mtb posts

Feed

Analyst Calls: AMLN, BA, CBEY, DIS, DOLE, FDX, MDP, MTB, RCL ...

Analyst Upgrades

  • UBS upgraded Boeing (BA) to neutral from sell, citing increased delivery forecasts. The firm raised its target to $68 from $50.
  • Benchmark Co. upgraded Meredith Corp. (MDP) to buy from hold to reflect improving broadcasting and magazine advertising fundamentals. The firm raised its target for shares to $40 from $36.
  • Keefe Bruyette upgraded Transatlantic (TRH) to market perform from underperform after the annual statutory data was published. The firm raised its target for shares to $51 from $4.
  • Disney (DIS) was upgraded to buy from neutral at BofA/Merrill.
  • Royal Caribbean (RCL) was upgraded to neutral from sell at Goldman.
  • FedEx (FDX) was upgraded to outperform from market perform at Morgan Keegan.

Continue reading Analyst Calls: AMLN, BA, CBEY, DIS, DOLE, FDX, MDP, MTB, RCL ...

The Week in Preview: Q4 Earnings Expectations for the Financial Sector

Last week, JPMorgan Chase & Co. (JPM) led off the coming parade of earnings from the big banks when it reported better-than-expected fourth-quarter and full-year earnings, though its revenue fell short of estimates.

Plenty more earnings from the financial sector are due out this week. Analysts surveyed by Thomson Reuters anticipate fourth-quarter earnings growth from American Express Co. (AXP), Bank of New York Mellon Corp. (BK), Hudson City Bancorp Inc. (HCBK), SLM Corp. (SLM) and US Bancorp (USB).

Continue reading The Week in Preview: Q4 Earnings Expectations for the Financial Sector

Earnings highlights: Boeing, Coca-Cola, eBay, Microsoft, Pfizer, UAL, Yahoo! ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Boeing, Coca-Cola, eBay, Microsoft, Pfizer, UAL, Yahoo! ...

Analyst upgrades, downgrades and initiations: BCS, CAT, LMT, MTB, NVS, WSM ...

Analyst upgrades:

  • FBR Capital upgraded M&T Bank (NYSE: MTB) to Market Perform from Underperform following the Q3 results to reflect the company's improved earnings outlook and better credit trends. The firm has a $70 price target on shares.
  • Kaufman Bros. upgraded Autodesk (NASDAQ: ADSK) to Buy from Hold as it believes a bottom has been reached in the manufacturing and construction industries. The firm raised its target on shares to $30 from $26.
  • Goldman upgraded Caterpillar (NYSE: CAT) to Neutral from Sell and raised its target to $64 from $48 citing improved cost controls and construction outlook.
  • Pentair (NYSE: PNR) was upgraded to Buy from Hold at KeyBanc.
  • Lexmark (NYSE: LXK) was upgraded to Neutral from Underweight at JPMorgan.
  • Stryker (NYSE: SYK) was upgraded to Neutral from Underperform at BofA/Merrill.

Continue reading Analyst upgrades, downgrades and initiations: BCS, CAT, LMT, MTB, NVS, WSM ...

Earnings highlights: Apple, Microsoft, Yahoo!, Bank of New York, Capital One ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Apple, Microsoft, Yahoo!, Bank of New York, Capital One ...

M&T Bank (MTB) Q2 earnings smash estimates

MTB logoM&T Bank (NYSE: MTB - option chain) shares are rising today after the company reported Q2 earnings this morning. While Q2 profits fell by 75% year-over-year due to one-time charges, adjusted earnings came in at 0.79 per share, well above analyst estimates of 0.47. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on MTB.

MTB opened this morning at $56.76. So far today the stock has hit a low of $55.04 and a high of $60.00. As of 11:40, MTB is trading at $56.88 up 2.44 (4.5%). The chart for MTB looks bearish and S&P gives MTB a negative 2 STARS (out of 5) sell ranking.

Continue reading M&T Bank (MTB) Q2 earnings smash estimates

Analyst upgrades, downgrades and initiations: BT, NVS, NOK, TXI, MTB ...

