PNK posts
FeedPosted Mar 11th 2009 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Motorola (MOT), Avon Products (AVP), Comerica Inc (CMA), Genentech Inc (DNA), McGraw-Hill Companies (MHP), Cheesecake Factory (CAKE), Analyst initiations
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Analyst upgrades:
- ING upgraded Roche (OTC: RHHBY) to Buy from Hold as it believes Roche will not pay more than $100/share for Genentech (NYSE: DNA) and that the Avastin adjuvant data due April 2009 provides significant upside potential.
- Oppenheimer upgraded Motorola (NYSE: MOT) to Outperform from Perform on valuation as it believes sentiment is at an all-time low and the stock has limited downside. The firm set a $5 target on shares.
- Morgan Stanley upgraded Comerica (NYSE: CMA) to Equal Weight from Underweight citing valuation that adequately reflects credit deterioration in its commercial-heavy loan portfolio and aggressive government action.
- Cheesecake Factory (NASDAQ: CAKE) and Nucor (NYSE: NUE) were upgraded to Buy from Neutral at Goldman.
- Pinnacle Entertainment (NYSE: PNK) was raised to Overweight from Equal Weight at Barclays.
Continue reading Analyst upgrades, downgrades and initiations: RHHBY, MOT, RBS, DKS, MCO ...
Posted Dec 12th 2007 11:12AM by Eric Buscemi (RSS feed)
Filed under: Analyst initiations
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MOST NOTEWORTHY: Ulta Salon, Force Protection and First Bancorp were today's noteworthy initiations:
- Wachovia believes Ulta Salon's (NASDAQ: ULTA) assortment of products and unique shopping experience will drive growth, starting shares with an Outperform rating. Shares were also initiated with an Overweight rating at JP Morgan, as they are positive on favorable industry dynamics, and ULTA's consistent growth and comps.
- Stanford initiated Force Protection (NASDAQ: FRPT) with a Sell rating and $5 target and expects the company will struggle to grow after 2008 due to its highly concentrated exposure to the Mine Resistant Ambush Protected (MRAP) vehicles program. They believe total MRAP demand is likely smaller than expected and that MRAP demand will peak in FY08.
- Kaufman Bros. believes shares of First Bancorp (NYSE: FBP) offer an attractive risk/reward despite economic softness in its Puerto Rico and southern Florida regional markets. They think most of the charge-offs have already occurred and find the sell-off overdone, and started shares with a Buy rating and $11 target.
OTHER INITIATIONS:
Posted Nov 21st 2007 9:55AM by Eric Buscemi (RSS feed)
Filed under: Intel (INTC), Analyst initiations
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MOST NOTEWORTHY: AeroVironment, American Oriental and Intel were today's noteworthy initiations:
- Suntrust initiated AeroVironment (NASDAQ: AVAV) with a Buy rating and $32 target and expects AVAV's market leadership in unmanned aerial systems and increased effort in the high altitude to drive strong organic growth.
- Jefferies believes American Oriental (NYSE: AOB) is capable of making sizable acquisitions given its strong cash position and finds the valuation attractive at current levels. The firm started shares with a Buy rating and $20 target.
- Intel (NASDAQ: INTC) was initiated with a Neutral rating and $30 target at Baird on valuation.
OTHER INITIATIONS:
Posted Jun 29th 2007 10:25AM by Kevin Shult (RSS feed)
Filed under: Chipotle Mexican Grill'A' (CMG), Analyst initiations
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MOST NOTEWORTHY: The educational services industry, the Latin American airlines sector,
Asta Funding Inc (NASDAQ:
ASFI) and
Chipotle Mexican Grill Inc (NYSE:
CMG) were today's noteworthy initiations:
- William Blair assumed coverage of Apollo Group Inc (NASDAQ: APOL) and Strayer Education Inc (NASDAQ: STRA) with Outperform ratings and Career Education Corporation (NASDAQ: CECO) with a Market Perform rating. The broker also assumed coverage and downgraded DeVry Inc (NYSE: DV) to Market Perform from Outperform.
- Goldman Sachs initiated coverage on Copa Holdings (NYSE: CPA) with a Buy rating and $88 target, GOL Linhas Aereas Inteligentes SA (NYSE: GOL) and TAM SA (NYSE: TAM) with Neutral ratings and Lan Airlines SA (NYSE: LFL) with a Sell rating and $93 target; Lan Airlines was also initiated at Morgan Stanley with an Overweight rating and $105 target.
