cathay posts
FeedPosted Aug 29th 2007 10:43AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Bad news, Polo Ralph Lauren'A' (RL), Stocks to Sell
MOST NOTEWORTHY: Papa John's (PZZA), Wynn Resorts (WYNN), SourceForge (LNUX), Cathay Pacific (CPCAY) and Arthur J. Gallagher (AJG) were today's noteworthy downgrades:
- Matrix downgraded shares of Papa John's (NASDAQ: PZZA) to Hold from Strong Buy to reflect minimal improvement to fundamentals and negative free cash flow trends.
- Wynn Resorts (NASDAQ: WYNN) was downgraded to Peer Perform from Outperform based on valuation as the firm believes shares fully reflect solid Las Vegas & Macau fundamentals and the company's development pipeline.
- SourceForge (NASDAQ: LNUX) was cut to Underperform from Market perform at JMP Securities, with a $3 target, following the disappointing results.
- Arthur J. Gallagher (NYSE: AJG) was cut to Underperform from Peer Perform at Bear Stearns as they believe margin expansion will be lower than expected, softening insurance pricing will impact organic growth, and cites managements acquisition desires over aggressive repurchases...
OTHER DOWNGRADES:
- Morgan Stanley cut Arch Coal (NYSE: ACI) to Underwieght from Overweight.
- JP Morgan downgraded Sonic (NASDAQ: SONC) to Neutral from Overweight.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jul 27th 2007 10:55AM by Kevin Shult (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Good news, NYSE Euronext (NYX), Gap Inc (GPS), , Nordstrom, Inc (JWN), Stocks to Buy
MOST NOTEWORTHY: AU Optronics (AUO), RightNow Tech (RNOW), Alaska Air (ALK), Nordstrom (JWN), Gap (GPS) and Old Dominion Freight Line (ODFL) were today's noteworthy upgrades:
- HSBC upgraded AU Optronics (NYSE: AUO) to Overweight from Neutral following the company's Q2 results.
- Jefferies raised RightNow Technology (NASDAQ: RNOW) to Buy from Hold, believing low expectations have created a buying opportunity and that fundamentals remain intact.
- JP Morgan upgraded shares of Alaska Air (NYSE: ALK) to Overweight from Netural on valuation.
- Citigroup upgraded Nordstrom (NYSE: JWN) to Buy from Hold on valuation; they consider the recent pullback a buying opportunity.
- Citigroup upgraded Gap (NYSE: GPS) to Buy from Hold from valuation and expects for better execution and cost savings in 2008 under the new CEO.
OTHER UPGRADES:
- Wachovia raised shares of Wendy's (NYSE: WEN) to Market Perform from Underperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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