Posts for Ticker ‘COWN’

Brokerage Consolidation Begins, Or Not (RODM, COWN)

Broken_money_merger_imageIf you have been waiting for the smaller brokerage firms in the Tier-2 and Tier-3 categories to start merging, it looks like the first shot in the consolidation wars has been fired.  Rodman & Renshaw Capital Group Inc. (NASDAQ: RODM) has made an offer to acquire Cowen Group Inc. (NASDAQ: COWN).  The problem is that Cowen has already said, "Thanks, but no thanks!"

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Posted on: December 8, 2008 – 12:35 pm in Brokerage Firms, Financial Stocks, Mergers and Buy Outs, ,

Top Analyst Upgrades & Downgrades (BIIB, COWN, MYL, PRX, SMBL, TEVA, CBY, CCL, DLB, JCP, JEF, PRSP)

Below are some of the top analyst calls we are seeing from Wall Street firms this Thursday morning:

  • Biogen Idec (BIIB) Raised to Buy at Lazard.
  • Cowen (COWN) Raised to Outperform at KBW.
  • Mylan Labs (MYL) Started as Strong Buy at Needham.
  • Par Pharmaceuticals (PRX) Started as Strong Buy at Needham.
  • Smart Balance (SMBL) Started as Buy at Lazrd.
  • Teva Pharma (TEVA) Started as Strong Buy at Needham.
  • Cadbury Schwepps (CBY) Cut to Sell at Citigroup.
  • Carnival (CCL) Cut to Sell at Deutsche Bank.
  • Dolby Labs (DLB) Cut to Hold at Deutsche Bank.
  • JCPenney (JCP) Cut to Underperform at Merrill Lynch.
  • Jefferies (JEF) Cut to Underperform at KBW.
  • Prosperity Bancshares (PRSP) Cut to Market Perform at KBW.

Jon C. Ogg
September 25, 2008

Posted on: September 25, 2008 – 6:49 am in Analyst Calls, , , , , , , , , , , ,