Analyst upgrades:
  • Canaccord upgraded Imperial Oil (NYSE: IMO) to Buy from Speculative Buy following an increase in crude oil forecast.
  • BT Group (NYSE: BT) was upgraded to Outperform from Market Perform at Bernstein.
  • Novartis (NYSE: NVS) was upgraded to Overweight from Neutral at JP Morgan.
  • CommVault (NASDAQ: CVLT) was upgraded to Neutral from Sell at Goldman.
  • AvalonBay (NYSE: AVB) was upgraded to Buy from Hold at Sandler O'Neill.

Continue reading Analyst upgrades, downgrades and initiations: BT, NVS, NOK, TXI, MTB ...

Analyst upgrades, downgrades and initiations: DUK, ETFC, MOT, MTB, SBUX

Analyst Upgrades

  • Baird upgraded Starbucks (NASDAQ: SBUX) to Outperform from Neutral based on field research that indicates improving traffic trends and visibility from cost savings initiatives.
  • FBR Capital upgraded E*Trade (NASDAQ: ETFC) to Outperform from Underperform citing an attractive risk/reward following the company's capital raise and debt exchange commencement. The firm believes the worst is behind the company and has a $2 target on the stock.
  • Oppenheimer upgraded Sonic (NASDAQ: SONC) to Outperform from Perform on expectations demand trends will improve, leading to more normalized profitability.
  • Estee Lauder (NYSE: EL) was upgraded to Equal Weight from Underweight at Barclays.
  • Motorola (NYSE: MOT) was upgraded to Buy from Neutral at BofA/Merrill.
  • ConAgra (NYSE: CAG) was upgraded to Buy from Neutral at UBS.

Continue reading Analyst upgrades, downgrades and initiations: DUK, ETFC, MOT, MTB, SBUX

Analyst upgrades, downgrades and initiations: TGT, SWY, CSIQ, HOTT, MPEL, RIO, CPB, CVD and HGG

Analyst upgrades:
  • UBS upgraded Target (NYSE: TGT) to Buy from Neutral and raised its price target to $52 from $45 citing reduced inventories, some credit stability, and an improved back-to-school period.
  • Credit Suisse said concerns regarding Safeway's (NYSE: SWY) price position are overblown and that earnings risk is limited. The firm upgraded shares to Outperform from Neutral and raised the target price to $25 from $22.
  • Oppenheimer upgraded Canadian Solar (NASDAQ: CSIQ) to Outperform from Perform as it believes the story is underappreciated following the recent sector rally. The firm has a $14 price target on the stock.
  • CME Group (NASDAQ: CME) was upgraded to buy from Neutral at Goldman.
  • Freeport McMoRan (NYSE: FCX) was upgraded to Overweight from Neutral at JP Morgan.
  • Gilead Sciences (NASDAQ: GILD) was upgraded to Buy from Neutral at FTN Equity.

Continue reading Analyst upgrades, downgrades and initiations: TGT, SWY, CSIQ, HOTT, MPEL, RIO, CPB, CVD and HGG

Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG

Analyst upgrades:
  • Janney Montgomery upgraded Aqua America (NYSE: WTR) to Buy from Neutral on valuation, viewing the recent weakness as a buying opportunity. The firm has a $19 target on the stock.
  • UBS upgraded Gildan Activewear (NYSE: GIL) to Buy from Neutral due to customer Broder's improved liquidity and the improved outlook for margins.
  • RBC Capital upgraded State Street (NYSE: STT) to Top Pick from Outperform and raised its target to $55 from $40. The analyst said the $2B capital raise addresses TCE ratio concerns and large unrealized losses in the investment portfolio.
  • Sherwin-Williams (NYSE: SHW) was upgraded to Overweight from Neutral at JP Morgan.
  • Advance Auto Parts (NYSE: AAP) was upgraded to Buy from Underperform at Banc of America/Merrill.
  • M&T Bank (NYSE: MTB) was upgraded to Outperform from Market Perform at Bernstein.

