horton posts
FeedPosted Jul 11th 2007 11:07AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Johnson and Johnson (JNJ), D.R.Horton (DHI), Fortune Brands (FO), Analyst initiations
MOST NOTEWORTHY: HouseValues, Inc (SOLD), Fortune Brands (FO), D.R. Horton (DHI), Dicks Sporting Goods (DKS) and USG Corp (USG) were some of today's noteworthy initiations:
- Cantor believes HouseValues (NASDAQ: SOLD) may be a lagging indicator of the broader real estate market. As such, it may see its customer and revenue bases contract further in the face of still-sluggish housing data and started shares with a Hold rating.
- Pali Research initiated Fortune Brands (NYSE: FO) with a Neutral rating based on valuation.
- The firm also believes D.R. Horton's (NYSE: DHI) risk to book value and profitability is higher than some of the competition since the company has taken significantly less land charges. Shares were initiated with a Hold rating.
- Dick's Sporting Goods (NYSE: DKS) was initiated with an Outperform at Baird and is positive on Dick's store expansion, market leadership, margin opportunities and fundamentals.
- USG (NYSE: USG) was initiated with a Sell rating at Banc of America, believing wallboard price and profit declines will be worse than expected due to lower housing starts and less spending on remodeling. Their analysis suggests another leg down for housing...
OTHER INITIATIONS:
- Merrill Lynch initiated Bayer AG (NYSE: BAY) with a Buy rating and UBS initiated QLogic (NASDAQ: QLGC) with a Neutral rating.
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 Jan 23rd 2007 11:23AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, D.R.Horton (DHI), Toll Brothers (TOL), Under Armour'A' (UA), , Urban Outfitters (URBN), Vonage Holdings (VG)
MOST NOTEWORTHY: Under Armor Inc (NYSE:
UA) and Cardinal Health Inc (NYSE:
CAH) are today's most notable upgrades:
- Credit Suisse upgraded Under Armor Inc (NYSE: UA) to Outperform from Neutral with a $65 target and believes that the company is emerging as one of the premier global athletic brands.
- JMP Securities upgraded shares of Cardinal Health Inc (NYSE: CAH) to Outperform from Market Perform to reflect their expectation for accelerated earnings growth over the next three years.
OTHER UPGRADES:
- Friedman, Billings upgraded shares of Urban Outfitters Inc (NASDAQ: URBN) to Outperform from Market Perform to reflect positive momentum in URBN's core division, inventory control and easy upcoming comps.
- Stanford upgraded shares of Vonage Holdings (NYSE: VG) to Hold from Sell on valuation.
- Goldman Sachs upgraded the US Homebuilding Sector to Neutral from Sell saying the worst may be behind the group, but fundamentals remain troubling. The analyst said the next meaningful data will be from the Spring selling season, 6-8 weeks away.
- Goldman upgraded D.R. Horton Inc (NYSE: DHI), MDC Holdings Inc (NYSE: MDC) & Toll Brothers Inc (NYSE: TOL) to Buy from Neutral due to lower-risk at this point in the cycle. The Ryland Group Inc (NYSE: RYL) was upgraded to Neutral from Sell.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
MOST NOTEWORTHY: Sonic Automotive (SAH), Hawaiian Electric (HE), AstraZeneca (AZN), AMB Property (AMB) and ProLogis (PLD) were today's noteworthy downgrades: 
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
