AOL Money & Finance

mjn posts

Feed

Analyst upgrades, downgrades and initiations: GLW, A, BHP, MJN, AET ...

Posted Mar 23rd 2009 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Aetna Inc (AET), Agilent Technologies (A), Corning Inc (GLW), Analyst initiations, BHP Billiton Ltd ADR (BHP)

Analyst upgrades:
  • Citigroup upgraded shares of Corning (NYSE: GLW) to Buy from Hold as it believes LCD glass production and sales have bottomed and will pick-up in Q2. The firm raised its target price to $16 from $11.25.
  • Thomas Weisel upgraded Celera (NASDAQ: CRA) to Overweight from Market Weight based on valuation and its strong business model.
  • ThinkEquity upgraded Varian Semi (NASDAQ: VARI) to Buy from Accumulate and raised its target to $32 from $20 based on valuation and weakness at its sole competitor.
  • Sanofi-Aventis (NYSE: SNY) was upgraded to Hold from Underperform at Jefferies.
  • Agilent (NYSE: A) was raised to Outperform from Neutral at Credit Suisse.
  • Liberty Interactive (NASDAQ: LINTA) was upgraded at JP Morgan to Neutral from Underweight.

Continue reading Analyst upgrades, downgrades and initiations: GLW, A, BHP, MJN, AET ...

Mead Johnson braves the treacherous IPO waters

Posted Feb 11th 2009 12:20PM by Tom Taulli (RSS feed)
Filed under: Citigroup Inc. (C), Bristol-Myers Squibb (BMY), Morgan Stanley (MS)

This week, there was some hope that we might see signs of relief in the IPO market. But, with the massive sell-off yesterday, those hopes are dimmed.

Yet, there was one deal that was able to get off the ground: Mead Johnson Nutrition (NYSE: MJN). The company, which has been a part of Bristol-Myers Squibb Co. (NYSE: BMY) since 1967, is a leader in the baby formula business.

Mead was able to price its IPO at $24, which was at the top-end of its $21-$24 round. In all, the company issued 30 million shares.

No doubt, Mead is a solid company, with about $2.6 billion in sales (last year). The company has a portfolio of over 70 products that are distributed across 50 countries.

Continue reading Mead Johnson braves the treacherous IPO waters

Stocks in the news: MT, AMAT, NVDA, MJN, SIRI, CS, DF, NKE, RIMM, RTP ...

Posted Feb 11th 2009 8:17AM by Melly Alazraki (RSS feed)
Filed under: Earnings reports, Sirius Satellite Radio (SIRI), Citigroup Inc. (C), JPMorgan Chase (JPM), Applied Materials (AMAT), Bank of America (BAC), Bristol-Myers Squibb (BMY), Dean Foods (DF), Research in Motion (RIMM), Goldman Sachs Group (GS), NIKE, Inc'B' (NKE), Activision Inc (ATVI), Rio Tinto plc ADS (RTP), Initial public offerings

Before the bell: Stocks to rebound, but investors remain cautious

ArcelorMittal (NYSE: MT) swung to a surprising $2.6 billion loss in the fourth quarter -- its first ever -- as it experienced a collapse in demand and a sharp drop in prices. It wrote down $4.4 billion in pre-tax charges. The steel giant is also shedding some 9,000 workers. MT shares jumped over 6% in premarket trade.

Applied Materials (NASDAQ: AMAT) warned late Tuesday that chipmakers will spend 50% less this year for its products. The maker of semiconductor production equipment also posted a fiscal first-quarter loss of $3 million, excluding charges, and said it will cut 14% of its workforce, or about 2,000 jobs, as well as production. AMAT shares declined some 2% in premarket trade.

Continue reading Stocks in the news: MT, AMAT, NVDA, MJN, SIRI, CS, DF, NKE, RIMM, RTP ...

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: 07:42 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

Most Commented On (14 days)

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

  • My Portfolio
  • Create a New Portfolio

BloggingStocks Partners

More from AOL Money & Finance