tscdy posts
FeedPosted Nov 17th 2008 12:42PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Dell (DELL), McDonald's (MCD), Walt Disney (DIS), Nokia Corp. (NOK), Alcoa Inc (AA), AutoZone Inc (AZO), Gap Inc (GPS), Analyst Initiations
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Analyst upgrades:
- UBS upgraded McDonald's (NYSE:MCD) to Buy from Neutral based on expectations the it can deliver on 2009 EPS expectations and potential for accelerating share gains.
- Bernstein upgraded Nokia (NYSE:NOK) to Outperform from Underperform on valuation following the company's profit warning. Merrill upgraded shares to Buy from Neutral to reflect valuation and Nokia's new product portfolio. Shares were also upgraded to Hold from Sell at WestLB.
- B. Riley raised UCBH Holdings (NASDAQ:UCBH) to Buy from Neutral to reflect the improved valuation and the company's stronger capital position provided by the US Treasury investment.
- Parexel (NASDAQ:PRXL) was upgraded to Buy from Hold at Jefferies.
- CTS Corp (NYSE:CTS) was lifted to Neutral from Underweight at JP Morgan.
- Hospitality Properties (NYSE:HPT) was upgraded to Equal Weight from Underweight at Morgan Stanley.
Analyst downgrades:
- Soleil downgraded Disney (NYSE:DIS) to Hold from Buy to reflect the weakening macro-economic outlook and their belief consensus estimates may be too high. The firm lowered their target to $23 from $40.
- Merrill downgraded Dell (NASDAQ:DELL) to Neutral from Buy on expectations PC sales will decline next year amid the slowing economy. The firm lowered Dell's target price to $13 from $22.
- Jefferies cut MDS Inc (NASDAQ:MDZ) to Hold from Buy to reflect slowing demand and a lack of catalysts to unlock the company's assets. The firm lowered their target to $10.50 from $15.
- Alcoa (NYSE:AA) was lowered to Neutral from Buy at UBS.
- Tesco PLC (Other OTC:TSCDY) was downgraded at JP Morgan to Underweight from Neutral.
- Merrill downgraded SAP AG (NYSE:SAP) to Neutral from Buy.
- Goldman added Altera (NASDAQ:ALTR) to the Conviction Sell List.
Analyst initiations:
- Citigroup thinks AutoZone (NYSE:AZO) will benefit from the slowdown in car sales and thinks the recent pullback is overdone. Shares were initiated with a Buy rating and $146 target.
- Citigroup also believes Advance Auto Parts (NYSE:AAP) will benefit from the slowdown in car sales and started shares with a Buy rating and $35 target.
- After Sunway (OTCBB:SUWG) reported higher than expected revenue, Roth Capital thinks the company is poised for substantial growth, but the firm thinks its remaining warrants may keep the shares trading at a modest valuation for a significant amount of time. The firm started shares with a Hold rating and $3.60 target.
- Mechel Steel (NYSE:MTL) was initiated with a Neutral rating at Merrill Lynch.
- China Life Insurance (NYSE:LFC) was assumed with a Buy rating at UBS.
- Gap (NYSE:GPS) was started at Cowen with a Neutral rating.
Posted Apr 4th 2008 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Dell (DELL), Sirius Satellite Radio (SIRI)
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MOST NOTEWORTHY: Riverbed Technology, Sirius Satellite and ASML Holdings were today's noteworthy downgrades:
- Deutsche Bank downgraded shares of Riverbed Technology (NASDAQ: RVBD) to Hold from Buy after it negatively preannounced to reflect economic conditions and the company's lack of visibility.
- Credit Suisse said shares of Sirius Satellite (NASDAQ: SIRI) are trading near fair value and that shares will probably trade in a range between mid-$2s to $3 in 2008. Shares were downgraded to Neutral from Outperform.
- JP Morgan lowered ASML Holdings (NASDAQ: ASML) to Neutral from Overweight as they believe chip manufacturing equipment orders are suffering from the weak DRAM memory market.
OTHER DOWNGRADES:
- Dell (NASDAQ: DELL) was cut at Goldman to Neutral from Buy.
- Tesco PLC (OTC: TSCDY) was downgraded to Hold from Buy at Societe Generale.
