• Citigroup upgraded shares of Liberty Property Trust (NYSE:LRY) to Hold from Sell to reflect the company's capital raises and progress on leasing over the past quarter. The firm raised their target price to $21 from $16.
  
• UBS upgraded shares of Lonmin (Other OTC:LNMIY) to Neutral from Sell as they believe Xstrata may make an offer for the company.
  
• Cantor Fitzgerald upgraded RadiSys (NASDAQ:RSYS) to Buy from Hold after the company reported better-than-expected Q4 results and provided Q1 guidance which the firm believes indicates that fiscal 2009 results will be better than expected. The firm set a target of $8.50.
• Duke Energy (NYSE:DUK) and PG & E (NYSE:PCG) were raised to Outperform from Sector Perform at RBC Capital.
  
• Techne (NASDAQ:TECH) was upgraded at Baird to Outperform from Neutral.

Continue reading Analyst upgrades, downgrades and initiations: DUK, DIS, ADM, DLTR

Analyst upgrades, downgrades and initiations: DUK, DIS, ADM, DLTR originally appeared on BloggingStocks on Wed, 04 Feb 2009 12:10:00 EST. Please see our terms for use of feeds.

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

• American International Group Inc. (NYSE: AIG) blamed another big loss on housing and credit markets.
• Barrett Business Services Inc. (NASDAQ: BBSI) beat Q2 estimates and raised its Q3 guidance.
• Fannie Mae (NYSE: FNM) Q2 loss was three times more than analysts had predicted.
• Freddie Mac (NYSE: FRE) big loss was due to loan write-offs, but revenue rose 10%.
• HSBC Holdings PLC (NYSE: HBC) reported a drop in profit and warned of more difficulties to come.
• InterContinental Exchange (NYSE: ICE) posted Q2 results that were in line with Wall Street expectations.
• Marvel Entertainment Inc. (NYSE: MVL) posted strong Q2 results on Iron Man and Incredible Hulk movies.
• Midway Games Inc. (NYSE: MWY) widened its Q2 net loss as revenues slumped.
• News Corp. (NYSE: NWS) posted strong Q4 results on asset gains, and warned of slower growth.
• Playboy Enterprises Inc. (NYSE: PLA) posted a worse-than-expected Q2 loss despite cost controls.
• Procter & Gamble Co. (NYSE: PG) healthy Q4 and full-year results beat analysts' expectations.
• RadiSys Corp. (NASDAQ: RSYS) easily beat Q2 expectations on strong demand for wireless products.
• Time Warner Inc. (NYSE: TWX) net income slumped on declining AOL subscriber fees (see transcript).
• Tyco International Ltd. (NYSE: TYC) beat Q3 earnings expectations and raised its full-year guidance.
• Whole Foods Market International (NASDAQ: WFMI) posted dismal results and suspended its dividend.

Continue reading Earnings highlights: Fannie Mae, Time Warner, P&G, Playboy, News Corp. and others

Earnings highlights: Fannie Mae, Time Warner, P&G, Playboy, News Corp. and others originally appeared on BloggingStocks on Sat, 09 Aug 2008 11:40:00 EST. Please see our terms for use of feeds.

RadiSys Corporation (NASDAQ: RSYS) makes system products for embedded computer applications used in the manufacturing automation, medical, transportation, telecommunications, gaming and test equipment markets. Products include embedded boards, board-level modules and chip-level components. The company also offers system integration and repair services. Clients include Nokia (NYSE: NOK), Nortel Networks (NYSE: NT) and IBM (NYSE: IBM).

The firm pleased investors last week, when it reported Q2 EPS of 14 cents and revenues of $97.6 million. Analysts had been expecting six cents and $87.8 million. The CEO attributed success to strong demand for the company's wireless and IP media server products. Management also guided Q3 EPS to 16-22 cents (nine cent consensus) and Q3 revenues to $98-$103 million ($91.2M consensus).

Continue reading RadiSys Corporation (RSYS): Shares cycle in bullish 'flag' pattern

RadiSys Corporation (RSYS): Shares cycle in bullish 'flag' pattern originally appeared on BloggingStocks on Mon, 04 Aug 2008 11:45:00 EST. Please see our terms for use of feeds.

RadiSys Corporation (NASDAQ: RSYS) makes system products for embedded computer applications used in the manufacturing automation, medical, transportation, telecommunications, gaming and test equipment markets. Products include embedded boards, board-level modules and chip-level components. The company also offers system integration and repair services. Clients include Nokia (NYSE: NOK), Nortel Networks (NYSE: NT) and IBM (NYSE: IBM).

The firm pleased investors earlier in the month, when it announced Q3 EPS of 11 cents and revenues of $83.6 million. Analysts had been expecting a penny and $77.1 million. Management also guided Q4 EPS to 11-15 cents (5 cent consensus) and Q4 revenues to $92-$98 million ($83.56M consensus). The CEO was particularly pleased with the prospect of recent acquisitions going cash flow positive in the fourth quarter. Jefferies, Cantor Fitzgerald and Needham subsequently declared the stock a "buy." RSYS shares popped on the news and then moved into a bullish "flag" consolidation pattern. Prices frequently exit flags moving in the same direction they were traveling on entry. In this case, that would be to the upside.

