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Analyst downgrades: CMCSA, ING, AZ and FNM

MOST NOTEWORTHY: Comcast, ING Group, Allianz AG and Fannie Mae were today's noteworthy downgrades:
  • Goldman downgraded Comcast Corp. (NASDAQ: CMCSA) to Neutral from Buy following the company's reduced 2007 guidance.
  • Merrill downgraded shares of ING Group (NYSE: ING) and Allianz AG (NYSE: AZ) to Neutral from Buy to reflect their more cautious view on the sector due to subprime mortgages spreads.
  • Piper lowered its rating on Fannie Mae (NYSE: FNM) to Neutral from Buy due to the lack of visibility regarding when credit losses will peak. Credit Suisse downgraded shares to Underperform from Neutral.
OTHER DOWNGRADES:

Analyst initiations 8-23-07: AIZ, CRDN, DAVE and MRT

MOST NOTEWORTHY: Assurant (AIZ), Famous Dave's (DAVE), Trinity Industries (TRN), Spartan Stores (SPTN) and SiRF Technology (SIRF) were today's notable initiations:
  • Wachovia believes Assurant (NYSE: AIZ) is a unique opportunity to profit from mortgage market turmoil through its force-placed homeowners business, initiating shares with an Outperform rating.
  • Nollenberger initiated Famous Dave's (NASDAQ: DAVE) with a Buy rating and expects to see accelerated earnings growth over the next few years driven by: continued rollout of it's new "Smokehouse" unit format, growth of the off-premise catering and to-go business, and ramp in new development.
  • Keybanc is positive on Trinity Industries' (NYSE: TRN) diversified product portfolio, market-leading positions, and long-term end market fundamentals, starting shares with an Aggressive Buy rating.
  • Banc of America initiated Spartan Stores (NASDAQ: SPTN) with a Buy and believes the company should benefit from the roll-up of independent retail assets and the move toward a customer-centric operating model.
  • Banc of America believes rising competitive pressures in PNDs will lead to significant market share erosion in 2008 and started SiRF Technology (NASDAQ: SIRF) with a Neutral rating...
OTHER INTIATIONS:
  • Ceradyne (NASDAQ: CRDN) was initiated with a Hold rating at Morgan Joseph.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 5-31-07: Best Buy, Circuit City initiated

MOST NOTEWORTHY: Roo Group (RGRP) Best Buy (BBY), Circuit City Stores (CC) and several healthcare companies were today's noteworthy initiations:
OTHER UPGRADES:
  • Famous Dave's of America (NASDAQ: DAVE) was initiated with a Buy rating at Feltl & Co.
  • Needham initiated shares of RadiSys Corp. (NASDAQ: RSYS) with a Buy rating and $17 target, as it expects the company to benefit from the development of standards-based embedded solutions.
  • Atmel Corp. (NASDAQ: ATML) was initiated with a Buy rating and $7.50 target at American Technology.
  • Genomic Health (NASDAQ: GHDX) was initiated with an Outperform rating at Leerink Swann.
  • Delta Air Lines (NYSE: DAL) was initiated with a Buy rating and $24 target at Soleil.
  • Banc of America initiated shares of Hertz Global Holdings (NYSE: HTZ) with a Buy rating and $27 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 03:40 AM

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