acts posts
FeedPosted May 11th 2007 11:17AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News, Wendy's Intl (WEN), Amgen Inc (AMGN), Rio Tinto plc ADS (RIO)
MOST NOTEWORTHY: Amgen (AMGN), Wendy's (WEN), webMethods (WEBM), Global Crossing (GLBC) and International Securities Exchange (ISE) topped out today's noteworthy downgrades:
- A host of companies shot down Amgen Inc (NASDAQ: AMGN) today:
- Lazard cut the drugmaker to Sell from Buy while Citigroup cut them to Sell from Hold. JP Morgan and HSBC downgraded Amgen to Neutral from Overweight while Morgan Stanley cut shares to Equal-Weight from Overweight.
- Elsewhere, Wendy's Int'l (NYSE: WEN) was downgraded by Citigroup to Hold from Buy on valuation.
- Deutsche Bank cut shares of webMethods Inc (NASDAQ: WEBM) to Hold from Buy as they expect the software AG merger to go through.
- Global Crossing (NASDAQ: GLBC) was downgraded to Hold from Buy at Deutsche Bank following the company's Q1 miss and revised guidance.
- The International Securities Exchange (NYSE: ICE) was downgraded at Banc of America given potential risks to the Eurex bid. They are not counting on rival bids and recommend moving to the sidelines...
OTHER DOWNGRADES:
- HSBC downgraded Rio Tinto (NYSE: RTP) to Neutral from Overweight.
- Morgan Stanley downgraded King Pharma (NYSE: KG) to Equal Weight from Overweight. Pacific
Analyst summaries provided by TheFlyOnTheWall.com (subscription required)Posted Feb 20th 2007 12:38PM by Melly Alazraki (RSS feed)
Filed under: Analyst Initiations
MOST NOTEWORTHY:
- Actions Semiconductor Co., Ltd. ADS (NASDAQ:ACTS) was the only noteworthy initiation today. Shares of the fabless semiconductor company were started with an Outperform rating and $10 target at Pacific Crest. The firm believes Actions is a cheap way to play the world's largest MP3-controller vendor.
OTHER INITIATIONS:
- Lazard started Immunomedics, Inc. (NASDAQ:IMMU) with a Buy rating and $6 target.
- SuperValu, Inc. (NYSE:SVU) was initiated at Morgan Stanley with an Equal Weight rating.
- CIBC started Cameco Corp. (NYSE:CCJ) with a Sector Outpeformer rating, with expectations for uranium demand to stay robust.
- HSBC Holdings initiated shares of Liberty Global, Inc. (NASDAQ:LBTYA) with an Overweight rating.
- AG Edwards initiated Spectra Energy Corp. (NYSE:SE) with a Hold rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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