- Citigroup upgraded Vistaprint (VPRT) to buy from hold on valuation following the recent pullback in shares. The firm also raised its price target on the stock to $62 from $55.
- Fox-Pitt upgraded Eaton Vance (EV) to outperform from in line citing strong fundamentals. The firm raised its target to $36 from $34.
- Stifel Nicolaus upgraded Hospitality Properties (HPT) to buy from hold citing valuation and expected cash dividend in 2010. The firm has a $22 target on the stock.
- The Advisory Board (ABCO) was upgraded to overweight from equal weight at First Analysis.
- Technip (TKPPY) was upgraded to outperform from neutral at Credit Suisse.
- Jefferies upgraded Energy XXI (EXXI) to hold from underperform and raised its target to $2 from $1.
ev posts
FeedAnalyst upgrades, downgrades and initiations: VPRT, EV, HPT, NRG, GTE, BNHNA, VAR, ITRI and FARO
The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...
Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.
Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales. This dividend payer has offered upside surprises in the past two quarters, topping estimates by 11 cents per share in the third quarter.
Continue reading The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...
New McDonald's to include recharging stations for electric cars
McDonald's (NYSE: MCD) struck gold when it entered the breakfast market decades ago. Today it's fighting for Starbucks' boutique coffee business. Where will it turn next to expand its business? How about electricity?
According to our sister blog, Engadget, a new North Carolina McDonald's will include electric vehicle (EV) recharging stations, part of the ChargePoint network. While you stuff your face, your car could be stuffing its battery.
Continue reading New McDonald's to include recharging stations for electric cars
Analyst upgrades, downgrades and initiations: AA, NOK, EXPE, MTB, CSC ...
Analyst upgrades:- JP Morgan upgraded Alcoa (NYSE: AA) to Overweight from Neutral and added shares to its Focus List. The analyst said the equity offering and dividend cut provide enough "liquidity insurance" to make it through 2009 and now views risk/reward as attractive.
- Deutsche Bank upgraded Asbury Automotive (NYSE: ABG) to Buy from Hold as it finds the current valuation attractive and thinks the company's cost savings will drive upside in a recovery. The firm raised its target price to $7 from $5.50.
- Barclays upgraded Beckman Coulter (NYSE: BEC) to Overweight from Equal Weight. Following their healthcare conference and management meetings, the firm sees increased visibility into revenues.
- Waddell & Reed (NYSE: WDR) was raised to Buy from Neutral at Goldman.
- Nokia (NYSE: NOK) was upgraded to Outperform from Neutral at Credit Suisse.
- Brocade (NASDAQ: BRCD) was lifted to Outperform from Sector Perform at RBC Capital.
Continue reading Analyst upgrades, downgrades and initiations: AA, NOK, EXPE, MTB, CSC ...
Barron's says growth funds are back
In today's Barron's, investors will find the annual Lipper/Barron's Fund Families Survey. This survey, a pretty comprehensive look at performance of mutual fund families across different asset classes and investment strategies.
This year take-aways:
- Growth worked: Those funds that performed best definitely had a bias towards growth.
- International exposure: Funds that bought stocks with substantial foreign operations fared better.
- Avoiding pitfalls: Underexposure to potential "minefields like major banks, housing companies, and retailers" helped boost performance.
- High grade: Those funds that owned highest-quality bonds performed best.
Waddell & Reed (NYSE: WDR) placed first in 2007 betting on companies participating in "major infrastructure plays throughout the world," like Fluor Corp. (NYSE: FLR) and Deere & Co. (NYSE: DE). Check out the Waddell & Reed Dividend Income Fund (WDVAX).
Analyst downgrades 8-23-07: AMWD, DB, EV and TLB
MOST NOTEWORTHY: Eaton Vance (EV), American Woodmark (AMWD), Deutsche Bank (DB) and Talbots (TLB) were today's notable downgrades: - JP Morgan cut Eaton Vance (NYSE: EV) to Underweight from Neutral on the significant drop in municipal bond performance and valuation.
