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Earnings highlights: Abercrombie, Blockbuster, Disney, Macy's, Walmart ...

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • Abercrombie & Fitch Co. (ANF) lower Q3 results still topped expectations and sent shares higher.
  • Applied Materials Inc. (AMAT) posted much better-than-expected Q4 earnings, the first profit in a year.
  • AstraZeneca (AZN) received an analyst's downgrade due to concerns over its earnings prospects.
  • Blackstone Group (BX) received an analyst's upgrade following the company's Q3 results.
  • Blockbuster Inc. (BBI) widened its net loss in Q3 and revenue and same-stores sales declined.
  • Clean Energy Fuels Corp. (CLNE) shares declined after its Q3 numbers fell short of expectations.
  • Consolidated Water Co. Inc. (CWCO) earnings prospects for 2010 earned it an analyst upgrade.

Continue reading Earnings highlights: Abercrombie, Blockbuster, Disney, Macy's, Walmart ...

Analyst initiations: Suntech Power, Premier Exhibitions, homebuilder sector

MOST NOTEWORTHY: Suntech Power, Premier Exhibitions and the Homebuilders Sector were today's noteworthy initiations:
  • Citigroup named Suntech Power Holding (NYSE: STP) their top pick for China solar due to its leading scale and technology roadmap for higher cell efficiency, initiating shares with a Buy rating and $55 target.
  • Merriman believes Premier Exhibitions (NASDAQ: PRXI) can move to the $14.50-$17.00 through the continued monetization of the company's current tours, the launching of additional tours and the value of the Titanic artifacts on hand. The firm started shares with a Buy rating.
  • Lehman initiated D.R. Horton (NYSE: DHI), Ryland Group (NYSE: RYL), Toll Brothers (NYSE: TOL) with Overweight ratings and an $18 target, $31 target and $27 target; KB Home (NYSE: KBH) with an Equal Weight rating and $24 target; and Hovnanian Enterprises (NYSE: HOV) with an Underweight rating and $8 target.
OTHER INITIATIONS:

Analyst downgrades: Golar LNG, Yingli Green Energy, Bill Barrett Corp.

MOST NOTEWORTHY: Golar LNG, Yingli Green Energy and Bill Barrett were today's noteworthy downgrades:
  • Jefferies downgraded shares of Golar LNG (NASDAQ: GLNG) to Hold from Buy on valuation, as they see limited upside over the next 12 months.
  • Banc of America downgraded shares of Yingli Green Energy (NYSE: YGE) to Neutral from Buy on difficult fundamentals, as they believe solar industry gross margins will continue to contract due to silicon competition and decelerating demand in Spain and Germany.
  • SunTrust lowered Bill Barrett Corporation (NYSE: BBG) to Neutral from Buy based on valuation and lack of near-term exploration catalysts.
OTHER DOWNGRADES:

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 04:06 AM

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