MAJOR PAPERS:

• In what may trump a GBP1.6B bid from a private-equity led consortium consisting of The Goldman Sachs Group Inc's (NYSE: GS) Goldman Sachs Capital Partners, Candover Investment (OTC: CDRIF), and Alpinvest, Expro International Group (OTC: EXPRF) said it received a GBP1.71B bid proposal from Halliburton Company (NYSE: HAL), the Wall Street Journal reported. Expro said the proposal "does not amount to a firm intention to make an offer and is subject to certain preconditions."
• The Wall Street Journal also reported that the oil industry and some U.S. lawmakers are looking to end long-standing bans on domestic drilling put in place to protect areas that are environmentally-sensitive, fueled by concerns about global energy.
• In an interview with the Financial Times, Citigroup Incorporated's (NYSE: C) former chairman and CEO Sandy Weill acknowledged that choosing Chuck Prince as his successor in 2003 turned out not to be the "right thing" for the company and was flawed. Instead of handing the job to Prince, Weill said the board should have fostered competition among the bank's top managers for the job.

• According to the Washington Post, MedImmune, a unit of drug giant AstraZeneca Plc (NYSE: AZN),settled with Genentech Inc (NYSE: DNA) a lawsuit over a patented component of its best-selling drug Synagis, which is aimed at preventing respiratory infections in infants. No details of the settlement were provided.

Newspaper wrap-up: Former Citigroup CEO admits flaw in succession plan originally appeared on BloggingStocks on Fri, 23 May 2008 08:00:00 EST. Please see our terms for use of feeds.

Gilead rising on flu-prevention efforts originally appeared on BloggingStocks on Fri, 15 Jun 2007 11:45:00 EST. Please see our terms for use of feeds.

• Markets closed for Memorial Day holiday.
• PDUFA date for MedImmune Inc's (NASDAQ: MEDI) sBLA for CAIV-T.

• Cisco Systems Inc (NASDAQ: CSCO) to hold webcast at 4:30pm to discuss newly announced Mobility Solutions.
• Verifone Holdings Inc (NYSE: PAY) to report Q2 earnings; conference call at 4:30pm.
• BMC Software Inc (NYSE: BMC) to report Q4 earnings; conference call at 5pm.

• Polo Ralph Lauren Corporation (NYSE: RL) to report Q4 earnings; conference call at 9am.
• ExxonMobil Corporation (NYSE: XOM) to hold shareholders meeting at 10am.

• Tiffany & Co. (NYSE: TIF) to report Q1 earnings; conference call at 8:30am.
• Costco Wholesale Corporation (NASDAQ: COST) to report Q3 earnings; conference call at 11am.
• Dell Inc (NASDAQ: DELL) to report Q1 earnings after market close.
• Novellus Systems Inc (NASDAQ: NVLS) to hold mid-quarter update conference call at 4:30pm.

• Weyerhauser Company (NYSE: WY) to hold analyst meeting at 9am.

Market highlights for next week: Markets closed Monday originally appeared on BloggingStocks on Fri, 25 May 2007 15:30:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• HSBC downgraded shares of AstraZeneca plc (NYSE: AZN) to Neutral from Overweight as the firm believes investors will have to wait until 2009 for the company to start benefiting from its strategy.

• Aeroflexx Inc (NASDAQ: ARXX) was cut to Hold from Buy at Jefferies with a $14 target based on valuation.

• Thomas Weisel downgraded shares of Symantec Corp (NASDAQ: SYMC) to Market Weight from Overweight citing a lack of near-term catalysts and increased risk from transitions in its business model.

• Chevron Corp (NYSE: CVX) was removed from AG Edwards' Focus Portfolio. The firm believes Chevron offers less upside potential than other companies in the sector.

• Exxon Mobil (NYSE: XOM) was downgraded to Hold from Buy on valuation and its balanced risk/reward profile...

• Piper Jaffray cut Juniper Networks, Inc (NASDAQ: JNPR) to Market Perform from Outperform with a $20 target.

• Friedman Billings downgraded L-3 Communications Holdings, Inc (NYSE: LLL) to Market Perform from Outperform.

• MedImmune, Inc (NASDAQ: MEDI) was downgraded to Equal Weight from Overweight at Lehman.

• Hecla Mining Co (NYSE: HL) was cut to Sector Underperformer from Sector Performer at CIBC based on valuation.

• Merrill Lynch cut Wendy's International (NYSE: WEN) to Sell from Neutral.

• Stanford downgraded shares of Sirius Satellite Radio Inc (NASDAQ: SIRI) to Hold from Buy with a $3 target.

