AOL Money & Finance

hrz posts

Feed

Analyst calls: OPTR, JEC, KFN, CAR, DISH, TSN, VMW, INFY, URBN, DKS

Analyst upgrades:
  • Baird upgraded Optimer Pharm (NASDAQ: OPTR) to Outperform from Neutral and raised its target to $13 from $8 citing the decidedly positive data from the OPT-80 trial.
  • Banc of America upgraded Quest Diagnostics (NYSE: DGX) to Buy from Neutral on valuation and believes management has set expectations well.
  • Credit Suisse views Jacobs Engineering (NYSE: JEC) as a high quality name given the quality of management, execution track record, and relationship business model. Shares were upgraded to Outperform from Neutral.
  • Horizon Lines (NYSE: HRZ) was upgraded to Overweight from Equal Weight at Stephens.
  • Bancolombia SA (NYSE: CIB) was raised to Buy from Neutral.
  • Great Lakes Dredge (NASDAQ: GLDD) was upgraded to Buy from Hold at Morgan Joseph.
Analyst downgrades:

Continue reading Analyst calls: OPTR, JEC, KFN, CAR, DISH, TSN, VMW, INFY, URBN, DKS

Analyst initiations: Medical supples and devices sector, EWBC, TPX and ABH

MOST NOTEWORTHY: The medical supplies and devices sector, East West Bancorp, Tempur Pedic and AbitibiBowater were today's noteworthy initiations:
  • Credit Suisse initiated the medical supplies and devices sector with a Market Weight rating and started shares of Edwards Lifesciences (NYSE: EW) and Becton, Dickinson and Co (NYSE: BDX) with Outperform ratings and Medtronic (NYSE: MDT) and Boston Scientific (NYSE: BSX) with Neutral ratings.
  • East West Bancorp (NASDAQ: EWBC) was initiated with a Buy rating and $36 target at B. Riley; the firm's target implies a 23.1% potential total return over the next twelve months including the stock's 1.35% dividend yield.
  • Tempur Pedic (NYSE: TPX) was started with an Outperform rating at William Blair, as they find the current valuation attractive for long-term investor given the company's strong position in the specialty sleep products.
  • Deutsche Bank resumed coverage of AbitibiBowater (NYSE: ABH) with a Hold rating and $29 target, citing the strength of the Canadian dollar and difficult newsprint fundamentals.
OTHER INITIATIONS:

Analyst initiations 3-15-07: MasterCard & Domino's Pizza initiated today

MOST NOTEWORTHY: MasterCard Inc (MA), Domino's Pizza, Inc (DPZ), STEC, Inc (STEC) were some of today's more notable initiations:
  • Suntrust initiated MasterCard Inc (NYSE: MA) with a Buy rating and $130 target, believing the company is the best positioned to benefit from the secular shift from cash to e-payments at the point of sales.
  • Domino's Pizza Inc (NYSE: DPZ) was initiated with an Outperform rating and $38 target at Friedman Billings.
  • AG Edwards initiated STEC Inc (NASDAQ: STEC) with a Buy rating and $12 target. The firm feels shares are undervalued and that the company's growth profile and profitability should dramatically improve post-consumer business sale and revenue recognition change.
OTHER INITIATIONS:
  • California Pizza Kitchen (NASDAQ: CPKI) was initiated with a Market Perform rating and $35 target at Friedman Billings.
  • Stanford believes Watts Water Technologies, Inc (NYSE: WTS) is one of the more compelling names in the water infrastructure space and initiated shares with a Buy rating and $42 target.
  • Morgan Keegan believes Horizon Lines Inc's (NYSE: HRZ) earnings potential has yet to be realized and initiated shares with an Outperform rating.
  • Lazard initiated several solar power companies with Buy ratings: SunPower Corp (NASDAQ: SPWR), First Solar, Inc (NASDAQ: FSLR), Evergreen Solar, Inc (NASDAQ: ESLR) and Energy Conversion Devices, Inc (NASDAQ: ENER).
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Market highlights for next week

The first non-holiday week of 2007 will also kick of the January earnings period and feature two of the biggest technology conferences of the year: The Consumer Electronics Show and Macworld 2007.

Monday January 8
  • Consumer Electronics Show in Las Vegas from 1/8 - 1/11
  • Macworld 2007 in San Francisco from 1/8 - 1/12
Tuesday January 9
  • Alcoa Inc. (NYSE: AA) to report Q4 earnings; conference call at 5 p.m.
  • Eastman Kodak Company (NYSE: EK) to hold investor meeting at 8 a.m.
Wednesday January 10
  • Tiffany & Co. (NYSE: TIF) to hold sales conference call at 8:30 a.m.
  • Walgreen Company (NYSE: WAG) to hold shareholder meeting at 3 p.m.
  • Genentech, Inc (NYSE: DNA) to hold earnings conference call at 5:15 p.m.
Thursday January 11
  • General Mills Inc. (NYSE: GIS) to hold 9 a.m. conference call to discuss 2H07 outlook
  • XM Satellite Radio Holdings (NYSE: XMSR) to hold Q4 earnings conference call at 1 p.m.
Friday January 12
  • Horizon Lines, Inc. (NYSE: HRZ) to hold 10 a.m. conference call to discuss 2007 guidance

Symbol Lookup
IndexesChangePrice
DJIA+20.0310,246.97
NASDAQ-2.982,151.08
S&P 500-0.071,093.01

Last updated: November 11, 2009: 08:14 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance