- Oracle (ORCL) to outperform from perform at Oppenheimer.
- Accenture (ACN) to buy from hold at Jefferies.
- Advanced Energy (AEIS) and Applied Materials (AMAT) to overweight from equal weight at Barclays.
- Spreadtrum (SPRD) to buy from hold at Auriga.
- Healthcare Realty Trust (HR) and Tortoise Energy Capital (TYY) to outperform from neutral at RW Baird.
- Global Payments (GPN) to equal weight from underweight at Morgan Stanley.
- CBS (CBS) to buy from neutral at BofA/Merrill.
- Sonic (SONC) to outperform from neutral at Cowen.
hr posts
FeedAnalyst Calls: ACN, AMAT, AZN, BBT, CBS, GPN, IP, ORCL, PKG, SONC, V ...
Continue reading Analyst Calls: ACN, AMAT, AZN, BBT, CBS, GPN, IP, ORCL, PKG, SONC, V ...
Analyst Calls: ABFS, APA, CSTR, ESL, MGM, POT, SAI, TIVO, UL, ZION ...
- Soleil upgraded Potash (POT) to hold from sell due to valuation. The firm maintains a $100 price target for shares.
- FBR Capital upgraded Arkansas Best (ABFS) to market perform from underperform after the company reached a tentative agreement with the Teamsters to amend its existing contract to include a 15% wage concession. The firm has a $34 price target for shares.
- Keefe Bruyette upgraded Zions Bancorp (ZION) to market perform from underperform following the company's Q1 results and raised its target for shares to $25 from $17.
- Apache (APA) was upgraded to outperform from neutral at Macquarie.
- MGM Mirage (MGM) wasupgraded to conviction buy from buy at Goldman.
- Monster Worldwide (MWW) was upgraded to outperform from neutral at Credit Suisse.
Continue reading Analyst Calls: ABFS, APA, CSTR, ESL, MGM, POT, SAI, TIVO, UL, ZION ...
Analyst upgrades, downgrades and initiations: AAPL, BXP, MOT, NOK, S, RBS, TWC ...
- FBR Capital upgraded Boston Properties (BXP) and BioMed Realty Trust (BMR) to outperform from market perform after introducing 2011-2012 estimates for the sector. The firm raised its target on Boston Properties to $74.50 from $70 and on BioMed Realty to $17 from $15.50.
- Citigroup upgraded Sysco (SYY) to buy from hold after its channel checks indicated the company's trends are gradually improving. The firm raised its target on shares to $34 from $28.
- Stephens upgraded Smithfield Foods (SFD) to overweight from equal weight on expectations the company's hog production profitability will improve. The firm raised its target price on shares to $20 from $16.
- Nokia (NOK) was upgraded to market perform from underperform at BMO Capital.
- Suntech (STP) was upgraded to market weight from underweight at Thomas Weisel.
- Forest Oil (FST) was upgraded to equal weight from underweight at Morgan Stanley.
Continue reading Analyst upgrades, downgrades and initiations: AAPL, BXP, MOT, NOK, S, RBS, TWC ...
Entrepreneur's Journal: Making sure the holiday party doesn't become a legal nightmare
As the recession lingers, employees are getting more litigious. According to a report from BNA, the Equal Employment Opportunity Commission (EEOC) received 93,277 private sector discrimination charges this year. It's the second highest in 20 years and the agency is thinking about increasing its staff to deal with the surge.
In light of all this, business owners definitely need to be vigilant. In fact, one of the biggest risks for employment problems comes during the holidays, especially with the end-of-the-year party.
So, to get some insight, I talked to Heather Gatley, who is the executive VP of human resources and the general counsel at AlphaStaff.
Analyst upgrades, downgrades and initiations: DOLE, DWA, ESRX, FOSL, GIL, HR, STZ ...
- Janney Montgomery upgraded Dreamworks (DWA) to buy from neutral on valuation and believes Dragon will be a major hit. The firm has a $45 target on the stock.
- Thomas Weisel upgraded Gildan Activewear (GIL) to market weight from underweight, citing expectations for increased market shares in the U.S. screen print channel. The firm raised its target to $17 from $12.
- P.F. Chang's (PFCB) was upgraded to overweight from equal weight at Morgan Stanley.
- PEPCO Holdings (POM) was upgraded to outperform from neutral at Credit Suisse.
- Arris (ARRS) was upgraded to buy from neutral at UBS.
Analyst upgrades, downgrades and initiations: ALL, CMG, GRMN, IP, VRSN ...
