xoma posts
FeedPosted Aug 1st 2007 11:16AM by Kevin Shult (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Good news, Apple Inc (AAPL), EMC Corp (EMC), Anadarko Petroleum (APC), Stocks to Buy
MOST NOTEWORTHY: Apple (AAPL), Ariba (ARBA), EMC Corp (EMC), Anadarko Petroleum (APC) and RealNetworks (RNWK) were today's noteworthy upgrades:
- Apple Inc (NASDAQ: AAPL) was upgraded to Buy from Hold with a $160 target at Citigroup following yesterday's pullback; they believe Mac should remain strong through year-end, Q3 consensus estimates look conservative and believe production cuts should not be a surprise.
- Roth Capital upgraded shares of Ariba (NASDAQ: ARBA) to Buy from Hold as they believe shares work higher over then next few quarters; they expect seasonally strong September and December quarters and believe that revenue bottomed last year.
- Goldman added EMC Corp (NYSE: EMC) to its Conviction Buy List, citing Q2 results and multiple product cycles.
- Anadarko Petroleum (NYSE: APC) was raised to Market Perform from Underperform at BMO Capital following better than expected Q2 results and guidance.
- RealNetworks (NASDAQ: RNWK) was upgraded to Hold from Sell at Soleil on valuation after reporting solid Q2 earnings...
OTHER DOWNGRADES:
- PetSmart (NASDAQ: PETM) was upgraded to Outperform from Neutral at Credit Suisse.
- BWS Financial raised Xoma (NASDAQ: XOMA) to Buy from Hold.
- Matrix also raised Raytheon (NYSE: RTN) to Strong Buy from Buy.
- Wachovia upgraded St. Joe Co (NYSE: JOE) to Market Perform from Underperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jan 23rd 2007 11:53AM by Kevin Shult (RSS feed)
Filed under: Before the bell, MasterCard Inc'A' (MA), Analyst initiations
MOST NOTEWORTHY: The Railroad Sector and Obagi Medical (OMPI) were today's most notable initiations:
- Calyon Securities initiated coverage on the following stocks, all with Neutral ratings, including Burlington Northern Santa Fe Corp (NYSE: BNI), Canadian National Railway Co (NYSE: CNI), Canadian Pacific Ltd (NYSE: CP), CSX Corp (NYSE: CSX), Norfolk Southern Corp (NYSE: NSC).and Union Pacific Corp (NYSE: UNP).
- Obagi Medical (NASDAQ: OMPI) was initiated by Baird with an Outperform rating and $13 target; CIBC started the specialty pharmaceutical company with a Sector Outperformer rating and $14 target, saying the company is a pure play in the rapidly-growing aesthetics market and has expectations that the company's growth will accelerate due to the rise in physician-dispensed products.
OTHER INITIATIONS:
- MasterCard Inc (NYSE: MA) was initiated with a Neutral rating at Merrill Lynch.
- Xoma Ltd (NASDAQ: XOMA) was initiated with a Market Outperform rating at Rodman & Renshaw. The firm said XOMA's antibody technology licenses and manufacturing provide an important source of consistent and growing commercial revenues. Additionally, the broker said Raptiva is becoming a more meaningful contributor.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
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Analyst upgrades:
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