- Deere (DE) to outperform from market perform at Wells Fargo.
- American Eagle (AEO) to buy from neutral at Janney Capital.
- FedEx (FDX) and Shaw (SJR) to outperform from neutral at Credit Suisse.
- Superior Energy (SPN) and Rowan Cos. (RDC) to overweight from equal weight at Barclays.
- Tesoro (TSO) to outperform from neutral at Macquarie.
- Mechel (MTL) to buy from neutral at Goldman.
- SunPower (SPWRA), LDK Solar (LDK) and First Solar (FSLR) to buy from hold at ThinkEquity.
SHPGY posts
FeedAnalyst Calls: AEO, AMP, DE, EBAY, FDX, FRO, FSLR, HBC, SPWR, TSO ...
Continue reading Analyst Calls: AEO, AMP, DE, EBAY, FDX, FRO, FSLR, HBC, SPWR, TSO ...
Analyst Calls: CTL, HTS, ISRG, MCD, MLM, OSK, RUTH, WMS, YUM ...
Analyst Upgrades
- Baird upgraded Oshkosh (OSK) to outperform from neutral, citing valuation as it believes post-Iraq U.S. military spending concerns are overdone. The firm keeps a $42 price target for shares.
- Goldman transferred coverage on CenturyTel (CTL) with a buy from a neutral and has a $42 price target on the stock. The firm believes CenturyTel could increase buybacks and or increase its dividend given free cash generation and low payout ratio.
- Lazard Capital upgraded Hatteras Financial (HTS) to buy from hold to reflect increased dividend projections. The firm has a $30 price target for shares.
- EOG Resources (EOG) was upgraded to neutral from underperform at Credit Suisse.
- Donaldson (DCI) was upgraded to neutral from underperform at BofA/Merrill.
Continue reading Analyst Calls: CTL, HTS, ISRG, MCD, MLM, OSK, RUTH, WMS, YUM ...
Analyst Calls: CRM, VVUS, AKS, KMP, SPWRA, TSL, JASO, ALL
Analyst upgrades:
- UBS upgraded Salesforce.com (CRM) to Buy from Neutral based on positive feedback on the Chatter product and increasing confidence the company can beat FY11 guidance. The firm raised its price target to $111 from $90.
- Leerink upgraded Vivus (VVUS) to Outperform from Market Perform. The firm believes Qnexa issues raised by the FDA are labeling and marketing issues, and not approval issues. The firm expects a positive panel vote for Qnexa.
- Goldman upgraded AK Steel (AKS) to Buy from Netural citing lower iron ore prices. The firm has a $17 price target on the stock.
- Kinder Morgan Energy (KMP) was upgraded to Equal Weight at Morgan Stanley.
- Shire (SHPGY) was upgraded to Outperform from Neutral at Credit Suisse.
- Canadian National (CNI) was upgraded to Outperform from Market Perform at Raymond James.
Continue reading Analyst Calls: CRM, VVUS, AKS, KMP, SPWRA, TSL, JASO, ALL
Analyst Calls: AVB, BCR, CREE, DAI, HRB, HSP, MDRX, NANO, NWL ...
- Auriga upgraded Allscripts (MDRX) to buy from hold to reflect valuation and potential synergies from the company's pending merger with Eclipsys (ECLP). The firm upped its target price for shares to $20 from $19.
- SunTrust upgraded Newell Rubbermaid (NWL) to buy from neutral based on completion of its turnaround plan, stabilizing end markets and favorable comparisons. The firm has a $25 price target on the stock.
- Morgan Joseph upgraded C.R. Bard (BCR) to buy from hold based on valuation and upside to estimates from the share buyback program. The firm has a $97 price target on the stock.
- Shire (SHPGY) was upgraded to buy from hold at Lazard Capital.
- Onyx Pharma (ONXX) was upgraded to outperform from market perform at BMO Capital.
- AvalonBay (AVB) was upgraded to neutral from sell at UBS.
Continue reading Analyst Calls: AVB, BCR, CREE, DAI, HRB, HSP, MDRX, NANO, NWL ...
ADHD Patch Helps Investors Focus on Shire
The Food and Drug Administration (FDA) recently gave Shire Plc (SHPGY) shareholders something to smile about when it approved Daytrana for treating patients between 13 and 17 years who suffer from Attention Deficit Hyperactivity Disorder (ADHD).Daytrana is the only ADHD treatment that is available in a transdermal patch, which delivers methylphenidate through the skin into the bloodstream. It is already approved for use by patients between 6 and 12 years.
With this announcement, Shire -- which licensed Daytrana from Noven Pharmaceuticals -- stands to gain market share and increase revenues.
Analyst Calls: AVT, COF, HAL, JACK, LEN, MS, NOK, NWS, S, TEVA, X ...
- FBR Capital upgraded Halliburton (HAL) to outperform from market perform as it sees less headline risk from the Gulf of Mexico spill following Wednesday's House Energy and Commerce Committee hearing. The firm upped its target for shares to $44 from $35.
