Posts for Ticker ‘ADBL’

Top 10 Pre-Market Analyst Calls (AXP, COF, DFS, ADBL, RATE, BRCM, CVC, CRL, CVD, GME, HAL, PALM, STI)

These are not the only upgrades and downgrades affecting shares in pre-market trading today, but these are the initial calls that 247WallSt.com is focusing on:

  • American Express (NYSE: AXP), Capital One (NYSE: COF), and Discover Financial (NYSE: DFS) downgraded to Sell at UBS.
  • Audible (NASDAQ: ADBL) downgraded to Market Perform at JMP Securities; downgraded to Hold at Jefferies.
  • Bankrate (NASDAQ: RATE) downgraded to Hold at Citigroup; downgraded to Neutral at Merriman Curhan Ford.
  • Broadcom (NASDAQ: BRCM) downgraded to Neutral from Overweight at JPMorgan.
  • Cablevision (NYSE: CVC) raised to Buy from Hold at Deutsche Bank.
  • Charles River (NYSE: CRL) and Covance (NYSE: CVD) raised to Buy from Neutral at UBS.
  • Gamestop (NYSE: GME) raised to Buy from Hold at Citigroup.
  • Halliburton (NYSE: HAL) raised to Overweight from Neutral at JPMorgan.
  • Palm (NASDAQ: PALM) raised to Overweight from Underweight at JPMorgan.
  • SunTrust (NYSE: STI) downgraded to Underperform from Neutral at Robert W. Baird.

Jon C. Ogg
February 4, 2008

Posted on: February 4, 2008 – 7:16 am in Analyst Calls, , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ADBL, GOOG, LOW, MXIM, MEDX, MS, MOT, OI, TIVO, DIS)

Below are ten of the top analysts calls that247WallSt.com is looking at this morning:

  • Audible (NASDAQ: ADBL) downgraded to Hold from Buy at Citigroup.
  • Google (NASDAQ: GOOG) downgraded to Hold from Buy at Jefferies.
  • Lowe’s (NYSE: LOW) downgraded to Hold from Buy at Citigroup.
  • Maxim Integrated (NASDAQ: MXIM) downgraded to Hold from Buy at Jefferies.
  • Medarex (NASDAQ: MEDX) raised to Neutral from Sell at Banc of America.
  • Morgan Stanley (NYSE: MS) downgraded to Neutral from Buy at Goldman Sachs.
  • Motorola (NYSE: MOT) raised to Buy at Citigroup.
  • Owens-Illinois (NYSEO: OI) raised to Buy from Hold at Deutsche Bank.
  • TiVo (NASDAQ: TIVO) downgraded to Underperform from Market Perform at FBR.
  • Walt Disney (NYSE: DIS) raised to Outperform from Market Perform at Oppenheimer.

Jon C. Ogg
February 1, 2008

Posted on: February 1, 2008 – 7:43 am in Analyst Calls, , , , , , , , , ,

Amazon.com Sees Greatness In Audible (AMZN, ADBL)

Audible Inc. (NASDAQ: ADBL) is finally being acquired.  Amazon.com (NASDAQ: AMZN) will pay some $11.50 per share of Audible in an all-cash buyout.  Including Audible’s cash on hand, this transaction is valued at roughly $300 million. 

If any company needed to be acquired in the digital media for books, magazines, newspapers, radio, TV, and other content distribution, it was Audible.  The company has its Audible.com service in the U.S. that has been around since the late-1990’s for subscriptions, and the service also offers sites specifically for the U.K., France, and Germany.

When you consider that Amazon.com is taking on Apple (NASDAQ: AAPL) over iTunes and is launching its Kindle eBook reader, we wouldn’t expect this to be the only small media company that Amazon.com (or others) look at, although not all the buyouts in the sector will be of public companies.

Jon C. Ogg
January 31, 2008

Posted on: January 31, 2008 – 7:19 am in Internet, Media, Mergers and Buy Outs, ,