ibkc posts
Posted Feb 27th 2009 4:05PM by Jon Ogg
Filed under: Dell (DELL), General Electric (GE), Citigroup Inc. (C)
The market was down almost all day, although it did make a few runs at going positive. The Q4 GDP data was even far worse than the revision estimates. While there is very little good news on the headlines, it does seem as though buyers are starting to nibble on positions. The end of day drop today looks like it was an index rebalance issue for month-end, although there could always be the fear of holding into the weekend. In that case, today almost felt like a win. Here are today's unofficial closing bell levels:
Dow 7,068.66 -113.42 (-1.58%)
S&P 500 735.50 -17.33 (-2.30%)
Nasdaq 1,377.84 -13.63 (-0.98%)
Top Analyst DowngradesTop Analyst UpgradesContinue reading Closing Bell: When a loss is s win (GE, C, ADSK, IBKC, DELL)
Posted Jan 29th 2009 12:11PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Netflix, Inc. (NFLX), Applied Materials (AMAT), CIGNA Corp (CI), Analyst initiations
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Analyst upgrades:
- Jefferies upgraded MSC Industrial (NYSE:MSM) to Buy from Hold after meeting with management as they believe shares are attractive at current levels. The firm raised their target price to $44 from $32.
- UBS upgraded DuPont Fabros (NYSE:DFT) to Buy from Neutral and raised their target to $7 from $2. The firm believes DuPont Fabros will receive a waiver on its CH1 Construction loan for at least a year.
- Royal Bank of Scotland upgraded Credit Suisse (NYSE:CS) to Buy from Hold to reflect the company's derisking of its trading book.
- Smith & Nephew (NYSE:SNN) was upgraded to Buy from Neutral at Goldman and added to the Conviction Buy List; Cigna (NYSE:CI) was also added to the Conviction Buy List.
- Affymetrix (NASDAQ:AFFX) was raised to Equal Weight from Underweight at Morgan Stanley.
- Airtran Holdings (NYSE:AAI) was upgraded to Buy from Hold at Jesup & Lamont.
Continue reading Analyst upgrades, downgrades and initiations: CS, CI, UNH, AMAT, NFLX
Posted Dec 12th 2008 10:55AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Ford Motor (F), Caterpillar (CAT), Agilent Technologies (A), Analyst initiations, Urban Outfitters (URBN)
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Analyst upgrades:
- Keefe Bruyette upgraded IberiaBank (NASDAQ: IBKC) to Market Perform from Underperform following the company's capital raise, which the firm believes strengthens IberiaBank's balance sheet. Baird upgraded IberiaBank to Outperform from Neutral based on valuation following weakness related to the $100M capital raise.
- Pali upgraded shares of Urban Outfitters (NASDAQ: URBN) to Neutral from Sell on valuation as they believe the company's comp slowdown is largely priced in at current levels.
- Morgan Keegan upgraded Casey's General Store (NASDAQ: CASY) to Outperform from Market Perform based on valuation, healthy SSS, and easing comps.
- Cabot OIl & Gas (NYSE: COG) and Royal Dutch Shell (NYSE: RDS.A) were added to Goldman's Conviction Buy List.
- American Capital (NASDAQ: ACAS) was raised to Market Perform from Underperform at Friedman Billings.
- CIBC lifted Manulife (NYSE: MFC) to Sector Outperformer from Sector Performer.
Analyst downgrades:
- Goldman downgraded Caterpillar (NYSE: CAT) to Sell from Neutral based on expectations for reduced capex spending by mining and oil & gas companies and the impact from the credit crunch.
- Deutsche Bank downgraded auto companies and suppliers as they believe the failed government bailout increases risks. Ford (NYSE: F), American Axle (NYSE: AXL), Magna International (NYSE: MGA) and Lear (NYSE: LEA) were downgraded to Sell from Hold.
- SAP (NYSE: SAP) was cut to Hold from Buy at Jefferies to reflect the "deteriorating" corporate IT spend environment.
- Waters (NYSE: WAT) was downgraded to Neutral from Overweight at JP Morgan.
- Agilent (NYSE: A) was lowered to Equal Weight from Overweight at Barclays; the firm also downgraded Varian (NASDAQ: VARI) to Underweight from Equal Weight.
