Posts for Ticker ‘PETS’

Top 10 Analyst Upgrades and Downgrades (BBBB, CTXS, EXPE, IP, NTAP, NOK, PKG, PETS, TNK, USB)

These are this Tuesday morning’s top ten analyst calls with upgrades, downgrades, and initiations we have seen in early trading from Wall Street firms:

Blackboard (BBBB) Cut to Neutral at BofA/Merrill.
Citrix Systems (CTXS) Cut to Underperform at BofA/Merrill.
Expedia (EXPE) Started as Buy at Deutsche Bank.
International Paper (IP) Raised to Buy at Deutsche Bank.
NetApp (NTAP) Raised to Accumulate at ThinkEquity.
Nokia (NOK) Cut to Hold from Buy at Jefferies.
Packaging Corp (PKG) Raised to Buy at Deutsche Bank.
PetMed Express (PETS) Raised to Overweight at Piper Jaffray.
Teekay Tankers (TNK) Raised to Overweight at JP Morgan.
US Bancorp (USB) Started as Outperform at Credit Suisse.

JON C. OGG
JULY 21, 2009

PetMed Express Becomes Anti-Recession Stock (PETS)

PetMeds Cat and DogPetMed Express Inc. (NASDAQ: PETS) might have been one of those companies you have seen advertising on television. It even had what might been a red flag in that commercial as they are one of the few who have listed its NASDAQ stock ticker at the end.  Yet it has two things going for it.  It is as it sounds, in the pet medication business.  It also offers the same drugs and medications your vets give, but at a cost savings.  Pet owners hate to skimp on Fido and Fifi.  The opportunity of saving money on Fido and Fifi is not out of the norm.  The company did not just report a better-than-expected quarter.  It grew earnings and revenues and  its customer base.
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Top 10 Early Bird Analyst Calls (ARTC, AGO, FDRY, IFF, PETS, PDS, CRM, SNDK, TEF, TXN)

These are ten of the early bird analyst calls we are seeing this Tuesday morning with over 2 hours to the open:

  • ArthroCare Corp. (NASDAQ: ARTC) Cut to Market Perform at William Blair.
  • Assured Guaranty (NYSE: AGO) Cut to Neutral at JPMorgan.
  • Foundry Networks (NASDAQ: FDRY) Cut to Neutral at Piper Jaffray.
  • International Flavors & Fragrances (NYSE: IFF) Started as Underweight at Lehman.
  • PetMed Express (NASDAQ: PETS) Raised to Neutral from Sell at Piper Jaffray.
  • Precision Drilling (NYSE: PDS) Raised to Outperform at CIBC.
  • salesforce.com (NYSE: CRM) Cut to Hold at Citigroup.
  • SanDisk (NASDAQ: SNDK) Cut to Sell at Citigroup.
  • Telefonica (NYSE: TEF) Cut to Neutral at JPMorgan.
  • Texas Instruments (NYSE: TXN) Cut to Neutral at Merrill Lynch.

Jon C. Ogg
July 22, 2008