Continue reading Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG

Analyst upgrades, downgrades and initiations: DNDN, ANDE, the auto sector, DGX, MTB, ADVS, ITG, MF and PCLN

Analyst upgrades:
  • Merriman upgraded Dendreon (NASDAQ: DNDN) to Buy from Neutral on expectations shares will react positively to the full IMPACT data release on April 28. The firm thinks Provenge could represent the first cancer immunotherapy approved in the U.S. and raised its valuation range on the stock to $33-$34 from $18-$19.
  • Piper Jaffray upgraded Andersons (NASDAQ: ANDE) as it believes the valuation is attractive, investor expectations are low, and the company's fertilizer and rail segments could recovery in FY10. The firm has a $19 target on shares. Goldman upgraded the auto sector to Neutral from Cautious and added Ford (NYSE: F) to its Conviction Buy list. The analyst does not believe Ford will have to declare bankruptcy and sees the company benefiting from Chrysler share declines and GM's (NYSE: GM) reduced product offerings. Ford's price target is $6
  • Banc of America/Merrill upgraded U.S. Airways (NYSE: LCC) to Buy from Underperform.
  • Broadcom (NASDAQ: BRCM) was upgraded to Equal Weight from Underweight at Morgan Stanley.
  • Caterpillar (NYSE: CAT) was raised to Overweight from Neutral at JP Morgan.

Continue reading Analyst upgrades, downgrades and initiations: DNDN, ANDE, the auto sector, DGX, MTB, ADVS, ITG, MF and PCLN

Analyst upgrades, downgrades and initiations: AA, NOK, EXPE, MTB, CSC ...

Analyst upgrades:
  • JP Morgan upgraded Alcoa (NYSE: AA) to Overweight from Neutral and added shares to its Focus List. The analyst said the equity offering and dividend cut provide enough "liquidity insurance" to make it through 2009 and now views risk/reward as attractive.
  • Deutsche Bank upgraded Asbury Automotive (NYSE: ABG) to Buy from Hold as it finds the current valuation attractive and thinks the company's cost savings will drive upside in a recovery. The firm raised its target price to $7 from $5.50.
  • Barclays upgraded Beckman Coulter (NYSE: BEC) to Overweight from Equal Weight. Following their healthcare conference and management meetings, the firm sees increased visibility into revenues.
  • Waddell & Reed (NYSE: WDR) was raised to Buy from Neutral at Goldman.
  • Nokia (NYSE: NOK) was upgraded to Outperform from Neutral at Credit Suisse.
  • Brocade (NASDAQ: BRCD) was lifted to Outperform from Sector Perform at RBC Capital.

Continue reading Analyst upgrades, downgrades and initiations: AA, NOK, EXPE, MTB, CSC ...

The week in preview: Financials, techs lead off earnings crunch

I think it's fair to say that there's much trepidation about the earnings season that picks up steam this week. And for better or worse, numbers from the big financials have begun to roll in. Last week we saw profit sink for JPMorgan Chase (NYSE: JPM) and significant losses from Bank of American Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), and Deutsche Bank (NYSE: DB).

Analysts surveyed by Thomson Reuters expect Bank of New York Mellon Corp. (NYSE: BK) to be among those financials reporting fourth-quarter earnings growth this week. They anticipate that Bank of New York will post a profit of $0.70 per share, compared to $0.67 per share a year ago and $0.72 in the previous quarter. Revenue is expected come to $3.8 billion, about the same as it was a year ago. Bank of New York has fallen short of earnings estimates in two of the past five quarters, by as much as 11.1%. For the full year, analysts are looking for $2.78 per share (+5.8%) on $14.8 billion (+4.2%). The consensus recommendation of analysts is to buy BK, and the long-term EPS growth rate forecast is 10.7%. Shares are 48.7% lower than a year ago. Other financials expected to report quarterly earnings growth this week include SunTrust Banks Inc. (NYSE: STI) and M&T Bank Corp. (NYSE: MTB).

