dwt posts
FeedPosted Oct 21st 2008 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Whole Foods Market (WFMI), Kroger Co (KR), Coca-Cola Enterprises (CCE), Texas Instruments (TXN), Analyst initiations, Time Warner Cable (TWC)
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Analyst upgrades:
- JP Morgan lowered its 2009 North American light vehicle production estimate by 13% to 11.2M and Europe by 10% to 19M. The firm upgraded Borg-Warner (NYSE: BWA) to Overweight from Neutral citing balance sheet and revenue growth.
- Jefferies upgraded shares of Kroger (NYSE: KR) to Buy from Hold and raised its target to $32 from $28 as they expect the company's value image to benefit in the current environment.
- Leerink upgraded AMAG Pharma (NASDAQ: AMAG) to Outperform from Market Perform on valuation as they believe current data is sufficient for some form of first cycle approval of Ferumoxytol.
- Coca-Cola Enterprises (NYSE: CCE) was upgraded to Neutral from Underperform at Merrill Lynch.
- Watsco (NYSE: WSO) was raised to Perform from Underperform at Oppenheimer.
- UBS upgraded Invitrogen (NASDAQ: IVGN) to Buy from Neutral.
Analyst downgrades:
- Jefferies downgraded shares of Whole Foods (NASDAQ: WFMI) to Underperform from Buy and lowered its target to $9.50 from $23 on the worsening macro environment, which they believe is "overwhelming" the company's ability to drive even flat comps in Q4 and FY09.
- Deutsche Bank cut Texas Instruments (NYSE: TXN) to Hold from Buy and lowered its target to $19 from $28 following the company's worse-than-expected outlook, as they expect shares to be range bound.
- Banc of America downgraded the Dry Bulk Shipping sector to Equal Weight from Overweight to reflect the "depressed" charter rate environment, tighter credit markets and the weakening macroeconomic outlook. The firm downgraded Britannia Bulk (NYSE: DWT), Navios Maritime (NYSE: NM) and TBS International (NASDAQ: TBSI) to Neutral from Buy.
- Eaton (NYSE: ETN) was lowered to Underperform from Neutral at Merrill Lynch.
- AXA (NYSE: AXA) was downgraded at JP Morgan to Neutral from Overweight.
- Aracrus (NYSE: ARA) was downgraded to Underweight from Equal Weight at Morgan Stanley.
Continue reading Analyst upgrades, downgrades and initiations: KR, CCE, WFMI, TWC, ANN ...
Posted Jul 28th 2008 11:11AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Best Buy (BBY), Kimberly-Clark (KMB), Amgen Inc (AMGN), Analyst initiations
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Analyst upgrades
- Rodman & Renshaw upgraded shares of Amgen (NASDAQ: AMGN) to Outperform from Market Perform following the positive top line results from the FREEDOM study. The firm established an $80 target. Jefferies upgraded shares to Buy from Hold following the positive top-line efficacy and safety results for Denosumab in PMO as they view it as a "big win." The firm raised their target to $71 from $47.
- Best Buy (NYSE: BBY) was upgraded to Buy from Neutral at Banc of America.
- Goldman upgraded Kimberly Clark (NYSE: KMB) to Neutral from Sell and Dick's Sporting Good (NYSE: DKS) to Buy from Neutral.
- Rowan Companies (NYSE: RDC) was lifted at JP Morgan to Neutral from Underweight.
Analyst downgrades:
- Jesup & Lamont downgraded shares of Moog (NYSE: MOG.A) to Neutral from Buy on concerns of the company's high rate of R&D and its relative valuation. Keefe Bruyette downgraded shares of Federated Investors to Market Perform from Outperform following the company's lower than expected Q2 results and cut their target to $35.
- Ryanair (NASDAQ: RYAAY) was cut to Hold from Buy at Citigroup.
Analyst initiations:
- Morgan Joseph believes Amgen (NASDAQ: AMGN)'s positive FREEDOM trial results will have a profound and lasting impact on the company's growth but also on its scientific credibility. The firm initiated coverage with a Buy rating and $77 target.
- Piper assumed Ctrip.com (NASDAQ: CTRP) with a Neutral rating and Epicor Software (NASDAQ: EPIC) with a Buy rating and $8 target.
- Banc of America initiated Britannia Bulk (NYSE: DWT) with a Buy rating and $19 target.
Before the bell: Stocks ready to climb on hopes of continued low rates
Why do we have a weak dollar?
Holiday hiring slow for retailers
