Analyst Upgrades

• Baird upgraded Oshkosh (OSK) to outperform from neutral, citing valuation as it believes post-Iraq U.S. military spending concerns are overdone. The firm keeps a $42 price target for shares.
• Goldman transferred coverage on CenturyTel (CTL) with a buy from a neutral and has a $42 price target on the stock. The firm believes CenturyTel could increase buybacks and or increase its dividend given free cash generation and low payout ratio.
• Lazard Capital upgraded Hatteras Financial (HTS) to buy from hold to reflect increased dividend projections. The firm has a $30 price target for shares.
• EOG Resources (EOG) was upgraded to neutral from underperform at Credit Suisse.
• Donaldson (DCI) was upgraded to neutral from underperform at BofA/Merrill.

Continue reading Analyst Calls: CTL, HTS, ISRG, MCD, MLM, OSK, RUTH, WMS, YUM ...

Analyst Calls: CTL, HTS, ISRG, MCD, MLM, OSK, RUTH, WMS, YUM ... originally appeared on BloggingStocks on Fri, 17 Sep 2010 11:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• UBS said Martin Marietta's (MLM) Q2 showed evidence of leverage to a recovery and the firm views risk/reward in shares as attractive. Shares were upgraded to buy from neutral, but its price target was lowered to $96 from $101.
• Soleil upgraded Regis (RGS) to buy from hold after the company said it is exploring strategic options. The firm raised its target for shares to $26 from $14.
• Wunderlich upgraded Sirius XM Radio (SIRI) to buy from hold with a $1.50 price target following the company's Q2 results. The firm believes Sirius' product continues to resonate with healthier higher-end consumers and notes that CEO Mel Karmazin said a resolution could be reached with Howard Stern by the Q3 conference call.
• Magellan Midstream (MMP) was upgraded to outperform from sector perform at RBC Capital.
• Savient (SVNT) was upgraded to neutral from underperform at BofA/Merrill.
• EMS Tech (ELMG) was upgraded to buy from hold at Needham.

Continue reading Analyst Calls: CTRN, ICE, JACK, MLM, NNN, OPTR, PCG, RGS, RYN, SIRI ...

Analyst Calls: CTRN, ICE, JACK, MLM, NNN, OPTR, PCG, RGS, RYN, SIRI ... originally appeared on BloggingStocks on Thu, 05 Aug 2010 12:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• SunTrust upgraded Anadarko Petroleum (APC) to buy from neutral. The firm believes weakness related to the oil spill disaster is overdone and is a buying opportunity. The firm set an $82 price target on the stock.
• JPMorgan upgraded NII Holdings (NIHD) to overweight from neutral following the company's Q1 results. The firm has a $55 price target on the stock.
• Keefe Bruyette upgraded Columbia Banking (COLB) to outperform from market perform following the company's secondary offering due to valuation. The firm has a $30 price target on the stock.
• Clean Harbors (CLH) was upgraded to outperform from neutral at Credit Suisse.
• Pinnacle Entertainment (PNK) was upgraded to buy from neutral at Janney Montgomery.
• Digital River (DRIV) was upgraded to overweight from equal weight at First Analysis.

Continue reading Analyst Calls: APC, BP, COLB, GS, IGTE, MCD, MLM, MXL, NIHD, SRDX ...

Analyst Calls: APC, BP, COLB, GS, IGTE, MCD, MLM, MXL, NIHD, SRDX ... originally appeared on BloggingStocks on Mon, 03 May 2010 11:40:00 EST. Please see our terms for use of feeds.

Analyst upgrades

• Wells Fargo upgraded Boeing (BA) to outperform from market perform. The firm is more confident about the company's earnings growth going forward.
• Oppenheimer upgraded H&R Block (HRB) to outperform from perform on expectations the company will improve performance in 2011. The firm has a $22 price target for shares.
• Deutsche Bank upgraded SunTrust (STI) to buy from hold to reflect valuation and expectations the company's credit will improve. The firm raised its target for shares to $34 from $29.
• Children's Place (PLCE) was upgraded to overweight from neutral at JPMorgan.
• Taubman Centers (TCO) was upgraded to neutral from sell at UBS.
• Cavium Networks (CAVM) was upgraded to outperform from neutral at Cowen.

