It is actually looking pretty thin out there in the land of analyst upgrades. These are the few upgrades and positive research calls we have seen from Wall Street this Wednesday morning with about two hours until the market open:
Andersons (ANDE) Raised to Buy at Piper Jaffray.
Caterpillar (CAT) Raised to Overweight at JPMorgan.
Celgene (CELG) Raised to Outperform at Bernstein.
Clorox (CLX) Started as Outperform at RBC.
Dendreon (DNDN) Raised to Buy at Merriman Curhan Ford.
JON C. OGG
These are some of the top pre-market analyst upgrades and positive calls we are seeing this Friday morning:
Jon C. Ogg
December 12, 2008
These are some of the top pre-market analyst upgrades we are seeing this Wednesday morning:
Jon C. Ogg
October 8, 2008
The Andersons, Inc. (NASDAQ: ANDE) is making a niche acquisition to fit into its fertilizer operations. It has acquired Douglass Fertilizer & Chemical Inc. as an addition to its Plant Nutrient Group to diversify the group’s product line offering. It will also expand Andersons market "outside the traditional Midwest row crops and into Florida’s rich specialty crops."
Douglass Fertilizer is based in Maitland, Florida and is primarily a specialty liquid nutrient manufacturer, retailer and wholesaler.
Douglass Fertilizer is a specialty liquid nutrient manufacturer and retailer primarily serving Florida and to a lesser degree the Southeastern U.S. and the Caribbean; and it generated revenues of $48 million in 2007.
As fas as a comparison, Andersons Inc. generated some $2.379 Billion in revenues during 2007. Depending upon the expansion that the company can make with a deeper pocketbook, that’s only about a 2% revenue bump.
The Anderson’s market cap is $843 million and with a $46.50 stock price is toward the higher-end of its $38.10 to $52.67 trading range over the last year.
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Jon C. Ogg
April 29, 2008
These are the top ten analyst calls that 247WallSt.com is focusing on in pre-market trading this Tuesday morning:
Jon C. Ogg
February 12, 2008
There are many other impacting analyst calls today, but these are the top calls that 24/7 Wall St. is focusing on:
Jon C. Ogg
November 14, 2007
Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.
Stock Tickers: PEIX, VSE, XNL, ADM, CLNE, ANDE, USBE, AVR
With oil prices remaining high, with politicians noting ethanol ahead of the Iowa caucus, and with OPEC threatening no new development and exploration if we keep pushing toward more and more biofuels, it was pretty amazing to see some of the ethanol stocks within spitting distance of their 52-week lows:
Pacific Ethanol, Inc. (PEIX) $12.90, 52-week low $12.50 (OCT 2006)
Verasun Energy Corp. (VSE) $14.91, 52-week low $14.36 (yesterday)
Xethanol (XNL) $1.35, 52-week low $1.24 (MAY 2007)
Andersons Inc. (ANDE) is not in the boat, with shares at $39.28 and its 52-week low is $31.05. US BioEnergy (USBE) is trading at $12.07, above its $10.78 lows over the last 52-weeks. Aventine Renewable Energy (AVR) is up on the day close to 2% at $17.16, up from its $14.60 low over the last 52-weeks.
Archer Daniels Midland (ADM) is no longer doing its major alternative energy swings and its shares sit down 1.1% at $33.71, with its 52-week lows at $30.20 (JAN 2007). The recent IPO Clean Energy Fuels (CLNE) from T. Boone Pickens might be an ultimate indicator of demand for these shares right now (although, that isn’t ethanol).
If OPEC is out raising cain against biofuels, it has to make any sensible person wonder how much of a shortage there really is. It is true thatthere is actually not a net shortage, but capacity is supposedly maxxed and storm season and summer is always a serious concern to energy prices. But this first sabre rattling out of OPEC essentially against biofuels has to be yet another indicator that biofuels are starting to actually be noticed in downstream shipments by the OPEC nations.
Jon C. Ogg
June 7, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
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