chz posts
FeedPosted Jun 28th 2007 11:22AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Johnson and Johnson (JNJ), Bed Bath and Beyond (BBBY)
MOST NOTEWORTHY: Chittenden Corp (CHZ), Digital River (DRIV), Image Entertainment (DISK) and Foot Locker (FL) were today's noteworthy downgrades:
- Chittenden Corp (NYSE: CHZ) was downgraded to Sell from Hold at AG Edwards based on the buyout news from People's United Financial (PBCT).
- Digital River (NASDAQ: DRIV) was downgraded to Hold from Buy, and its target was cut to $44, at Jeffries based on the weak Microsoft (MSFT) ramp and weakness in the Symantec (SYMC) transition.
- SMH Capital downgraded shares of Image Entertainment (NASDAQ: DISK) to Sell from Neutral and recommends investors take profits on the upside and sell shares.
- Foot Locker (NYSE: FL) was downgraded to Hold from Buy at Matrix, as the firm believes fundamentals trends are turning negative; the firm sees limited upside from current levels.
OTHER DOWNGRADES:
- Web.com (NASDAQ: WWWW) was downgraded to Hold from Buy at Roth Capital Partners.
- Andrew Corp (NASDAQ: ANDW) was downgraded to Neutral from Buy at Oppenheimer.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jun 28th 2007 10:52AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Good news, Cisco Systems (CSCO), Intel (INTC), Trump Entertainment Resorts (TRMP), Liz Claiborne (LIZ)
MOST NOTEWORTHY: Intel (INTC), Capital One Financial (COF), Nestle (NSRGY), Cisco Systems (CSCO), Liz Claiborne (LIZ) and Trump Entertainment Resorts (TRMP) were today's noteworthy upgrades:
- Lehman upgraded shares of Intel Corp (NASDAQ: INTC) to Overweight from Equal-Weight as they believe Q2 sales will meet the high-end of guidance with Dell (DELL) and Hewlett-Packard (HPQ) restocking in preparation for an improved PC market.
- Friedman Billings upgraded Capital One Financial (NYSE: COF) to Outperform from Market Perform based on expected cost savings on restructuring initiatives.
- Deutsche Bank upgraded shares of Nestle (OTC: NSRGY) to Buy from Hold on valuation as they believe the stock has become the cheapest among the major European food companies.
- Credit Suisse upgraded Liz Claiborne (NYSE: LIZ) to Outperform from Neutral expecting management at its July 11th investor meeting to have a significant announcement regarding strategic alternatives for a large number of its brands.
- Merrill Lynch upgraded Cisco Systems (NASDAQ: CSCO) to Buy from Neutral as they believe Q4 expectations could be exceeded due to strong business demand. The broker finds shares inexpensive and also added CSCO to its U.S. 1 List.
OTHER UPGRADES:
- Chittenden Corp (NYSE: CHZ) was upgraded to Sector Perform from Underperform at RBC Capital.
- Goldman raised Alcon (NYSE: ACL) to Buy from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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