healthway posts
FeedPosted May 18th 2007 11:19AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst initiations
MOST NOTEWORTHY: Select railroads were popular initiations today:
- Morgan Keegan started shares of Burlington Northern Santa Fe Corp (NYSE: BNI) with an Outperform rating and believes the stock should trade at a premium to Class 1 railroad peers, as the company consistently ranks above its peers in terms of operating ratio and return on invested capital.
- Morgan Keegan believes Kansas City Southern (NYSE: KSU) de Mexico provides KSU a tremendous growth opportunity, starting shares with an Outperform rating.
- Morgan Keegan also believes Norfolk Southern Corp (NYSE: NSC) is undervalued, despite having some of the best operating metrics in the industry, initiating shares with an Outperform rating.
- Union Pacific Corp (NYSE: UNP) was started with an Outperform rating as Morgan Keegan believes earnings estimates and management guidance may be conservative.
- Finally, CSX Corp (NYSE: CSX) was initiated with a Market Perform rating at Morgan Keegan as the firm believes there is more risk to the current share price than the potential upside...
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Apr 17th 2007 11:12AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Best Buy (BBY), , D.R.Horton (DHI), Analyst initiations
MOST NOTEWORTHY: Small-cap banks, Garmin Ltd (GRMN), Force Protection, Inc (FRPT), D.R. Horton, Inc (DHI) and Ryland Group, Inc (RYL) were today's noteworthy initiations:
OTHER INITIATIONS:
- Clearwire Corp (NASDAQ: CLWR) was the most favored initiation today, with coverage started in at least nine firms: Merril, ThinkEquity, Jefferies and Stifel all started Clearwire with a Buy rating, Morgan Stanley and JP Morgan started it with an Overweight rating, Raymond James and Wachovia started it with an Outperform rating and Bear Stearns started shares of Clearwire with a Peer Perform rating.
- Credit Suisse started Healthways, Inc (NASDAQ: HWAY) with an Outperform rating and $60 target.
- Wachovia started DCT Industrial Trust Inc (NYSE: DCT) with a Market Perform rating.
- Caris initiated Circuit City Stores, Inc (NYSE: CC) with an Average rating, as the firm believes Circuit City is still playing catch-up in the customer centered approach and services venues, and notes shares trade at premium earnings ratios to Best Buy Co, Inc (NYSE: BBY).
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Apr 12th 2007 11:11AM by Kevin Shult (RSS feed)
Filed under: Analyst upgrades and downgrades, Good news, PepsiCo (PEP), Kraft Foods'A' (KFT)
MOST NOTEWORTHY: Kraft Foods, Inc (KFT), Healthways, Inc (HWAY), PepsiCo (PEP) and Lam Research Corp (LRCX) were some of today's more noteworthy upgrades:
- Morgan Stanley upgraded shares of Kraft Foods Inc (NYSE: KFT) to Equal Weight from Underweight on valuation. UBS upgraded shares to Buy from Neutral on expectations the company may benefit from a purchase of Cadbury Schweppes' (CSG) confectionary unit; UBS believes Kraft could purchase Cadbury's confectionery unit for $20.8B and still see 7% accretion in 2008.
- Elsewhere, Goldman Sachs upgraded Healthways Inc (NASDAQ: HWAY) to Neutral from Sell on valuation.
- Bernstein raised PepsiCo's (NYSE: PEP) rating to Outperform from Market Perform with a $77 target, expecting the soft-drink maker to outperform rival Coca-Cola (KO) by more than 10% over the next year.
- Citigroup upgraded Lam Research Corp (NASDAQ: LRCX) to Hold from Sell to reflect a more bullish 2-3 year memory capex view and the firm believes customers of Samsung/Hynix continue to have an upward bias.
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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