Analyst initiations:
- Jefferies believes Core Laboratories (NYSE: CLB) is well positioned to benefit from the increasing need for reservoir optimization services. Shares were initiated with a Buy rating and $70 target.
- Deutsche Bank initiated Capital One (NYSE: COF) with a Sell rating and $24 target, citing the difficult economic environment and the potential for higher credit losses.
- Soleil started Hexcel (NYSE: HXL) with a Buy rating and $10 target and expects the company's military business to remain strong through 2010.
- On Semiconductor (NASDAQ: ONNN) was assumed with a Neutral rating and $3.80 target at UBS.
- Cbeyond (NASDAQ: CBEY) was initiated at Oppenheimer with a Perform rating.
- Brocade (NASDAQ: BRCD) was started with a Neutral rating at Piper Jaffray.
Posted Dec 9th 2008 11:55AM by Eric Buscemi
Filed under: Analyst upgrades and downgrades, DaimlerChrysler (DAI), Nokia Corp. (NOK), United Parcel'B' (UPS), Analyst initiations
Analyst upgrades:
- Goldman upgraded Nokia (NYSE: NOK) to Neutral from Sell on valuation and believes the company's guidance is realistic.
- SMH Capital upgraded GMX Resources (NASDAQ: GMXR) to Accumulate from Neutral and is positive on the company's capex reduction.
- Wachovia raised Nationwide Health Services (NYSE: NHP) to Outperform from Market Perform to reflect the company's diversified portfolio and "solid" capital position.
- Portugal Telecom (NYSE: PT) was upgraded to Equal Weight from Underweight at Morgan Stanley.
- Omnicare (NYSE: OCR) was upgraded to Buy from Hold at Soleil.
- SKF AB (OTC: SKFRY) was upgraded at JP Morgan to Neutral from Underweight.
Analyst downgrades: Continue reading Analyst calls: NOK, NHP, PCR, RIO, DT, UPS, BLK, ADSK, DAI, UNT ...
Posted May 13th 2008 11:11AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Sirius Satellite Radio (SIRI), McGraw-Hill Companies (MHP), RadioShack Corp (RSH)
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MOST NOTEWORTHY: IberiaBank, Dynamic Materials and Barr Pharmaceuticals were today's noteworthy upgrades:
- Keefe Bruyette upgraded shares of IberiaBank (NASDAQ: IBKC) to Market Perform from Underperform after the company announced that Pulaski has assumed the insured deposits of ANB Financial of Bentonville, Arkansas.
- KeyBanc upgraded Dynamic Materials (NASDAQ: BOOM) to Buy from Hold citing stability in base business, valuation, and the added benefit associated with a European competitor being acquired.
- Cowen raised Barr Pharma (NYSE: BRL) to Outperform from Neutral citing the recent pullback.
OTHER UPGRADES:
- Goldman added McGraw-Hill (NASDAQ: MHP) to its Conviction Buy List.
- RBC Capital raised RadioShack (NYSE: RSH) to Sector Perform from Underperform.
- Sirius Satellite (NASDAQ: SIRI) was upgraded at Merrill Lynch to Neutral from Sell.
Posted Jan 9th 2008 11:49AM by Eric Buscemi
Filed under: Analyst upgrades and downgrades, Garmin Ltd (GRMN)
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MOST NOTEWORTHY: Garmin, Express Scripts and ArQule were today's noteworthy downgrades:
- Deutsche Bank downgraded shares of Garmin Ltd. (NASDAQ: GRMN) to Hold from Buy and lowered their target to $90 from $125 after channel checks at CES raised concerns about competitive pressure in the U.S. and pricing. Deutsche sees increasing uncertainty for 2008.
- Express Scripts (NASDAQ: ESRX) was lowered to Market Perform from Outperform based on valuation and risk to 2008 guidance.
- Banc of America downgraded shares of ArQule (NASDAQ: ARQL) to Neutral from Buy following the departure of CEO Dr. Stephen Hill, to reflect greater execution risk and uncertainty.
OTHER DOWNGRADES:
- Keefe Bruyette downgraded IberiaBank (NASDAQ: IBKC) to Underperform from Market Perform.
- JMP Securities lowered Red Lion Hotels (NYSE: RLH) to Market Outperform from Strong Buy.
- Bear Stearns downgraded Family Dollar (NYSE: FDO) to Underperform from Peer Perform.
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