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Analyst upgrades: BT, LUM, COGN, THO and WPI

Posted Sep 28th 2007 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades,

MOST NOTEWORTHY: BT Group, Luminent Mortage, Cognos, Thor Industries and Watson Pharmaceuticals were today's noteworthy upgrades:

ING Group upgraded shares of BT Group (NYSE: BT) to Hold from Sell to reflect the company's more stable revenue trend and improving cash flow generation.
Deutsche Bank upgraded shares of Luminent Mortgage Capital (NYSE: LUM) to Hold from Sell, as they believe the company's portfolio is beginning to stabilize and its liquidity has improved.
Goldman upgraded Cognos Inc (NASDAQ: COGN) to Buy from Neutral following its Q2 report.
Thor Industries (NYSE: THO) was raised to Sector Perform from Underperform at RBC Capital Markets. The firm's checks indicate strengthening backlog and lower promotional spending.
Roth Capital believes Watson Pharmaceuticals (NYSE: WPI) is about to enter a growth phase with Paul Bisaro at the helm and is positive on Silodosin potential. The firm upgraded shares to Buy from Hold.

OTHER UPGRADES:

Bank of the Ozarks (NASDAQ: OZRK) was upgraded to Buy from Neutral at B. Riley.
Bear upgraded Harman International (NYSE: HAR) to Outperform from Market Perform.
Goldman upgraded Packagaing Corporation (NYSE: PKG) and Smurfit-Stone Container (NASDAQ: SSCC) to Buy from Neutral.
Friedman Billings raised Conseco Inc (NYSE: CNO) to Outperform from Market Perform.

Analyst upgrades 8-27-07: AMZN, GIS and WFMI

Posted Aug 27th 2007 10:52AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, Amazon.com (AMZN), Whole Foods Market (WFMI), General Mills (GIS), Stocks to Buy

MOST NOTEWORTHY: Amazon.com (AMZN), Luminent Mortgage (LUM), Whole Foods (WFMI), Tenet Healthcare (THC) and Pediatrix Medical (PDX) were today's noteworthy upgrades:

Bernstein upgraded Amazon.com (NASDAQ: AMZN) to Outperform from Market Perform, citing margins on 3rd party transactions that are close to eBay's (EBAY) and that the overseas merchants initiative will increase 3rd party units to 25% of sales. The move is expected to increase operating margins to 6.2% by 2011, above the previously expected improvement of 4.6% by the same time.

JMP Securities said Luminent Mortgage's (NYSE: LUM) $64.9M emergency financing from Arco Capital may preserve some value for shareholders, and upgraded shares to Market Underperform from Sell.

JP Morgan added Whole Foods (NASDAQ: WFMI) to its Focus List, and expects the Wild Oats (NASDAQ: OATS) acquisition to be a catalyst for shares.

Deutsche Bank upgraded Tenet Healthcare (NYSE: THC) to Hold from Sell.

Matrix USA raised Pediatrix Medical (NYSE: PDX) to Buy from Hold, citing valuation...

OTHER UPGRADES:

AGL Resources (NYSE: ATG) and Atmos Energy (NYSE: ATO) were upgraded to Buy from Neutral at Calyon.

Rowan Co (NYSE: RDC) was upgraded to Outperform from Peer Perform at Bear Stearns.

Goldman raised O'Reilly Automotive (NASDAQ: ORLY) to Buy from Neutral.

BMO Capital upgraded General Mills (NYSE: GIS) to Outperform from Market Perform.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 8-07-07: CLWR, FFIV, JBLU and LUM

Posted Aug 7th 2007 11:05AM by Kevin Shult (RSS feed)
Filed under: JetBlue Airways (JBLU)

MOST NOTEWORTHY: Luminent Mortgage (LUM), JetBlue (JBLU), Thornburg Morgtage (TMA) and Harmony Gold (HMY) were today's noteworthy downgrades:

Luminent Mortgage (NYSE: LUM) was downgraded by a host of firms following suspension of its dividend and 10Q filing delay:

UBS cut shares to Sell from Neutral.
Deutsche Bank downgraded Luminent to Sell from Buy.
Friedman Billings and JMP Securities downgraded shares to Underperform from Market Perform. Keefe Bruyette downgraded Luminent to Market Perform from Outperform.

Morgan Stanley downgraded JetBlue (NASDAQ: JBLU) to Underweight from Equal Weight based on expected competition from Virgin American and their stretched balance sheet.

Deutsche Bank downgraded shares of Thornburg Mortgage (NYSE: TMA) to Sell from Hold telling accounts it does not believe REIT taxable earnings will be able to support the dividend.

Deutsche Bank and UBS cut shares of Harmony Gold (NYSE: HMY) to Sell from Neutral after the company lowered its earnings forecast and the CEO resigned...

OTHER DOWNGRADES:

Thomas Weisel downgraded F5 Networks (NASDAQ: FFIV) to Market Weight from Overweight.

AG Edwards cut Nuveen Investments (NYSE: JNC) to Sell from Hold.

Pali Capital downgraded Clearwire (NASDAQ: CLWR) to Neutral from Buy.

Matrix USA downgraded PPG Industries (NYSE: PPG) to Buy from Strong Buy.

Wachovia cut U-Store It Trust (NYSE: YSI) to Underperform from Market Perform.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades: BP, COP, CVX, WYE and XOM

Posted Aug 6th 2007 10:42AM by Kevin Shult (RSS feed)
Filed under: Exxon Mobil (XOM), Chevron Corp (CVX), ConocoPhillips (COP), BP p.l.c. ADS (BP)

MOST NOTEWORTHY: Wyeth (WYE), Luminent Mortgage Capital (LUM), CheckFree (CKFR), EOG Resources (EOG) and K-Swiss (KSWS) were today's noteworthy downgrades:

Cowen downgraded Wyeth (NYSE: WYE) to Neutral from Outperform based on limited long-term limited visibility.

JP Morgan downgraded shares of Luminent Mortgage (NYSE: LUM) to Underweight from Neutral citing difficult CMO and CDO market conditions.

JP Morgan downgraded CheckFree (NASDAQ: CKFR) to Neutral from Overweight following the company's acquisition by FiServ (FISV).

Matrix cut shares of EOG Resources (NYSE: EOG) to Sell from Buy to reflect lower natural gas prices and increasing costs.

Matrix believes soft demand for athletic shoes is leading to declining sales for K-Swiss (NASDAQ: KSWS), and cut shares to Sell from Buy...

OTHER DOWNGRADES:

JMP Securities downgraded CapitalSource (NYSE: CSE) to Outperform from Strong Buy.

Oppenheimer has turned negative on oil and gas names for the near-term, as they now believe the downside risk exceeds upside potential; they cut shares of Apache Corp (NYSE; APA), BP PLC (NYSE: BP), ConocoPhillips (NYSE: COP), Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM), among others, to Neutral from Buy.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 3-13-07: Celgene, CNET Networks & Transocean initiated today

Posted Mar 13th 2007 11:34AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Initiations

MOST NOTEWORTHY: Celgene Corp (CELG), Luminent Mortgage Capital (LUM) and CNET Networks, Inc (CNET) were some of today's notable initiations:

Bernstein started Celgene Corp (NASDAQ: CELG) with an Outperform rating and $62 target. The firm believes Revlimid can achieve the company's global sales of more than $3.2B by 2012 and feels the recent low $50's is an excellent share entry point.