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Analyst downgrades: GLUU, AIG and FII

Posted Mar 13th 2008 11:37AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Amer Intl Group (AIG)

MOST NOTEWORTHY: Glu Mobile, American International and Federated Investors were today's noteworthy downgrades:

Deutsche Bank downgraded Glu Mobile (NASDAQ: GLUU) shares to Sell from Hold after channel checks indicated that licensing costs are rising sharply for the mobile rights to popular content.
Morgan Stanley cut American International (NYSE: AIG) to Equal Weight from Overweight citing expectations for larger than expected CDS losses vs. management's forecast.
UBS downgraded Federated Investors (NYSE: FII) to Neutral from Buy citing reduced attractiveness for money markets given yield.

OTHER DOWNGRADES:

Virgin Mobile (NYSE: VM) was downgraded to Market Weight from Overweight at Thomas Weisel and to Sell from Neutral at Merrill.
Oppenheimer cut ORBComm (NASDAQ: ORBC) to Perform from Outperform.
PNC Financial (NYSE: PNC) was downgraded to Market Perform from Outperform at Keefe Bruyette.

Analyst upgrades: CPB, LCC, LOW, NTES and RTRSY

Posted Aug 22nd 2007 10:25AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, Campbell Soup (CPB), Lowe's Cos (LOW), US Airways Group (LCC), , Stocks to Buy

MOST NOTEWORTHY: Lowe's (LOW), Cooper Tire & Rubber (CTB), Campbell Soup (CPB), Reuters Group (RTRSY) and Netease.com (NTES) were today's noteworthy upgrades:

JP Morgan upgraded Lowe's (NYSE: LOW) to Overweight from Neutral based on improved risk/return and conservative near-term estimates. UBS upgraded Lowe's to Buy from sell on valuation.

Cooper Tire & Rubber (NYSE: CTB) was upgraded to Buy from Sell, as the firm thinks Copper is benefiting from surging demand for tires in Asia and considers the recent weakness a buying opportunity.

UBS upgraded shares of Campbell Soup (NYSE: CPB) to Buy from Neutral, citing expected growth acceleration, productivity savings, and attractive valuation.

Deutsche Bank is positive on the Thomson (TOC)-Reuters combination and expected synergies, upgrading Reuters Group (NASDAQ: RTRSY) to Buy from Hold.

Netease.com (NASDAQ: NTES) was upgraded to Positive from Neutral at Susquehanna based on valuation and checks that indicate better than expected performance of Westward Journey Online III...

OTHER UPGRADES:

Georgia Gulf (NYSE: GGC) was raised to Neutral from Sell.

US Airways (NYSE: LCC) was upgraded to Buy from Neutral.

Banc of America upgraded Glu Mobile (NASDAQ: GLUU) to Buy from Neutral.

Think Equity upgraded Jazz Technologies (AMEX: JAZ) to Buy from Source of Funds.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 7-06-07: CACH, COOL and ID

Posted Jul 6th 2007 10:15AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Initiations

MOST NOTEWORTHY: Majesco Entertainment (COOL), Glu Mobile (GLUU) and Cache, Inc (CACH) were today's noteworthy initiations:

Nollenberger believes Majesco Entertainment (NASDAQ: COOL) is an attractive turnaround story on track to start delivering accelerating revenue growth with expanding margins and started shares with a Buy rating and $3.00 target.

Nollenberger started Glu Mobile (NASDAQ: GLUU) with a Neutral rating, citing concerns about competitive pressures, summer seasonality, IPO lockup expiration and valuation.

JP Morgan's believes Cache Inc's (NASDAQ: CACH) initiatives, including loyalty and credit card programs, show the potential for longer term growth, but the uncertainty in the women's apparel space makes the company cautious, and started shares off with a Neutral rating...

OTHER INITIATIONS:

Bear Stearns started Haynes International (NASDAQ: HAYN) with an Outperform rating and L-1 Identity Solutions (NYSE: ID) with a Peer Perform rating.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 6-12-07: ADM, GNBT, MAR and PAY

Posted Jun 12th 2007 11:21AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Archer-Daniels-Midland (ADM), Marriott Intl'A' (MAR), Analyst Initiations, VeriFone Holdings (PAY)

MOST NOTEWORTHY: Marriott International (MAR), VeriFone Holdings, Inc (PAY), Generex Biotechnology Corp (GNBT), Quality Systems, Inc (QSII) and Owens Corning (OC) were today's noteworthy initiations:

Friedman Billings views Marriott International's (NYSE: MAR) relatively low-risk, capital efficient fee income model as an attractive investment opportunity and started shares with an Outperform rating.

Wedbush believes VeriFone Holdings (NYSE: PAY) is on the highest quality names in the space given the company's superior growth, high margins and consistent execution and started shares with a Strong Buy rating.

Rodman believes Generex Biotech's (NASDAQ: GNBT) oral insulin, Oral-lyn could be a significant player in the non-injectable insulin market and initiated shares with an Outperform rating.