- RBC Capital cut Radware (NASDAQ: RDWR) to Sector Perform from Outperform.
Posted Feb 11th 2008 10:12AM by Laurie Pasternack (RSS feed)
Filed under: Analyst Initiations
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MOST NOTEWORTHY: Targeted Genetics, Tesco and The9 were today's noteworthy initiations:
- Rodman initiated Targeted Genetics Corporation (NASDAQ: TGEN) with a Market Perform rating, citing lack of key near-term drivers and the absence of definitive proof-of-concept data for its lead arthritis program.
- ING assumed Tesco Plc (OTC: TSCDY) with a Buy rating, citing the company's growing international business.
- Piper initiated The9 Limited (NASDAQ: NCTY) with a Neutral rating and $21 target, citing limited visibility around the company's FY08 and FY09 game releases and a higher risk profile than peers.
OTHER INITIATIONS:
Posted Sep 24th 2007 10:25AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Motorola (MOT), EMC Corp (EMC)
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MOST NOTEWORTHY: EMC Corporation, Tesco PLC, SL Green Realty, Ariba and Motorola were today's noteworthy upgrades:
- EMC Corporation (NYSE: EMC) was upgraded to Outperform from Peer Perform at Bear Stearns on valuation. Shares were also upgraded to Buy from Hold at Citigroup after coming off restriction to reflect the long-term benefits of virtualization and valuation.
- Tesco (OTC: TSCDY) was upgraded to Buy from Hold at Citigroup on valuation and the company's growth prospects.
- SL Green Realty Corporation (NYSE: SLG) was upgraded to Buy from Hold at Keybanc based on valuation. The firm views concerns regarding NYC office demand as overblown.
- Cowen expects FY07 to be a tough year for Ariba Inc (NASDAQ: ARBA) as benefits from the on-demand subscription model are realized. The firm upgraded shares to Outperform from Market Perform.
- Motorola Inc (NYSE: MOT) was upgraded to Outperform from Sector Perform at RBC Capital citing firming trends in its handset division.
OTHER UPGRADES:
Posted Aug 27th 2007 4:45PM by Kevin Shult (RSS feed)
Filed under: Launches, Industry, Competitive Strategy, Wal-Mart (WMT), Home Depot (HD), Marketing and Advertising, Target Corp. (TGT), Costco Wholesale (COST), Lowe's Cos (LOW)
The
Financial Times (subscription required)
reports that
Wal-Mart (NYSE:
WMT) is considering acquisitions in the U.S. as it attempts to broaden its reliance on its 2,300 colossal "Supercenters" for future growth, citing a job posting that requests an executive to assess the "strategic implications of any possible M&A on our overall portfolio."
This is Wal-Mart's first attempt in more than 25 years to acquire a company in its own backyard. The move is seen as a response to the upcoming opening of
Tesco's (OTC:
TSCDY) "Fresh & Easy" grocery markets in the United States. Tesco's smaller neighborhood grocery markets cover 10,000 square feet of selling space, compared to Wal-Mart's Supercenters, which dominate the landscape with 187,000 square feet. Wal-Mart also has discount stores without groceries that average 107,000 square feet.
Continue reading Wal-Mart fears Tesco's potential
Posted Aug 27th 2007 10:40AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Bad News, Safeway Inc (SWY), Stocks to Sell
MOST NOTEWORTHY: dELiA's Inc. (DLIA), Hearst-Argyle TV (HTV) and Safeway (SWY) were today's noteworthy downgrades:
- Friedman Billings downgraded dELiA's Inc (NASDAQ: DLIA) to Market Perform from Outperform citing the difficult near-term environment.
- Deutsche Bank would use Hearst-Argyle TV's (NYSE: HTV) tender offer for the remaining shares of HTV at $23.50 as an opportunity to sell shares and cut the stock to Hold from Buy.
- Merrill cut Safeway (NYSE: SWY) shares to Sell from Neutral citing the slowing California economy and the potential threat from Wal-Mart (NYSE: WMT) entering the California market with its new Tesco (OTC: TSCDY) format...
OTHER DOWNGRADES:
- Vimicro (NASDAQ: VIMC) was cut to Underweight from Equal Weight at Morgan Stanley.
- Citigroup downgraded Samsung to Hold and Hynix Semiconductor to Sell.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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