Continue reading Analyst Calls: BA, HRB, STI, NDAQ, AIG, CHH, ORCL, HCN, COL, MLM

Analyst Calls: BA, HRB, STI, NDAQ, AIG, CHH, ORCL, HCN, COL, MLM originally appeared on BloggingStocks on Tue, 27 Apr 2010 11:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Stephens upgraded Martin Marietta (MLM) to overweight from equal weight on valuation and expectations that infrastructure and highway spending will increase. The firm raised its target on shares to $105 from $95.
• Janney Montgomery upgraded Shutterfly (SFLY) to buy from neutral to reflect valuation and a reduced pricing overhang after Kodak (EK) raised its 4x6 prices. The firm raised its target on shares to $21 from $18.
• Thomas Weisel upgraded Entropic Communications (ENTR) to overweight from market weight. The firm thinks the company is well-positioned for revenue growth in 2010, partly due to MoCA deployments from new customers and design wins for its silicon tuner product. The firm set a $5 target.
• T. Rowe Price (TROW) was upgraded to buy from hold at Jefferies.
• Dick's Sporting Goods (DKS) was upgraded to buy from neutral at BofA/Merrill.
• Massey Energy (MEE) was upgraded to overweight from neutral at JPMorgan.

Continue reading Analyst upgrades, downgrades and initiations: AOL, CKR, DKS, GEF, MLM, TROW ...

Analyst upgrades, downgrades and initiations: AOL, CKR, DKS, GEF, MLM, TROW ... originally appeared on BloggingStocks on Thu, 10 Dec 2009 11:40:00 EST. Please see our terms for use of feeds.

Continue reading Avon is restructuring, and it ain't pretty

Avon is restructuring, and it ain't pretty originally appeared on BloggingStocks on Wed, 09 Jan 2008 18:19:00 EST. Please see our terms for use of feeds.

Continue reading Multi-Level Marketing not so attractive anymore

Multi-Level Marketing not so attractive anymore originally appeared on BloggingStocks on Thu, 13 Dec 2007 13:11:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• 012Smile.com (NASDAQ: SMLC) was initiated with an Outperform rating and a $16 target at CIBC World Markets and RBC Capital and with an Overweight rating and $14.75 target at Thomas Weisel. CIBC believes the company is one of the least expensive smart-build competitive carriers in the world. The firm believes the company is poised to gain market share in newly opened local and wireless markets, and sees room for the company to expand its customer base in Israel. Cowen, which started shares with an Outperform rating, believes SMLC backing by Eurocom provides the company with significant clout and financial backing. The firm sees upside from new voice over broadband and wireless services.
  
• Banc of America resumed coverage of Lifecell (NASDAQ: LIFC) with a Neutral rating and $48 target and prefers to wait for a better entry point or evidence of better than expected Strattice uptake.
  
• The firm also started Genoptix (NASDAQ: GXDX) with a Buy rating and $36 target, as they believe the funds raised in the company's IPO will help drive annual EPS growth of 35% on a long-term basis, leading to higher valuation levels.

• JP Morgan initiated Fred's Inc. (NASDAQ: FRED) with a Neutral rating.
  
• UBS started Vulcan Materials Company (NYSE: VMC) with a Sell rating and $85 target and Martin Marietta (NYSE: MLM) with a Neutral rating and $137 target.

Analyst initiations: SMLC, LIFC and GXDX originally appeared on BloggingStocks on Mon, 10 Dec 2007 11:56:00 EST. Please see our terms for use of feeds.

Back in July, I wrote about network marketing giant Amway/Quixtar's self-imposed 120-day moratorium on recruiting in the United Kingdom, a response to a Department of Trade and Industry complaint against the company. Many critics charge that Amway is operating a thinly-veiled pyramid scheme, based on the same principles as the chain letter.