- FBR Capital also upgraded Morgan Stanley (MS) to outperform from market perform as it views the valuation as attractive following the recent pullback in shares. The firm maintains a $35 price target for shares.
- Deutsche Bank upgraded Avnet (AVT) to buy from hold on valuation; it views the recent pullback as a buying opportunity. The firm raised its target for shares to $39 from $36.
- U.S. Steel (X) was upgraded to conviction buy from buy at Goldman.
- News Corp. (NWS) was upgraded to buy from hold at Argus.
- Sprint (S) was upgraded to outperform from market perform at Raymond James.
Continue reading Analyst Calls: AVT, COF, HAL, JACK, LEN, MS, NOK, NWS, S, TEVA, X ...
Analyst Upgrades, Downgrades and Initiation: AXA, DNDN, HME, HRB, KEG, LTD, PNC, VIA ...
- Deutsche Bank upgraded Viacom (VIA) to buy from hold due to valuation and expectations that share buybacks will resume this year. The firm raised its price target on shares to $37 from $28.
- Canadian Natural (CNQ) was upgraded to outperform from neutral at Credit Suisse. The firm upgraded shares based on valuation and the outlook for heavy crude.
- UBS upgraded Key Energy (KEG) to buy from neutral, citing increased E&P well spending, a possible shorter term rally in gas activity and improved utilization. Target raised to $12.50 from $9.50.
- Shire (SHPGY) was raised to outperform from perform at Oppenheimer.
- PNC Financial (PNC) was upgraded at Bernstein to outperform from market perform.
- Pacer International (PACR) was upgraded to buy from hold at BB&T.
Analyst Upgrades, Downgrades and Initiations: AKS, EVVV, PEB, PM, PWR, S, X ...
- Deutsche Bank upgraded U.S. Steel (X) to buy from hold after raising its steel forecasts and upped its target price on shares to $77 from $44. Note, the firm also downgraded AK Steel.
- Credit Suisse upgraded Philip Morris (PM) to outperform from neutral based on a better international outlook.
- JPMorgan upgraded ev3 Inc. (EVVV) to overweight from neutral. The firm sees upside potential to ev3's consensus estimates for 2010 and raised its target price on shares to $19 from $15.
- Vale (VALE) was upgraded to overweight from equal weight at Barclays.
- Xilinx (XLNX) was raised to outperform from sector perform at RBC Capital.
- Shuffle Master (SHFL) was upgraded at KeyBanc to buy from hold.
Continue reading Analyst Upgrades, Downgrades and Initiations: AKS, EVVV, PEB, PM, PWR, S, X ...
Analyst upgrades, downgrades and initiations: ANN, AXP, CIEN, DE, RA, SBUX, ZION ...
- Jefferies upgraded Starbucks (SBUX) to buy from hold, citing EPS and revenue momentum heading into 2010. The firm raised its target to $25 from $22.
- Soleil upgraded Zions Bancorp (ZION) to buy from hold on valuation as it believes the recent pullback provides an attractive entry point. The firm has a $17.50 price target on shares.
- RBC Capital expects Rigel Pharmaceuticals (RIGL) to sign a partnership for R788 in the next four months to run its global Phase III program. Shares were upgraded to outperform from sector perform and its target was raised to $11 from $9.
- Deere (DE) was upgraded to overweight from equal weight at Morgan Stanley.
- Shire (SHPGY) was raised to outperform from market perform at Bernstein.
- Ann Taylor (ANN) was upgraded to overweight from market weight at Thomas Weisel.
- J.M. Smucker (SJM) was upgraded to overweight from neutral at JPMorgan.
Analyst upgrades, downgrades and initiations: DLTR, JCP, JWN, LEA, RIMM, S ...
- Credit Suisse upgraded Sprint Nextel (S) to outperform from neutral and raised its target to $6 from $4. The firm believes Sprint Nextel's core business is turning and that valuation is attractive. Credit Suisse also added Sprint Nextel to its Focus List.
- Goldman expects Nordstrom (JWN) to benefit from a recovery in the high-end consumer. The firm upgraded shares to buy from neutral and raised its target to $41 from $39.
- Deutsche Bank remains cautious on the Dry Bulk sector long-term but expects increased Q4 day rates. The firm upgraded Genco (GNK) to buy from hold and raised its target to $31 from $24; the firm also upgraded Eagle Bulk (EGLE) to hold from sell.
- Steelcase (SCS) was upgraded to buy from hold at BB&T.
- United Rentals (URI) was upgraded to outperform from perform at Oppenheimer.
- GLG Partners (GLG) was upgraded to outperform from market perform at Keefe Bruyette.
- Ladish (LDSH) was upgraded to outperform from market perform at FBR Capital.
Continue reading Analyst upgrades, downgrades and initiations: DLTR, JCP, JWN, LEA, RIMM, S ...
