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Analyst initiations: U.S. retail hardlines, biofuels, IPG and OMC

Posted Apr 25th 2008 11:21AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Home Depot (HD), Bed Bath and Beyond (BBBY), Best Buy (BBY), , Lowe's Cos (LOW), Analyst initiations

MOST NOTEWORTHY: The U.S. Retail Hardlines Sector, the BioFuels Sector, Interpublic Group and Omnicom Group were today's noteworthy initiations:

Lehman initiated the Retail Hardlines Sector with a Neutral. The firm initiated coverage of Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) with Overweight ratings and Best Buy (NYSE: BBY), Bed Bath & Beyond (NASDAQ: BBBY) and Williams Sonoma (NYSE: WSM) with Equal Weight ratings.
Oppenheimer initiated Aventine Renewable (NYSE: AVR), Pacific Ethanol (NASDAQ: PEIX) and VeraSun Energy (NYSE: VSE) with Perform ratings. The firm is cautious on the industry due to higher feedstock costs.
UBS initiated Interpublic Group (NYSE: IPG) and Omnicom Group (NYSE:OMC) with Buy ratings and an $11 target and $62 target, respectively. The firm views valuation as attractive.

OTHER INITIATIONS:

Morgan Stanley assumed coverage of International Flavors (NYSE: IFF) with an Overweight rating.
Wachovia initiated CGI Group (NYSE: GIB) with a Market Perform rating.
Leap Wireless (LEAP) was initiated at RBC Capital with a Sector Perform rating and $55 target.

Analyst upgrades: WMGI, ATLS and DAL

Posted Apr 11th 2008 11:35AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Delta Air Lines (DAL)

MOST NOTEWORTHY: Wright Medical, Atlas America and Delta Air Lines were today's noteworthy upgrades:

JP Morgan upgraded Wright Medical (NASDAQ: WMGI) to overweight from neutral citing company specific momentum and the increasingly favorable orthopedic industry backdrop.
Atlas America (NASDAQ: ATLS) was raised to outperform from market perform at Friedman Billings citing valuation and outlook for its upstream MLP.
Credit Suisse upgraded Delta Air Lines (NYSE: DAL) to Outperform from Neutral citing valuation and capacity cuts. The firm also upgraded Northwest Airlines (NYSE: NWA) to outperform from neutral.

OTHER UPGRADES:

Broadpoint raised Aventine Renewable (NYSE: AVR) to neutral from underperform.
Crown Castle (NYSE: CCI) and SBA Comm (NASDAQ: SBAC) were upgraded to buy from hold at Soleil.

Analyst downgrades: NTRI, ENDP, CXP, AVR and BIOF

Posted Oct 4th 2007 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Hansen Natural (HANS)

MOST NOTEWORTHY: NutriSystem, Endo Pharmaceuticals, Corporate Express NV, Aventine Renewable Energy Holdings and BioFuel Energy were today's noteworthy downgrades:

NutriSystem (NASDAQ: NTRI) was downgraded to Hold from Buy at Lazard and to Buy from Strong Buy at Broadpoint following its lowered Q3 guidance.
Jefferies downgraded shares of Endo Pharmaceuticals (NASDAQ: ENDP) to Hold from Buy after Impax Laboratories (NASDAQ: IPXL) filed a Paragraph IV challenge against Opana ER yesterday to reflect the potential for a generic version of Opana ER arriving as early as 2010 and the possibility of a similar threat against Lidoderm.
Corporate Express (NYSE: CXP) was downgraded to Hold from Buy at ING, as they believe the new CEO's long-term targets are overly ambitious.
JP Morgan downgraded Aventine Renewable (NYSE: AVR) and BioFuel Energy (NASDAQ: BIOF) to Neutral from Overweight, citing weaker fundamentals in ethanol pricing.

OTHER DOWNGRADES:

JP Morgan downgraded Charlotte Russe (NASDAQ: CHIC) and The Wet Seal (NASDAQ: WTSLA) to Neutral from Overweight.
Goldman downgraded Monolithic Power Systems (NASDAQ: MPWR) and Hansen Natural (NASDAQ: HANS) to Neutral from Buy; Goldman removed National Semiconductor (NYSE: NSM) from its Conviction Buy List.

Analyst downgrades: Ethanol sector, BT, AMR and KYPH

Posted Sep 20th 2007 10:45AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, AMR Corp (AMR), Luxottica Group ADS (LUX)

MOST NOTEWORTHY: The ethanol sector, BT Group, AMR Corp and Kyphon were today's noteworthy downgrades:

Friedman Billings downgraded Aventine Renewable Energy (NYSE: AVR) and Pacific Ethanol Inc (NASDAQ: PEIX) to Underperform and VeraSun Energy Corporation (NYSE: VSE) was downgraded to Market Perform from Outperform. The firm said the ethanol market has become increasingly challenging as spot market prices have declined by 30% in the past few months and expect pressure to remain through 2008 as the industry's growing pains continue.
Morgan Stanley downgraded shares of BT Group (NYSE: BT) to Underweight from Equal Weight on valuation and regulation uncertainty ahead of Ofcom's first consultation document next week.
AMR Corporation (NYSE: AMR) was downgraded to Sell from Neutral at Goldman to reflect the company's U.S. exposure as they expect the U.S. economy to slow.
Banc of America downgraded shares of Kyphon Inc (NASDAQ: KYPH) to Neutral from Buy on valuation as the spread on the acquisition by Medtronic Inc (NYSE: MDT) has now narrowed.

