NYB posts
FeedPosted Aug 7th 2010 10:30AM by Ted Allrich (RSS feed)
Filed under: Comfort Zone Investing
With the market showing some signs of life, it's easy to believe there's a rally about to happen. Not just a few hundred points, but a real rally that will take the Dow Jones Industrial Average above 11,000. Not gonna happen.
While earnings have been good in many sectors (stellar in tech), the overall economic picture continues to point to an even slower economy. Even the Fed heads advise to keep our expectations low. Housing prices aren't moving up, except in a few regions. Employment isn't improving. While interest rates are low, no one wants to borrow, especially if they've been laid off for six months. Companies are sitting on billions in cash, looking to spend on more tech but not people.
Continue reading Comfort Zone Investing: Five Dividend Plays
Posted Dec 7th 2009 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, duPont(E.I.)deNemours (DD), Analyst Initiations
Analyst Upgrades
- FBR Capital upgraded New York Community Bancorp (NYB) to outperform from market perform following the FDIC-assisted acquisition of AmTrust. The firm raised its target price on shares to $16 from $11.
- Oppenheimer upgraded Brocade (BRCD) to outperform from perform to reflect valuation, low investor expectations, and the company's potential to gain market share in IP/Ethernet switching. The firm set a target price of $8.50 on shares.
- Stifel Nicolaus upgraded National Health Investors (NHI) to buy from hold following the announcement that the litigation vs. Care Foundation has been dismissed. The firm has a $37 target on the stock.
- American Express (AXP) was upgraded to neutral from underperform at BofA/Merrill.
- ACE Ltd. (ACE) was upgraded to buy from neutral at Goldman.
- Kohl's (KSS) was raised to outperform from neutral at Baird.
Continue reading Analyst upgrades, downgrades and initiations: AAP, AXP, BRCD, DD, H, KSS, NYB, SI ...
Posted Sep 29th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hewlett-Packard (HPQ), Coca-Cola (KO), Analyst Initiations
Analyst upgrades:
- FBR Capital upgraded U.S. Bancorp (NYSE: USB) and New York Community Bancorp (NYSE: NYB) to Market Perform from Underperform to reflect a new valuation framework. The firm raised its target on U.S. Bancorp to $21 from $14 and on New York Community Bancorp to $10 from $9.
- Stephens upgraded Insulet (NASDAQ: PODD) to Overweight from Equal Weight to reflect the company's top-line growth prospects and reasonable expectations. The firm raised its target on shares to $14 from $8.
- Baird upgraded Athenahealth (NASDAQ: ATHN) to Outperform from Neutral and raised its target to $46 from $37 based on expectations for revenue and gross margin expansion, and relative valuation.
- Broadcom (NASDAQ: BRCM) was upgraded to Overweight from Equal Weight at Barclays.
- Phillips-Van Heusen (NYSE: PVH) was upgraded to Buy from Neutral at BofA/Merrill.
- Reliant Energy (NYSE: RRI) was upgraded to Conviction Buy from Neutral at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: AZN, HPQ, KO, MA, SCHW, USB ...
Posted May 7th 2009 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, AT and T (T), Bank of America (BAC), Morgan Stanley (MS), Verizon Communications (VZ), Analyst Initiations, Symantec Corp (SYMC), Lloyds TSB Group plc ADS (LYG), Rio Tinto plc ADS (RIO)
Analyst upgrades:
- Morgan Stanley said Bank of America's (NYSE: BAC) capital needs are largely known and shares are trading "cheaply despite reduced downside risk." The firm upgraded shares to Overweight from Underweight and raised the price target to $25 from $16. Shares were also upgraded to Outperform from Neutral at Baird citing manageable capital needs and attractive risk/reward.
- Keefe Bruyette upgraded Fifth Third Bancorp (NASDAQ: FITB) to Outperform from Market Perform on valuation as it views the stock as inexpensive despite the recent rally. The firm has an $8 target on the stock.
- Banc of America/Merrill upgraded Ericsson (NASDAQ: ERIC) to Buy from Neutral as it believes fewer hedging losses could bring upside over the next few quarters.
- Rio Tinto (NYSE: RTP) was raised to Overweight from Neutral at Barclays.
- EnerNOC (NASDAQ: ENOC) was lifted to Buy from Neutral at Janney Montgomery.
- Westpac Banking (NYSE: WBK) was upgraded to Neutral from Underperform at Credit Suisse.
Continue reading Analyst upgrades, downgrades and initiations: BAC, FITB, RTP, SYMC, MS, T, VZ ...
Posted Jun 25th 2008 11:43AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Boeing Co (BA)
MOST NOTEWORTHY: The Aerospace sector, Boeing, Aurora Oil & Gas and Syniverse were today's noteworthy downgrades:
- Goldman downgraded the Aerospace sector to Cautious from Neutral to reflect high oil prices and the weak economy. The firm also downgraded Boeing (NYSE: BA) shares to Sell from Neutral and added the stock to their Conviction Sell List as they expect the economic weakness and high fuel prices to drive slowing orders.
- Jefferies downgraded shares of Aurora Oil & Gas (AMEX: AOG) to Underperform from Hold to reflect the company's falling production, minimal cash flow through the remainder of 2008, and limited access to capital.
- Baird cut Syniverse (NYSE: SVR) to Neutral from Outperform as they believe the impact from the Verizon (NYSE: VZ)-Alltel merger could be greater than investors think.
OTHER DOWNGRADES:
Posted Mar 13th 2008 11:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Ciena Corp (CIEN), Analyst Initiations
MOST NOTEWORTHY: New York Community Bancorp, Gushan Environmental and Central European Distribution were today's noteworthy initiations:
- Citigroup believes New York Community Bancorp (NYSE: NYB) is uniquely-positioned to benefit from the current operating environment and expects loan growth, NIM expansion, and good credit to boost EPS growth over the next year. The firm initiated shares with a Buy rating and $19 target.
- Oppenheimer said Gushan Environmental (NYSE: GU) benefits from the Chinese government's policies encouraging growth of renewable fuels; shares were initiated with an Outperform rating and $14 target.
- Jefferies initiated Central European Distribution (NASDAQ: CEDC) with a Buy rating and $66 target and views the company as a pure play on rising disposable incomes, particularly in Poland where it is headquartered.
OTHER INITIATIONS:
Posted May 24th 2007 11:17AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, New York Times'A' (NYT)
MOST NOTEWORTHY: New York Times Co (NYT), New York Community Bancorp, Inc (NYB), Cadbury Schweppes plc (CSG), International Paper Co (IP) and TurboChef Technologies, Inc (OVEN) were today's noteworthy upgrades:
- JP Morgan upgraded shares of the New York Times Co (NYSE: NYT) to Neutral from Underweight to reflect easier advertising sales comparisons the rest of the year and the possibility for a stepped-up buyback program.
- Bernstein upgraded shares of Cadbury Schweppes (NYSE: CSG) to Outperform from Market Perform and revised its sum-of-the-parts and "real options" analysis. The firm still sees major upside and limited downside at these levels.
- Matrix believes higher selling prices and lower costs are improving profit margins at International Paper (NYSE: IP).
OTHER UPGRADES:
- Citigroup upgraded H.J. Heinz Co (NYSE: HNZ) to Buy from Hold with a $52 target.
- Baird transitioned coverage of Pike Electric Corp (NYSE: PEC) with an Outperform rating, up from Neutral.
- Buckingham raised Eaton Corp (NYSE: ETN) to Strong Buy from Accumulate.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).