nmm posts
FeedPosted Nov 20th 2008 11:11AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Boston Scientific (BSX), Analyst initiations, VeriFone Holdings (PAY)
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Analyst upgrades:
- Societe General upgraded BASF AG (OTC: BASFY) to Buy from Hold. The firm believes the bad news is out and that BASF has a strong market position.
- Pali Capital upgraded Hot Topic (NASDAQ: HOTT) to Buy from Neutral based on the ongoing merchandise catalyst, the opportunity to reclaim the mainstream kid and closing underperforming stores, which create the most favorable conditions in the last 5+ years.
- Stanford upgraded L-1 Identity (NYSE: ID) to Buy from Hold on valuation, and the firm sees little risk to the company from the Obama Administration.
- Gymboree (NASDAQ: GYMB) and Windstream (WIN) were raised to Overweight from Neutral at JP Morgan.
- Doral Financial (NYSE: DRL) was upgraded at B. Riley to Buy from Neutral.
- Alumina (NYSE: AWC) was upgraded to Buy from Neutral at UBS.
Analyst downgrades:
- Credit Suisse downgraded Targanta (NASDAQ: TARG) to Underperform from Outperform following the FDA Panel's rejection of Oritavancin.
- Citigroup downgraded BASF AG (OTC: BASFY) to Sell from Hold and sees no reason to own the stock following the company's profit warning. Shares were also downgraded at WestLB to Hold from Add.
- Deutsche Bank downgraded shares of Amedisys (NASDAQ: AMED) to Hold from Buy and lowered its target to $53 from $75 on concerns over the company's deteriorating A/R aging trends.
- VeriFone Holdings (NYSE: PAY) and Navios Maritime (NYSE: NMM) were lowered to Neutral from Overweight at JP Morgan.
- NTT DoCoMo (NYSE: DCM) was downgraded at Citigroup to Hold from Buy.
Analyst initiations:
- Needham expects shares of Cepheid (NASDAQ: CPHD) to be driven by continued market penetration in the hospital acquired infection market, new test introductions, GeneXpert Infinity sales, and molecular diagnostics growth from sales outside of traditional molecular testing areas. Shares were initiated with a Buy rating and $21 target.
- Needham also initiated Gen-Probe (NASDAQ: GPRO) with a Hold rating and expects market share gains for the company when PANTHER is approved in 2010/2011.
- William Blair believes Harbin Electric (NASDAQ: HRBN) is an "interesting" opportunity for exposure to rapid growth in infrastructure within the People's Republic of China. The firm started shares with a Market Perform rating.
- Boston Scientific (NYSE: BSX) was initiated with a Buy rating and $11 target at UBS.
- NutriSystem (NASDAQ: NTRI) was initiated with a Neutral rating at Janney Montgomery.
- Ener1 (NYSE: HEV) was assumed at JMP Securities with an Outperform rating and $9 target.
Posted Jan 10th 2008 11:47AM by Eric Buscemi (RSS feed)
Filed under: Analyst initiations
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MOST NOTEWORTHY: Infosys Technologies, Cognizant and Ansys and were today's noteworthy initiations:
- Infosys Technologies (NASDAQ: INFY) was initiated with a Buy rating and $54 target at Kaufman, as their checks indicate no signs of a slowdown in the Indian software services market. They believe the stock is getting no premium for its defensive nature.
- Kaufman also initiated Cognizant (NASDAQ: CTSH) with a Hold rating and $35 target and believes the company's less defensive revenue mix could cause its P/E multiple to trend below rivals.
- Ansys (NASDAQ: ANSS) was initiated with a Hold rating and $39 target at Jefferies. The firm recommends waiting for a better entry point given the peak operating margins, a more challenging macro backdrop and tougher comps.
OTHER INITIATIONS:
- Wachovia initiated Invesco (NYSE: IVZ) with a Market Perform rating.
- Dynegy (NYSE: DYN) was assumed with a Buy rating and $9.50 target at Merrill.
- Navios Maritime (NYSE: NMM) was started with an Overweight rating at JP Morgan.
Posted Jan 7th 2008 12:00PM by Eric Buscemi (RSS feed)
Filed under: Lockheed Martin (LMT), Analyst initiations
MOST NOTEWORTHY: Advanced Analogic, Navios Maritime and Lockheed Martin were today's noteworthy initiations:
- JMP Securities started shares of Advanced Analogic (NASDAQ: AATI) with a Market Outperform rating and $13 target, as they are positive on AATI's increasing margins driven by proprietary portable power management designs and cost-effective manufacturing technology.
- Cantor assumed coverage of Navios Maritime (NYSE: NMM) with a Buy rating and $21 target and believes the company's focus on long-term charter contracts and substantially fixed operating costs helps provide clear earnings visibility to support its dividend policy.
- American Technology views Lockheed Martin (NYSE: LMT) as a compelling long-term investment opportunity given the overall predictability of the sector and an attractive valuation. The firm initiated shares with a Buy rating and $129 target.
OTHER INITIATIONS:
Analyst upgrades:
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