Analyst downgrades 4-27-07: CVX, JNPR, SIRI, SYMC and WEN downgraded today originally appeared on BloggingStocks on Tue, 24 Apr 2007 11:31:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Piper Jaffray downgraded Checkfree Corp (NASDAQ: CKFR) to Market Perform from Outperform after transferring coverage of the payment processor company.
• Sprint Nextel Corp (NYSE: S) was cut to Outperform from Strong Buy at Raymond James.
• Lehman cut the semiconductor capital equipment sector to Neutral from Positive, downgrading Cascade Microtech, Inc (NASDAQ: CSCD), Novellus Systems, Inc (NASDAQ: NVLS) and Teradyne, Inc (NYSE: TER) to Equal Weight from Overweight and cut Electroglas, Inc (NASDAQ: EGLS) to Underweight from Equal Weight.

• ThinkEquity cut Jones Soda Co (NASDAQ: JSDA) to Source of Funds from Buy based on valuation.
• Goldman is now cautious on the biofuel sector, downgrading the group to Cautious from Neutral.
• William Blair downgraded shares of Medimmune, Inc (NASDAQ: MEDI) to Market Perform from Outperform.
• Credit Suisse downgraded shares of Big 5 Sporting Goods Corp (NASDAQ: BGFV) to Underperform from Neutral citing valuation.
• Wachovia dropped Inkeepers USA Trust (NYSE: KPA) to Underperform from Outperform based on the acquisition from Apollo Investment Corp (AINV). Citigroup cut Inkeepers to Hold from Buy.

Analyst downgrades 4-17-07: CKFR, JDSA, MEDI and S all downgraded today originally appeared on BloggingStocks on Tue, 17 Apr 2007 11:01:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Freidman Billings cut Medimmune inc (NASDAQ: MEDI) to Market Perform from Outperform on valuation. Prudential downgraded shares to Neutral from Overweight and recommended investors take profits in the company.
• J.B. Hunt Transport Services Inc (NASDAQ: JBHT) was downgraded to Peer Perform from Outperform at Bear Stearns citing valuation.
• Lockheed Martin (NYSE: LMT) was removed from Goldman Sachs Conviction Buy List and prefers L-3 Communication (LLL) over the large-cap aerospace/defense company.
• Komag Inc (NASDAQ: KOMG) was downgraded to Sell from Neutral at American Technology as they believe industry fundamentals have weakened and that the Seagate (STX) preannouncement will increase pricing pressure.

• Stifel downgraded Mercantile Bank (NASDAQ: MBWM) to Hold from Buy at Stifel.
• Soliel downgraded shares of Limited Brands (NYSE: LTD) to Hold from Buy.
• Matrix USA cut DSP Group (NASDAQ: DSPG) to Strong Sell from Hold.
• Brean Murray downgraded shares of Keithley Instruments (NYSE: KEI) to Sell from Buy with a $13 target following the company's Q2 pre-announcement.
• Needham cut Semitool Inc (NASDAQ: SMTL) to Hold from Buy.

Analyst downgrades 4-13-07: JBHT, LMT, LTD and MEDI downgraded today originally appeared on BloggingStocks on Fri, 13 Apr 2007 11:21:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• UBS downgraded First Data Corp (NYSE: FDC) to Neutral from Buy following the acquisition by KKR.

• Pinnacle Entertainment (NYSE: PNK) was cut to Hold from Buy at Matrix USA, as the firm believes post-hurricane reconstruction efforts are leading to significant capital expenditures, which limits upside.

• Cephalon Inc (NASDAQ: CEPH) was removed from American Technology's Focus List with shares up 15% in three weeks as the approval of Nuvigil without a Black Box warning has passed.

• JP Morgan cut shares of Verint Systems (NASDAQ: VRNT) to Underweight from Neutral, citing risks and costs associated from the Witness Systems' (WITS) acquisition.

• Labor Ready, Inc (NYSE: LRW) was downgraded to Sell from Neutral at Goldman based on the slowdown in U.S. residential construction activity.

• Citigroup downgraded International Paper Co (NYSE: IP) to Hold from Buy with a $39 target.

• Bernstein cut MedImmune, Inc (NASDAQ: MEDI) to Market Perform from Outperform.

• Sanders Morris downgraded Dreamworks Animation SKG, Inc (NYSE: DWA) to Neutral from Buy on valuation.

• JP Morgan downgraded Icagen, Inc (NASDAQ: ICGN) to Neutral from Overweight.

• Friedman Billings cut CompuDyne Corp (NASDAQ: CDCY) to Market Perform from Outperform following Q4 results.

• Roth Capital cut LivePerson, Inc (NASDAQ: LPSN) to Sell from Hold.

Analyst downgrades 4-04-07: Cephalon, First Data & Dreamworks Animation downgraded today originally appeared on BloggingStocks on Wed, 04 Apr 2007 10:58:00 EST. Please see our terms for use of feeds.

• Broadcom Corporation (NASDAQ: BRCM) to hold a 10:30am press conference from Barcelona on 3GSM.
• US and South Korea to hold Free-Trade Agreement talks from 2/11 to 2/14.

