vca antech posts
FeedPosted Apr 20th 2007 11:22AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Netflix, Inc. (NFLX), Penney (J.C.) (JCP), Palm Inc (PALM), Marriott Intl'A' (MAR)
MOST NOTEWORTHY: Strattec Security Corp (STRT), Palm, Inc (PALM), Netflix, inc (NFLX), J.C. Penney Co, Inc (JCP) and Marriott International Inc (MAR) were some of today's noteworthy upgrades:
- Shares of Palm, Inc (NASDAQ: PALM) were raised to Equal Weight from Underweight at Lehman Bros.
- Banc of America upgraded Netflix Inc (NASDAQ: NFLX) to Neutral from Sell based on valuation.
- J.C. Penney Co Inc (NYSE: JCP) was raised to Strong Buy from Accumulate with a $105 target at Buckingham, citing strategic merchandise, flow and cycle-timing initiatives.
- Wachovia believes that as the lodging cycle matures, Marriott International's (NYSE: MAR) diversified fee-based, unit-driven model will outperform relative to pure hotel-owned companies, and upgraded shares to Outperform from Market Perform.
OTHER UPGRADES:
- Goldman Sachs upgraded CNOOC Ltd (NYSE: CEO) to Buy from Neutral.
- Oppenheimer upgraded Playtex Products, Inc (NYSE: PYX) to Buy from Neutral on its acquisition of Tiki Hut, strong fundamentals and realistic investor expectations.
- Shares of VCA Antech, Inc (NASDAQ: WOOF) were upgraded to Outperform from Market Perform at Morgan Keegan.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Apr 12th 2007 11:11AM by Kevin Shult (RSS feed)
Filed under: Analyst upgrades and downgrades, Good news, PepsiCo (PEP), Kraft Foods'A' (KFT)
MOST NOTEWORTHY: Kraft Foods, Inc (KFT), Healthways, Inc (HWAY), PepsiCo (PEP) and Lam Research Corp (LRCX) were some of today's more noteworthy upgrades:
- Morgan Stanley upgraded shares of Kraft Foods Inc (NYSE: KFT) to Equal Weight from Underweight on valuation. UBS upgraded shares to Buy from Neutral on expectations the company may benefit from a purchase of Cadbury Schweppes' (CSG) confectionary unit; UBS believes Kraft could purchase Cadbury's confectionery unit for $20.8B and still see 7% accretion in 2008.
- Elsewhere, Goldman Sachs upgraded Healthways Inc (NASDAQ: HWAY) to Neutral from Sell on valuation.
- Bernstein raised PepsiCo's (NYSE: PEP) rating to Outperform from Market Perform with a $77 target, expecting the soft-drink maker to outperform rival Coca-Cola (KO) by more than 10% over the next year.
- Citigroup upgraded Lam Research Corp (NASDAQ: LRCX) to Hold from Sell to reflect a more bullish 2-3 year memory capex view and the firm believes customers of Samsung/Hynix continue to have an upward bias.
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Posted Jan 5th 2007 12:10PM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst initiations,
MOST NOTEWORTHY: Pfizer and Flextronics Int'l topped today's list of initiations.
- Goldman reinstated Pfizer Inc (NYSE: PFE) with a Buy rating and $30 target; they are positive on Pfizer's valuation, low binary risk, high dividend yield and potential new initiatives.
- UBS started Flextronics Int'l (NASDAQ: FLEX) with a Buy rating and $14 target; the firm said Flextronics's RoIC expansion potential is under appreciated by the Street.
OTHER INITIATIONS:
- JP Morgan initiated VCA Antech (NASDAQ: WOOF) with an Overweight rating; the firm said pet demographic trends are positive and that upside potential will come from its strong acquisition pipeline.
- Bank of America initiated aQuantive Inc (NASDAQ: AQNT) with a Neutral rating and $25 target on valuation.
- Nollenberger started four video game companies: Activision Inc (NASDAQ: ATVI), Electronic Arts (NASDAQ: ERTS) and THQ Inc. (NASDAQ: THQI) with Buy ratings and Take-Two Interactive Software (NASDAQ: TTWO) with a Neutral rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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