pinnacle posts
FeedPosted Apr 14th 2008 12:12PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hasbro Inc (HAS)
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MOST NOTEWORTHY: PetSmart, Marsh & McLennan and Pinnacle Airlines were today's noteworthy upgrades:
- Banc of America upgraded PetSmart (NASDAQ:PETM) to Buy from Neutral on valuation, as they believe the market is overly negative on the company's cyclicality.
- Keefe Bruyette upgraded shares of Marsh & McLennan (NYSE:MMC) to Outperform from Market Perform on increased confidence management will be able to improve margins.
- JP Morgan upgraded Pinnacle Airlines (NASDAQ:PNCL) to Overweight from Underweight citing the company's FCF and contract certainty.
OTHER UPGRADES:
- Hasbro (NYSE:HAS) was upgraded to Buy from Hold at Needham.
- Calyon raised Airtran Holdings (AAI) to Add from Neutral.
- Liberty Entertainment (LMDIA) was raised at Merrill to Buy from Neutral.
Posted Jun 29th 2007 10:25AM by Kevin Shult (RSS feed)
Filed under: Chipotle Mexican Grill'A' (CMG), Analyst Initiations
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MOST NOTEWORTHY: The educational services industry, the Latin American airlines sector,
Asta Funding Inc (NASDAQ:
ASFI) and
Chipotle Mexican Grill Inc (NYSE:
CMG) were today's noteworthy initiations:
- William Blair assumed coverage of Apollo Group Inc (NASDAQ: APOL) and Strayer Education Inc (NASDAQ: STRA) with Outperform ratings and Career Education Corporation (NASDAQ: CECO) with a Market Perform rating. The broker also assumed coverage and downgraded DeVry Inc (NYSE: DV) to Market Perform from Outperform.
- Goldman Sachs initiated coverage on Copa Holdings (NYSE: CPA) with a Buy rating and $88 target, GOL Linhas Aereas Inteligentes SA (NYSE: GOL) and TAM SA (NYSE: TAM) with Neutral ratings and Lan Airlines SA (NYSE: LFL) with a Sell rating and $93 target; Lan Airlines was also initiated at Morgan Stanley with an Overweight rating and $105 target.
- Asta Funding was initiated at Kaufman Brothers with a Buy rating and $55 target. The firm believes the company should grow earnings at a midpoint of 20% over time, with near-term growth at 15% and longer-term growth at 20%-25%.
- Citigroup initiated shares of Chipotle Mexican Grill with a Buy rating and $100 target, as the firm expects the company will see unit growth at a rate in the high-teens while experiencing above-average SSS and some margin expansion.
OTHER INITIATIONS:
Posted Jun 20th 2007 11:43AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Under Armour'A' (UA), Analyst Initiations, Time Warner Cable (TWC)
MOST NOTEWORTHY: Time Warner Cable , Solera Holdings (SLH) and BioDel (BIOD) filled this morning's initiation list:
- Wachovia is positive on Time Warner Cable's (NYSE: TWC) competitive position, growth opportunities and valuation, starting shares off with an Outperform rating...
- Solera (NYSE: SLH) was initiated at Deutsche Bank and Citigroup with a Hold rating; Goldman started Solera with a Buy rating and JP Morgan initiated shares with an Overweight rating...
- BioDel (NASDAQ: BIOD) was initiated at Banc of America with a Buy rating, as the company's proprietary technology Viadel enables faster uptake of insulin that more closely mimic's the body's natural first phase insulin response. Leerink started shares with an Outperform and Morgan Stanley initiated shares with an Overweight rating...
OTHER INITIATIONS:
- A.S.V. Inc (NASDAQ: ASVI) was initiated with a Buy rating at Oppenheimer.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Apr 4th 2007 10:58AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News,
MOST NOTEWORTHY: First Data Corp (FDC), Pinnacle Entertainment, Inc (PNK), Cephalon, Inc (CEPH) and Verint Systems Inc (VRNT) were some of today's downgrades:
- UBS downgraded First Data Corp (NYSE: FDC) to Neutral from Buy following the acquisition by KKR.
- Pinnacle Entertainment (NYSE: PNK) was cut to Hold from Buy at Matrix USA, as the firm believes post-hurricane reconstruction efforts are leading to significant capital expenditures, which limits upside.
- Cephalon Inc (NASDAQ: CEPH) was removed from American Technology's Focus List with shares up 15% in three weeks as the approval of Nuvigil without a Black Box warning has passed.
- JP Morgan cut shares of Verint Systems (NASDAQ: VRNT) to Underweight from Neutral, citing risks and costs associated from the Witness Systems' (WITS) acquisition.
OTHER DOWNGRADES:
- Labor Ready, Inc (NYSE: LRW) was downgraded to Sell from Neutral at Goldman based on the slowdown in U.S. residential construction activity.
- JP Morgan downgraded Icagen, Inc (NASDAQ: ICGN) to Neutral from Overweight.
- Friedman Billings cut CompuDyne Corp (NASDAQ: CDCY) to Market Perform from Outperform following Q4 results.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
Posted Jan 26th 2007 11:32AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, AT and T (T), CBS Corp 'B' (CBS), Trump Entertainment Resorts (TRMP), Analyst Initiations, Level 3 Communications (LVLT)
MOST NOTEWORTHY: The Gaming sector and CBS Corp (CBS) were the most notable companies on today's initiation list.
- Prudential initiated the Gaming sector with a Favorable rating,
- They initiated Boyd Gaming Corp (NYSE: BYD), Town Sports International Holdings (NASDAQ: CLUB), Penn National Gaming (NASDAQ: PENN), Shuffle Master Inc (NASDAQ: SHFL), Steiner Leisure Ltd (NASDAQ: STNR) and Great Wolf Resorts Inc (NASDAQ: WOLF) with Outperform ratings.
- Ameristar Casinos Inc (NASDAQ: ASCA), MGM Mirage (NYSE: MGM) and WMS Industries Inc (NYSE: WMS) were initiated with Neutral ratings.
- Underweight ratings were given to International Game Tech (NYSE: IGT), Isle of Capri Casinos Inc (NASDAQ: ISLE), Life Time Fitness Inc (NYSE: LTM), Pinnacle Entertainment Inc (NYSE: PNK) and Trump Entertainment Resorts Inc (NASDAQ: TRMP).
- UBS initiated CBS Corp (NYSE: CBS) with a Buy rating and $38 target, citing valuation, dividends and buybacks.
OTHER INITIATIONS:
- Nollenberger believes International Rectifier Corp (NYSE: IRF) is the way to play the trend for energy efficiency, initiating the company with a Buy rating and $60 target.
- Goldman Sachs resumed coverage of AT&T Inc (NYSE: T) with a Buy rating and Level 3 Communications inc (NASDAQ: LVLT) with a Neutral rating.
- Stanford started EDO Corp (NYSE: EDO) with a Hold rating and $25 target; the firm believes EDO can be a turnaround story in 2007, but they recommend investors to stay on the sidelines until after Q4 earnings given their concerns over the quarter and guidance.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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