OIIM posts
FeedPosted Oct 26th 2007 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Best Buy (BBY), , Analyst Initiations, VeriFone Holdings (PAY)
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MOST NOTEWORTHY: Circuit City, Best Buy, COTT Corp and o2 Micro were today's noteworthy initiations:
- Wachovia started shares of Circuit City Stores Inc (NYSE: CC) with a Market Perform rating, citing low visibility into near-term fundamentals and low conviction in EPS.
- The firm also started shares of Best Buy Incorporated (NYSE: BBY) with a Market Perform rating, citing low visibility into holiday sales and product margin trends and valuation.
- Gabelli started COTT Corporation (NYSE: COT) with a Hold rating, as they believe the company's Q3 was disappointing. The firm thinks COTT lacks pricing power, and would look for margin improvement and successful non-carbonated soft drink penetration from the company before recommending the stock
- Thomas Weisel started shares of o2 Micro International Limited (NASDAQ: OIIM) with an Overweight rating and $24 target. The firm believes the company is in good position to compete in the high growth markets of power management, advanced lighting and security and surveillance
OTHER INITIATIONS:
Posted Apr 10th 2007 11:02AM by Kevin Shult (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Good news, Advanced Micro Dev (AMD), Applied Materials (AMAT), Oracle Corp (ORCL), BHP Billiton Ltd ADR (BHP)
MOST NOTEWORTHY: BHP Billiton (BHP), Applied Materials, Inc (AMAT), Advanced Micro Devices (AMD) and Oracle Corp (ORCL) were some of today's noteworthy upgrades:
- Prudential upgraded shares of BHP Billiton (NYSE: BHP) to Neutral from Underweight with a $50 target to reflect capacity expansion in uranium mining and increasing demand for iron ore from China.
- Bank of America upgraded Applied Materials Inc (NASDAQ: AMAT) to Buy from Neutral with a $25 target as the firm believes the company's solar power equipment market is accelerating faster than estimates and guidance.
- Advanced Micro Devices Inc (NYSE: AMD) was upgraded to Neutral from Reduce at UBS citing limited downside to the shares.
- Oracle Corp (NASDAQ: ORCL) was upgraded to Buy from Neutral at Goldman Sachs, where its coverage was transferred to another analyst.
OTHER UPGRADES:
- Credit Suisse added Rite Aid Corp (NYSE: RAD) to its U.S. Focus List.
- Morgan Stanley upgraded O2Micro International Ltd (NADAQ: OIIM) to Overweight from Equal-Weight based on the company's announcement of a settlement with Samsung.
- Wachovia added Lehman Brothers Holdings (NYSE: LEH) to its Focus List. Due to Lehman's record banking fee backlog of $1.03 billion in Q1, the firm believes their banking estimate is "quite conservative."
- Continental Airlines, Inc (NYSE: CAL) was upgraded to Buy from Neutral at FTN Midwest citing the surprisingly strong March unit revenue growth for the upgrade.
- Bear Stearns upgraded Vodafone PLC (NYSE: VOD) to Peer Perform from Underperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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