AOL Money & Finance

hs posts

Feed

Serious Money: Home Depot & Lowe's belong on your watchlist

Hopefully all the people who thought the world was coming to an end have found good counseling while the rest of us get on with our business. This is not to make light of those that are struggling to find employment, or trying to rebuild their retirement portfolios -- this is a brutal economy indeed.

The most important thing, though, is that the stock market has improved recently, "bear rally" or not, because it has allowed investors to see that the market can go up as well as down. The most reliable prediction for the future of the stock market has always been "it will fluctuate".

My favorite motto comes from my time as a Cub Scout: be prepared. If you do not have a watchlist then you are not prepared. Yesterday I started this conversation with Serious Money: Keep your eyes on UPS and FDX.

Continue reading Serious Money: Home Depot & Lowe's belong on your watchlist

Analyst upgrades, downgrades and initiations: TYC, STT, PNFP ...

Analyst upgrades:
  • Citigroup upgraded Tyco (NYSE: TYC) shares to Buy from Hold on valuation as they believe the recent weakness has created an attractive entry point. The firm lowered its target price to $25 from $26.
  • Deutsche Bank raised SAP (NYSE: SAP) to Buy from Hold on valuation as it finds the risk/reward attractive at current levels.
  • Oppenheimer upgraded Onlin Corp (NYSE: OLN) to Outperform from Perform on valuation as it sees strong support at $10 and potential upside to $20. The firm has a $20 target on the stock.
  • JP Morgan (NYSE: JPM) and Blackstone (NYSE: BX) were upgraded to Outperform from Market Perform at Keefe Bruyette.
  • Adobe (NASDAQ: ADBE) was raised to Neutral from Sell at UBS.
  • Goldman added AT&T (NYSE: T) to the Conviction Buy List.

Continue reading Analyst upgrades, downgrades and initiations: TYC, STT, PNFP ...

Analyst inititations: SIGM, SAY and G

MOST NOTEWORTHY: Sigma Designs, Satyam and Genpact were today's noteworthy initiations:
  • Deutsche Bank initiated shares of Sigma Designs (NASDAQ: SIGM) with a Buy rating and $62 target, as they believe the company can maintain its leadership position in the fast-growing IPTV and high-def DVD markets. Baird said Sigma's IPTV momentum is accelerating, Blu-ray demand in strong, and Ultrawideband is the next growth opportunity. The firm resumed coverage with an Outperform rating.
  • Banc of America started shares of Satyam Computer Services (NYSE: SAY) with a Neutral rating and $39 target on valuation, as they believe better value exists in peers Cognizant Technology (NASDAQ: CTSH) and Infosys Technologies (NASDAQ: INFY).
  • UBS initiated Genpact (NYSE: G) with a Neutral rating and $18 target on valuation.
OTHER INITIATIONS:
  • Goldman resumed coverage of HealthSpring (NYSE: HS) with a Neutral rating and $23 target.
  • Wachovia initiated Gentiva Health (NASDAQ: GTIV) with an Outperform rating.

Analyst initiations 8-08-07: CPRT, RIMM and SWIM

MOST NOTEWORTHY: HealthSpring (HS), CoPart (CPRT), Multi Fineline Electronix (MFLX) and Global Traffic Network (GNET) were today's noteworthy initiations:
  • HealthSpring (NYSE: HS) was initiated with a Neutral rating and $20 target at Banc of America, as the firm doesn't expect earnings growth to recover until 2009.
  • Rochdale Research started CoPark (NASDAQ: CPRT) with a Buy and $36 target yesterday. The firm said CoPark is in an excellent competitive position and expects growth to re-accelerate as the company integrates and expands its non-U.S. platform.
  • Needham reinstated shares of Multi Fineline Electronix (NASDAQ: MFLX) with a Buy rating and $13 target, as the firm believes the current valuation overly discounts the company's opportunities with Sony-Ericsson (SNE/ERIC), Apple (AAPL), and the likelihood of stability at Motorola (MOT).
  • Oppenheimer initiated shares of Global Traffic Network (NASDAQ: GNET) with a Buy rating and $9.50 target as the firm believes the company's expansion into new territories such as Canada and the UK should enable double-digit revenue and cash flow growth for the long term.
OTHER INITIATIONS:
  • Goldman Sachs reinstated shares of Qiagen (NASDAQ: QGEN) with a Neutral rating.
  • Raymond James initiated shares of Research in Motion (NASDAQ: RIMM) with an Outperform rating and $275 target.
  • BMO Capital initiated shares of INVESTools (NASDAQ: SWIM) with an Outperform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 5-14-07: GOOG, PETM and RDY

MOST NOTEWORTHY: PetSmart, Inc (PETM), Google (GOOG), Dr. Reddy's Laboratories Ltd (RDY) and Optimal Group Inc (OPMR) were today's more noteworthy downgrades:
  • First Global downgraded shares of Google Inc (NASDAQ: GOOG) to Market Perform from Outperform.
  • Morgan Stanley downgraded shares of Dr. Reddy's Laboratories (NYSE: RDY) to Equal-Weight from Overweight after a U.S. court ruling appeared set to block generic competition to Japanese company Eisai Co, Ltd's (ESALY) ulcer drug Aciphex.
  • B. Riley downgraded shares of Optimal Group (NASDAQ: OPMR) to Neutral from Buy to reflect increasing uncertainty regarding further legal actions, which may be taken by the U.S. Attorney's office against the company...
OTHER DOWNGRADES:
  • Teck Cominco Ltd (NYSE: TCK) was downgraded to Sector Performer from Sector Outperformer at CIBC.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA+24.4110,251.35
NASDAQ+4.862,158.92
S&P 500+2.171,095.25

Last updated: November 10, 2009: 10:25 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