24/7 Wall St. » BGFV

24/7 Wall St. Closing Bell (CVX, EK, JPM, WSM, INFY, BGFV, MSFT, TGT)

Administrator — Thu, 12 Jan 2012 21:17:58 +0000

Equities had a hard time deciding whether to follow a bull or a bear on Thursday. Retail sales were mixed, but weekly jobless claims rose unexpectedly and the fears are that the weekly jobless claims could start hitting the 400,000 mark again. To top it off, The European Union decided to not lower interest rates despite all of the woes of the continent. A crop report put a dent in agriculture and fertilizer stocks, and earnings warnings left several issuers down considerably. The unofficial closing bells put the DJIA up 21 points to 12,471.02, the NASDAQ rose almost 14 points to 2,724.70, and the S&P 500 rose 3 points to 1,295.50. Today’s analyst upgrades and downgrades are here.

Chevron Corporation (NYSE: CVX) was the surprise warnings in the oil and gas sector, sending shares down 2.6% at $104.91.

Eastman Kodak Company (NYSE: EK) was down after a highlighted Moody’s note signals that even with a patent deal the company could run out of cash in the middle of 2012. Shares were down 18% at $0.66 late in the day.

J.P. Morgan Chase & Co. (NYSE: JPM) fluctuated all day ahead of Friday’s earnings report, where we believe many will try to look at book value and other metrics to try to justify the massive gains in the banking sector since the end of 2011. Shares were up $0.03 at $36.69 a few minutes before the closing bell.

Earnings warnings took a bite, as much as double-digit percentage bites, ou of the following stocks: Williams-Sonoma, Inc. (NYSE: WSM), Infosys Ltd. (NASDAQ: INFY), Big 5 Sporting Goods Corporation (NASDAQ: BGFV).

Microsoft Corporation (NASDAQ: MSFT) managed to hold up a day after management gave a cautious PC market outlook. In analyst calls, it was maintained Outperform but cut target to $34 from $35 at Credit Suisse and it was maintained Hold and lowered estimates at Argus.

Target Corporation (NYSE: TGT) was up 1.4% at $49.73 right before the close on news of a news and expanded $5 billion share buyback plan.

Stay tuned for Friday, particularly since this will be Friday the 13th! Here are Friday’s economic reports to watch:

8:30 AM NOV Trade Balance
8:30 AM DEC Import & Export Prices
9:50 AM JAN Univ. Michigan Sentiment (preliminary)

JON C. OGG

Filed under: 24/7 Wall St. Wire, The Day, Trading Alert Tagged: BGFV, CVX, EK, INFY, JPM, MSFT, TGT, WSM

Top Analyst Upgrades & Downgrades (BGFV, BIIB, ETN, HIG, HGSI, P, REGN, RIMM, RUE, SQNM, VMW, INT)

Administrator — Fri, 26 Aug 2011 12:18:17 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.

Big 5 Sporting Goods (NASDAQ: BGFV) named Bear of the Day at Zacks.
Biogen Idec Inc. (NASDAQ: BIIB) Reiterated Buy with $115 target at Argus.
Eaton Corporation (NYSE: ETN) named as Bull of the Day at Zacks.
Hartford Financial Services Group Inc. (NYSE: HIG) Reiterated Buy but cut target to $26 at Argus.
Human Genome Sciences Inc. (NASDAQ: HGSI) Maintained Outperform but cut target to $27 at Credit Suisse.
Pandora Media, Inc. (NYSE: P) Reiterated Buy and raised target to $19 at BofA/ML.
Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) Cut to Hold at Citigroup.
Research in Motion Ltd. (NASDAQ: RIMM) Raised to Buy at Stern Agee.
rue21, Inc. (NASDAQ: RUE) Raised to Buy at BofA/ML.
Sequenom Inc. (NASDAQ: SQNM) Started as Outperform at William Blair.
VMware Inc. (NYSE: VMW) Raised to Outperform at Pacific Crest.
World Fuel Services Corporation (NYSE: INT) named Value stock of the day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: BGFV, BIIB, ETN, HGSI, HIG, INT, P, REGN, RIMM, RUE, SQNM, VMW

Top Analyst Upgrades & Downgrades (ADS, BSBR, BGFV, C, COST, DK, FSLR, IBKR, JDSU, JNJ, OKE, ORCL, PEP, PCLN, SPR, SBUX, V)

Administrator — Fri, 06 May 2011 12:17:44 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.

