Posts for Ticker ‘CMA’

Top Analyst Upgrades and Downgrades (AMD, CMA, EGO, INTC, NVO, OMX, POT, PAYX, RTP, SAP, SPLS)

These are Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

Advanced Micro Devices (NYSE: AMD) Raised to Outperform at FBR.
Comerica (NYSE: CMA) Raised to Outperform at BMO Capital.
Eldorado Gold (NYSE: EGO) Raised Target to $19.25 from $17.25 at Raymond James.
Intel Corporation (NASDAQ: INTC) Raised to Buy at ThinkEquity; Reiterated Buy and $29 Target at Broadpoint AmTech; Target Raised to $30 from $27 at Credit Suisse.
Novo Nordisk AS (NYSE: NVO) Cut to Hold at Jefferies.
OfficeMax Inc. (NYSE: OMX) Raised to Outperform at JPMorgan.
Potash Corp. (NYSE: POT) Raised Target to $150 from $125 at RBC Capital.
Paychex, Inc. (NASDAQ: PAYX) Cut to Sell at Janney Montgomery Scott.
Rio Tinto plc (NYSE: RTP) Cut To Hold at Citigroup.
SAP AG (NYSE: SAP) Cut to Equal-Weight at Morgan Stanley.
Staples, Inc. (NASDAQ: SPLS) Raised to Outperform at JPMorgan.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG

Posted on: January 15, 2010 – 8:48 am in Analyst Calls, Trading Alert, , , , , , , , , , ,

Very Mixed Analyst Calls in Financial Stocks (GS, MS, BBT, CMA, FITB, PNC, PRSP, STI, WFC)

We are seeing a very mixed picture among the analyst calls this morning over banks and financial stocks.  We are seeing some very positive “BUY” calls and we are also seeing some new “SELL” calls.

Goldman Sachs (GS) Started as Buy at Deutsche Bank.
Morgan Stanley (MS) Started as Buy at Deutsche Bank.
BB&T (BBT) Started as Sell at UBS.
Comerica (CMA) Started as Sell at UBS
Fifth Third Bancorp (FITB) Started as Sell at UBS.
PNC Financial (PNC) Started as Sell at UBS.
Prosperity Bancshares (PRSP) Cut to Underweight at Morgan Stanley.
SunTrust (STI) Started as Sell at UBS.
Wells Fargo (WFC) Started as Sell at UBS.

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

October 8, 2009

Posted on: October 8, 2009 – 7:30 am in Analyst Calls, Banking, Brokerage Firms, Financial Stocks, , , , , , , , ,

Top Analyst Upgrades (COF, CMCSA, CMA, CNXT, CVG, DEPO, DTSI, QSFT, SY, WFC, WEN)

There were many more upgrades than downgrades seen early this Monday morning.  These are top upgrades and positive research calls from Wall Street analysts we have seen so far:

Capital One Financial (NYSE: COF) Raised to Conviction Buy List at Goldman Sachs.
Comcast (NASDAQ: CMCSA) Raised to Outperform at Wells Fargo.
Comerica (NYSE: CMA) Raised to Neutral from Sell at Goldman Sachs.
Conexant Systems (NASDAQ: CNXT) Started as Outperform at Oppenheimer.
Convergsys (NYSE: CVG) Raised to Buy at Citigroup.
Depomed (NASDAQ: DEPO) Started as Buy at Merriman Curhan Ford.
Digital Theater Systems (NASDAQ: DTSI) Raised to Buy at Deutsche Bank.
Quest Software (NASDAQ: QSFT) Raised to Buy at Auriga.
Sybase (NYSE: SY) Started as Buy at BofA/Merrill Lynch.
Wells Fargo & Co. (NYSE: WFC) Raised to Buy at Goldman Sachs.
Wendy’s/Arby’s (NYSE: WEN) Started as Buy at SunTrust Robinson Humphrey.

You can join our open email distribution list which goes out several times per week for reminders of the analyst upgrades and downgrades, top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: October 5, 2009 – 7:23 am in Analyst Calls, Banking, Technology Companies, , , , , , , , , , ,

S&P Looking For More Bank Losses (WFC, CMA, USB, BBT, RF, COF, FITB, HBAN, SNV, WTNY, FAS)

burning-money-picStandard & Poor’s may still have at least some relevance in its debt ratings.  This morning we saw a wave of downgrades at banks by the debt ratings agency on systematic-risk and non-systematic risk.   We tried to shorten this up to the most concise report in rating groups as this is hitting many of the bank stocks pretty hard this morning. Wells Fargo & Co. (NYSE: WFC), Comerica (NYSE: CMA), USBancorp (NYSE: USB), BB&T Corp. (NYSE: BBT), Regions Financial Corp. (NYSE: RF), Capital One Financial Corp. (NYSE: COF), Fifth Third Bancorp (NASDAQ: FITB), Huntington Bancshares Inc. (NASDAQ: HBAN), Synovus Financial Corp. (NYSE: SNV) and Whitney Holding Corp. (NASDAQ: WTNY) were all in the wave of S&P downgrades.  This news has the extremely volatile Direxion Daily Financial Bull 3X Shares (NYSE: FAS) triple leverage financial sector ETF down 7% at $8.60.
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Posted on: June 17, 2009 – 11:40 am in Analyst Calls, Banking, Financial Stocks, , , , , , , , , , , , , , , , , ,

