MOST NOTEWORTHY:

• Deutsche Bank downgraded shares of Garmin Ltd. (NASDAQ: GRMN) to Hold from Buy and lowered their target to $90 from $125 after channel checks at CES raised concerns about competitive pressure in the U.S. and pricing. Deutsche sees increasing uncertainty for 2008.
• Express Scripts (NASDAQ: ESRX) was lowered to Market Perform from Outperform based on valuation and risk to 2008 guidance.
  
• Banc of America downgraded shares of ArQule (NASDAQ: ARQL) to Neutral from Buy following the departure of CEO Dr. Stephen Hill, to reflect greater execution risk and uncertainty.

• Keefe Bruyette downgraded IberiaBank (NASDAQ: IBKC) to Underperform from Market Perform.
  
• JMP Securities lowered Red Lion Hotels (NYSE: RLH) to Market Outperform from Strong Buy.
  
• Bear Stearns downgraded Family Dollar (NYSE: FDO) to Underperform from Peer Perform.

Analyst downgrades: Garmin, Express Scripts, ArQule originally appeared on BloggingStocks on Wed, 09 Jan 2008 11:49:00 EST. Please see our terms for use of feeds.

• Day Undetermined:
  • The Blackstone Group (BX), a 133.3M-share IPO. Morgan Stanley and Citigroup are the lead managers. Filing range: $29.00-$31.00.
• Tuesday
  • Biofuel Energy (BIOF), a 9.5M-share IPO for this ethanol company. JP Morgan Chase, Citigroup, and AG Edwards are the lead managers. Filing range: $16.00-$18.00.
• Wednesday
  • Bway (BWY), an 11.765M-share IPO for this container company. Goldman Sachs and the Bank of America are the lead managers. Filing range: $16.00-$18.00.
  • GeoVera Insurance (GEOV), a 5.99M-share IPO for this residential insurance company. JP Morgan Chase and Merrill Lynch are the lead managers.
• Thursday
  • Aegerion Pharmaceuticals (AEGR), a 5M-share IPO for this cardiovascular medicines company. Lehman Brothers is the lead manager. Filing range: $12.00-$14.00.

Continue reading IPO & secondary weekly preview: Blackstone Group, Hertz, Omniture

IPO & secondary weekly preview: Blackstone Group, Hertz, Omniture originally appeared on BloggingStocks on Mon, 11 Jun 2007 10:10:00 EST. Please see our terms for use of feeds.