Analyst Upgrades

• Bristol-Myers (BMY) to hold from underperform at Jefferies.
• Pep Boys (PBY) to buy from hold at Stifel Nicolaus.
• Tesla Motors (TSLA) to overweight from equal weight at Morgan Stanley.
• Emerson (EMR) to buy from hold at Deutsche Bank.
• ARM Holdings (ARMH) to buy from neutral at BofA/Merrill.
• NetLogic (NETL) and Cavium Networks (CAVM) to buy from hold at Auriga.
• Aimco (AIV) to hold from sell at Citigroup.
• Ceragon Networks (CRNT) to overweight from equal weight at Barclays.

Continue reading Analyst Calls: BMY, CAG, CAVM, CEPH, OPEN, PBY, SOL, TSLA, WDC ...

Analyst Calls: BMY, CAG, CAVM, CEPH, OPEN, PBY, SOL, TSLA, WDC ... originally appeared on BloggingStocks on Thu, 31 Mar 2011 11:30:00 EST. Please see our terms for use of feeds.

Automotive retailer Pep Boys (PBY) has released its third-quarter earnings report. The company earned 11 cents per share ($5.7 million) in the latest quarter compared to 4 cents per share ($2.1 million) a year ago.

PBY's quarterly revenue checked in at $496.4 million, 5% better than a year ago. Analysts expected earnings of 8 cents per share with revenue of $488.7 million.

Continue reading Pep Boys Sees Q3 Earnings More Than Double

Pep Boys Sees Q3 Earnings More Than Double originally appeared on BloggingStocks on Tue, 07 Dec 2010 11:30:00 EST. Please see our terms for use of feeds.

The Pep Boys -- Manny, Moe & Jack (NYSE: PBY) issued Q2 earnings on Tuesday after the bell. The aftermarket service business for automobiles, whose related companies include AutoZone (NYSE: AZO) and AutoNation (NYSE: AN), said net sales fell about 2%, and earnings per share increased 50% to 15 cents. The earnings growth was actually better than that since there were a couple of items in the previous year's quarter that benefited the bottom line.

According to Reuters, the expectation was for 14 cents per share in net income. Yep, we got the beat-by-a-penny cliche in full effect here. Management credited cost containment and service sales as drivers for the quarter.

Continue reading Pep Boys tops estimates by a penny in the second quarter, comps decline

Pep Boys tops estimates by a penny in the second quarter, comps decline originally appeared on BloggingStocks on Wed, 09 Sep 2009 08:30:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Citigroup upgraded shares of Potash (NYSE: POT) to Buy from Hold and raised its target to $178 from $141 to reflect their expectation for a more bullish outcome from the ongoing China Potash contract negotiations.
• Cadbury Schweppes (NYSE: CSG) was raised to Overweight from Neutral at JP Morgan to reflect the company's takeout potential and cash returns.
• Oppenheimer raised its rating on Zoran (NASDAQ: ZRAN) to Outperform from Perform on valuation, as they believe the recent weakness is overdone.

• Pep Boys (NYSE: PBY) was upgraded to Market Weight from Underweight at Thomas Weisel.
• JMP Securities upgraded Actuate (NASDAQ: ACTU) to Strong Buy from Outperform.
• Goldman raised Broadcom (NASDAQ: BRCM) to Buy from Neutral.

Analyst upgrades: POT, CSG and ZRAN originally appeared on BloggingStocks on Tue, 05 Feb 2008 09:46:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Goldman upgraded Siemens AG (NYSE: SI) to Buy from Neutral and views shares as defensive in the current environment.
  
• Merriman upgraded shares of Siliconware Precision (NASDAQ: SPIL) to Buy from Neutral on valuation, as they believe the negative sentiment regarding the U.S. economy is already priced into shares.
• JP Morgan upgraded Palm (NASDAQ: PALM) to Overweight from Underweight citing new smart-phone products expected in 2008 and stronger-than-expected Centro sales.

• Pep Boys (NYSE: PBY) was raised to Neutral from Underperform at Credit Suisse.
• Jefferies upgraded Pioneer Drilling (NYSE: PDC) to Buy from Hold.
• Deutsche Bank upgraded Cablevision (NYSE: CVC) to Buy from Hold.

Analyst upgrades: SI, SPIL and PALM originally appeared on BloggingStocks on Mon, 04 Feb 2008 10:05:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Baird upgraded DPL Inc (NYSE: DPL) to Outperform from Neutral following better-than-expected guidance.
  