Top Analyst Upgrades (BBT, CMA, FEIC, GOOG, HBI, HD, LOW, NEM, PLT, ROP, TGT, TSCO, WMT)

These are top pre-market analyst upgrades and positive research notes we have seen from Wall Street early this Wednesday morning:

BB&T (BBT) Raised to Market Perform at KBW.
Comerica (CMA) Raised to Overweight at JPMorgan.
FEI Co. (FEIC) Raised to Buy at Janney Montgomery Scott.
Google (GOOG) Target Raised to $486 from $414 at Goldman Sachs.
Hanesbrands (HBI) Started as Overweight at Thomas Weisel.
Home Depot (HD) Started as Outperform at Baird.
Lowe’s (LOW) Started as Outperform at Baird.
Newmont Mining (NEM) Raised to Overweight at JPMorgan.
Plantronics (PLT) Raised to Overweight at JPMorgan.
Roper Industries (ROP) Raised to Outperform at Oppenheimer.
Target (TGT) Started as Outperform at Baird.
Tractor Supply (TSCO) Started as Outperform at Baird.
Wal-Mart (WMT) Started as Outperform at Baird.

Jon C. Ogg

Posted on: June 3, 2009 – 6:43 am in Analyst Calls, , , , , , , , , , , , ,

Top Analyst Downgrades (AKS, AFL, CMA, DT, FDX, HAL, FITB, KEY, HOT)

burning-money-pic19These are some of the top pre-market analyst downgrades and negative calls we have seen from Wall Street firms with about two hours until the market open this Wednesday morning:

AK Steel (AKS) Cut to Sell at UBS.
AFLAC (AFL) Cut to Underweight at Barclays.
Comerica (CMA) Cut to Hold at Citigroup.
Deutsche Telekom (DT) was downgraded at both Deutsche Bank and JPMorgan after this week’s warning.
FedEx (FDX) Raised to Neutral at BofA-Merrill.
Halliburton (HAL) Cut to Equal Weight at Barclays.
Fifth Third Bancorp (FITB) Cut to Market Perform at BMO.
KeyCorp (KEY) Cut to Hold at Citigroup.
Starwood Hotels (HOT) Cut to Neutral at Baird.

JON C. OGG

Posted on: April 22, 2009 – 6:45 am in Analyst Calls, , , , , , , , ,

UBS Echoes Meredith Whitney: More 2009 Bank Losses (CMA, FHN, FITB, KEY, MI, RF, ZION, BAC, WFC, JPM)

Burning_money_pic_2UBS has a research report out for the banking sector, and the report may take away some thunder from those who are hoping that banks will return to profits sooner rather than later.  This estimates that large banks are likely to report losses in the fourth quarter and next year.  It also notes that many banks need to cut their sacred dividends even further.  Most of these banking stocks are trading lower today.

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Posted on: December 11, 2008 – 1:47 pm in Analyst Calls, Banking, Financial Stocks, , , , , , , , , ,

Top Pre-Market Analyst Downgrades (AA, AZ, ACAS, CAR, CMA, HTZ, KFN, SGMO, TM)

Down_arrow_redThese are the top early bird analyst downgrades we are seeing with more than two hours to the open on this Tuesday morning:

  • Alcoa (NYSE: AA) Cut to Market Perform at FBR.
  • Allianz (NYSE: AZ) Cut to Hold from buy at Citigroup.
  • American Capital (NASDAQ: ACAS) Cut to Market Perform at William Blair; Cut to Hold at BB&T.
  • Avis Budget (NYSE: CAR) Cut to Underweight at Barclays.
  • Comerica (NYSE: CMA) Cut to Hold at Deutsche Bank.
  • Hertz (NYSE: HTZ) Cut to Equal Weight at Barclays.
  • KKR Financial (NYSE: KFN) Cut to Sell at Citigroup.
  • Sangamo Biosciences (NASDAQ: SGMO) Cut to Neutral at Merriman Curhan Ford; Cut to Sell at Piper Jaffray.
  • Toyota (NYSE: TM) Cut to Underweight at HSBC.