Alliance Data Systems Corporation (NYSE: ADS) Cut to Sell at Goldman Sachs.
Banco Santander (Brasil) S.A. (NYSE: BSBR) Raised to Neutral at Credit Suisse.
Big Five Sporting Goods (NASDAQ: BGFV) Maintained Underperform as Bear of the Day at Zacks.
Citigroup Inc. (NYSE: C) Raised to Overweight at Morgan Stanley.
Costco Wholesale Corporation (NASDAQ: COST) Reiterated Buy and raised target to $88 at Argus.
Delek US Holdings Inc. (NYSE: DK) Raised to Neutral at Credit Suisse.
First Solar Inc. (NASDAQ: FSLR) Reiterated Buy with $180 target at Argus.
Interactive Brokers Group (NASDAQ: IBKR) Raised to Outperform as Bull of the Day at Zacks.
JDS Uniphase Corporation (NASDAQ: JDSU) Raised to Buy at Argus.
Johnson & Johnson (NYSE: JNJ) Maintained Neutral at Zacks.
ONEOK Inc. (NYSE: OKE) Raised to Buy at Citigroup.
Oracle Corporation (NYSE: ORCL) Reiterated Outperform and $42 target at Credit Suisse.
Pepsico, Inc. (NYSE: PEP) Raised to Outperform at Credit Suisse.
priceline.com Incorporated (NASDAQ: PCLN) Cut to Neutral at Goldman Sachs; raised estimates and target at BofA/ML.
Spirit AeroSystems Holdings Inc (NYSE: SPR) Cut to Neutral at BofA/ML.
Starbucks Corporation (NASDAQ: SBUX) Reiterated Outperform and $44 target at Credit Suisse.
Visa Inc. (NYSE: V) Reiterated Underperform with $70 target at BofA/ML.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: ADS, BGFV, BSBR, C, COST, DK, FSLR, IBKR, JDSU, JNJ, OKE, ORCL, PCLN, PEP, SBUX, SPR, V

Top 10 Analyst Upgrades and Downgrades (ABX, BGFV, DLR, DISH, HOLX, HGSI, MYGN, PMC, SVNT, TLB)

247wallst — Tue, 04 Aug 2009 11:33:16 +0000

These are ten of the top pre-market early analyst upgrades, downgrades, and initiations we have seen from Wall Street early this Tuesday morning:

Barrick Gold (ABX) Cut to Sector Perform at CIBC.
Big 5 Sports (BGFV) Raised to Neutral from Underweight at Piper Jaffray.
Digital Realty Trust (DLR) Cut to Hold at KeyBanc.
DISH Network (DISH) Raised to Outperform at CRedit Suisse.
Hologic (HOLX) Cut to Hold at Citigroup.
Human Genome (HGSI) Raised to Buy at ThinkEquity.
Myriad Genetics (MYGN) Started as Outperform at William Blair.
Pharmerica (PMC) Cut to Perform at Oppenheimer.
Savient Pharma (SVNT) Cut to Underperform at Jefferies.
Talbots (TLB) Raised to Outperform at FBR.

JON C. OGG
AUGUST 4, 2009

Posted in Analyst Calls Tagged: ABX, BGFV, DISH, DLR, HGSI, HOLX, MYGN, PMC, SVNT, TLB

Top Pre-Market Analyst Downgrades (BGFV, CME, QSII, TUP, SKS)

247wallst — Wed, 17 Sep 2008 07:02:47 +0000

These are some of the negative calls and downgrades we have seen this Wednesday morning:

Big 5 Sporting Goods (BGFV) cut to sell at UBS.
CME Group (CME) cut to market perform at KBW.
Quality Systems (QSII) cut to hold at Jefferies.
Tupperware (TUP) cut to neutral at JPMorgan.
Saks (SKS) started as underweight at JPMorgan.

Jon C. Ogg
September 17, 2008

Pre-Market Analyst Calls (July 13, 2007)

247wallst — Fri, 13 Jul 2007 06:43:45 +0000

AOB started as Outperform at CIBC.
AUY started asOutperform at Credit Suisse.
BGFV cut to Sector Perform at CIBC.
BJ raised to Equal Weight at Lehman.
BLK started as Outperform at Wachovia.
CCL raised to Overweight at JPMorgan.
CHE cut to Hold at Deutsche Bank.
CIT cut to Sector PErform at CIBC.
CREE started as Hold at Deutsche Bank.
DWA started as Buy at Stifel Nicolaus.
EMC cut to Mkt Perform at Morgan Keegan.
FRO cut to Reduce at UBS.
HAL raised to Outperform at Credit Suisse.
HDB started as Buy at Jefferies.
IBN started as Buy at Jefferies.
NATI raised to Overweight at Thomas Weisel.
NDN raised to Buy at Deutsche Bank.
PPDI cut to Hold at Jefferies.
RCL raised to Overweight at JPMorgan.
RNOW started as Hold at Cantor Fitzgerald.
RSH cut to Sell at B of A.
SEB raised to Buy at Jefferies.
SWK started as Neutral at B of A.
SWY raised to Equal Weight at Lehman.
VRSN raised to Buy at Jefferies.
VSCN cut to Mkt Perform at FBR.
WON cut to Sell at Citigroup.
ZBRA raised to Overweight at Thomas Weisel.

Jon C. Ogg
July 13, 2007