• Citigroup upgraded IAC/InterActiveCorp (NASDAQ: IACI) to Buy from Hold as they believe HSN's turnaround, Lending Tree's stabilization and Ask's profitability ramp should drive EBITDA growth acceleration in 2008. The company was also upgraded to Overweight from Equal Weight at Lehman following IAC's better-than-expected Q3 report.
  
• Citigroup upgraded shares of F5 Networks Inc (NASDAQ: FFIV) to Buy from Hold, as they believe now is the time to buy the stock with sentiment at a low-point heading into an attractive 2008 product cycle.
  
• Stifel raised its rating on Community Health Systems Inc (NYSE: CYH) to Buy from Hold based on improved visibility from detailed 2008 guidance.
  
• Kaufman upgraded Parametric Technology Corporation (NASDAQ: PMTC) to Buy from Hold based on an impressive quarter and favorable industry trends.

• China Life Insurance Company Limited (NYSE: LFC) was upgraded to Peer Perform from Underperform at Bear.
  
• The Pep Boys - Manny, Moe & Jack (NYSE: PBY) was upgraded to Neutral from Sell at Goldman.
  
• JP Morgan added Nalco Holding Company (NYSE: NLC) to its Focus List.
  
• RBC upgraded Newmont Mining Corporation (NYSE: NEM) to Sector Perform from Underperform.

Analyst upgrades: DPL, IACI, FFIV, CYH and PMTC originally appeared on BloggingStocks on Thu, 01 Nov 2007 10:55:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• Chrysler LLC is discussing shuttering or selling Mopar, its auto parts unit, and Chrysler Transport, the overseer of supplies to Chrysler's plants, reported the Wall Street Journal (subscription required).
• Tomorrow, troubled condo developer WCI Communities Inc (NYSE: WCI) is expected to vote Carl Icahn and two of his representatives to the company's board, reported the Wall Street Journal.
• Barron's Online's (subscription required) "Inside Scoop" column reported that Pep Boys (NYSE: PBY) director James Mitarotonda, a director since August 2006, purchased over $1.2M in stock through his equity fund Barington Companies Equity Partners on Aug. 23 and 24 according to SEC data.
• The sale of a 20% strategic stake in Semiconductor Manufacturing International Corporation (NYSE: SMI), China's biggest chipmaker, has stalled, as the company's board is reportedly undecided about how to proceed, reported the Financial Times (subscription required).

• Nasdaq Stock Market Inc (NASDAQ: NDAQ) has agreed to seek the approval of London Stock Exchange CEO Clara Furse before it sells its minority stake in the British exchange to any single buyer, reported the Independent.

Newspaper wrap-up: Carl Icahn expected to join WCI board originally appeared on BloggingStocks on Wed, 29 Aug 2007 09:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: SanDisk (SNDK), Business Objects (BOBJ) and the Beverage Sector top today's list of downgrades.

• SanDisk Corp. (NASDAQ:SNDK) was downgraded to Neutral from Buy at UBS, citing expectations for an oversupply of flash memory in 2006 and 2007.
• Business Objects (NASDAQ:BOBJ) was downgraded to Sector Perform from Outperform at Pacific Crest, citing valuation concerns and increasing competition from Oracle (ORCL), Microsoft (MSFT) and open source competitors.
• The Beverage Sector was downgraded to Cautious from Neutral at Goldman Sachs. The firm cited declining demand in core categories, raw material inflation and valuation.
  • Goldman downgraded PepsiAmericas, Inc. (NYSE:PAS) and Coca-Cola Enterprises, Inc. (NYSE:CCE) to Sell from Neutral
  • while COTT Corp (NYSE:COT) was added to their Conviction Sell List.

OTHER DOWNGRADES:

• Kevin Dann & Partners downgraded shares of Pep Boys (NYSE:PBY) to Hold from Buy on valuation and the lack of near-term catalysts.
• Thomas Weisel downgraded Ikanos Comm (NASDAQ:IKAN) to Peer Perform from Outperform citing a slowdown of VDSL deployments in Japan due to persisting inventory build at NTT.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 11-13-06: UBS downgrades SanDisk to Neutral originally appeared on BloggingStocks on Mon, 13 Nov 2006 12:18:00 EST. Please see our terms for use of feeds.