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sbsh posts

Newell Rubbermaid upgraded across the board

Posted Feb 15th 2007 12:54PM by Eric Buscemi (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Forecasts, Newell Rubbermaid (NWL)

Newell Rubbermaid Inc (NYSE: NWL) held it analyst day with the investment community on Tuesday. Yesterday, Newell was getting upgraded across the board.

We began blogging about the merits of Newell's turnaround back in April when the stock was trading at $26, today the stock is around $31, up 19%. Merrill, Smith Barney and Oppenheimer have raised its price targets to $34-to-$35 price range.

In my opinion, the analysts' price targets are too low. Estimates are for Newell to earn $1.95 per share, but Newell will most likely earn over $2.00. Also, as the company exceeds earnings expectations, the P/E investors are willing to pay will go from 18x to 20x. I see Newell's stock price approaching $40 by the end of 2007.

SBUX receives "buy" upgrade

Posted Jul 20th 2006 4:02PM by Michael Canfield (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Good news, Starbucks (SBUX)

Citigroup analysts have upgraded Starbucks (SBUX) from "hold" to "buy", with a target of $40. Shares are currently trading around $33.50 and the upgrade is based on the recent pullback which gives investors an good opportunity to get in cheap for a longish-term hold. A target of $40 seems to be nice round number for analysts to recommend for this stock over the years I've been following it and $40 would see it reach a value almost achieved in May -- as it continues to bounce around the low-to-mid thirties. On 07 July, UBS downgraded its rating from buy to "neutral" citing disappointing sales results. Starbucks will be reporting for Q3 soon -- on August 2nd.