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Analyst upgrades, downgrades and initiations: THOO, VMW, VOD, BKC, CVX, HBAN ...

Analyst upgrades:
  • Jefferies upgraded VMware (NYSE: VMW) to Hold from Underperform on expectations June quarter revenue will be inline-to-slightly-better and negative revisions to September quarter revenue will not be as great as in the most recent two quarters. The firm raised its target on shares to $25 from $20.
  • Citigroup upgraded Blue Nile (NASDAQ: NILE) to Buy from Hold on valuation following the recent pullback and believes expectations for Q2 are reasonable. The firm has a $50 price target on the stock.
  • FBR Capital upgraded Bronco Drilling (NASDAQ: BRNC) to Market Perform from Underperform on valuation as it believes negative sentiment will ease. The firm raised its target on shares to $4 from $3.
  • Unilever (NYSE: UL) was upgraded to Overweight from Neutral at JP Morgan.
  • Posco (NYSE: PKX) was upgraded to Overweight from Equal Weight at Morgan Stanley.
  • Gol Linhas Aereas (NYSE: GOL) was upgraded to Buy from Underperform at BofA/Merrill.

Continue reading Analyst upgrades, downgrades and initiations: THOO, VMW, VOD, BKC, CVX, HBAN ...

Analyst initiations 8-08-07: CPRT, RIMM and SWIM

MOST NOTEWORTHY: HealthSpring (HS), CoPart (CPRT), Multi Fineline Electronix (MFLX) and Global Traffic Network (GNET) were today's noteworthy initiations:
  • HealthSpring (NYSE: HS) was initiated with a Neutral rating and $20 target at Banc of America, as the firm doesn't expect earnings growth to recover until 2009.
  • Rochdale Research started CoPark (NASDAQ: CPRT) with a Buy and $36 target yesterday. The firm said CoPark is in an excellent competitive position and expects growth to re-accelerate as the company integrates and expands its non-U.S. platform.
  • Needham reinstated shares of Multi Fineline Electronix (NASDAQ: MFLX) with a Buy rating and $13 target, as the firm believes the current valuation overly discounts the company's opportunities with Sony-Ericsson (SNE/ERIC), Apple (AAPL), and the likelihood of stability at Motorola (MOT).
  • Oppenheimer initiated shares of Global Traffic Network (NASDAQ: GNET) with a Buy rating and $9.50 target as the firm believes the company's expansion into new territories such as Canada and the UK should enable double-digit revenue and cash flow growth for the long term.
OTHER INITIATIONS:
  • Goldman Sachs reinstated shares of Qiagen (NASDAQ: QGEN) with a Neutral rating.
  • Raymond James initiated shares of Research in Motion (NASDAQ: RIMM) with an Outperform rating and $275 target.
  • BMO Capital initiated shares of INVESTools (NASDAQ: SWIM) with an Outperform rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

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

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.
  • JP Morgan initiated Luminent Mortgage Capital (NYSE: LUM) with an Overweight rating based on valuation.
  • First Albany initiated CNET Networks inc (NASDAQ: CNET) with a Buy rating and $10 target, citing valuation.
OTHER INITIATIONS:
  • RBC initiated Multi-Fineline Electronix, Inc (NASDAQ: MFLX) with an Outperform rating and $23 target.
  • Jefferies started Packeteer, Inc (NASDAQ: PKTR) with a Buy rating and $18.50 target on valuation.
  • Jefferies also initiated Riverbed Technology, Inc (NASDAQ: RVBD) with a Hold rating and $28 target.
  • UBS AG (NYSE: UBS) was started with a Buy rating and $79 target at Bank of America.
  • Matrix USA initiated Transocean Inc (NYSE: RIG) with a Buy rating.
  • Wedbush initiated both eFunds Corp (NYSE: EFD) and NCR Corp (NYSE: NCR) with Buy ratings.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 2-13-07: Ford, Circuit City and Alcoa downgraded today

MOST NOTEWORTHY: Hydril Corp (HYDL), Circuit City Stores (CC) and Ford Motor Corp (F) topped today's list of most notable downgrades:
  • Following the acquisition by Tenaris SA ADS (NYSE: TS), Hydril Corp (HASDAQ: HYDL) was downgraded by Lehman Brothers to Underweight from Overweight, to Peer Perform from Outperform at Bear Stearns and to Neutral from Overweight at JP Morgan.
  • Circuit City Stores (NYSE: CC) was downgraded to Neutral from Buy on valuation at Goldman Sachs.
  • Merrill Lynch downgraded Ford Motor Corp (NYSE: F) to Sell from Neutral citing the recent strength of its shares.
OTHER DOWNGRADES:
  • Alcoa Inc (NYSE: AA) was taken down to Hold from Buy on valuation.
  • Multi-Fineline Electronix Inc (NASDAQ: MFLX) was downgraded to Strong Sell from Strong Buy at Matrix USA, as the firm believes strong competition is eroding sales growth.
  • Hansen Natural Corp (NASDAQ: HANS) was downgraded by both Goldman Sachs and JP Morgan to Neutral from Buy on valuation.
  • Citigroup cut Coca-Cola Enterprises Inc (NYSE: CCE) to Hold from Buy citing the difficult CSD environment, especially relative to Buy-rated Pepsi Bottling Group (NYSE: PBG). The firm considers Pepsi Bottling to be better-positioned than Coca-Cola Enterprises.
  • Freidman Billings downgraded Onyx Pharmaceuticals (NASDAQ: ONXX) to Underperform from Market Perform on valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 06:39 PM

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