faro posts
FeedPosted Feb 17th 2009 10:55AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Google (GOOG), Daimler (DAI), Marriott Intl'A' (MAR), Analyst initiations, Lloyds TSB Group plc ADS (LYG), Suntech Power Hldgs ADS (STP), China Mobile Limited (CHL)
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Analyst upgrades:
- Baird upgraded Starwood Hotels (NYSE: HOT), Host Hotels (NYSE: HST) and Marriott (NYSE: MAR) to Outperform from Neutral based on valuation and indications that negative sentiment has reached a bottom.
- Citigroup upgraded Torchmark (NYSE: TMK) to Buy from Hold as they find the valuation attractive and think management can grow earnings and book value in 2009/2010. Despite upgrading, the firm lowered their target price to $37 from $45.
- ASM International (NASDAQ: ASMI) was added to Goldman's Conviction Buy List.
- Credit Suisse (NYSE: CS) was raised to Overweight from Equal Weight at Morgan Stanley.
- Live Nation (NYSE: LYV) was upgraded at Natixis to Buy from Hold.
Continue reading Analyst upgrades, downgrades and initiations: HOT, GOOG, WPI, LYG ...
Posted Aug 18th 2008 11:41AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Hershey Co (HSY), Analyst initiations
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Analyst upgrades:
- Stanford raised Fluor (NYSE: FLR) to Hold from Sell primarily due to valuation.
- Citigroup upgraded Cadence Designs (NASDAQ: CDNS) to Buy from Hold because they think the company's cost restructuring initiative and its new CFO will be catalysts for the shares.
Analyst downgrades:
- Stephens dropped Ann Taylor (NYSE: ANN) to Equal Weight from Overweight because they no longer view LOFT as a compelling reason to invest in the company.
- Citigroup downgraded Hershey (NYSE: HSY) to Hold from Buy on valuation.
- KeyBanc dropped Lennox (NYSE: LII) to Hold from Buy on valuation.
Analyst initiations:
- Coverage of Hershey was assumed with a Sell by Stifel, which cited valuation for its rating.
- FARO Technology (NASDAQ: FARO) was initiated by Needham with a Buy rating.
- Leerink Swann resumed coverage of Cardionet (NASDAQ: BEAT) with an Outperform, as the firm predicts that the company's technolgoy will enable it to grow substantially.
Posted May 23rd 2008 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, International Business Machines (IBM), Analyst initiations, Broadcom Corp'A' (BRCM)
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MOST NOTEWORTHY: IBM, Entropic Comm and FARO Tech were today's noteworthy initiations:
- BMO Capital is positive on IBM (NYSE: IBM) given the company's reduced pension and stock buyback, opportunity to increase the mix of software, new mainframe cycle, and the company's diverse revenue stream. Shares were initiated with an Outperform rating and $138 target.
- Merriman views Entropic Comm (NASDAQ: ENTR) as a core holding for investors seeking exposure to the rapidly growing home networking market and finds the current valuation attractive; the firm started shares with a Buy rating.
- Friedman Billings assumed FARO Tech (NASDAQ: FARO) with an Outperform rating and $42 target. The firm expects FARO's secular growth to drive sales as the company's products meet the needs of the largest emerging market for software-based manufacturing measurement systems.
OTHER INITIATIONS:
- Oppenheimer initiated MedAssets (NASDAQ: MDAS) with a Perform rating and $20 target.
- Broadcom (NASDAQ: BRCM) was initiated at Baird with a Neutral rating and $29 target.
- LoopNet (NASDAQ: LOOP) was assumed with an Equal Weight rating and $15 target at Stephens.
Posted Apr 19th 2007 11:23AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Intel (INTC), Advanced Micro Dev (AMD), Penney (J.C.) (JCP), Gilead Sciences (GILD)
MOST NOTEWORTHY: Energizer Holdings, Inc (ENR), Gilead Sciences, Inc (GILD), Intel Corp (INTC) and Advanced Micro Devices (AMD) were some of today's more noteworthy upgrades:
- Prudential upgraded Energizer Holdings Inc (NYSE: ENR) to Neutral from Underweight. The firm said Energizer has been overly focused on the negative potential of cost inflation without fully appreciating the positive mix shift being generated by faster growth of high-margin specialty products and new products that indicate innovation and a competitive edge.
- Gilead Sciences (NASDAQ: GILD) was upgraded to Outperform from Market Perform at Leerink Swann following Gilead's strong quarter.
- FTN Midwest upgraded shares of Advanced Micro Devices Inc (NYSE: AMD) and Intel (NASDAQ: INTC) to Buy from Neutral as the firm believes they are seeing the beginnings of a truce with between the two companies which could lead to higher ASPs.
OTHER UPGRADES:
- CNOOC Ltd (NYSE: CEO) was upgraded to Overweight from Neutral at JP Morgan to reflect the company's prospects for production growth.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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