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FeedPosted Mar 20th 2008 10:49AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, US Airways Group (LCC), Amgen Inc (AMGN), Contl Airlines'B' (CAL), Delta Air Lines (DAL)
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MOST NOTEWORTHY: The airline sector, Siemens and Internap were today's noteworthy downgrades:
- Lehman downgraded the airline sector to Neutral from Positive, citing higher fuel costs and the weakening economy. AirTran (NYSE: AAI) and U.S. Airways (NYSE: LCC) were downgraded to Equal Weight from Overweight. UBS said it can no longer recommend airline stocks due to weakening economy, high fuel prices, and less likely industry consolidation. The firm downgraded Continental Airlines (NYSE: CAL), Delta Air Lines (NYSE: DAL), Northwest Airlines (NYSE: NWA) and U.S. Airways to Neutral from Buy.
- Goldman removed shares of Siemens (NYSE: SI) from their Conviction Buy List as they believe the company may book additional charges of $1.2B this year.
- Jefferies cut Internap (NASDAQ: INAP) to Underperform from Buy as they believe the 10-K filing delay and revenue quality questions reduce visibility into the health of the business.
OTHER DOWNGRADES:
Posted Jul 3rd 2007 10:31AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Yum Brands (YUM), Analyst initiations
MOST NOTEWORTHY: Kenexa Corp (KNXA), CACI International (CAI), SI International (SINT), Tyco Electronics (TEL) and YUM! Brands (YUM) were today's noteworthy initiations:
- ThinkEquity started Kenexa Corp (NASDAQ: KNXA) with an Accumulate rating, citing the company's attractive business model that can deliver high-value, high-margin content, but questions the company's plans to compete with best-of-breed vendors.
- Banc of America initiated CACI International (NYSE: CAI) with a Neutral, citing the challenging budget environment and margin trends.
- Banc of America believes shares of SI International (NASDAQ: SINT) offers a compelling risk/reward given the improving civilian funding environment and upside potential from recent M&A activity, and assumed coverage with a Buy rating and $38 target.
- Tyco Electronics (NYSE: TEL) was started with a Hold rating at Deutsche Bank, citing risks to the company's potential turnaround.
- Yum! Brands (NYSE: YUM) was re-initiated with an Outperform rating at Friedman Billings on valuation and considers any stock price weakness from the increased costs as a buy opportunity.
OTHER INITIATIONS:
- Banc of America assumed the following Government IT Services companies with Buy ratings: SRA International (NYSE: SRX) and SI International.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Apr 18th 2007 11:24AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Yahoo! (YHOO), International Business Machines (IBM), TD AmeriTrade Holding (AMTD), Wendy's Intl (WEN)
MOST NOTEWORTHY: IBM Corp (IBM), Wendy's Internatioanl (WEN), Yahoo! (YHOO), Western Digital Corp (WDC) and TD AmeriTrade Holding Corp (AMTD) were today's noteworthy downgrades.
- IBM Corp (NYSE: IBM) was cut to Neutral from Buy at Goldman to reflect the slowdown in domestic technology spending. Credit Suisse downgraded shares of IBM Corp to Neutral from Outperform and ThinkEquity cut IBM to Accumulate from Buy on the same rationale.
- Needham downgraded Yahoo! (NASDAQ: YHOO) to Hold from Buy on valuation and the firm's belief that the 2H07 acceleration implied in consensus revenue forecasts could be difficult to exceed given the recent slowdown in display ad growth.
- WR Hambrecht downgraded shares of Western Digital (NYSE: WDC) to Hold from Buy as the firm believes there could be more downside to forward estimates given the aggressive pricing and softer demand environment. The firm sees too many industry risks following Seagate Technology's (STX) earnings conference call.
OTHER DOWNGRADES:
- Raymond James and BMO Capital downgraded U.S. Bancorp (NYSE: USB) to Market Perform from Outperform following its Q1 report.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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