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LECG: Cleaning up from the subprime implosion?

The past six months have been fairly scary for Wall Street and Corporate America.

But this is actually good news for LECG (NASDAQ: XPRT). The company operates a network of independent experts who help with complex things like antitrust, litigation, accounting, healthcare, and so on.

It can be a volatile business. According to LECG's Q4 report, there was a net loss of $2.7 million, or $0.11 per share. But revenues inched up 1% to $88.2 million.

Continue reading LECG: Cleaning up from the subprime implosion?

Analyst upgrades: TEVA, NVAX, COCO, FIC and TEN

MOST NOTEWORTHY: Teva Pharma, Novavax, Corinthian Colleges, Fair Isaac and Tenneco were today's noteworthy upgrades:
  • Friedman Billings upgraded Teva Pharmaceutical (NASDAQ: TEVA) to Outperform from Market Perform following Teva's better-than-expected Q3 report and guidance.
  • Oppenheimer upgraded shares of Novavax (NASDAQ: NVAX) to Buy from Neutral based on positive expectations for Ph I/IIa pandemic influenza data, the start of clinical trials for seasonal influenza, and expected announcement of a vaccine product candidate in Q4.
  • Corinthian Colleges (NASDAQ: COCO) was upgraded to Buy from Neutral at Merrill following its better-than-expected Q1 report and guidance.
  • Citigroup upgraded of Fair Isaac (NYSE: FIC) to Buy from Hold shares to reflect the company's strong Q4 results and improved outlook.
  • Tenneco (NYSE: TEN) was raised to Outperform from Market Perform at Wachovia based on valuation and revenue opportunities in commercial truck market.
OTHER UPGRADES:

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 03:47 AM

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