- Raymond James cut American Woodmark (NASDAQ: AMWD) to Underperform from Market Perform following the weak Q1 report and guidance.
- Deutsche Bank (NYSE: DB) was downgraded to Neutral from Buy at Goldman based on valuation.
- JP Morgan cut Broadridge (NYSE: BR) to Neutral from Overweight.
- Sandler downgraded Flushing Financial (NASDAQ: FFIC) to Sell from Hold and TriCo Bancshares (NASDAQ: TCBK) to Hold from Buy.
- RBC Capital downgraded Tween Brands (NYSE: TWB) to Sector Perform from Outperform.
Analyst downgrades: ATK, EV, FITB and NSM

- Merrill downgraded shares of Eaton Vance (NYSE: EV) to Sell from Neutral on expectations net flows will slow and pressure shares due to bank loan outflows and closed-end fund sales.
- Keybanc downgraded Dover Downs (NYSE: DDE) to Hold from Buy due to expectations of significant movement in the Maryland state legislature regarding the issue of slot machine legalization, which could pressure shares.
- Meruelo Maddux (NASDAQ: MMPI) was cut to Sell from Neutral at UBS based on tightening credit markets.
- Friedman Billings downgraded shares of Fifth Third (NASDAQ: FITB) to Underperform from Market Perform on this morning's acquisition of First Charter Corp...
- Alliant Techsys (NASDAQ: ATK) was cut to Market Weight from Overweight at Thomas Weisel.
- National Semi (NYSE: NSM) was removed from Goldman's Favorites Value List.
- Matrix downgraded Woodward Governor (NASDAQ: WGOV) to Hold from Buy.
Analyst initiations 6-27-07: BEN, BLK, CMCSA, PHM and RYL
MOST NOTEWORTHY: Genesit Energy LP (GEL), EnerNoc (ENOC) and Comcast (CMCSA) were today's noteworthy initiations:
- Genesis Energy (AMEX: GEL) was initiated with a Buy rating and $40 target at Stanford, as the firm believes the company's affiliation with Denbury Resources and pending acquisition of petroleum products, terminals, and transportation businesses from the Davison family will drive rapid growth.
- EnerNoc Inc (NASDAQ: ENOC) was initiated with a Hold rating and $42 target at Jefferies, due to valuation. EnerNoc was also initiated at Morgan Stanley with an Equal Weight rating and $40 target.
- Stifel expects Comcast (OTC: CMCSA) to benefit from higher penetration levels of DVR and HDTV set-top boxes over the next several years and initiated shares with a Buy rating and $34 target.
- Select asset managers were initiated at Credit Suisse:
- AllianceBernstein (NYSE: AB), Affiliated Managers (NYSE: AMG), Fortress Investment (NYSE: FIG), Invesco (NYSE: IVZ), Franklin Resources (NYSE: BEN) and T Rowe Price (NASDAQ: TROW) were initiated with Outperform ratings.
- Blackrock (NYSE: BLK), Calamos Asset Mgmt (NADAQ: CLMS), Eaton Vance Corp (NYSE: EV), Federated Investors (NYSE: FII), Janus Capital (NYSE: JNS), Legg Mason Inc (NYSE: LM) and Waddell & Reed (NYSE: WDR) were initiated with Neutral ratings.
- Deutsche Bank initiated Ryland Group (NYSE: RYL) with a Buy rating and $52 target, as well as Pulte Homes (NYSE: PHM) and Meritage Homes Corp (NYSE: MTH) with Hold ratings and a $23 target and $29 target, respectively.
Top 25 for the NEXT 25 years
Last week USA Today ran an article that caused millions of us to pause and think, "Gee, I wish I would have owned..." or "I knew that company was going to be huge!" The article highlighted the best 25 performing stocks of the past 25 years. From Microsoft Corp. (NASDAQ: MSFT) to Oracle Corp. (NASDAQ: ORCL) to Dell Inc. (NASDAQ: DELL) to Eaton Vance (NYSE: EV) to Franklin Resources, Inc. (NYSE: BEN). Well, you get the idea. As I wrote about recently, any of these stocks bought 25 years ago and you'd be on Easy Street -- wherever that is. $100 invested in all 25 stocks, 25 years ago, would be worth $650,000 today. Imagine what $1,000 invested in each one would be worth today? You'd be measured in GDP terms!