- Goldman said International Paper (NYSE: IP) is its top pick in the group citing leverage to early cycle containerboard. The firm upgraded shares to Conviction Buy from Buy and has a $26 target on the stock.
- Morgan Keegan upgraded Healthcare Realty Trust (NYSE: HR) to Outperform from Market Perform citing valuation and better-than-expected Q2 results.
- William Blair upgraded Harbin Electric (NASDAQ: HRBN) to Outperform from Market Perform as it believes the Chinese economy is likely to accelerate and the company's balance sheet is strengthened following the retirement of debt.
- Allstate (NYSE: ALL) was upgraded to Buy from Neutral at BofA/Merrill.
- VeriSign (NASDAQ: VRSN) was upgraded to Outperform from Neutral at Credit Suisse.
- Commercial Vehicle Group (NASDAQ: CVGI) was upgraded to Overweight from Underweight at JPMorgan.
Continue reading Analyst upgrades, downgrades and initiations: ALL, CMG, GRMN, IP, VRSN ...
Analyst upgrades, downgrades and initiations: T, FSLR, CEPH, CB ...
Analyst upgrades:- Banc of America/Merrill upgraded DPL Inc (NYSE: DPL) to Neutral from Underperform following the settlement agreement with staff of the Public Utilities Commission of Ohio on Electric Security Plan.
- Friedman Billings upgraded SeaBright Insurance (NYSE: SBX) to Outperform from Market Perform on valuation as they believe shares are oversold at current levels. Despite upgrading, the firm lowered its target price to $14 from $16.
- JP Morgan upgraded AT&T (T) to Overweight from Neutral as it believes upside earnings revisions are likely in 2009 due to the company's conservative wireline margin outlook. The firm finds the stock's valuation attractive at current levels and raised their target on shares to $28 from $24.
- Chubb (NYSE: CB) was upgraded to buy from Neutral at UBS.
- Cascal B.V. (NYSE: HOO) was raised to Outperform from Neutral at Credit Suisse.
- Healthcare Realty Trust (NYSE: HR) was upgraded at Keefe Bruyette to Outperform from Market Perform.
Continue reading Analyst upgrades, downgrades and initiations: T, FSLR, CEPH, CB ...
Earnings highlights: Best Buy, FedEx, Goldman Sachs, Nike, RIM, Oracle and others
Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Adobe Systems Inc. (NASDAQ: ADBE) posted strong Q4 and full-year results, but with flat Q4 revenues.
- Best Buy Inc. (NYSE: BBY) beat Q3 expectations though earnings tumbled, and shares rose about 18%.
- Carnival Corp. (NYSE: CCL) announced that it had lowered its full-year earnings and revenue guidance.
- Discover Financial Services (NYSE: DFS) net income from continuing operations more than doubled in Q4.
- Eaton Corp. (NYSE: ETN) cut its Q4 earnings guidance on weakness in the American auto market.
- FedEx Corp. (NYSE: FDX) Q2 earnings topped expectations and it reaffirmed its guidance.
- General Electric Co. (NYSE: GE) declined to provide quarterly earnings guidance in its annual outlook.
- General Mills (NYSE: GIS) posted a higher-than-expected profit on cost cutting and increased marketing.
- Gilead Sciences Inc. (NASDAQ: GILD) strong earnings growth are expected by one analyst to continue.
- Goldman Sachs Group (NYSE: GS) swung to an anticipated Q4 loss and reported negative revenues.
- Healthcare Realty Trust Inc. (NYSE: HR) was downgraded due to its near-term earnings prospects.
- Honeywell International Inc. (NYSE: HON) affirmed a lower 2009 outlook and said it expects profits to fall.
Continue reading Earnings highlights: Best Buy, FedEx, Goldman Sachs, Nike, RIM, Oracle and others
Analyst upgrades, downgrades and initiations: ALKS, CS, EBAY, AMZN, EXPE, FDX ...
Analyst upgrades:
- Jefferies upgraded shares of Alkermes (NASDAQ: ALKS) to Overweight from Neutral on valuation, as they believe the current share price undervalues Risperdal Consta and provides little to no value for other pipeline drugs.
- JP Morgan upgraded ASML Holding (NASDAQ: ASML) to Buy from Hold following the company's Q1 results, as they believe further estimate reductions are unlikely.
- UBS expects ITT Educational (NYSE: ESI) to benefit from strong enrollment growth and they see less private student lending risk. Shares were upgraded to Buy from Neutral.