Jon C. Ogg
November 11, 2008

Posted on: November 11, 2008 – 7:34 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Upgrades (CMA, FITB, IRM, RF, SPSS, AMTD, THO, TDG)

Money_stack_picThese are some of the top pre-market analyst upgrades we are seeing this Wednesday morning:

  • Comerica (CMA) Raised to Outperform at Bernstein.
  • Fifth Third Bancorp (FITB) Raised to Outperform at Bernstein.
  • Iron Mountain (IRM) Raised to Outperform at Credit Suisse.
  • Regions Financial (RF) Raised to Outperform at Bernstein.
  • SPSS Inc. (SPSS) Raised to Buy at Jefferies.
  • TD Ameritrade (AMTD) Raised to Outperform at Raymond James.
  • Thor Industries (THO) Raised to Neutral at Baird.
  • Transdigm Group (TDG) Raised to Buy at UBS.

Jon C. Ogg
November 5, 2008

Posted on: November 5, 2008 – 8:08 am in Analyst Calls, , , , , , , ,

Financial Downgrades (BAC, BBT, CLMS, CMA, FITB, BEN, STI, VLY)

There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by analysts this morning:

  • Bank of America (BAC) Cut to Underperform at KBW.
  • BB&T (BBT) Cut to Underperform at KBW.
  • Calamos Asset Management (CLMS) Cut to Sell at Goldman Sachs.
  • Comerica (CMA) Cut to Market Perform at KBW.
  • Fifth Third Bancorp (FITB) Cut to Market Perform at KBW.
  • Franklin Resources (BEN) Cut to Neutral at Goldman Sachs.
  • Suntrust Banks (STI) Cut to Underperform at KBW.
  • Valley National Bancorp (VLY) Cut to Underperform at KBW.

Jon C. Ogg
September 10, 2008

Posted on: September 10, 2008 – 6:33 am in Analyst Calls, Banking, Financial Stocks, , , , , , , ,

Upgrades Come to Financials (AXP, COF, CMA, DFS, LEH, PRSP)

These are some of the top analyst calls for the financial services group we have seen in the early hours of trading this Tuesday morning:

  • American Express (NYSE: AXP) raised to Neutral at UBS.
  • Capital One (NYSE: COF) raised to Neutral at UBS.
  • Comerica (NYSE: CMA) raised to Outperform at KBW.
  • Discover Financial Services (NYSE: DFS) raised to Neutral at UBS
  • Lehman Brothers (NYSE: LEH) raised to Overweight with $31 target at Morgan Stanley, although this was technically a late-Monday call.
  • Prosperity Bancshares (NASDAQ: PRSP) raised to Outperform at BMO Capital Markets.

Jon C. Ogg
July 1, 2008

Posted on: July 1, 2008 – 7:14 am in Analyst Calls, Banking, Financial Stocks, , , , , ,

Top 10 Pre-Market Analyst Calls (ACAS, AAPL, CAi, CMA, DBD, GYI, UST, WHQ, YHOO)

These are some of the analyst calls affecting shares this Monday morning:

  • American Capital Strategies (NASDAQ: ACAS) downgraded to Sell at UBS.
  • Apple (NASDAQ: AAPL) raised target to $220 from $200 at RBC.
  • CACI International (NYSE: CAI) raised to Buy at Jefferies & Co.
  • Comerica (NYSE: CMA) raised to Buy at Deutsche Bank.
  • Countrywide (NYSE: CFC) cut tp underperform at FBR.
  • Diebold (NYSE: DBD) raised to Buy at KeyBanc Capital Markets.
  • Getty Images (NYSE: GYI) downgraded to Market Perform at William Blair.
  • UST Inc. (NYSE: UST) raised to Buy at Deutsche Bank.
  • W-H Energy Services (NYSE: WHQ) raised to Buy at Deutsche Bank.
  • Yahoo! (NASDAQ: YHOO) downgraded to Sell at Citigroup.

Jon C. Ogg
May 5, 2008

Posted on: May 5, 2008 – 7:12 am in Analyst Calls, , , , , , , , ,

Baird on Banks (BAC, BBT, CMA, FITB, KEY, MI, MTB, PNC, STI, USB, WB, WFC)

ROBERT W.BAIRD has initiated mostly cautious coverage on Banks and Financials this morning.  Most are Neutral rated, although there are a few Outperform ratings in the coverage group. Here are the initiations.

NEUTRAL ratings initiated on:

  • Bank of America (BAC),
  • BB&T (BBT),
  • Fifth Third (FITB)
  • Keycorp (KEY),
  • Marshall & Isley (MI),
  • SunTrust (STI),
  • US Bancorp (USB),
  • Wachovia (WB),
  • and Wells Fargo (WFC).

OUTPERFORM ratings initiated on:

  • Comerica (CMA),
  • M&T Bank (MTB),
  • and PNC Bank (PNC).

Jon C. Ogg
January 8, 2008

Posted on: January 8, 2008 – 8:28 am in Analyst Calls, Banking, , , , , , , , , , , ,