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Analyst Calls: AEP, CCL, CNI, D, FDX, HAS, INFY, MAT, RCL, S, T, UPS, VZ ...

Analyst Upgrades

  • Dominion (D) to buy from hold at Deutsche Bank.
  • Corinthian Colleges (COCO) to outperform from underperform at RBC Capital.
  • Canadian National (CNI) to sector outperformer from sector performer at CIBC.
  • DragonWave (DRWI) to buy from hold at Jefferies.
  • Infosys (INFY) to overweight from equal weight at Morgan Stanley.
  • SL Green Realty (SLG), Lexington Realty (LXP) and Taubman Centers (TCO) to overweight from neutral at JPMorgan.
  • Sunstone Hotel (SHO) to buy from neutral and Extra Space Storage (EXR) to buy from hold at KeyBanc.

Continue reading Analyst Calls: AEP, CCL, CNI, D, FDX, HAS, INFY, MAT, RCL, S, T, UPS, VZ ...

Analyst Calls: AEO, ARG, AXP, FISV, HAL, HBAN, HOLX, ITMN, MFE, PXC ...

Analyst Upgrades

  • InterMune (ITMN) to outperform from neutral at RW Baird.
  • Huntington Bancshares (HBAN) to buy from neutral at BofA/Merill.
  • Halliburton (HAL), Cloud Peak Energy (CLD), Patriot Coal (PCX) and Consol Energy (CNX) to outperform from market perform at FBR Capital.
  • Post Properties (PPS) to equal weight from underweight at Barclays.
  • Airgas (ARG) to overweight from neutral at Piper Jaffray.
  • Hologic (HOLX) to top pick from sector perform and Sunesis Pharma (SNSS) to outperform from sector perform at RBC Capital.

Continue reading Analyst Calls: AEO, ARG, AXP, FISV, HAL, HBAN, HOLX, ITMN, MFE, PXC ...

Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...

Analyst upgrades:

  • Deutsche Bank upgraded Garmin (NASDAQ: GRMN) to Hold from Sell as it believes the company's second half of 2009 is tracking better than expected due to retailer restocking. Deutsche raised its target on shares to $33 from $15 but thinks Garmin's long-term trends remain unfavorable.
  • Goldman upgraded Fortune Brands (NYSE: FO) to Buy from Neutral citing potential EPS improvement driven by the Home division. Fortune Brands price target to $49 from $45. Note that the firm downgraded General Mills to Neutral from Buy.
  • Oppenheimer upgraded FPIC Insurance (NASDAQ: FPIC) to Outperform from Perform to reflect the company's acquisition of Advocate MD and management's commitment to share repurchases. The firm set a $49 price target on the stock.
  • PPG Industries (NYSE: PPG) and Olin Corp. (NYSE: OLN) were upgraded to Neutral from Sell at UBS.
  • Synovus (NYSE: SNV) was upgraded to Neutral from Underperform at BofA/Merrill.
  • Take-Two (NASDAQ: TTWO) was upgraded to Overweight from Neutral at Piper Jaffray.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...

Analyst calls: AAPL, NCC, NT, TLAB, TTWO, TSCM, HOT, CHK ...

Analyst upgrades:
  • Oppenheimer upgraded shares of National City (NYSE: NCC) to Outperform from Perform on valuation as they believe the bank is not seeing a mass exodus of depositors.
  • Wachovia upgraded Brookfield Infrastructure (NYSE: BIP) to Outperform from Market Perform due to what the firm sees as the company's solid cash flow growth outlook, strong balance sheet, and discounted valuation.
  • Baird upgraded Tellabs (NASDAQ: TLAB) to Outperform from Neutral citing valuation and improving 2009 prospects from 8800, 8600, and 7100 products and better Opex management..
  • Take-Two (NASDAQ: TTWO) was upgraded to Outperform from Neutral at Cowen.
  • UBS raised Nortel Networks (NYSE: NT) to Buy from Neutral.
  • Borg-Warner (NYSE: BWA) was raised to Buy from Hold at Keybanc.
Analyst downgrades:
  • Merriman downgraded shares of TheStreet.com (NASDAQ: TSCM) and Bankrate (NASDAQ: RATE) to Neutral from Buy to reflect concerns about display advertising trends and the company's above average exposure to the financial vertical.
  • Baird downgraded Monaco Coach (NYSE: MNC) to Neutral from Outperform and Thor Industries (NYSE: THO) and Winnebago Industries (NYSE: WGO) to Underperform from Neutral citing valuations and checks that indicate "dreadful" fundamentals.
  • RBC Capital downgraded Apple (NASDAQ: AAPL) to Sector Perform from Outperform citing weakening consumer spending, reduced visibility, and risks to valuation. The company's target was lowered to $140 from $200.

Continue reading Analyst calls: AAPL, NCC, NT, TLAB, TTWO, TSCM, HOT, CHK ...

Analyst downgrades: Anadigics, Crystal River Capital, Canadian Solar

MOST NOTEWORTHY: Anadigics, Crystal River Capital and Canadian Solar were today's noteworthy downgrades:

  • Oppenheimer downgraded shares of Anadigics (NASDAQ: ANAD) to Perform from Outperform on valuation following the recent run-up.
  • Wachovia downgraded Crystal River Capital (NYSE: CRZ) to Market Perform from Outperform citing the uncertain near-term strategic outlook.
  • Broadpoint downgraded shares of Canadian Solar (NASDAQ: CSIQ) to Buy from Strong Buy on valuation following yesterday's rally but raised their target to $45 from $29.

OTHER DOWNGRADES:

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 09:22 PM

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