vq posts
FeedPosted Jun 1st 2009 12:15PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Yahoo! (YHOO), Sara Lee Corp (SLE), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Analyst initiations
Analyst upgrades:
- Deutsche Bank upgraded Portland General Electric (NYSE: POR) to Buy from Hold on valuation as it finds the risk/reward on shares attractive at current levels. The firm raised its target price to $22 from $20.
- FBR Capital upgraded Abercrombie & Fitch (NYSE: ANF) to Outperform from Market Perform after channel checks indicated recent sales are driving increased traffic and easing market share losses. The firm raised its target price on shares to $37 from $21.
- Barclays upgraded Yahoo (NASDAQ: YHOO) to Overweight from Equal Weight as it believes the company is well positioned for a rebound in advertising and that the valuation is compelling at current levels. The firm raised its target on shares to $20 from $15.
- Kohl's (NYSE: KSS) was raised to Overweight from Market Weight at Thomas Weisel.
- U.S. Steel (NYSE: X) and CB Richard Ellis (NYSE: CBG) were upgraded at Goldman to Neutral from Sell.
- Dolby Laboratories (NYSE: DLB) was upgraded at JP Morgan to Overweight from Neutral.
Continue reading Analyst upgrades, downgrades and initiations: ANF, YHOO, X, SLE, OSK ...
Posted Feb 3rd 2009 10:55AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Coach Inc (COH), Mattel, Inc (MAT), QUALCOMM Inc (QCOM), Analyst initiations, SanDisk Corp (SNDK)
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Analyst upgrades:
- HSBC upgraded Royal Bank of Scotland (NYSE: RBS) to Overweight from Neutral as it believes the risk of immediate nationalization has been removed.
- JP Morgan upgraded DTS Inc (NASDAQ: DTSI) to Overweight from Neutral to reflect accretion from the Neural acquisition and its expectation the company can generate strong cash flow during the downturn. The firm raised its target to $18.
- Cowen upgraded Coach (NYSE: COH) to Outperform from Neutral citing the recent sell-off in shares.
- BJ's Wholesale (NYSE: BJ) was upgraded to Buy from Neutral at UBS.
- First Horizon (NYSE: FHN) was upgraded to Overweight from Equal Weight at Morgan Stanley.
- Spartech (NYSE: SEH) was raised to Hold from Underweight at KeyBanc.
Continue reading Analyst upgrades, downgrades and initiations: RBS, COH, BJ, QCOM, SNDK, MAT, MGM ...
Posted Jan 20th 2009 12:10PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
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Analyst upgrades:
- Jefferies upgraded Check Point Software (NASDAQ: CHKP) to Buy from Hold as they believe the recently acquired Nokia security appliance business should drive 2009 revenue and EPS meaningfully higher. The firm raised their target price to $27 from $20.
- Goldman upgraded Motorola (NYSE: MOT) to Buy from Neutral and added shares to its Conviction Buy List. The firm expects shares to outperform even if phones don't given the overly negative value for the business.
- Research in Motion (NASDAQ: RIMM) was upgraded to Outperform from Sector Perform at RBC Capital. The firm cites improving margin visibility and execution, and lowered expectations for the upgrade.
- Ares Capital (NASDAQ: ARCC) was upgraded to Neutral from Underweight at JP Morgan.
- Canadian Pacific (NYSE: CP) was raised at Canaccord to Buy from Hold.
- Lloyds TSB (NYSE: LYG) was upgraded to Buy from Neutral at UBS.
Analyst downgrades:
- JP Morgan downgraded Venoco (NYSE: VQ) to Underweight from Overweight based on valuation and debt concerns.
- UBS downgraded MEMC Electronic (NYSE: WFR) to Neutral from Buy, added shares to the Short-Term Sell List and lowered their target to $14.50 from $20. The firm believes 2009 wafer sales will be much worse than expected.