OTHER DOWNGRADES:

Pepsi Bottling Group Inc (NYSE: PBG) was downgraded to Market Perform from Outperform at Bernstein.
Oppenheimer downgraded Signature Bank (NASDAQ: SBNY) to Neutral from Buy.
ThinkEquity downgraded BioCryst Pharmaceuticals (NASDAQ: BCRX) to Accumulate from Buy.
Merrill Lynch downgraded Luxottica Group (NYSE: LUX) to Neutral from Buy.

Analyst downgrades 8-02-07: ADSK, CMG, EDS and MRVL

Posted Aug 2nd 2007 11:18AM by Kevin Shult (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Bad news, Chipotle Mexican Grill'A' (CMG), , Marvell Technology Group (MRVL), Stocks to Sell

MOST NOTEWORTHY: Getty Images (GYI), Jackson Hewitt (JTX), Electronic Data (EDS), RC2 Corp (RCRC) and Chipotle Mexican Grill (CMG) were today's noteworthy downgrades:

Deutsche Bank cut Getty Images (NYSE: GYI) to Sell from Hold citing deterioration in its core business. Gabelli downgraded Getty Images to Hold from Buy after the company lowered guidance to reflect the changing industry dynamics.

Goldman cut Jackson Hewitt (NYSE: JTX) to Sell from Neutral citing near-term risks that include the renegotiation of the HSBC (HBC)/RAL contract, the DoJ/IRS investigation, and decreasing performance in tax.

Jefferies downgraded Electronic Data Systems (NYSE: EDS) to Hold from Buy to reflect the company's slowing cash flow improvement.

Wedbush downgraded RC2 Corp (NASDAQ: RCRC) to Buy from Strong Buy on the lower sales forecast for 2007. Soleil cut shares to Hold from Gradually Accumulate to reflect uncertainty over the Thomas recall and increased competition.

Chipotle Mexican Grill (NYSE: CMG) was downgraded to Market Perform from Outperform based on valuation...

OTHER DOWNGRADES:

Lazard downgraded Kyphon (NASDAQ: KYPH) to Hold from Buy.

SMH Capital cut Aventine Renewable Energy (NYSE: AVR) to Sell from Neutral.

Credit Suisse downgraded AutoDesk (NASDAQ: ADSK) to Neutral from Buy.

UBS cut SABMiller (OTC SBMRY) to Reduce from Neutral.

CIBC downgraded Marvell Tech (NASDAQ: MRVL) to Sector Performer from Outperformer.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 4-12-07: DELL, GS, HPQ, MER, MS and MSFT initiated today

Posted Apr 12th 2007 11:42AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Microsoft (MSFT), Dell (DELL), Hewlett-Packard (HPQ), , Goldman Sachs Group (GS), Morgan Stanley (MS), Analyst initiations

MOST NOTEWORTHY: Microsoft (MSFT), Dell (DELL), Hewlett-Packard (HPQ) and certain broker/dealers were some of today's notable initiations:

Soleil initiated Microsoft (NASDAQ: MSFT) with a Buy rating and $33 target, expecting a strong upgrade cycle near-term and anticipates expanding addressable markets and its global footprint in the long-term.
Dell Inc (NASDAQ: DELL) was initiated with an Above Average rating and $27 objective at Caris. The firm expects Dell to have 2-3 potentially "sloppy" quarters and believes investors will give it a "pass," as the company's current valuation reflects a majority of the near-term risk.
Caris also started Hewlett-Packard Co (NYSE: HPQ) with an Above Average rating along with a $44 objective.
Deutsche Bank initiated several broker/dealers with Buy ratings including Goldman Sachs Group (NYSE: GS), Merril Lynch & Co (NYSE: MER), Morgan Stanley (NYSE: MS) and Lehman Brothers Holdings Inc (NYSE: LEH).

OTHER INITIATIONS:

Lehman Brothers started coverage on the U.S. ethanol sector with a Neutral rating. The firm initiated Aventine Renewable Energy Holdings, Inc (NYSE: AVR) with an Overweight rating and $23 target.
Wedbush started Guess?, Inc (NYSE: GES) with a Buy rating and $49 target.
Kaufman reinstated Covad Communications (AMEX: DVW) with a Buy rating and $2.00 target.
Prudential started Leap Wireless International, Inc (NASDAQ: LEAP) with an Overweight rating and $90 target.
RBC Capital initiated shares of TurboChef Technologies, Inc (NASDAQ: OVEN) with an Underperform rating and $13 target.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Cramer says sell alt.energy names, buy CROX

Posted Sep 25th 2006 2:49PM by Jon Ogg (RSS feed)
Filed under: Analyst reports, Crocs Inc (CROX)

from www.247wallst.com.....

On Jim Cramer's STOP TRADING segment on CNBC at 2:45 PM EST, Cramer was discussing how to play oil prices dropping and a crock of something.

Now that oil has gone to $60, Cramer said he is tired of torture House game because that homebuilder group was the best performer over last month.

Cramer says Sell alternative energy stocks, particularly Ethanol plays. He says even sell solar power. He is discussing the stocks, not the technology. They showed SunPower Corporation (NASDAQ:SPWR), FuelCell Energy, Inc. (NASDAQ:FCEL), Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), Verasun Energy Corporation (NYSE:VSE), Ballard Power Systems, Inc. (NASDAQ:BLDP). He said he is talking about the stocks, not the company.

Crocs, Inc. (NASDAQ:CROX) is up 6% and Cramer thinks they will preannounce upside to the quarter tomorrow at an investor conference presentation. He likes the closed toe cold weather and Disney deals. He says they are hot and go higher. He also noted for the short sellers to watch out.

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