wll posts
FeedPosted Apr 17th 2009 12:30PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Nokia Corp. (NOK), JPMorgan Chase (JPM), Palm Inc (PALM), Intuit Inc (INTU), Analyst initiations
Analyst upgrades:
- Deutsche Bank upgraded AmerisourceBergen (NYSE:ABC) to Buy from Hold on valuation as it views the risk/reward as favorable at current levels. Deutsche raised its target price to $41.50 from $38.
- FBR Capigal upgraded Charlotte Russe (NASDAQ:CHIC) to Outperform from Market Perform following the company's Q2 results on expectations merchandise improvements and cost-cutting efforts will drive continued margin expansion. The firm raised its target on shares to $15 from $10.
- Oppenheimer upgraded Fidelity National (NYS:FIS) to Outperform from Perform as it believes the Metavante (MV) acquisition makes strategic sense and the stock's risk/reward is favorable. The firm's target price is $25.
- First American (NYSE:FAF) was upgraded to Outperform from Market Perform at Keefe Bruyette.
- Nokia (NYSE:NOK) was raised to Neutral from Underweight at JP Morgan.
- Parker-Hannifin NYSE:(PH) was lifted at Wachovia to Outperform from Market Perform.
Continue reading Analyst upgrades, downgrades and initiations: JPM, NOK, PALM, INTU
Posted Jun 17th 2008 12:37PM by Eric Buscemi (RSS feed)
Filed under: Analyst initiations
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MOST NOTEWORTHY: UCN Inc, Astronics and SunTrust Banks were today's noteworthy initiations:
- Merriman expects UCN Inc (NASDAQ: UCNN) to further expand its contact center product set and believes it is likely to be sold to a larger provider expanding within the hosted contact solution market over the longer term. The firm started shares with a Buy rating.
- Jesup & Lamont initiated Astronics (NASDAQ: ATRO) with a Neutral rating. The firm wants to see a change in the backlog visibility and more clarity on the ramp-up schedules of some new programs. For now, they view shares as fairly valued.
- Friedman Billings resumed coverage of SunTrust Banks (NYSE: STI) with an Underperform rating and $37 target and cites credit deterioration and uncertainty regarding credit costs.
OTHER INITIATIONS:
- Whiting Petroleum (NYSE: WLL) was initiated at Wachovia with an Outperform rating.
- Morgan Stanley assumed Imperial Tobacco (NYSE: ITY) with an Overweight rating.
- Suncor (NYSE: SU) was started with an Outperform rating and $80 target at RBC Capital.
Posted Dec 21st 2007 10:20AM by Eric Buscemi (RSS feed)
Filed under: Jones Soda (JSDA), Analyst initiations
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MOST NOTEWORTHY: Jones Soda, Whiting Petroleum and Peregrine Pharma were today's noteworthy initiations:
- Merriman assumed coverage of Jones Soda (NASDAQ:JSDA) with a Neutral rating and believes shares will languish until interim management resets expectations. For FY08, they expect sales to grow 25%-30%, rather than the consensus estimate of 38%.
- Jefferies thinks Whiting Petroleum (NYSE:WLL) is entering a multi-year organic and sees catalysts from the upcoming Bakken well results and positive production response from Enhanced Oil Resources (EOR) projects. The firm started shares of Whiting with a Buy rating and $66 target.
- Rodman & Renshaw initiated shares of Peregrine Pharma (NASDAQ:PPHM) with a Market Perform rating, as they would prefer to establish a position closer to mid-08 when key data from its Cotara Phase II study is expected.
OTHER INITIATIONS:
- Stanford initiated Tercica (NASDAQ:TRCA) with a Buy rating and $10 target.
- Broadpoint initiated Pain Therapeutics (NASDAQ:PTIE) with an Underperform rating.
- Mattel (NYSE:MAT) was initiated with a Hold rating and $22 target at Citigroup.
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
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