, RIMM)

Closing Bell: Sentiment shifts to 'show me!' (AMGN, BBY, MTXX, NWS, RIMM) originally appeared on BloggingStocks on Tue, 16 Jun 2009 16:00:00 EST. Please see our terms for use of feeds.

• UBS upgraded Nokia (NYSE: NOK) to Buy from Neutral as it believes the company's product portfolio is recovering.
  
• Canaccord upgraded Google (NASDAQ: GOOG) to Buy from Hold and raised its target to $450 from $300. The analyst said industry checks indicate deteriorating search conditions have started to improve in late March and notes that the market is already pricing in a weak Q1.
  
• Wachovia upgraded CGI (NYSE: GIB) to Outperform from Market Perform. In addition to valuation, the firm cited the company's defensive profile, comfort with its fiscal 2009 estimates, and its expectation that the company will continue to have strong signings.
• Siliconware Precision (NASDAQ: SPIL) was raised to Overweight from Neutral at HSBC.
  
• Matrixx Initiatives (NASDAQ: MTXX) was lifted to Buy from Hold at Roth Capital.

Continue reading Analyst upgrades, downgrades and initiations: NOK, GOOG, IHG, PETS ...

Analyst upgrades, downgrades and initiations: NOK, GOOG, IHG, PETS ... originally appeared on BloggingStocks on Thu, 26 Mar 2009 11:40:00 EST. Please see our terms for use of feeds.

• Jefferies upgraded Check Point Software (NASDAQ: CHKP) to Buy from Hold as they believe the recently acquired Nokia security appliance business should drive 2009 revenue and EPS meaningfully higher. The firm raised their target price to $27 from $20.
  
• Goldman upgraded Motorola (NYSE: MOT) to Buy from Neutral and added shares to its Conviction Buy List. The firm expects shares to outperform even if phones don't given the overly negative value for the business.
  
• Research in Motion (NASDAQ: RIMM) was upgraded to Outperform from Sector Perform at RBC Capital. The firm cites improving margin visibility and execution, and lowered expectations for the upgrade.
• Ares Capital (NASDAQ: ARCC) was upgraded to Neutral from Underweight at JP Morgan.
  
• Canadian Pacific (NYSE: CP) was raised at Canaccord to Buy from Hold.
  
• Lloyds TSB (NYSE: LYG) was upgraded to Buy from Neutral at UBS.

• JP Morgan downgraded Venoco (NYSE: VQ) to Underweight from Overweight based on valuation and debt concerns.
  
• UBS downgraded MEMC Electronic (NYSE: WFR) to Neutral from Buy, added shares to the Short-Term Sell List and lowered their target to $14.50 from $20. The firm believes 2009 wafer sales will be much worse than expected.
  
• Deutsche Bank downgraded SINA (NASDAQ: SINA) to Hold from Buy to reflect integration risks from the recent acquisition of Focus Media's digital OOH assets as they see little room for near-term upside.
• Palm (NASDAQ: PALM) was lowered to Neutral from Overweight at JP Morgan.
  
• Polo Ralph Lauren (NYSE: RL) was cut to Sell from Neutral at Goldman.
  
• Telus (NYSE: TU) was downgraded at Banc of America/Merrill to Underperform from Neutral.

• Societe Generale believes HSBC (NYSE: HBC) will need to cut its dividend and raise additional capital in order to strengthen its capital base. Shares were initiated with a Sell rating.
  
• Citigroup initiated United Technologies (NYSE: UTX) with a Hold rating and $55 target. The firm sees downside risk to the company's guidance and believes consensus estimates could be too high.
  
• B. Riley assumed Matrixx Initiatives (NASDAQ: MTXX) with a Buy rating and $22 target. The firm finds shares attractively valued and sees limited downside risk from current levels.
• ASML Holding (NASDAQ: ASML) was initiated at Deutsche Bank with a Hold rating.

Analyst upgrades, downgrades and initiations: CHKP, MOT, RIMM, PALM, RL, HBC ... originally appeared on BloggingStocks on Tue, 20 Jan 2009 12:10:00 EST. Please see our terms for use of feeds.