Continue reading Tyco International to Be Added to S&P 500

Tyco International to Be Added to S&P 500 originally appeared on BloggingStocks on Fri, 20 Aug 2010 13:30:00 EST. Please see our terms for use of feeds.

Continue reading Before the Bell: Futures Point to Higher Open

Before the Bell: Futures Point to Higher Open originally appeared on BloggingStocks on Mon, 22 Feb 2010 08:30:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• RBC Capital upgraded Fidelity National (FIS) to outperform from sector perform. The firm upgraded the stock due to valuation, and its belief that the company will clear up issues related to its merger on its Analyst Day, scheduled for Dec. 7. The firm set a $28 target on the stock.
• Citigroup upgraded Smith International (SII) to buy from hold, citing the sell-off in shares following its 28M share equity offering. Note that Smith International priced 28M shares Tuesday at $26.50.
• Wells Fargo upgraded DynCorp (DCP) to outperform from market perform. The firm upgraded the stock on valuation, and because it believes that the impact on DynCorp of a possible indictment of PWC will be minimal, if any.
• Rockwell (ROK) was upgraded to overweight from neutral at HSBC.
• Omega Healthcare (OHI) was upgraded to outperform from market perform at JMP Securities.
• Analog Devices (ADI) was upgraded to conviction buy from buy at Goldman.

Continue reading Analyst upgrades, downgrades and initiations: FIS, LMNX, RIMM, SII, TGT, TSYS ...

Analyst upgrades, downgrades and initiations: FIS, LMNX, RIMM, SII, TGT, TSYS ... originally appeared on BloggingStocks on Wed, 18 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Barclays upgraded Exxon (XOM) to overweight from equal weight based on a higher production growth outlook. The firm, which raised its target to $92 from $90, expects Exxon to have organic growth of more than 3% in 2010 and an average growth rate of 2.6% between 2009 and 2013.
• Kaufman Bros. upgraded Palm (PALM) to buy from hold citing the recent pullback in shares and indications that Verizon (VZ) will carry webOS phones as early as 1H10. The firm has a $16 target on the stock.
• Piper Jaffray raised Medicis (MRX) to neutral from underweight and raised its target to $20 from $16. Following a management meeting, Piper said they have increased confidence in Soldyn risk and LipoSonix's safety profile.
• Illinois Tool Works (ITW) was upgraded to buy from neutral at UBS.
• Devon Energy (DVN) was upgraded to outperform from market perform at Wells Fargo.
• Carmike Cinemas (CKEC) was upgraded to buy from neutral at Merriman.

Continue reading Analyst upgrades, downgrades and initiations: DELL, NFLX, PALM, SPWRA, XOM ...

Analyst upgrades, downgrades and initiations: DELL, NFLX, PALM, SPWRA, XOM ... originally appeared on BloggingStocks on Tue, 17 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Sierra Wireless (NASDAQ: SWIR) was upgraded at Jefferies to Hold from Underperform following Q3 results. The firm believes the Wavecom acquisition integration is progressing better than expected and finds the valuation attractive at current levels. The firm raised its price target to $10 from $5.
• Boston Properties (NYSE: BXP) was upgraded to Buy from Hold at Deutsche Bank to reflect the company's recapitalization and better-than-expected occupancy. The firm raised its target to $69 from $46.
• Wyndham (NYSE: WYN) was upgraded to Outperform from Market Perform at FBR Capital after the shares sold off following the company's Q3 results. The firm raised its target to $23 from $15.
• Human Genome (NASDAQ: HGSI) was upgraded to Overweight from Neutral at JPMorgan. Target was raised to $25 from $14.
• Urban Outfitters (NASDAQ: URBN) was upgraded to Overweight from Market Weight at Thomas Weisel as they expect a "meaningful sales and earnings improvement in Q4." Target was raised to $39 from $32.
• Methanex (NASDAQ: MEOH) was upgraded to Buy from Neutral at UBS, citing improved methanol demand following the Q3 report. Target was raised to $19.50 from $17.
• Buffalo Wild Wings (NASDAQ: BWLD) was upgraded at Raymond to Market Perform from Underperform.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, HAL, GCI, GT, IMAX, URBN ...