- BMC Software (NYSE: BMC) was upgraded to Buy from Neutral at Goldman and added to the firm's Conviction Buy List.
- Credit Suisse (NYSE: CS) was upgraded to Buy from Neutral at Merrill Lynch.
- Covance (NYSE: CVD) was raised to Overweight from Equal Weight at First Analysis.
- UBS downgraded Anglo American (NASDAQ: AAUK) to Neutral from Buy and added shares to its Short-term Sell list citing the significant reduction in 2009 coal prices and estimates.
- Friedman Billings cut Century Aluminum (NASDAQ: CENX) to Market Perform from Outperform and lowered its target to $8 from $18 shares to reflect a lowered aluminum price forecast and financing concerns.
- Bernstein downgraded eBay (NASDAQ: EBAY) and Amazon (NASDAQ: AMZN) to Market Perform from Outperform citing recent share performances and the difficult macro environment.
- CommVault (NASDAQ: CVLT) was downgraded to Sell from Neutral at Goldman and added to the Conviction Buy List.
- TomoTherapy (NASDAQ: TOMO) was cut to Market Perform from Outperform at William Blair.
- Boston Properties (NYSE: BXP) was lowered to Neutral from Buy at UBS.
- Morgan Keegan initiated Brinker (NYSE: EAT) with a Market Perform citing the difficult macro economy, relative debt levels and the competitive environment.
- Brookdale Senior Living (NYSE: BKD) was initiated at Oppenheimer with an Outperform rating and $12 target. The firm expects the company to benefit from growing demand for higher acuity assisted living.
- Baird initiated Healthcare Realty (NYSE: HR) with an Underperform rating and $19 target citing the company's premium valuation vs. the group.
- UBS initiated Expedia (NASDAQ: EXPE), Priceline (NASDAQ: PCLN), and Orbitz Worldwide (NYSE: OWW) with Neutral ratings citing the difficult near-term demand environment.
- FedEx (NYSE: FDX) was started at Jesup & Lamont with a Hold rating.
Analyst upgrades, downgrades and initiations: AAPL, AXP, AMZN, KSU, IPG
Analyst upgrades:
- UBS upgraded Kansas City Southern (NYSE:KSU) to Buy from Neutral and lowered its target to $26 from $35 citing valuation.
- Gabelli upgraded Media General (NYSE:MEG) to Hold from Sell because the firm thinks that Harbinger Capital has sold most of its shares in the company. As a result, the firm thinks the stock will be under less selling pressure.
- Eagle Bulk Shipping (NASDAQ:EGLE) was upgraded to Neutral from Underperform at Merrill Lynch.
- Centene (NYSE:CNC) was raised to Buy from Neutral at Goldman.
- Ralcorp (NYSE:RAH) was upgraded at Credit Suisse to Outperform from Neutral.
- Interpublic Group (NYSE:IPG) was upgraded to Equal Weight from Underweight at Morgan Stanley.
- Keefe Bruyette downgraded Healthcare Realty(NYSE:HR) to Market Perform from Outperform on concerns the company's development activity could be dilutive to near-term earnings.
- Citigroup downgraded Satyam (NYSE:SAY) to Sell from Buy as they believe the company's acquisition plans, and subsequent cancellation of the deals, will lessen investor confidence in the name.
- Oppenheimer downgraded Apple (NASDAQ:AAPL) to Perform from Outperform citing Steve Jobs cancellation of his annual key note speech at Macworld on January 6. The analyst said the unexpected announcement underscores Apple's long-term dependence on Job's health and its lack of succession plan.
- Baird downgraded Carlisle NYSE:CSL)to Neutral from Outperform.
- Gibraltar Industries (NASDAQ:ROCK) was downgraded at Piper Jaffray to Sell from Buy.
- NetApp (NASDAQ:NTAP) was cut to Accumulate from Buy at ThinkPanmure.
- Citigroup believes the acquisition of Barr enhances Teva's (NASDAQ:TEVA) growth. The firm started shares with a Buy rating and $52 target.
- Suntrust initiated American Express (NYSE:AXP) with a Reduce citing slowing growth and greater-than-industry deterioration in credit quality.
- Roth Capital initiated The Buckle (NYSE:BKE) with a Hold rating and $17 target citing the deteriorating macro environment.
- Amazon.com (NASDAQ:AMZN) and Allegheny Tech (NYSE:ATI) were assumed with Neutral ratings and targets of $52 and $26, respectively, at UBS.
- Digital Realty (NYSE:DLR) was initiated at Piper Jaffray with a Buy rating.