- Asta Funding was initiated at Kaufman Brothers with a Buy rating and $55 target. The firm believes the company should grow earnings at a midpoint of 20% over time, with near-term growth at 15% and longer-term growth at 20%-25%.
- Citigroup initiated shares of Chipotle Mexican Grill with a Buy rating and $100 target, as the firm expects the company will see unit growth at a rate in the high-teens while experiencing above-average SSS and some margin expansion.
OTHER INITIATIONS:
Posted Apr 4th 2007 10:58AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news,
MOST NOTEWORTHY: First Data Corp (FDC), Pinnacle Entertainment, Inc (PNK), Cephalon, Inc (CEPH) and Verint Systems Inc (VRNT) were some of today's downgrades:
- UBS downgraded First Data Corp (NYSE: FDC) to Neutral from Buy following the acquisition by KKR.
- Pinnacle Entertainment (NYSE: PNK) was cut to Hold from Buy at Matrix USA, as the firm believes post-hurricane reconstruction efforts are leading to significant capital expenditures, which limits upside.
- Cephalon Inc (NASDAQ: CEPH) was removed from American Technology's Focus List with shares up 15% in three weeks as the approval of Nuvigil without a Black Box warning has passed.
- JP Morgan cut shares of Verint Systems (NASDAQ: VRNT) to Underweight from Neutral, citing risks and costs associated from the Witness Systems' (WITS) acquisition.
OTHER DOWNGRADES:
- Labor Ready, Inc (NYSE: LRW) was downgraded to Sell from Neutral at Goldman based on the slowdown in U.S. residential construction activity.
- JP Morgan downgraded Icagen, Inc (NASDAQ: ICGN) to Neutral from Overweight.
- Friedman Billings cut CompuDyne Corp (NASDAQ: CDCY) to Market Perform from Outperform following Q4 results.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
Posted Jan 26th 2007 11:32AM by Kevin Shult (RSS feed)
Filed under: Before the bell, AT and T (T), CBS Corp 'B' (CBS), Trump Entertainment Resorts (TRMP), Analyst initiations, Level 3 Communications (LVLT)
MOST NOTEWORTHY: The Gaming sector and CBS Corp (CBS) were the most notable companies on today's initiation list.
- Prudential initiated the Gaming sector with a Favorable rating,
- They initiated Boyd Gaming Corp (NYSE: BYD), Town Sports International Holdings (NASDAQ: CLUB), Penn National Gaming (NASDAQ: PENN), Shuffle Master Inc (NASDAQ: SHFL), Steiner Leisure Ltd (NASDAQ: STNR) and Great Wolf Resorts Inc (NASDAQ: WOLF) with Outperform ratings.
- Ameristar Casinos Inc (NASDAQ: ASCA), MGM Mirage (NYSE: MGM) and WMS Industries Inc (NYSE: WMS) were initiated with Neutral ratings.
- Underweight ratings were given to International Game Tech (NYSE: IGT), Isle of Capri Casinos Inc (NASDAQ: ISLE), Life Time Fitness Inc (NYSE: LTM), Pinnacle Entertainment Inc (NYSE: PNK) and Trump Entertainment Resorts Inc (NASDAQ: TRMP).
- UBS initiated CBS Corp (NYSE: CBS) with a Buy rating and $38 target, citing valuation, dividends and buybacks.
OTHER INITIATIONS:
- Nollenberger believes International Rectifier Corp (NYSE: IRF) is the way to play the trend for energy efficiency, initiating the company with a Buy rating and $60 target.
- Goldman Sachs resumed coverage of AT&T Inc (NYSE: T) with a Buy rating and Level 3 Communications inc (NASDAQ: LVLT) with a Neutral rating.
- Stanford started EDO Corp (NYSE: EDO) with a Hold rating and $25 target; the firm believes EDO can be a turnaround story in 2007, but they recommend investors to stay on the sidelines until after Q4 earnings given their concerns over the quarter and guidance.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Analyst upgrades:
Before the bell: Stocks ready to climb on hopes of continued low rates
Why do we have a weak dollar?
Holiday hiring slow for retailers
