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Analyst upgrades, downgrades and initiations: QCOM, AAPL, IBM, BP, MS, VMW, TVA ...

Posted Apr 23rd 2009 10:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Apple Inc (AAPL), International Business Machines (IBM), Morgan Stanley (MS), BP p.l.c. ADS (BP), QUALCOMM Inc (QCOM), Analyst initiations, Broadcom Corp'A' (BRCM), Teva Pharm Indus ADR (TEVA)

Analyst upgrades:
  • Jefferies upgraded Brocade (NASDAQ: BRCD) to Buy from Hold on expectations expanding OEM partnerships, new products and entry into new markets will drive long-term growth. The firm's channel checks indicate the first phase of an IBM (NYSE: IBM) deal for ethernet products will be announced next week. Jefferies raised its target price on the stock to $6 from $3.50.
  • JMP Securities upgraded Broadcom (NASDAQ: BRCM) to Market Perform from Underperform citing the potential settlement with Qualcomm (NASDAQ: QCOM). The firm said Broadcom has far more to gain than Qualcomm has to lose.
  • Citigroup upgraded Air Products (NYSE: APD) and Praxair (NYSE: PX) to Buy from Hold on expectations that an improvement in customer operating rates will benefit gas companies. The firm raised its target price on Air Products to $70 from $55 and on Praxair to $79 from $63.
  • Royal Bank of Scotland upgraded BP Plc (NYSE: BP) to Buy from Hold to reflect its dividend yield at current levels.
  • Apple (NASDAQ: AAPL) was raised to Outperform from Underperform at RBC Capital.
  • T. Rowe Price (NYSE: TROW) was upgraded at Sandler O'Neill to Hold from Sell.
  • Morgan Stanley (NYSE: MS) was lifted to Neutral from Underperform at Banc of America/Merrill.

Continue reading Analyst upgrades, downgrades and initiations: QCOM, AAPL, IBM, BP, MS, VMW, TVA ...

IPO & secondary preview -- Week of June 25, 2007

Posted Jun 25th 2007 11:01AM by Joseph Lazzaro (RSS feed)
Filed under: SEC filings, Other issues, Deals

Just call it the last equity blast before summer. Wall Street's equity market offers a full schedule this week, as lead managers and companies attempt to capture as much buy-side demand as possible a week before the shorter 4th of July week, which is traditionally the start of a lighter syndicate period on Wall Street.

All told, 11 IPOs and 8 Secondaries are on the docket. Those deals tentatively scheduled to price include:

IPOs:

Tuesday
  • GSC Acquistion (GGA), a 15M-share IPO for this business financing company. Ladenburg, Thalman & Co. and I-Bankers Securities are the lead managers. Filing price: $10.00.
  • Spectra Energy Partners LP (SEP), a 10M-share IPO for this natural gas MLP. Citigroup and Lehman Brothers are the lead managers. Filing range: $19.00-$21.00.

Continue reading IPO & secondary preview -- Week of June 25, 2007

Symbol Lookup
IndexesChangePrice
DJIA-188.2610,276.14
NASDAQ-45.612,130.44
S&P 500-23.751,086.88

Last updated: November 27, 2009: 09:51 AM

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