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FeedPosted Apr 11th 2008 11:45AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Hershey Co (HSY), Genentech Inc (DNA), Garmin Ltd (GRMN)
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MOST NOTEWORTHY: Hershey Foods, Genentech and Garmin were today's noteworthy downgrades:
- Bernstein downgraded Hershey Foods (NYSE: HSY) to Market Perform from Outperform, citing commodity cost pressures & slowing volume growth.
- Thomas Weisel downgraded Genentech (NYSE: DNA) to Market Weight from Overweight after the company reported Q1 results, due to Avastin growth concerns and a lack of meaningful drivers of long-term revenue growth until 2009.
- Oppenheimer cut Garmin (NASDAQ: GRMN) to Perform from Outperform on concerns regarding PND pricing and the company's profitability dynamics.
OTHER DOWNGRADES:
- Blackrock (NYSE: BLK) was downgraded at Goldman to Neutral from Buy and to Market Perform from Outperform at Wachovia.
- Baird downgraded Millennium Pharma (NASDAQ: MLNM) to Neutral from Outperform.
- JP Morgan lowered Total SA (NYSE: TOT) to Neutral from Overweight.
Posted Nov 6th 2007 11:02AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, MasterCard Inc'A' (MA), Research in Motion (RIMM), Sun Microsystems (JAVA), Oracle Corp (ORCL)
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MOST NOTEWORTHY: Ericsson, Total SA, Research in Motion, MasterCard and Sun Microsystems were today's noteworthy upgrades:
- Goldman upgraded shares of Ericsson (NASDAQ: ERIC) to Buy from Neutral and added the company to their pan-Europe Conviction Buy List, as they believe the factors that lead to the October earnings miss will be rectified and the company will report upside to Q4 estimates.
- Credit Suisse upgraded Total SA (NYSE: TOT) to Outperform from Neutral based on valuation and expectations for a return in upstream volume growth in 2008.
- Credit Suisse also upgraded Research in Motion (NASDAQ: RIMM) to Outperform from Neutral, citing RIMM's expanding international market share.
- MasterCard (NYSE: MA) was raised to Buy from Hold at Deutsche Bank, as they believe the company's margin potential is yet to be fully priced into shares or Street estimates.
- Citigroup raised shares of Sun Microsystems (NASDAQ: JAVA) to Buy from Hold to reflect the company's improving product line, restructuring, and share buyback. They find the risk/reward attractive and expect solid Q2 results.
OTHER UPGRADES:
Posted Jun 27th 2007 10:35AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Toyota Motor Corp. (TM), Kohl's Corp (KSS), Hunt(J.B.) Transport (JBHT)
MOST NOTEWORTHY: Toyota Motor Corp (TM), J.B. Hunt Transport Services (JBHT), SourceFire (FIRE), Kohl's Corp (KSS) and Millennium Pharmaceuticals (MLNM) were today's noteworthy upgrades:
- Goldman upgraded shares of Toyota Motor Corp (NYSE: TM) to Buy from Neutral to reflect expectations for greater operating profits and margin expansion in 2007.
- Keybanc upgraded shares of J.B. Hunt Transport (NASDAQ: JBHT) to Buy from Hold based on increased conviction in JBHT's ability to increase intermodal volumes, easier 2H and 2008 comps, buybacks and valuation.
- Jefferies upgraded SourceFire Inc (NASDAQ: FIRE) to Buy from Hold after their checks indicated better Federal IT spending and solid sales activity.
- Kohl's Corp (NYSE: KSS) was raised to Outperform from Neutral at Baird on valuation.
- Millennium Pharmaceuticals (NASDAQ: MLNM) was upgraded to Market Perform from Underperform at Friedman Billings, citing recent monthly Velcade prescription trends for the move higher...
OTHER UPGRADES:
- Morgan Keegan raised Cost Plus Inc (NASDAQ: CPWM) to Market Perform from Underperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jun 26th 2007 10:35AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Adobe Systems (ADBE), Verizon Communications (VZ)
MOST NOTEWORTHY: Cadbury Schweppes plc (CSG), Adobe Systems (ADBE), Verizon Communications (VZ) and Arcelor-Mittal (MT) were today's noteworthy downgrades:
- Citigroup downgraded shares of Cadbury Schweppes (NYSE: CSG) to Hold from Buy as they see limited upside now that the company is close to divesting its beverage division.
- Adobe (NASDAQ: ADBE) was cut to Neutral from Buy at Goldman and was removed from the Americas Buy List as they do not believe revenue growth will significantly top 17% this year and may not meet investors high expectations.
- Soleil downgraded shares of Verizon Communications (NYSE: VZ) to Sell from Hold on valuation as they think the stock is trading near the high end of a reasonable trading range. They believe shares are due for a 10%-15% correction.
- Merrill expects carbon steel prices to come under pressure in Q3, sending Arcelor-Mittal (NYSE: MT) shares to Neutral from Buy...
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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