Continue reading The week in preview: Financials, techs lead off earnings crunch

Analyst upgrades, downgrades and initiations: AAPL, ABX, MOT, RL, CLF

Analyst upgrades:
  • Oppenheimer upgraded AmerisourceBergen (NYSE:ABC) to Outperform from Perform on the company's strong branded drug price inflation, potential for greater than expected buybacks, and their belief that prescription volume growth will stabilize after Q1. The firm raised their target to $45 from $36.
  • Baird upgraded Ecolab (NYSE:ECL) to Outperform from Neutral based on valuation following reaffirmed guidance.
  • Goldman removed shares of Dollar Tree (NASDAQ:DLTR) from its Conviction Sell List and upgraded it to Neutral from Sell based on valuation.
  • Teppco Partners (NYSE:TPP) was upgraded to Outperform from Market Perform at Wachovia.
  • Barrick Gold (NYSE:ABX) was raised to Buy from Hold at Canaccord.
  • Coca Cola Femsa (NYSE: KOF)) was upgraded at Morgan Stanley to Overweight from Equal Weight.
Analyst downgrades:
  • RBC Capital downgraded Apple (NASDAQ:AAPL) shares to Underperform from Sector Perform and lowered their target to $70 from $125 following the announcement that CEO Steve Jobs is taking a medical leave of absence. The analyst expects shares to be pressured by reduced earnings growth expectations and near-term leadership uncertainty.
  • Barclays downgraded Motorola (NYSE:MOT) to Equal Weight from Overweight as they do not expect handset recovery for at least 6 to 9 months.
  • Banc of America/Merrill downgraded Shire (NASDAQ:SHPGY) to Underperform from Buy based on earnings risk from the upcoming generic launch of Adderall XR.
  • Royal Caribbean (NYSE:RCL) was added to Goldman's Conviction Sell List.
  • Starent Networks (NASDAQ:STAR) and Ceragon Networks (NASDAQ:CRNT) were downgraded to Equal Weight from Overweight at Barclays.
  • Casella Waste (NASDAQ:CWST) was lowered at JP Morgan to Neutral from Overweight.
Analyst initiations:
  • Citigroup initiated Cliffs Natural (NYSE:CLF) with a Buy rating and $43 target. The firm believes the company's multi-tier North American contract sales arrangements should allow it weather the volatility in the spot and seaborne markets and the firm expects volumes to improve in Q2.
  • ING started Arcelor Mittal (NYSE:MT) with a Sell rating and believes the economic slowdown will have a greater than expected impact on the steel industry.
  • Friedman Billings believes weakness in M&T Bank's (NYSE:MTB) regional economy could hinder the company's growth prospects and the firm is concerned about the bank's concentration in commercial and industrial loans. The firm has an Underperform rating and $30 target on the stock.
  • S&T Bancorp (NASDAQ:STBA) was initiated with a Market Perform rating at Keefe Bruyette.
  • RBC Capital initiated Norfolk Southern (NYSE:NSC) with a Sector Perform rating and $61 target.

The week in preview: More hope for techs, doubt about financials

Wall Street's optimism in last week's preview about the earnings of tech stocks wasn't misplaced, as there were many more positive surprises than negative ones among the stocks we looked at. This week will bring plenty more data for investors in and watchers of the sector to mull over. Apple Inc. (NASDAQ: AAPL), AT&T Inc. (NYSE: T), and Microsoft Corp. (NASDAQ: MSFT), for example, are expected by analysts surveyed by Thomson Financial to post modest earnings gains from a year ago, to $1.11 per share (on $8.1 billion in sales), $0.72 per share (on $31.3 billion in sales), and $0.47 per share (on $14.8 billion in sales) respectively. All three of these companies ended the week closer to their 52-week lows than highs, and analysts on average consider them each a buy.

Here's a look at some of the week's biggest expected earnings gainers and decliners in the sector:

Continue reading The week in preview: More hope for techs, doubt about financials

Next Page >

Symbol Lookup
IndexesChangePrice
DJIA-37.1910,741.98
NASDAQ-16.872,374.41
S&P 500-5.921,159.90

Last updated: March 20, 2010: 06:00 PM

Hot Stocks

General Electric

18.07-0.12(-0.66)

Alcoa

14.26-0.04(-0.28)

Apple Inc

222.2499-2.4001(-1.07)

Google Inc 'A'

560.00-6.40(-1.13)

Bank of America

16.82-0.26(-1.52)

Wal-Mart Stores

55.34-0.60(-1.07)

Exxon Mobil Corp

67.04-0.35(-0.52)

Ford

13.29-0.44(-3.20)

Citigroup

3.90-0.12(-2.99)

IBM

127.71-0.67(-0.52)

Yahoo

16.44-0.12(-0.72)

Starbucks

24.97-0.05(-0.20)

Microsoft

29.59-0.02(-0.07)

Home Depot

32.36-0.04(-0.12)

DailyFinance Headlines

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

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

BloggingStocks Partners

More from AOL Money & Finance

CNNMoney Headlines

More CNNMoney.com

Financial Times Headlines

More Financial Times

CNBC Headlines

More CNBC.com

SmartMoney Headlines

More SmartMoney

Fox Business Headlines

More Fox Business

Engadget Headlines

More Engadget