Analyst upgrades, downgrades and initiations: ADBE, HAL, GCI, GT, IMAX, URBN ... originally appeared on BloggingStocks on Thu, 29 Oct 2009 10:30:00 EST. Please see our terms for use of feeds.

Continue reading Closing Bell: Sudden euphoria, take 18 (C, DNDN, LOW, ORCL, SII)

Closing Bell: Sudden euphoria, take 18 (C, DNDN, LOW, ORCL, SII) originally appeared on BloggingStocks on Tue, 22 Sep 2009 16:00:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Citigroup upgraded Cooper Industries (NYSE: CBE) to Buy from Hold on valuation as it believes commercial construction concerns are well known. The firm raised its target on shares to $40 from $37, and coupled the upgrade with a downgrade of Rockwell Automation (NYSE: ROK) to Sell from Hold.
• Credit Suisse upgraded BJ Services (NYSE: BJS) to Neutral from Underperform following its acquisition by Baker Hughes (NYSE: BHI). The firm raised its target to $17.
• Credit Suisse also upgraded Amkor Technology (NASDAQ: AMKR) to Outperform from Neutral and raised its target to $8 from $7. The firm expects Amkor to benefit from near-term strength in the supply chain and the mix shift towards higher value packaging.
• Textron (NYSE: TXT) was upgraded to Conviction Buy from Neutral at Goldman.
• Siemens (NYSE: SI) was upgraded to Neutral from Sell at UBS.
• Stanley Works (NYSE: SWK) was upgraded to Buy from Neutral at Janney Montgomery.

Continue reading Analyst upgrades, downgrades and initiations: ANF, BJS, CBE, GENZ, ROK, SI ...

Analyst upgrades, downgrades and initiations: ANF, BJS, CBE, GENZ, ROK, SI ... originally appeared on BloggingStocks on Wed, 02 Sep 2009 11:40:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Citigroup upgraded Lennar (NYSE: LEN) to Buy from Hold as it believes the company's near-term liquidity profile is improved following the $400M debt issuance. The firm raised its target price to $12 from $11.
• Jefferies upgraded Rowan Companies (NYSE: RDC) to Buy from Hold as it believes jack-up drillers will continue to outperform deepwater names. The firm raised its target price to $27 from $20.
• Keefe Bruyette upgraded First Financial (NASDAQ: FFIN) to Market Perform from Underperform to reflect more positive loan data for the Texas banks. The firm raised its target price on shares to $44 from $38.
• MGM Mirage (NYSE: MGM) was upgraded to Overweight from Neutral at JP Morgan.
• Morgan Stanley (NYSE: MS) was upgraded to Outperform from Market Perform at JMP Securities.
• Brinker (NYSE: EAT) was upgraded to Overweight from Equal Weight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: LEN, RDC, FFIN, SII, AN, ACHN, UA, LULU, JST

Analyst upgrades, downgrades and initiations: LEN, RDC, FFIN, SII, AN, ACHN, UA, LULU, JST originally appeared on BloggingStocks on Mon, 18 May 2009 10:30:00 EST. Please see our terms for use of feeds.

Continue reading Energy is crashing! Feeling bullish? Here's an easy way to invest

Energy is crashing! Feeling bullish? Here's an easy way to invest originally appeared on BloggingStocks on Mon, 28 Jul 2008 16:31:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: O'Reilly Automotive, Corning and Lincoln National were today's noteworthy downgrades:

• William Blair downgraded O'Reilly Automotive (NASDAQ: ORLY) to Market Perform from Outperform following weak Q1 results, citing the potential for further downward EPS revisions.
  
• Thomas Weisel downgraded Corning Inc. (NYSE: GLW) to Market Weight from Overweight citing balanced risk/reward given the backdrop of a maturing LCD penetration and generational upgrade cycle, and the challenging environment.
  
• Wachovia downgraded Lincoln National Corp. (NYSE: LNC) to Market Perform from Outperform as they believe the weak Q1 market weakness will impact profitability.