• Extreme entertainment earnings:
• World Wrestling Entertainment (NYSE: WWE), conference call at 11am.
• Playboy Enterprises (NYSE: PLA), conference call at 11am. Note that Playboy was recently downgraded by RBC Capital Markets and Sanders Morris Harris. Sanders Morris said the company will either issue guidance below consensus expectations or none at all on the call.
• PDUFA date for Pfizer, Inc's (NYSE: PFE) Fesoterodine, a new drug candidate for the treatment of an overactive bladder.

• Garmin Limited (NASDAQ: GRMN) to report Q4 earnings, conference call at 11am.
• MGM Mirage (NYSE: MGM) to report Q4 earnings, conference call at 11am.
• PDUFA date for Acambis plc's (OTC: ACAMY) ACAM-2000, a smallpox vaccine derived from Dryvax, a first-generation vaccine used during the global eradication program.
• PDUFA date for MedImmune Inc's (NASDAQ: MEDI) CAIV-T, an investigational intranasal, cold-adapted trivalent influenza vaccine.

• Biogen Idec Inc (NASDAQ: BIIB) to report Q4 earnings, conference call at 8:30am. On February 2, JP Morgan recommended buying Biogen before its quarterly report, saying the Tysbari uptake should be better than current expectations.

• Jack in the Box Inc (NYSE: JBX) to hold annual shareholder meeting at 3pm.

Market highlights for next week: Playboy, Garmin, Biogen reporting originally appeared on BloggingStocks on Fri, 09 Feb 2007 16:15:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Matrix USA downgraded shares of fast-food restaurant Wendy's International Inc (NYSE: WEN) to Sell from Hold to reflect the company's slowing revenues, increasing expenses and valuation.

• CIBC downgraded NOVA Chemicals Corp (NYSE: NCX) to Sector Underperformer from Sector Performer, lowering their target to $27.50 from $31 as they believe margins will be squeezed in 2008 once Middle Eastern supply begins to impact export markets.

• Following the company's lower guidance, UBS downgraded National Semiconductor Corp (NYSE: NSM) to Neutral from Buy with a $25 target, while Citigroup downgraded National Semi to Hold from Buy with a $27 target.

• Recent strength in Royal Caribbean Cruises Ltd (NYSE: RCL) forced Bank of America to remove it from their Top Pick list.

• Jefferies downgraded shares of Triad Hospitals Inc (NYSE: TRI) to Hold from Buy pending the buyout.

• JP Morgan downgraded shares of Altiris Inc (NASDAQ: ATRS) to Neutral from Outperform based on the Symantec (SYMC) acquisition.

• Thomas Weisel downgraded Medimmune Inc (NASDAQ: MEDI) to Market Perform from Outperform on valuation.

• Matrix USA downgraded Secure Computing Corp (NASDAQ: SCUR) to Sell from Buy on valuation.

Analyst downgrades 2-06-07: Wendy's shares too rich, downgrade to Sell originally appeared on BloggingStocks on Tue, 06 Feb 2007 11:23:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Goldman Sachs added Symantec and Medimmune to its Conviction Buy List. Goldman sees potential Q3 upside for Symantec and believes the company has an attractive valuation.
• Keybanc/McDonald upgraded Ford to Hold from Sell, saying it expects the rapid deterioration in earnings that occurred in 2006 to taper off as the company implements cost cuts and capacity rationalization actions.

• Gilead (NASDAQ: GILD) was upgraded to Above Average from Average at Caris & Co. as the firm believes the shares will rise on the potential NDA filing of AIR-CF2 in Q2 and its potential approval in early 2008.
• Honeywell (NYSE: HON) was upgraded to to Buy from Above Average at Caris & Co. on expected top-line growth driven by global macro trends.

Analyst upgrades 12-20: Symantec added to Conviction Buy list originally appeared on BloggingStocks on Wed, 20 Dec 2006 11:55:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Swift Transportation (SWFT), JetBlue (JBLU) and Southwest (LUV) top today's list of upgrades.

• Following Director Moyer's offer to buy Swift Transportation, Inc. (NASDAQ:SWFT) for $29 a share, the company was upgraded to Market Perform from Underperform at Wachovia, to Peer Perform from Underperform at Bear Stearns and to Neutral from Sell at Bank of America.
• JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by Raymond James to Outperform from Market Perform following the October traffic report.
• Southwest Airlines Co. (NYSE:LUV) was upgraded to Outperform from Underperform at Credit Suisse based on valuation.

OTHER UPGRADES:

• Medimmune, Inc. (NASDAQ:MEDI) was upgraded to Outperform from Market Perform at Friedman, Billings Ramsey, citing Numax data and increased sales expectations for the drug.
• Finally, H&R Block, Inc. (NYSE:HRB) was upgraded to Buy from Sell at Soleil. The firm believes H&R Block's decision to explore strategic alternatives could lead to a possible sale of the whole company or certain parts of the company.

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

Analyst upgrades 11-7-06: Swift gets a triple upgrade originally appeared on BloggingStocks on Tue, 07 Nov 2006 11:27:00 EST. Please see our terms for use of feeds.