Analyst upgrades, downgrades and initiations: ANF, CAJ, CTCM, MOV, MV, VMED ...
- Goldman upgraded CTC Media (NASDAQ: CTCM) to Buy from Neutral on a better outlook for European Media names and raised its target on shares to $17.60 from $12.
- Morgan Joseph upgraded Movado (NYSE: MOV) to Buy from Hold after the company reported better-than-expected Q2 results. The firm set a $16 target on the stock.
- Needham upgraded LTX Credence (NASDAQ: LTXC) to Strong Buy from Hold following the company's Q4 results with a $3 price target.
- Canon (NYSE: CAJ) was upgraded to Outperform from Underperform at Macquarie.
- Whitney Holding (NASDAQ: WTNY) was upgraded to Buy from Neutral at SunTrust.
- Gafisa SA (NYSE: GFA) was upgraded to Overweight from Equal Weight at Morgan Stanley.
Continue reading Analyst upgrades, downgrades and initiations: ANF, CAJ, CTCM, MOV, MV, VMED ...
Analyst upgrades, downgrades and initiations: BA, EXEL, FINL, NTAP, UNH, WU ...
- B. Riley upgraded Finish Line (NASDAQ: FINL) to Buy from Neutral to reflect the potential for improving trends in second half of 2009. The firm raised its target on shares to $10.50 from $9.
- Merriman upgraded OptionXpress (NASDAQ: OXPS) to Neutral from Sell following the company's better than expected Q2 results. The firm notes higher commissions per trade more than offset weak DARTs and the decline in customer additions in the quarter.
- RBC Capital upgraded Gardner Denver (NYSE: GDI) to Outperform from Sector Perform and raised its target to $34 from $28 citing the additional scale of restructuring, better tone to end-markets, and few downside catalysts. Baird upgraded Gardner Denver to Outperform from Neutral and raised its target to $35 from $32 based on a bottom in fundamentals and compelling valuation.
- BE Aerospace (NASDAQ: BEAV) was upgraded to Outperform from Market Perform at FBR Capital.
- Shire (NASDAQ: SHPGY) was upgraded to Perform from Underperform at Oppenheimer.
- UnitedHealth (NYSE: UNH) was upgraded to Outperform from Neutral at Credit Suisse.
Continue reading Analyst upgrades, downgrades and initiations: BA, EXEL, FINL, NTAP, UNH, WU ...
Analyst upgrades, downgrades and initiations: BT, NVS, NOK, TXI, MTB ...
Analyst upgrades:- Canaccord upgraded Imperial Oil (NYSE: IMO) to Buy from Speculative Buy following an increase in crude oil forecast.
- BT Group (NYSE: BT) was upgraded to Outperform from Market Perform at Bernstein.
- Novartis (NYSE: NVS) was upgraded to Overweight from Neutral at JP Morgan.
- CommVault (NASDAQ: CVLT) was upgraded to Neutral from Sell at Goldman.
- AvalonBay (NYSE: AVB) was upgraded to Buy from Hold at Sandler O'Neill.
Continue reading Analyst upgrades, downgrades and initiations: BT, NVS, NOK, TXI, MTB ...
Analyst upgrades, downgrades and initiations: ABT, DPS, BDK, AMZN, GS ...
- Citigroup upgraded Abbott Lab (NYSE: ABT) to Hold from Sell on valuation following the stock's recent underperformance. The firm maintains a $48 price target.
- Deutsche Bank upgraded shares of Pepsi Bottling (NYSE: PBG) and Dr. Pepper Snapple (NYSE: DPS) to Buy from Hold as they believe carbonated soft drinks market is showing signs of stabilization. The firm raised its price target on Pepsi Bottling to $28 from $25 and on Dr. Pepper Snapple to $22 from $20.
- Baird upgraded CommScope (NYSE: CTV) to Outperform from Neutral and raised their target to $19 from $10 as they expect fundamentals to bottom in Q1 and ramp strongly in Q2 as wireless capex outlook improves.
- Sinopec Shanghai (NYSE: SHI) was raised to Buy from Sell at Goldman.
- TRW Automotive (NYSE: TRW) was upgraded at JP Morgan to Neutral from Underweight.
Continue reading Analyst upgrades, downgrades and initiations: ABT, DPS, BDK, AMZN, GS ...
A defensive investment: Biotechnology ETFs
One of the buzzwords that is currently in vogue in the investment community is biotechnology. This is a broad-based field that covers technological applications in any biological system, meaning humans, animals, agriculture, and medicines. This is a booming science and the investment field offers many opportunities for wealth accumulation.
If you don't want to spend countless hours trying to understand not just financials, but scientific and technical jargon that biotech companies harbor, exchange-traded funds (ETFs) may be the better choice for investing in the biotechnology industry.
An ETF is similar to buying a share of a company, but instead of getting one particular company you're investing in a bundle of companies within a particular field or specialty. It's a great way to invest in something you believe in while still hedging your bets and having a bit of diversity.
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