So, now the next natural step is to figure out what are the top 25 stocks for the NEXT 25 years. But before I do this brain-teasing -- or crushing -- exercise, I have to lay out a few assumptions and a few ground rules.
First and foremost, the top 25 for the NEXT 25 years are certainly sub-$1 billion in market capitalization (market capitalization is all shares of a company times the market price). With the assumption of sub-$1 billion market cap, that may already eliminate a lot of our current favorite stocks. I mean, I love Apple and Google, but they have $82 billion and $150 billion market caps respectively. Sure, one could argue that both will be $300-400 billion in market cap at some point, but that's ONLY a 4-5 times increase in our money. Way too paltry for this exercise!
Top 25 stocks of the past 25 years: Some surprises
Most Investors could probably guess one third to one half of the names on the list. From Microsoft Corp. (NASDAQ: MSFT), Dell Inc. (NASDAQ: DELL), Oracle Corp. (NASDAQ: ORCL) and Cisco Systems, Inc. (NASDAQ: CSCO) in the technology world to Berkshire Hathaway (NYSE: BRK.A) and Countrywide Financial Corp. (NYSE: CFC) in the conglomerate/financial world.
The surprises are names that are not exactly household in nature. Robert Half International Inc. (NYSE: RHI) Paychex, Inc. (NASDAQ: PAYX), Precision Castparts Corp. (NYSE: PCP), International Game Technology (NYSE: IGT), and CREDO Petroleum Corp. (NYSE: CRED) are part of the list and the names that inspire the expression "huh?"
Continue reading Top 25 stocks of the past 25 years: Some surprises
Analyst upgrades 3-01-07: Krispy Kreme, Apple and ExxonMobil upgraded today
MOST NOTEWORTHY: Bristol Myers Squibb Co (BMY), Krispy Kreme Doughnuts Inc (KKD), Martha Stewart Living Omnimedia Inc (MSO) and New Century Financial Corp (NEW) were some of today's more notable upgrades: - UBS upgraded shares of Bristol Myers Squibb Co (NYSE: BMY) to Buy from Neutral. The firm finds the recent pullback an attractive buying opportunity given the possibility of a takeover approach. The broker also believes BMY will likely win its Plavix patent case.
- CIBC resumed coverage of Krispy Kreme Doughnuts Inc (NYSE: KKD) with a Sector Performer rating, up from its recent Underperformer rating, citing resolutions to numerous accounting and legal issues for the upgrade.
- Morgan Stanley upgraded Martha Stewart Living Omnimedia Inc (NYSE: MSO) to Equal Weight from Underweight.
- Bear Stearns upgraded New Century Financial Corp (NYSE: NEW) to Peer Perform from Underperform saying downside risk is limited to $10-$11, but sees upside if business stabilizes and liquidity improves...
- JP Morgan raised Eaton Vance Corp (NYSE: EV) to Neutral from Underweight to reflect the company's strong fund sales and continued capital returns to shareholders.
- AG Edwards replaced Exxon Mobil Corp (NYSE: XOM) on its Focus Portfolio, adding Chevron Corp (CVX) to reflect the company's improved financial strength and attractive valuation.
- Lehman Brothers upgraded Apple Inc (NASDAQ: AAPL) to Overweight from Equal-Weight with a $105 target based on the recent pullback in shares.
- Friedman Billings raised Hess Corp's (NYSE: HES) rating to Outperform from Market Perform, based on growth reserves and an improving outlook.
- Merrill Lynch upgraded Logitech International SA (NASDAQ: LOGI) to Buy from Neutral.
- Matrix upgraded Abbott Laboratories (NYSE: ABT) to Buy from Hold on valuation.

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