Well earlier in November, Amway blogged about its plans to return to the region, posting a memo that had been sent to directors and employees, and also forwarded to many of the company's United Kingdom distributors.

Here's where it gets interesting. Many people, myself included, have charged that the FTC is not doing enough to crack down on multi-level marketing companies using false and misleading recruiting tactics. based on the text of the memo, Amway seems to agree:

"The fact is, in the wake of this sobering experience, every one of us -- employees, IBOs, and others -- should renew our commitment to hold ourselves to the highest standards of behavior. The marketplace -- and in the UK, the government -- has made it clear that they expect no less. And when falling short of those standards exposes our company to such grave risk, there can no longer be any such thing as 'business as usual.'" (emphasis added)

In other words, the government of United Kingdom has made it clear that it will hold Amway to the highest standards of behavior -- but the United States has not followed the lead.

Perhaps Amway's massive political contributions have had something to do with that. it's a shame that our elected officials are putting the interests of special interest groups ahead of those of consumers. That's just business as usual in the land of the free, home of the brave.

Amway admits that the FTC is soft on multi-level marketing ethics originally appeared on BloggingStocks on Sat, 01 Dec 2007 15:40:00 EST. Please see our terms for use of feeds.

This article is part of a 20 article special report on "Metals, miners and money".

"Roadways and bridges around the U.S. are in terrible shape," notes Neil George, who looks at a rather unexpected "resource." The senior editor of Personal Finance explains, "We are recommending Martin Marietta Materials (NYSE: MLM), the leading company in bedrock, a little discussed, but highly important "hard asset."

He notes, "Bedrock is literally the rock that gets laid down before any concrete or asphalt is poured or any pylon is set. Aggregate forms the base of every project -- roadways and bridges as well as airport, rail system, or seaport improvements.

"Martin Marietta Materials, which was spun off from the aeronautical engineering company Martin Marietta Corp, is the best in the business. The firm is now one of the top two players in its space; it's working on projects in 31 states.

"Federal, state, and local authorities are starting to come to the table because they know we need major work to keep the economy moving. Congress is forming legislation for roadway and bridge spending. And state governments are coming up with new, overdue transportation spending plans.

"The company sells more than 200 million tons of aggregate each year, and that number is rising at a steady rate of nearly 13% annually. That's before we ramp up to catch up on our current mess.

"Margins are running at more than 18% and are increasing by more than 11%. The more Martin Marietta Materials sells, the more its profits climb. And it's cheap: The shares have yet to catch up to the value of its book of business."

Top resource ideas: A 'bedrock' bet among hard assets originally appeared on BloggingStocks on Sun, 11 Nov 2007 10:10:00 EST. Please see our terms for use of feeds.

Continue reading Amway/Quixtar sues online foes

Amway/Quixtar sues online foes originally appeared on BloggingStocks on Mon, 15 Oct 2007 17:21:00 EST. Please see our terms for use of feeds.

In 1979, the FTC ruled that multi-level marketing giant Amway is not a pyramid scheme, after years of controversy surrounding the company. While Amway still has a shady reputation in many circles, it's managed to avoid that level of government scrutiny in the United States since the FTC ruling.

But things are not going so well in England. The country's Department of Trade and Industry has filed a sealed complaint against the company, but has declined to specify any details. Amway responded by announcing that it is conducting a review of its business practices, and posted on its corporate blog some of the things its doing to shape up. The company is placing a 120-day moratorium on recruiting in Britain has banned sales of motivational tapes and literature not produced by the company. The sale of motivational materials has been a hot-button issue among Amway's critics, who charge that high-level Amway distributors get rich by selling motivational materials to naive recruits.

It will be interesting to see what happens here. An unfavorable outcome for the company in England could re-open the issue stateside.

Amway was also recently sued in California, with former distributors charging that the company is operating a pyramid scheme.

Amway runs into trouble in England originally appeared on BloggingStocks on Mon, 09 Jul 2007 19:20:00 EST. Please see our terms for use of feeds.