aruba posts
Posted Mar 27th 2008 11:32AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Motorola (MOT), Juniper Networks (JNPR), Calif Pizza Kitchen (CPKI)
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MOST NOTEWORTHY: Motorola, California Pizza, and Seagate were today's noteworthy downgrades:
- Banc of America downgraded shares of Motorola (NYSE: MOT) to Neutral from Buy, despite believing the split into two businesses could ultimately unlock value, as they see few catalysts over the next year to lift shares. Banc of America also sees risk to Q1 earnings and lowered their target to $11 from $15.
- Friedman Billings lowered California Pizza Kitchen (NASDAQ: CPKI) to Market Perform from Outperform citing sluggish trends in its core markets.
- Seagate (NYSE: STX) was cut to Neutral from Outperform at Baird, citing weakening industry conditions throughout the month of March.
OTHER DOWNGRADES:
Posted Aug 13th 2007 12:24AM by Kevin Shult
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 May 8th 2007 11:07AM by Kevin Shult
Filed under: Before the bell, MasterCard Inc'A' (MA), Analyst initiations
MOST NOTEWORTHY: American Home Mortgage Investment Corp (AHM), MasterCard Inc (MA) and the selective railroad companies were today's more notable initiations:
- JMP Securities started American Home Mortgage (NYSE: AHM) with a Market Perform frating citing the challenging mortgage market.
- UBS started MasterCard (NYSE: MA) with a Buy and doesn't believe margin upside is fully reflected in the stock's valuation.
OTHER INITIATIONS:
- Saks Inc (NYSE: SKS) was started at Bear Stearns with a Peer Perform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted May 7th 2007 11:32AM by Kevin Shult
Filed under: Before the bell, Analyst initiations, Delta Air Lines (DAL)
MOST NOTEWORTHY: Delta Air Lines, Inc (DAL), Goodrich Corp (GR), Opnext, Inc (OPXT), Terex Corp (TEX) and Aruba Networks (ARUN) topped today's most noteworthy initiations list:
- UBS started shares of Delta Air Lines Inc (NYSE: DAL) with a Reduce rating and $17 target on valuation and management's overly optimistic outlook.
- Deutsche Bank prefers to wait of a better entry point for Goodrich Corp (NYSE: GR) and initiated shares with a Hold rating.
- Opnext Inc (NASDAQ: OPXT) was initiated at JP Morgan with a Neutral rating citing concerns regarding new transceiver margins.
- Prudential believes Terex Corp (NYSE: TEX) is well positioned to take advantage of strong sustainable growth in the global infrastructure and mining markets over at least the rest of the decade, starting shares with an Overweight rating.
- RBC Capital started Aruba Networks (NASDAQ: ARUN) with a Sector Perform rating while Lehman Bros initiated Aruba with an Overweight rating.
OTHER INITIATIONS:
- Goldman Sachs started CenturyTel, Inc (NYSE: CTL) with a Sell rating and $42 target on valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Posted Apr 23rd 2007 11:13AM by Kevin Shult
Filed under: Before the bell, Aetna Inc (AET), Alcatel-LucentADS (ALU), Analyst initiations
MOST NOTEWORTHY: UnitedHealth Group Inc (UNH), Aetna Inc (AET), Hercules Inc (HPC) and Alcatel-Lucent (ALU), were today's noteworthy initiations:
- Jefferies started UnitedHealth Group inc NYSE: UNH) with a Hold rating and $48 target and said near-term risk is still present due to unfavorable reserve adjustments to the company's commercial risk business and high expectations for improvement in the company's commercial medical care ratio.
- Aetna Inc (NYSE: AET) was also initiated by Jefferies with a Hold rating based on valuation.
- Credit Suisse started Hercules Inc (NYSE: HPC) with an Outperform rating and $24 target.
OTHER INITIATIONS:
- Cowen is positive on MIPS Technologies, Inc (NASDAQ: MIPS), starting the company with an Outperform rating, and expects a deal with Microchip Technology Inc (MCHP) to be announced soon.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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