Analyst Upgrades

• Wynn Resorts (WYNN) to overweight from neutral at JPMorgan.
• Oracle (ORCL) and Alliance Data Systems (ADS) to outperform from neutral at Macquarie.
• Saint Joe (JOE) to outperform from market perform at Keefe Bruyette.
• Starwood Hotels (HOT) to neutral from underperform at RW Baird.
• Middlesex Water (MSEX) to buy from neutral at Janney Capital.
• Consol Energy (CNX) to buy from hold at BB&T.

Continue reading Analyst Calls: BAC, CMA, DO, HOT, ORCL, RIG, RTN, SBUX, TLB, WYNN ...

Analyst Calls: BAC, CMA, DO, HOT, ORCL, RIG, RTN, SBUX, TLB, WYNN ... originally appeared on BloggingStocks on Thu, 16 Dec 2010 11:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Citigroup upgraded Chevron (CVX) to buy from hold after raising its long-term oil price assumption to $80 per barrel from $65. The firm raised its target price for Chevron shares to $97 from $78 and said it expects oil prices to push towards $90 per barrel in the near-term. Note, Citi also upgraded BP (BP) and Petrobras (PBR) Monday morning to buy from hold.
• Jefferies upgraded Overseas Shipholding (OSG) and Nordic American Tanker (NAT) to buy from underperform as it expects crude oil tanker charter rates to improve in 2010 based on expectations for increased OPEC production levels. The firm raised its target on Overseas Shipholding to $60 from $22 and on Nordic American to $41 from $25.
• Goldman upgraded Corning (GLW) to buy from neutral as they believe the LCD cycle may have bottomed in 4Q09 vs. their previous expectation of 2H10. The firm raised its target to $23 from $18. Shares were also upgraded to buy from hold at Deutsche Bank on expectations that consensus estimates will trend higher due to robust TV demand and tight capacity. The firm raised its target price on shares to $24 from $19.
• Lam Research (LRCX) was upgraded to buy from neutral at UBS.
• Intel (INTC) was upgraded to hold from sell at Auriga.
• Regal Entertainment (RGC) was upgraded to overweight from market weight at Thomas Weisel.

Continue reading Analyst Upgrades, Downgrades and Initiations: BKC, BP, CVX, DIS, GLW, INTC, NAT ...

Analyst Upgrades, Downgrades and Initiations: BKC, BP, CVX, DIS, GLW, INTC, NAT ... originally appeared on BloggingStocks on Mon, 11 Jan 2010 11:40:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Credit Suisse upgraded Hewlett-Packard (NYSE: HPQ) to Outperform from Neutral and raised its target to $55 from $44 based on earnings momentum and a bottom in the Imaging and Printing segment. Note that Dell was downgraded to Neutral from Outperform.
• Jefferies upgraded Covance (NYSE: CVD) to Buy from Hold as it believes investor expectations are more reasonable following the company's conference presentation and that its Late Stage segment should continue to post strong results. The firm raised its target on shares to $65 from $5.
• Stephens upgraded Home Bancshares (NASDAQ: HOMB) to Overweight from Equal Weight to reflect improved capital levels and a better-than-expected near-term outlook. The firm raised its target on shares to $27 from $24.
• Citigroup upgraded Macy's (NYSE: M) to Buy from Hold after meeting with management as it believes the My Macy's localization is gaining traction. The firm raised its target on shares to $30 from $15.
• Gymboree (NASDAQ: GYMB) was upgraded to Outperform from Market Perform at FBR Capital.
• DISH Network (NASDAQ: DISH) was upgraded to Outperform from Market Perform at Wells Fargo.
• Baytex Energy (NYSE: BTE) was upgraded to Sector Outperformer from Sector Performer at CIBC.

Continue reading Analyst upgrades, downgrades and initiations: ADP, DELL, DISH, HPQ, M, PER, VMC ...

Analyst upgrades, downgrades and initiations: ADP, DELL, DISH, HPQ, M, PER, VMC ... originally appeared on BloggingStocks on Tue, 22 Sep 2009 11:30:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Banc of America initiated the Metals and Mining sector with an Equal Weight rating and believes investors should take a selective approach to stocks in the group. The firm initiated Alcoa (NYSE: AA) and RTI International Metals (NYSE: RTI) with Buy ratings and a $44 target and $41 target, and started Allegheny Tech (NYSE: ATI), Century Aluminum (NASDAQ: CENX) and Titanium Metals (NYSE: TIE) with Neutral ratings and a $64 target, $58 target and $12 target, respectively.
  
• Lamar Advertising (NASDAQ: LAMR) was initiated at Caris with an Above Average rating and $40 target. Caris is positive on the company's North American focus and exposure to the aggressive deployment of digital boards.
  
• Stanford believes Rigel Pharma's (NASDAQ: RIGL) lead drug R788 has the potential to be the first oral drug for rheumatoid arthritis and expects clinical news flow and partnerships to serve as catalysts. Shares were initiated with a Buy rating and $30 target.

• Thomas Weisel assumed Salesforce.com (NYSE: CRM) with an Overweight rating and $90 target.
  
• International Flavors (NYSE: IFF) was initiated at Lehman with an Underweight rating.
  
• JP Morgan started Ares Capital (NASDAQ: ARCC) with an Underweight rating.

Analyst initiations: AA, ATI, CRM, LAMR and RIGL originally appeared on BloggingStocks on Tue, 22 Jul 2008 12:12:00 EST. Please see our terms for use of feeds.

RTI International Metals (NYSE:RTI), a producers of titanium used in the composition of products in the aerospace, industrial & medical sector. RTI is recently down $2.85 to $81.54 on consumption demand interruptions affiliated with BA delaying its 787 Dreamliner rollout until late 2008. RTI November option implied volatility of 51 is above its 26-week average of 44 according to Track Data, suggesting larger price risks.

Allegheny Tech (NYSE: ATI) a diversified specialty metals producer, is recently down $4.99 to $110.45. ATI has market cap of $11.2 billion. ATI November option implied volatility of 43 is above its 26-week average of 39 according to Track Data, suggesting larger price risks.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update: Specialty metal suppliers moved by BA's 787 Dreamliner delay originally appeared on BloggingStocks on Wed, 10 Oct 2007 16:00:00 EST. Please see our terms for use of feeds.