- Mylan (NYSE:MYL) was started with an Overweight rating and $15 target at JP Morgan.
Analyst initiations: TRAK, HR and the employment services sector
MOST NOTEWORTHY: DealerTrack, Healthcare Realty Trust and the employment services sector were today's noteworthy initiations:- Suntrust believes DealerTrack (NASDAQ:TRAK) is in the stages of significantly increasing penetration of dealers, finance companies, and aftermarket providers with its leading suite of transaction and subscription based solutions. The firm started shares with a Buy rating and $61 target.
- Jefferies resumed coverage of Healthcare Realty Trust (NYSE:HR) with a Buy rating and $28 target, as they believe the company is well-positioned to benefit from the superior long-term growth trends for outpatient services.
- Credit Suisse initiated the employment services sector with a Market Weight rating, citing economic uncertainty and downside EPS risk. The firm initiated Manpower (NYSE:MAN) with an Outperform rating and $73 target and HireRight (NASDAQ:HIRE) with a Neutral rating and $13 target.
- CVS Caremark (NYSE:CVS) was initiated with a Market Perform rating and $45 target at BMO Capital.
- JP Morgan initiated Plug Power (NASDAQ:PLUG) with an Underweight rating and California Pizza (CPKI) with a Neutral rating.
Analyst upgrades: NGG, SHPGY, ONNN and ENB
MOST NOTEWORTHY: National Grid, Shire Plc, On Semiconductor and Enbridge were today's noteworthy upgrades:- Deutsche Bank upgraded shares of National Grid (NYSE: NGG) to Buy from Hold as they believe the Keyspan deal will be positive for shareholders.
- Goldman upgraded shares of Shire Plc (NASDAQ: SHPGY) to Buy from Neutral and added the stock to their Conviction Buy List on valuation and expected gains in the ADHD market.
- On Semiconductor (NASDAQ: ONNN) was upgraded to Outperform from Market Perform at Wachovia on valuation.
- Enbridge Inc (NYSE: ENB) was raised to Sector Outperformer from Sector Performer at CIBC World Markets, as the firm sees an attractive 3-year return potential as new projects come into service and expects the stock's relative underperformance to come to an end.
- Visteon Corporation (NYSE: VC) was upgraded to Neutral from Sell at Goldman Sachs.
- RSC Holdings (NYSE: RRR) and Greenfield Online Inc (NASDAQ: SRVY) were upgraded to Overweight from Equal Weight at Lehman Brothers.
- Lockheed Martin Corporation (NYSE: LMT) was raised to Buy from Neutral at Merrill Lynch.
- Stifel upgraded Health Care REITs, including Healthcare Realty Trust (NYSE: HR), LTC Properties Inc (NYSE: LTC) and Ventas Inc (NYSE: VTR), to Buy from Hold.
Jobs from blogging: Far more companies are hiring than you'd think
Are recruiters using Technorati or other blog search tools to find talent? So says the Wall Street Journal in today's paper, pointing out how blogging used to be a screening tool (maybe you shouldn't have gone on that rant about your ex-girlfriend...) but has become, for many more mature members of the job pool, a gold mine. That "about me" page does have some use after all, and many blogs I've visited have a standard resume format where the ironic sideways self-portrait, list of favorite songs and stats on children and puppies usually go.Who would hire from a blog, and what kind of people, exactly, might they hire? The WSJ uses Ryan Loken, a recruiter at Wal-Mart Stores, Inc. (NYSE: WMT), as an example; he says he's hired about 125 people because of their blogs, but doesn't say in which departments.
You might expect graphic designers and web developers to be frequently hired because of their blogs and fun little "side" projects -- and they are, it's true, but don't decide to stick to anonymity on your blog just because you're not in a high-tech field. I'm in (variously) product development, parenting and financial writing, and photography, and all my interests have inspired the occasional recruiter contact to my personal blog address (but, for the record, I'm sticking with this job!). The companies they represented were ones you'd never think of: packaged goods, wireless phones, organic farms. I've found great candidates for contract writing positions in everything from scrapbooking to cooking to living a simpler life through the blogosphere, and that's just the tip of the iceberg.
Blogging is an invaluable way to showcase one's expertise in any area, from keeping chickens to CSS design to technical stock analysis, and it's becoming, more and more, the leading way to see and be seen. Networking clubs and who-you-know? Passé. It's about how well you SEO. And I could write a whole separate post on that...
Continue reading Jobs from blogging: Far more companies are hiring than you'd think
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