THRM posts
FeedPosted Dec 30th 2008 10:45AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
.gif)
Analyst upgrades:
- Axys Tech (NASDAQ: AXYS) was upgraded to Buy from Hold at Morgan Joseph based on valuation.
- Elizabeth Arden (NASDAQ: RDEN) was upgraded to Buy from Hold at Wedbush on valuation and the success of the company's Viva La Juicy launch.
Analyst downgrades:
- Keefe Bruyette downgraded Greenhill & Co. (NYSE: GHL) and Evercore Partners (NYSE: EVR) to Market Perform from Outperform on valuation and lowered its estimates to reflect slower than initially expected M&A advisory transactions. Greenhill's target was lowered to $66 from $72 and Evercore's was cut to $14.50 from $16.
- Collins Stewart downgraded shares of Thermage (NASDAQ: THRM) to Hold from Buy following the Reliant acquisition to reflect integration and balance sheet concerns.
Analyst initiations:
- Roth Capital views American Oriental (NYSE: AOB) as a cash-rich, multi-faceted pharmaceutical company that is well equipped to handle unforeseen changes in China's Health care market. Shares were initiated with a Buy rating and $10 target.
- Jesup & Lamont believes Bristow Group (NYSE: BRS) is well positioned in current downturn as the majority of its business is in production platforms and drilling rigs. The firm started shares with a Buy rating and $37 target.
- Barrington initiated BWAY Holding (NYSE: BWY) with an Outperform rating and $9 target. The firm believes the company is an early cycle business that should benefit from cost reduction activity.
- Grand Canyon (NASDAQ: LOPE) was assumed with a Buy rating and $21 target at Piper Jaffray.
Posted Aug 13th 2007 12:24AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Analyst initiations, Blackstone Group L.P (BX), Stocks to Buy, Stocks to Sell
MOST NOTEWORTHY: Aruba Networks (ARUN), the aesthetic energy devices sector and Emeritus Corp (ESC) were today's noteworthy initiations:
- JP Morgan initiated shares of Aruba Networks (NASDAQ: ARUN) with a Neutral rating. The firm believes Aruba shares are fully valued at these levels and reflects strong growth with operating leverage.Pacific Crest believes Aruba, initiated with a Sector Perform rating and $19 target, is a strong alternative to Cisco Systems (NASDAQ: CSCO) in the WLAN market and its strong position as a point vendor makes the company an attractive acquisition candidate.
- Leerink Swann estimates the aesthetic energy devices sector is likely to experience 20% revenue growth over the next five years. The firm finds Thermage (NASDAQ: THRM) a turnaround-story which has a compelling mix of revenues from disposable tips while Cynosure (NASDAQ: CYNO) is capitalizing successfully on new product cycles with Affirm and SmartLipo. Palomar Medical Technologies (NASDAQ: PMTI) is viewed as the IP leader for hair removal products; Leerink initiated Thermage and Cynosure with Outperform ratings and Palomar with a Market Perform rating.
- Emeritus Corp (AMEX: ESC) was initiated with a Buy rating and $33 target at Stifel, which believes ESC has one of the best cash earnings growth stories among any of the traded senior housing companies.
OTHER INITIATIONS:
- CE Unterberg started shares of Synchronoss (NASDAQ: SNCR) with a Buy rating and $41 target.
- Blackstone Group (NYSE: BX) was initiated with an Overweight rating and $41 target at Morgan Stanley.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jan 12th 2007 9:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), General Electric (GE), McDonald's (MCD), NYSE Euronext (NYX), Lockheed Martin (LMT)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) highlighted Apple Inc's (NASDAQ: AAPL) ongoing options probe among its headlines.
- Federal Authorities are "actively" investigating backdated stock-option grants awarded to Steve Jobs, Apple's CEO.
- The NYSE Group's (NYSE: NYX) New York Stock Exchange is planning a pilot program later this year that may bring real-time stock price data to investors via web sites such as Google Inc (NASDAQ: GOOG) and Yahoo Inc (NASDAQ: YHOO).
- The Financial Times (subscription required) highlighted Britain's announcement to pull troops out of Iraq as the U.S. adds more to Iraq.
- Siemens AG's (NYSE: SI) ex-CFO Heinz-Joachim Neuburgerwas named in a bribery probe.
- British Prime Minister William Blair is set to announce an Iraq troop pullout of 2,600 soldiers.
- Regulators in Britain say that stem cell work with animals may be legal, despite a proposal to ban on hybrid embryo experiments.
OTHER PAPERS:
- The Economic Times reports that Reliance Industries may make a bid for General Electric Company's (NYSE: GE) Plastics Operations.
- The Chicago Tribune reports that McDonald's Corporation (NYSE: MCD) may put its Boston Market chain up for sale.
- CNet.com reports that Microsoft Corp (NASDAQ: MSFT) has lost its top executive in China, Li Gong.
- Investor's Business Daily's "New America" column said that Middleby Corp (NASDAQ: MIDD) should profit from the trend away from trans fats with their new Rocket Fryer.
- BusinessWeek's "Inside Wall Street" column mentioned Lockheed Martin Corporation (NYSE: LMT), Sempra Energy (NYSE: SRE) and Thermage Inc (NASDAQ: THRM) positively.
Before the bell: Futures sharply lower on Dubai's debt problems
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