- Deutsche Bank downgraded SINA (NASDAQ: SINA) to Hold from Buy to reflect integration risks from the recent acquisition of Focus Media's digital OOH assets as they see little room for near-term upside.
- Palm (NASDAQ: PALM) was lowered to Neutral from Overweight at JP Morgan.
- Polo Ralph Lauren (NYSE: RL) was cut to Sell from Neutral at Goldman.
- Telus (NYSE: TU) was downgraded at Banc of America/Merrill to Underperform from Neutral.
Analyst initiations:
- Societe Generale believes HSBC (NYSE: HBC) will need to cut its dividend and raise additional capital in order to strengthen its capital base. Shares were initiated with a Sell rating.
- Citigroup initiated United Technologies (NYSE: UTX) with a Hold rating and $55 target. The firm sees downside risk to the company's guidance and believes consensus estimates could be too high.
- B. Riley assumed Matrixx Initiatives (NASDAQ: MTXX) with a Buy rating and $22 target. The firm finds shares attractively valued and sees limited downside risk from current levels.
- ASML Holding (NASDAQ: ASML) was initiated at Deutsche Bank with a Hold rating.
Posted Apr 17th 2008 11:01AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Regions Financial (RF)
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MOST NOTEWORTHY: Venoco, Newfield Exploration and Regions Financial were today's noteworthy upgrades:
- Jefferies upgraded shares of Venoco (NYSE:VQ) to Buy from Hold on increased confidence in the company's 5%-10% 2008 production growth target.
- Newfield Exploration (NYSE:NFX) was upgraded to Outperform from Market Perform at Friedman Billings. The firm said there has been significant progress in the economics of NFX's Woodford play.
- Citigroup upgraded Regions Financial (NYSE:RF) to Hold from Sell on valuation, as they their concerns are now priced into shares.
OTHER UPGRADES:
Posted Jun 25th 2007 11:01AM by Joseph Lazzaro (RSS feed)
Filed under: SEC filings, Other issues, Deals
Just call it the last equity blast before summer. Wall Street's equity market offers a full schedule this week, as lead managers and companies attempt to capture as much buy-side demand as possible a week before the shorter 4th of July week, which is traditionally the start of a lighter syndicate period on Wall Street.
All told, 11
IPOs and 8 Secondaries are on the docket. Those deals tentatively scheduled to price include:
IPOs:Tuesday
- GSC Acquistion (GGA), a 15M-share IPO for this business financing company. Ladenburg, Thalman & Co. and I-Bankers Securities are the lead managers. Filing price: $10.00.
- Spectra Energy Partners LP (SEP), a 10M-share IPO for this natural gas MLP. Citigroup and Lehman Brothers are the lead managers. Filing range: $19.00-$21.00.
Continue reading IPO & secondary preview -- Week of June 25, 2007
Posted Mar 2nd 2007 11:26AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst initiations, Time Warner Cable (TWC)
MOST NOTEWORTHY: Petrohawk Energy Corp (HAWK), Time Warner Cable Inc (TWC) and GameStop Corp (GME) were today's notable initiations:
- Jefferies initiated Petrohawk Energy Corp (NASDAQ: HAWK) with a Buy rating and $14.50 target, as the firm believes Petrohawk has the right assets to pursue the "acquire-exploit-self" strategy well.
- Bear Stearns started Time Warner Cable (NYSE: TWC) with a Peer Perform rating.
- GameStop Corp (NYSE: GME) was initiated with a Buy rating and $67 target at Nollenberger.
OTHER INITIATIONS:
- AG Edwards initiated Venoco, Inc (NYSE: VQ) with a Buy rating on valuation.
- Credit Suisse started CarMax, Inc (NYSE: KMX) with a Neutral rating and $55 target.
- Jefferies considers Ultra Petroleum Corp (AMEX: UPL) the most dominant company in the Pinedale Anticline, the nation's second largest natural gas field and they expect 2007 to be a pivotal year. The firm initiated Ultra Petroleum with a Buy rating and $64 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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