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MOST NOTEWORTHY: Sanofi-Aventis (SNY), Dell (DELL), Warner Music Group (WMG), KeyCorp (KEY) and SanDisk Corp (SNDK) were today's noteworthy upgrades:
  • HSBC upgraded shares of Sanofi-Aventis (NYSE: SNY) to Overweight from Neutral to reflect the company's new drug pipeline investments.
  • ThinkEquity raised Dell (NASDAQ: DELL) to buy from Sell based on expectations for a better-than-expected July quarter due to strong consumer business demand.
  • Pali Research upgraded Warner Music Group (NYSE: WMG) to Neutral from Sell on valuation with the stock down 40% year-to-date.
  • Merrill upgraded KeyCorp (NYSE: KEY) to Neutral from Sell following better-than-expected Q2 results.
  • JP Morgan upgraded SanDisk (NASDAQ: SNDK) to Overweight from Neutral citing increased demand for NAND applications and supply constraints...
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 7-18-07: DELL, SNDK, SNY and WMG originally appeared on BloggingStocks on Wed, 18 Jul 2007 11:02:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acuityanalystayibostonbxpcampbellcpbdelldiskkeykeycorpratingregionsrfsandisksanofisnytheflyonthewall.comupgradewarnerwmgWed, 18 Jul 2007 11:02:00 EST<![CDATA[Image Entertainment sells to big-time film producer]]>http://www.bloggingstocks.com/2007/04/03/image-entertainment-sells-to-big-time-film-producer/http://www.bloggingstocks.com/2007/04/03/image-entertainment-sells-to-big-time-film-producer/http://www.bloggingstocks.com/2007/04/03/image-entertainment-sells-to-big-time-film-producer/#commentsFiled under:

It's not easy being a micro cap company. But, with lots of capital sloshing around, why not just go private?

That's the thinking at Image Entertainment Inc. (NASDAQ: DISK), a licensee and producer of entertainment programming.

David Bergstein has led a group of investors for the deal (one is D.B. Zwirn & Co., which is a hedge fund). He is a film producer and has actually been buying up film distributors lately. The deal is for $4.40 per DISK share and represents a 35% premium over the past 30-day average price.

Image Entertainment has a film library of more than 3,000 DVD titles, as well as about 200 CD titles. The assets attracted the attention of Lions Gate Entertainment Corp. (NYSE: LGF), which made a $4 buyout offer last year. Lionsgate currently owns 19% of Image Entertainment's stock.

In the third quarter, Image Entertainment posted a loss of $3.5 million or $0.16 per share and revenues plunged 38% to $24.4 million.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Image Entertainment sells to big-time film producer originally appeared on BloggingStocks on Tue, 03 Apr 2007 10:48:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BuyoutdiskImage EntertainmentImageEntertainmentlgfTue, 03 Apr 2007 10:48:00 EST