OTHER DOWNGRADES:

• Smith International (NYSE: SII) was cut to Perform from Outperform at Oppenheimer.
  
• Delphi Financial (NYSE: DFG) was downgraded at Friedman Billings to Market Perform from Outperform.
  
• CIBC downgraded Biovail (NYSE: BVF) to Sector Performer from Sector Outperformer.

Analyst downgrades: O'Reilly Automotive, Corning, Lincoln National originally appeared on BloggingStocks on Wed, 23 Apr 2008 11:52:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Smith International, Cerner and Coach were today's noteworthy upgrades:

• JP Morgan upgraded Smith International (NYSE: SII) to Overweight from Neutral citing better risk/reward vs. group, and upside to estimates from Latin America drilling and its deepwater rig fleet. Note that Oppenheimer downgraded shares of SII based on valuation.
  
• Jefferies believes Cerner Corp. (NASDAQ: CERN) in-line results and solid domestic bookings could alleviate the pressure on shares. Shares were raised to Buy from Hold.
  
• Shares of Coach Inc. (NYSE: COH) were raised to Buy from Hold at Citigroup, citing sales stabilization and compelling valuation.

OTHER UPGRADES:

• Medco Health (NYSE: MHS) was upgraded at Oppenheimer to Outperform from Perform.
  
• ThinkPanmure raised VMware Inc. (NYSE: VMW) to Buy from Accumulate.
  
• SunTrust Banks (NYSE: STI) was upgraded to Market Perform from Underperform at Keefe Bruyette.

Analyst upgrades: Coach, Cerner, Smith International originally appeared on BloggingStocks on Wed, 23 Apr 2008 11:47:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• UBS downgraded Large Cap Oilfield Services stocks citing a "more sober 2008 outlook." The firm downgraded Smith International (NYSE: SII) and Baker Hughes (NYSE: BHI) to Neutral from Buy, citing delays in offshore growth for the Smith downgrade and execution issues for Baker Hughes.
  
• Banc of America downgraded shares of Andersons (NASDAQ: ANDE) to Neutral from Buy following the company's Q4 results to reflect a lack of visibility on FY08 growth.
  
• Citigroup downgraded shares of Unilever (NYSE: UN/UL) to Hold from Buy to reflect an increase in commodity costs.

• Lehman lowered PNM Resources (NYSE: PNM) to Equal Weight from Overweight; shares were also downgraded to Hold from Buy at Citigroup.
  
• Friedman Billings downgraded Thomas & Betts (NYSE: TNB) to Market Perform from Outperform.

Analyst downgrades: Large cap oilfield services, ANDE, UN/UL originally appeared on BloggingStocks on Tue, 12 Feb 2008 11:05:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JP Morgan upgraded shares of Vodafone Group (NYSE: VOD) to Overweight from Neutral, as they believe the company is benefiting from increased data sales.
  
• Citrix Systems (NASDAQ: CTXS) was upgraded to Outperform from Market Perform at Friedman Billings. The firm's checks indicate that its clear communication strategy and a stronger technology platform behind the Enterprise and Platinum editions is spurring top line growth.
  
• Baird upgraded shares of STMicroelectronics (NYSE: STM) to Outperform from Neutral based on new product cycle, multiple design wins, valuation, and strong Q4 guidance.
  
• Cantor upgraded shares of Symmetricom (NASDAQ: SYMM) to Buy from Hold as they find the valuation compelling and are comfortable with Q1 estimates.
  
• Calyon Securities upgraded Smith International (NYSE: SII) to Add from Neutral following its Q3 report and guidance.

• Shaw Group (NYSE: SGR) was upgraded to Neutral from Sell at Goldman Sachs.
  
• RBC Capital upgraded QLogic Corporation (NASDAQ: QLGC) to Outperform from Sector Perform.
  
• Credit Suisse upgraded Amgen (NASDAQ: AMGN) and Weatherford (NYSE: WFT) to Outperform from Neutral.

Analyst upgrades: VOD, CTXS, STM, SYMM and SII originally appeared on BloggingStocks on Wed, 24 Oct 2007 10:55:00 EST. Please see our terms for use of feeds.