BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Analyst calls: AB, WPI, TEVA, LYG, UACL, NTAP, SIMO, BRCM ...]]>http://www.bloggingstocks.com/2008/09/22/analyst-calls-ab-wpi-teva-lyg-uacl-ntap-simo-brcm/http://www.bloggingstocks.com/2008/09/22/analyst-calls-ab-wpi-teva-lyg-uacl-ntap-simo-brcm/http://www.bloggingstocks.com/2008/09/22/analyst-calls-ab-wpi-teva-lyg-uacl-ntap-simo-brcm/#commentsFiled under: , , , , , ,

Analyst upgrades:
  • Keefe Bruyette upgraded shares of AllianceBernstein (NYSE: AB) to Outperform from Market Perform as they find AB's risk/reward attractive given its attractive long-term business model. Wachovia upgraded Watson Pharma (NYSE: WPI) and Teva Pharma (NASDAQ: TEVA) to Outperform from Market Perform citing valuations and positive drivers for generics that include patent expirations and market share expansion.
  • UBS raised Lloyds TSB Group (NYSE: LYG) to Neutral from Sell on expected pricing power following the HBOS (OTC: HBOOY) acquisition.
  • Otter Tail (NASDAQ: OTTR) was upgraded to Outperform from Neutral at Baird.
  • GFI Group (NASDAQ: GFIG) was upgraded at Citigroup to Hold from Sell.
  • Merrill upgraded Logitech (NASDAQ: LOGI) to Neutral from Underperform.
Analyst downgrades:
  • JP Morgan downgraded shares of Lloyds TSB Group to Underweight from Neutral on capital concerns and believes the HBOS acquisition is not in the best interest of shareholders.
  • Stephens downgraded Universal Truckload (NASDAQ: UACL) to Equal Weight from Overweight on valuation and concerns about a slowdown in the flatbed sector. The firm's target remains $28.

Continue reading Analyst calls: AB, WPI, TEVA, LYG, UACL, NTAP, SIMO, BRCM ...

Analyst calls: AB, WPI, TEVA, LYG, UACL, NTAP, SIMO, BRCM ... originally appeared on BloggingStocks on Mon, 22 Sep 2008 10:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABAllianceBernsteinBRCMBroadcomCelesticaCLSGarminGFI GroupGFIGGfiGroupGRMNHBOOYhboshbos plcHbosPlcin the newsInTheNewsLloyds TSBLloydsTsbLOGILogitechLYGNetAppNTAPOtter tailOtterTailOTTRPilgrims PridePilgrimsPridePPCraymond jamesRaymondJamesRJFSAFMSanderson FarmsSandersonFarmsSilicon MotionSiliconMotionSIMOTEVAteva pharmaceuticalteva pharmaceuticalsTevaPharmaceuticalTevaPharmaceuticalsThomson ReutersThomsonReutersTRITSNTyson FoodsTysonFoodsUACLUBNKUnited FinancialUnitedFinancialUniversal TruckloadUniversalTruckloadWatsonwatson pharmaceuticalsWatsonPharmaceuticalsWPIMon, 22 Sep 2008 10:15:00 EST<![CDATA[Dubai World ups its ante in MGM]]>http://www.bloggingstocks.com/2007/12/28/dubai-world-ups-its-ante-in-mgm/http://www.bloggingstocks.com/2007/12/28/dubai-world-ups-its-ante-in-mgm/http://www.bloggingstocks.com/2007/12/28/dubai-world-ups-its-ante-in-mgm/#commentsFiled under: , , , , , ,

Dubai World, a state owned investment company, announced that it has increased its ownership in MGM Mirage (NYSE: MGM) to 6.5% by purchasing an additional five million shares of stock in the company.

Following the announced purchase, Lawrence Klatzkin of Jefferies & Co. told his clients that MGM is one of his top three picks and maintains a "buy" rating. According to Klatzkin, investors can expect to see Dubai World continue to add to its MGM holdings. This will continue to help keep the stock strong and definitely minimize any sort of downside risk.

Dubai, which has been swimming in money since the oil boom brought billions into the economy, has been moving fast over the past decade to branch out in its revenue streams. Seeing the end of the country's oil reserves in the near future, the country has been working hard to become one of the world's top tourist destinations, and moving into Las Vegas gaming is just one more step in the country's strategy to remain a relevant world player once the oil runs dry.

Michael Fowlkes has worked as a stock trader for seven years and spent the last four years working as an analyst for the online investment advisory service Investor's Observer.



Dubai World ups its ante in MGM originally appeared on BloggingStocks on Fri, 28 Dec 2007 15:07:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Dubaiin the newsInTheNewsJefferiesLas VegasLasVegasMGMMGM MirageMgmMirageFri, 28 Dec 2007 15:07:00 EST<![CDATA[General Electric buys Merrill Lynch finance units]]>http://www.bloggingstocks.com/2007/12/26/general-electric-buys-merrill-lynch-finance-units/http://www.bloggingstocks.com/2007/12/26/general-electric-buys-merrill-lynch-finance-units/http://www.bloggingstocks.com/2007/12/26/general-electric-buys-merrill-lynch-finance-units/#commentsFiled under: , , , , , , , ,

General Electric (NYSE: GE) and Merrill Lynch (NYSE: MER) announced a deal Monday, which will result in GE picking up most of Merrill's commercial finance business.

The deal is expected to be completed during the first quarter of 2008, and will add an estimated $10 billion plus in assets to GE Capital. Merrill has been hit pretty hard this year with the subprime mortgage mess, and this deal will result in around $1.3 billion worth of capital that the company will be able to allocate elsewhere.

Merrill, which announced a massive $8.4 billion worth of write downs back in October is in the middle of what it is calling a "strategic focus on divesting non-core assets." This sale is beneficial to Merrill because the firm's commercial-lending business has become reliant on companies that do not posses investment-grade credit ratings and pose a financial risk that Merrill does not need to be assuming, especially after Merrill's recent write down.

Continue reading General Electric buys Merrill Lynch finance units

General Electric buys Merrill Lynch finance units originally appeared on BloggingStocks on Wed, 26 Dec 2007 12:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Davis AdvisorsDavisAdvisorsdealsGEGeneral ElectricGeneralElectricin the newsInTheNewsMERMerrill LynchMerrillLynchsubprimeTemasekwritedownsWed, 26 Dec 2007 12:45:00 EST<![CDATA[Oil prices rise on inventory data]]>http://www.bloggingstocks.com/2007/12/19/oil-prices-rise-on-inventory-data/http://www.bloggingstocks.com/2007/12/19/oil-prices-rise-on-inventory-data/http://www.bloggingstocks.com/2007/12/19/oil-prices-rise-on-inventory-data/#commentsFiled under: , , , , ,

Oil has been moving to the upside today following a very bullish inventory report from the Energy Department. Oil for February delivery has moved higher by 76 cents to $90.84 and earlier in the session traded all the way up to $91.48.

The reason for today's move was a very unexpected decline of 7.6 million barrels of crude supplies last week. Heading into today's report, analysts had been expecting to see a drop of only 1.5 million barrels.

The gasoline portion of the report turned out to be bearish though. Analysts had been looking to see gasoline inventories rise by 700,000 barrels, but the actual results showed an increase of a whopping 3 million barrels during the week.

Continue reading Oil prices rise on inventory data

Oil prices rise on inventory data originally appeared on BloggingStocks on Wed, 19 Dec 2007 13:22:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude inventoriesCrudeInventoriesin the newsInTheNewsoiloil inventoriesoil pricesOilInventoriesOilPricesWed, 19 Dec 2007 13:22:00 EST