BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Analyst initiations 7-25-07: BIOF, ERTS and TTWO]]>http://www.bloggingstocks.com/2007/07/25/analyst-initiations-7-25-07-biof-erts-and-ttwo/http://www.bloggingstocks.com/2007/07/25/analyst-initiations-7-25-07-biof-erts-and-ttwo/http://www.bloggingstocks.com/2007/07/25/analyst-initiations-7-25-07-biof-erts-and-ttwo/#commentsFiled under: , ,

MOST NOTEWORTHY: VeraSun Energy (VSE), BioFuel Energy (BIOF), Electronic Arts (ERTS) and Take-Two Interactive Software (TTWO) were today's noteworthy initiations:
  • Citigroup initiated shares of VeraSun Energy (NYSE: VSE) and BioFuel Energy with Buy ratings, as the firm believes the ethanol industry is reaching an inflection point as profitability should be much improved in 2008.
  • BioFuel (NASDAQ: BIOF) was also initiated with a Hold rating at AG Edwards on valuation and an Overweight rating at JP Morgan, who believes BioFuel has good growth prospects but trades at a discount relative to peers.
  • Electronic Arts (NASDAQ: ERTS) was initiated with a Neutral rating at Cowen, citing the company's rich valuation and mixed growth outlook.
  • Cowen resumed coverage of Take-Two Interactive Software (NASDAQ: TTWO) with an Outperform rating, as the firm believes TTWO is positioned for a strong 2H07 given the Grand Theft Auto IV and other titles...
OTHER INITIATIONS:
  • Banc of America initiated shares of Charming Shoppes (NASDAQ: CHRS) with a Neutral rating and $11 target.
  • Raymond James initiated shares of Geokinetics (AMEX: GOK) with a Market Perform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 7-25-07: BIOF, ERTS and TTWO originally appeared on BloggingStocks on Wed, 25 Jul 2007 11:33:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>biofbiofuelcdccharmingchelseachinachtpelectronic artsElectronicArtsertsgeokineticsgokkgkingtake-twottwoverasunvseWed, 25 Jul 2007 11:33:00 EST<![CDATA[Target's sales off the mark]]>http://www.bloggingstocks.com/2007/06/26/targets-sales-off-the-mark/http://www.bloggingstocks.com/2007/06/26/targets-sales-off-the-mark/http://www.bloggingstocks.com/2007/06/26/targets-sales-off-the-mark/#commentsFiled under: , , , ,

Target Corporation (NYSE: TGT) yesterday told Wall Street that it expects June sales to come in at the lower end of its previous forecast of 3% to 5% gain.

In April, U.S. retail chains reported the weakest sales results on record, according to Reuters. While rebounding somewhat in May, sales results were weaker than a year ago. This follows Charming Shoppes Inc (NASDAQ: CHRS), Wendy's International Inc (NYSE: WEN), Best Buy Incorporated (NYSE: BBY) and Circuit City Stores Inc (NYSE: CC), all having come up short.

This is not the end of the world, simply the Fed successfully slowing down growth. Investors should view a slowdown in consumer spending as a stepping stone for the Fed to start dropping rates.

Target's sales off the mark originally appeared on BloggingStocks on Tue, 26 Jun 2007 14:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bbybest buyBestBuycccharmingchrscircuit cityCircuitCityfedretailsalesslowdowntargettgtwenwendy'swendysTue, 26 Jun 2007 14:15:00 EST