Posts for Ticker ‘EV’

Top Analyst Downgrades (BLKB, CTXS, DSCO, EV, FII, LUV)

These are some of the analyst downgrades and cautious research calls we have seen early this Tuesday morning on Wall Street:

Blackbaud (BLKB) Cut to Hold at Jefferies.
Citrix Systems (CTXS) Cut to Perform at Oppenheimer.
Discovery Labs (DSCO) Cut to Underperform at Jefferies.
Eaton Vance (EV) Cut to Underweight at JPMorgan.
Federated Investors (FII) Cut to Underweight at JPMorgan.
Southwest Air (LUV) Cut to Sell at Argus.

JON C. OGG

Top Analyst Downgrades (CTXS, DSCO, EV, FII, FPL, RAX)

These are this Monday’s top pre-market analyst downgrades and cautious research calls from Wall Street with more than two hours until the market opens:

Citrix Systems (CTXS) Cut to Perform at Oppenheimer.
Discovery Labs (DSCO) Cut to Underperform at Jefferies.
Eaton Vance (EV) Cut to Underweight at JPMorgan.
Federated Investors (FII) Cut to Underweight at JPMorgan.
FPL Group (FPL) Cut to Underperform at Credit Suisse.
Rackspace (RAX) Cut to Neutral at Goldman Sachs.

JON C. OGG

California Muni Bond Funds Defy Hangman (AB, BLK, EV, MS, AKP, BCK, RAA, BFZ, BCL, BJZ, MUC, CEV, EVM, CCA, IIC, IQC, ICS, NUC, NVX, NAC, NZH, NXC, PZC, PCK)

Burning Money PicIt seems that even the Governator is having a hard time saving California, and many are blaming him for the state’s ballooning budget deficit.  The company is facing billions in deficits and the headlines around the web put the state only weeks away from a financial meltdown.  The state entered another moratorium for foreclosures, yet ask anyone from outside of the state if they think property has yet to get dirt cheap there.  There are probably 20 or so single-state closed-end municipal bond funds that investors own.  These come from AllianceBernstein Holding L.P. (NYSE: AB), BlackRock, Inc. (NYSE: BLK), Eaton Vance Corp. (NYSE: EV), Morgan Stanley (NYSE: MS), Nuveen, and PIMCO.  Interestingly enough, most of these municipal bond funds are up on the day.  This is also not the full list in the entirety of the California single-state muni funds and does not include the open-ended funds:
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Top Pre-Market Analyst Upgrades (BNI, CERN, DECK, EV, HWAY, IPAR, NSC, RF)

There were other upgrades but these are the ones we are seeing having an impact on shares this morning:

  • Burlington Northern (BNI) Raised to Buy at UBS.
  • Cerner (CERN) Started as Outperform at Morgan Keegan.
  • Deckers Outdoor (DECK) Started as Overweight at Thomas Weisel.
  • Eaton Vance (EV) Raised to Buy Goldman Sachs.
  • Healthways (HWAY) Raised to Neutral at Goldman Sachs.
  • Inter Parfums (IPAR) Raised to Outperform at Oppenheimer.
  • Norfolk Southern (NSC) Raised to Buy at UBS.
  • Regions Financial (RF) Raised to Outperform at KBW.

Jon C. Ogg
September 10, 2008

Top 10 Pre-Market Analyst Calls (ABB, CAH, EV, FAST, GE, MMC, PETM, SPW, V)

These are not the only analyst calls being seen this Monday in pre-market hours, but these are the top calls that 247WallSt.com is focusing on so far this morning:

  • ABB (NYSE: ABB) cut to Equalweight From Overweight at Lehman.
  • Cardinal Health (NYSE: CAH) removed from Conviction Buy List but maintained Buy at Goldman Sachs.
  • Eaton Vance (NYSE: EV) Raised to Neutral from Underweight at JPMorgan.
  • Fastenal (NASDAQ: FAST) Cut to Neutral from Buy at Piper Jaffray.
  • General Electric (NYSE: GE) downgraded to Perform from Outperform at Oppenheimer; cut to Peer Perform from outperform at Bear Stearns.
  • Marsh & McLennan (NYSE: MMC) Raised to Outperform at KBW.
  • PETsMART (NASDAQ: PETM) raised to Buy from Neutral at Banc of America.
  • SPX Corp (NYSE: SPW) cut to Hold at Deutsche Bank.
  • Visa (NYSE: V) started as Outperform at KBW.

Jon C. Ogg
April 14, 2008