Continue reading RadiSys Corp. (RSYS) shares in bullish 'flag'

RadiSys Corp. (RSYS) shares in bullish 'flag' originally appeared on BloggingStocks on Thu, 29 Nov 2007 12:45:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Jefferies upgraded shares of RadiSys (NASDAQ: RSYS) to Buy from Hold following the Q3 upside to reflect the large ramp of new business expected in 2008.
  
• Lehman raised its rating on Diageo plc (NYSE: DEO) to Equal Weight from Underweight and has increased confidence that the group can increase margins.
  
• CIBC upgraded shares of Vitesse (NASDAQ: VTSS) to Sector Performer from Sector Underperformer following the company's business update, as they believe progress is being made on numerous fronts.
  
• Nollenberger upgraded shares of Big 5 Sporting Goods (NASDAQ: BGFV) to Buy from Neutral following the better-than-expected Q3 results and improved full-year outlook, as they believe visibility has improved significantly.
  
• Citigroup upgraded Coca-Cola Enterprises (NYSE: CCE) to Buy from Hold on valuation as they believe the stock is undervalued given Glaceau's expansion to European markets. The broker recommends taking profits in Pepsi Bottling Group (NYSE: PBG) and swapping into CCE.

• Baird upgraded Modine Manufacturing (NYSE: MOD) and Accuride (NYSE: ACW) to Neutral from Underperform.
  
• Deutsche Bank upgraded Energizer (NYSE: ENR) to buy from Hold.
  
• Goldman added Celanese (NYSE: CE) to its Conviction Buy List.

Analyst upgrades: RSYS, DEO, VTSS, BGFV and CCE originally appeared on BloggingStocks on Fri, 02 Nov 2007 11:55:00 EST. Please see our terms for use of feeds.

• Jefferies upgraded shares of Clearwire Corporation (NASDAQ: CLWR) to Buy from Hold on valuation as they believe the stock is trading as if the Sprint Nextel Corporation (NYSE: S) deal is off. Jefferies thinks the Sprint/Clearwire deal is still in the best interest of both companies.
  
• Deutsche Bank upgraded shares of Citrix Systems (NASDAQ: CTXS) to Buy from Hold, as they believe the contribution from XenSource beginning in Q4 could be better than expected.
  
• UBS upgraded shares of Altria Group (NYSE: MO) citing stronger Q3 International results and potential share repurchases. Shares were upgraded to Buy from Neutral.
  
• Piper Jaffray raised shares of Overstock.com (NASDAQ: OSTK) to Market Perform from Underperform, as they are incrementally more positive on shares following the company's Q3 upside. They believe the company has turned the corner on profitability.
  
• Bear Stearns upgraded shares of Interpublic Group (NYSE: IPG) to Outperform from Peer Perform on valuation and expectations for improved performance in 2008.

• Morgan Stanley upgraded Walgreen (NYSE: WAG) to Overweight from Equal Weight.
  
• Friedman Billings raised its rating on IMS Health (NYSE: RX) to Outperform from Market Perform.
  
• JP Morgan upgraded Stericycle (NASDAQ: SRCL) to Overweight from Neutral.
  
• Citigroup upgraded Xerox Corporation (NYSE: XRX) to Hold from Sell.
  
• RadiSys Corporation (NASDAQ: RSYS) was upgraded to Buy from Hold at Cantor.

Analyst upgrades: CLWR, CTXS, MO, OSTK and IPG originally appeared on BloggingStocks on Mon, 22 Oct 2007 10:33:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• ROO Group (OTCBB: RGRP) was initiated with a Buy rating and $3.50 target at Cantor. The firm believes the company is one of the few pure-play online video public investment opportunities for investors today.
• Best Buy (NYSE: BBY) and Circuit City Stores (NYSE: CC) were initiated at FTN Midwest with a Buy rating and Neutral rating, respectively.
• LifePoint Hospitals (NASDAQ: LPNT), Community Health Systems (NYSE: CYH), Tenet Healthcare (NYSE: THC) and MedCath Corp. (NASDAQ: MDTH) were all initiated with Hold ratings at AG Edwards. AG Edwards also initiated shares of Universal Health Services (NYSE: UHS) with a Buy rating and $72 target, citing the company's strong patient volume growth and favorable reimbursement trends.

• Famous Dave's of America (NASDAQ: DAVE) was initiated with a Buy rating at Feltl & Co.
• Needham initiated shares of RadiSys Corp. (NASDAQ: RSYS) with a Buy rating and $17 target, as it expects the company to benefit from the development of standards-based embedded solutions.
• Atmel Corp. (NASDAQ: ATML) was initiated with a Buy rating and $7.50 target at American Technology.
• Genomic Health (NASDAQ: GHDX) was initiated with an Outperform rating at Leerink Swann.
• Delta Air Lines (NYSE: DAL) was initiated with a Buy rating and $24 target at Soleil.
• Banc of America initiated shares of Hertz Global Holdings (NYSE: HTZ) with a Buy rating and $27 target.

Analyst initiations 5-31-07: Best Buy, Circuit City initiated originally appeared on BloggingStocks on Thu, 31 May 2007 12:42:00 EST. Please see our terms for use of feeds.