- U.S. Steel (X) to buy from neutral and Barnes & Noble (BKS) to neutral from sell at Goldman.
- Salesforce.com (CRM) to buy from hold at Jefferies.
- Dollar Tree (DLTR) to overweight from equal weight at Barclays.
- Edison International (EIX) to hold from sell at Citigroup.
- Analog Devices (ADI) to overweight from neutral at JPMorgan.
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Continue reading Analyst Calls: ADI, BKS, CMG, CRM, DANG, DLTR, FDO, LLTC, NFLX, X ...
Market highlights for next week: Jabil, Oracle to report earnings
- Walgreen Company (NYSE: WAG) to report Q2 earnings; conference call at 8:30am.
- Tiffany & Co (NYSE: TIF) to report Q2 earnings; conference call at 8:30am.
- Glu Mobile Inc. (NASDAQ: GLUU) to hold a conference call at 5:00pm to discuss the acquisition of Superscape VR PLC (PINK: SCPDF).
Tuesday, March 25
- Jabil Circuit, Inc. (NYSE: JBL) to report Q2 earnings; conference call at 4:30pm.
- FDA Pediatric Advisory Committee at 8:00am on AstraZeneca PLC (ADR) (NYSE: AZN)'s Toprol XL, Baxter
International, Inc. (NYSE: BAX) Brevibloc and Suprane, Novartis AG (ADR) (NYSE: NVS)'s Lotensin, GlaxoSmithKline plc (ADR) (NYSE: GSK)'s Coreg, Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP)'s Colazal, Sanofi-Aventis SA (ADR) (NYSE: SNY) 's Eloxatin, and Pfizer Inc. (NYSE: PFE)'s Celebrex.
Wednesday, March 26
- Oracle Corporation (NASDAQ: ORCL) to report Q3 earnings; conference call at 5:00pm.
- Response Genetics, Inc. (NASDAQ: RGDX) to give strategic update at 5:00pm.
Thursday, March 27
- TECO Energy, Inc. (NYSE: TE) to give updated 2008 outlook at 8:00am.
- Valeant Pharmaceuticals International (NYSE: VRX) to hold conference call at 12:00pm to review Taribavirin's Phase IIb results and the company's strategy.
Friday, March 28
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Steelcase Inc. (NYSE: SCS) to report Q4 earnings; conference call at 11:00am.
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Fed Reserve Bank St Louis: 8th Annual Conference in Columbia, MO.
Analyst downgrades: GNCMA, GLUU, CLUB, BBBB and LNCE
MOST NOTEWORTHY: General Communications, Glu Mobile, Town Sports, Blackboard and Lance were today's noteworthy downgrades:- Jefferies downgraded shares of General Communications (NASDAQ: GNCMA) to Hold from Buy after the company's mixed quarter to reflect increased uncertainty from the recent weakness in its network access and commercial business.
- Glu Mobile (NASDAQ: GLUU) was downgraded to Hold from Buy at Deutsche Bank and to Neutral from Buy at Goldman Sachs following its Q3 report. Cantor downgraded shares after the company issued reduced growth expectations.
- William Blair downgraded shares of Town Sports (NASDAQ: CLUB) to Market Perform from Outperform to reflect the recent slowdown in new membership additions at mature clubs which they believe creates enhanced risk of operating margin contraction and decelerating EPS growth in 2008.
- Baird downgraded Blackboard (NASDAQ: BBBB) to Neutral from Outperform on valuation and expectations for only modest margin expansion.
- Lance (NASDAQ: LNCE) was downgraded at Oppenheimer to Neutral from Buy, as they expect higher wheat costs to significantly impact Q4 and 2008 EPS.
- Citigroup downgraded Pepsi Bottling Group (NYSE: PBG) to Hold from Buy.
- eBay (NASDAQ: EBAY) was downgraded to Peer Perform from Outperform at Bear Stearns.
- DaVita (NYSE: DVA) was downgraded to Underperform from Market Perform at Piper Jaffray and to Outperform from Strong Buy at Raymond James.
- UBS lowered its rating on YUM! Brands (NYSE: YUM) to Neutral from Buy.
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