cvti posts
FeedPosted Jan 29th 2007 11:05AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Netflix, Inc. (NFLX), Blockbuster Inc 'A' (BBI), Symantec Corp (SYMC)
MOST NOTEWORTHY: Netflix Inc (NFLX) was the most notable downgrade on the first trading session of the week.
- Roth Capital downgraded Netflix Inc (NASDAQ: NFLX) to Sell from Hold, on the belief that the competitive threat of Blockbuster (NYSE: BBI) will not likely diminish in the near-term.
OTHER DOWNGRADES:
- Deutsche Telekom ADS (NYSE: DT) was downgraded to Sell from Hold at Citigroup following the company's profit warning.
- LECG Corp (NASDAQ: XPRT) was downgraded by William Blair to Underperform from Outperform following the company's disappointing guidance.
- Symantec Corp (NASDAQ: SYMC) was downgraded to Source of Funds from Accumulate at ThinkEquity.
- Stephens downgraded Covenant Transport Inc (NASDAQ: CVTI) to Equal Weight from Overweight based on the timing of a turnaround.
- Bear Stearns downgraded shares of MGM Mirage (NYSE: MGM) to Peer Perform from Outperform citing valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jan 4th 2007 11:20AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, PepsiCo (PEP), Amgen Inc (AMGN), Electronic Arts (ERTS),
MOST NOTEWORTHY: The trucking sector, PepsiCo (PEP) and Electronic Arts (ERTS) were the most notable upgrades today.
- Wachovia upgraded the trucking sector to Market Weight from Underweight, as they believe the negative sentiment towards the group is starting to bottom, also noting that trucking stocks tend to rally before fundamentals fully bottom. Wachovia upgraded Con-Way Inc (NYSE: CNW) and Covenant Transport 'A' NASDAQ: CVTI) to Outperform from Market Perform, and Arkansas Best (NASDAQ: ABFS), Heartland Express Inc (NASDAQ: HTLD), Werner Enterprises (NASDAQ: WERN), US Xpress Enterprises 'A' (NASDAQ: XPRSA) to Market Perform from Underperform.
- JP Morgan added PepsiCo (NYSE: PEP) to their Focus List, as the firm believes the recent pullback due to concerns over commodities costs and margins is overdone.
- Janco upgraded Electronic Arts (NASDAQ: ERTS) to Buy from Hold with a $69 target, citing valuation.
OTHER UPGRADES:
- Amgen Inc (NASDAQ: AMGN) was upgraded to Outperform from Peer Perform with a $77 target at Bear Stearns; the firm views Amgen's risk/reward as favorable as the most reasonable of CERA's launch scenarios, owned by Roche Holdings AG (OTC: RHHBY), are priced into valuation, and sees significant upside if CERA does not launch.
- Caris upgraded LSI Logic (NYSE: LSI) to Buy from Above Average with a $12 target; they believe investors are underestimating the synergies involved with the Agere Systems (NYSE: AGR) deal. The broker sees upside to earnings estimates and raised their target of LSI Logic to $12 from $11.
- Merrill Lynch upgraded shares of ImClone Systems (NASDAQ: IMCL) to Neutral from Sell, and sees a short-term trading opportunity due to the overly negative sentiment into the upcoming sales figures. The broker thinks Imclone could meet its Erbitux sales estimates despite weak prescription data.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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MOST NOTEWORTHY: Kelly Services, Iron Mountain, Covenant Transportation and the biotech sector were today's noteworthy upgrades: 
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