cmp posts
FeedPosted Apr 2nd 2009 12:50PM by Brent Archer (RSS feed)
Filed under: Major movement, Deals, Good news, Dow Chemical (DOW), Options, Technical Analysis
Dow Chemical (NYSE:
DOW -
option chain) shares are headed higher today after the company closed its acquisition of Rohm & Haas. This allows DOW to announce today it
plans to sell Morton Salt to German company K+S Aktiengesellschaft for nearly $1.7 billion. This will help DOW stabilize its finances, which were left in a lurch when Kuwaiti financing on the Rohm & Haas deal fell through. Left out in the cold in this deal is
Compass Minerals International (NYSE:
CMP), a salt company that had been expected to get a bid from K+S. If you think that DOW won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on that stock.
DOW opened this morning at $9.46. So far today the stock has hit a low of $9.25 and a high of $9.75. As of 12:05, DOW is trading at $9.69, up 88 cents (10.0%). The chart for DOW looks neutral and
S&P gives DOW a 3 STARS (out of 5) hold ranking.
Continue reading Dow Chemical (DOW) to sell Morton Salt for $1.675 billion
Posted Mar 16th 2009 12:05PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Exxon Mobil (XOM), JPMorgan Chase (JPM), Sprint Nextel Corp (S), Whole Foods Market (WFMI), Coca-Cola Enterprises (CCE), Newell Rubbermaid (NWL), Analyst initiations, SanDisk Corp (SNDK)
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Analyst upgrades:
- KeyBanc upgraded Greenbrier (NYSE: GBX) to Buy from Hold as it believes the company has options to forestall covenant violations or bankruptcy, event if conditions deteriorate further.
- Friedman Billings upgraded Whole Foods (NASDAQ: WFMI) to Market Perform from Underperform citing low expectations, favorable FTC settlement, progress on cost cutting, and valuation.
- JP Morgan believes First Merit (NASDAQ: FMER) is one of the best positioned Midwest banks to weather the storm and notes its compelling valuation and capital levels. The firm upgraded shares to Overweight from Neutral.
- Coca-Cola Enterprises (NYSE: CCE) was raised to Buy from Neutral at Goldman.
- Newell Rubbermaid (NYSE: NWL) was upgraded to Buy from Neutral at Banc of America/Merrill.
- Compass Minerals (NYSE: CMP) was lifted to Outperform from Perform at Oppenheimer.
Continue reading Analyst upgrades, downgrades and initiations: WFMI, CCE, S, XOM, JPM ...
Posted Feb 10th 2009 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Boeing Co (BA), Tiffany and Co (TIF), Analyst initiations
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Analyst upgrades:
- Baird upgraded Western Digital (NYSE: WDC) and Seagate (NASDAQ: NSTX) to Outperform from Neutral citing better than expected industry conditions. The firm believes supply has tightened, resulting in price increases in certain market segments.
- RBC Capital upgraded XTO Energy (NYSE: XTO) to Outperform from Sector Perform citing free cash flow and stable growth.
- Goldman upgraded Manpower (NYSE: MAN) to Neutral from Sell and raised its target to $29 from $20 based on balanced risk/reward.
- Energy Conversion (NASDAQ: ENER) was upgraded to Buy from Neutral at Piper Jaffray.
- Infineon (NYSE: IFX) was raised to Hold from Sell at RBS.
- NetSuite (NYSE: N) was upgraded to Acummulate from Source of Funds at ThinkEquity.
Continue reading Analyst upgrades, downgrades and initiations: WDC, NSTX, UBS, TIF, BA ...
Posted Mar 6th 2007 10:47AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news
MOST NOTEWORTHY: Some of today's notable downgrades were National City Corp (NCC), Aeroflex Inc (ARXX) and Compass Minerals International (CMP):
- Morgan Stanley cut National City Corp (NYSE: NCC) to Underweight from Equal-Weight with and $35 target to reflect increased losses on the company's remaining subprime loans and slower growth in the Midwest.
- AG Edwards downgraded Aeroflex Inc (NASDAQ: ARXX) to Sell from Buy to reflect the company's acquisition agreement.
- Matrix USA cut Compass Minerals Int'l (NYSE: CMP) to Strong Sell from Buy to reflect weak demand for deicing products.
OTHER DOWNGRADES:
- CIBC downgraded Pathmark Stores Inc (NASDAQ: PTMK) to Sector Perform from Outperformer based on the Great Atlantic & Pacific Tea Co (NYSE: GAP) acquisition.
- UBS cut Apria Healthcare Group Inc (NYSE: AHG) to Reduce from Neutral on valuation.
- Goldman Sachs downgraded Progressive Gaming International Corp (NASDAQ: PGIC) and Strategic Hotels & Resorts Inc (NYSE: BEE) to Sell from Neutral.
- Brean Murray cut Youbet.com (NASDAQ: UBET) to Hold from Buy based on increased competition concerns.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Analyst upgrades:
Google's plan for netbook PCs moves higher into the clouds
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
