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Top Analyst Upgrades & Downgrades (ADTN, AAP, APD, MT, ADP, BKU, BA, CATM, CSH, CVX, C, HGSI, LAMR, MA, RSH, SMG, UBS, VE, V, WFT, BRCM)

Administrator — Thu, 19 Jan 2012 13:14:47 +0000

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

ADTRAN, Inc. (NASDAQ: ADTN) Cut to Hold at Needham Research.
Advance Auto Parts (NYSE: AAP) Raised to Outperform at Credit Suisse.
Air Products and Chemical, Inc. (NYSE: APD) Cut to Neutral at JPMorgan.
Arcelor Mittal (NYSE: MT) Cut to Neutral at HSBC.
Automatic Data Processing. Inc. (NYSE: ADP) Started as Outperform at Credit Suisse.
BankUnited, Inc. (NYSE: BKU) Cut to Neutral at BofA/ML.
Boeing Co. (NYSE: BA) Cut to Sell at Societe Generale.
Cardtronics, Inc. (NASDAQ: CATM) Started as Outperform at Credit Suisse.
Cash America International (NYSE: CSH) Raised to Buy at Sterne Agee.
Chevron Corporation (NYSE: CVX) maintained Buy with $130 target but cut estimates at Argus.
Citigroup, Inc. (NYSE: C) Maintained Sell at Argus.
Human Genome Sciences Inc. (NASDAQ: HGSI) Started as Buy with $14 price target at Maxim.
Lamar Advertising Co. (NASDAQ: LAMR) maintained as Outperform and named as the Bull of the Day at Zacks.
MasterCard Inc. (NYSE: MA) Started as Outperform at Credit Suisse.
RadioShack Corporation (NYSE: RSH) Cut to Underperform at Credit Suisse.
Scotts Miracle-Gro (NYSE: SMG) Cut to Underperform at BMO Capital.
UBS AG (NYSE: UBS) Raised to Overweight at Morgan Stanley.
Veolia Environnement (NYSE: VE) Cut to Neutral at HSBC.
Visa, Inc. (NYSE: V) Started as Outperform at Credit Suisse.
Weatherford International Inc. (NYSE: WFT) named as value stock of the day at Zacks.

Read Also: Jim Cramer touts Broadcom Corporation (NASDAQ: BRCM) as a cheap catch-up semiconductor stock. This creates a chart versus fundamental event in price.

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JON C. OGG

Filed under: Analyst Calls Tagged: AAP, ADP,, ADTN, APD, BA, BKU, BRCM, C, CATM, CSH, CVX, HGSI, LAMR, MA, MT, RSH, SMG, UBS, V, VE, WFT

Top Analyst Upgrades & Downgrades (CATM, CLNE, ENOC, GFI, HAL, HUM, FSLR, WFR, MYL, POT, SINA, RNWK, WDC)

Administrator — Fri, 30 Jul 2010 12:42:58 +0000

These are some of this Friday’s top analyst upgrades and downgrades seen from Wall Street research calls:

Cardtronics Inc. (NASDAQ: CATM) Started as Neutral at UBS.
Clean Energy Fuels Corp. (NASDAQ: CLNE) Cut to Underperform at National Bank.
EnerNOC, Inc. (NASDAQ: ENOC) Started as Outperform at Wells Fargo.
Gold Fields (NYSE: GFI) Started as Sell at Citigroup.
Halliburton Company (NYSE: HAL) Cut to Market Perform at FBR.
Humana Inc. (NYSE: HUM) Raised to Market Perform at BMO.
First Solar, Inc. (NASDAQ: FSLR) Reiterated Buy and raised target to $175 at Auriga.
MEMC Electronic Materials Inc. (NYSE: WFR) Cut to Sell at Wunderlich.
Mylan, Inc. (NASDAQ: MYL) Cut to Perform at Oppenheimer.
Potash Corp. of Saskatchewan (NYSE: POT) Raised to Buy and $124 target at Citigroup; target raised to $120 at UBS.
Sina Corp. (NASDAQ: SINA) Started as Outperform at Macquarie.
RealNetworks (NASDAQ: RNWK) Cut to Market Perform at Morgan Keegan.
Western Digital Corp. (NYSE: WDC) Cut to Underperform at First Global.

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JON C. OGG

Filed under: Analyst Calls Tagged: CATM, CLNE, ENOC, FSLR, GFI, HAL, HUM, MYL, POT, RNWK, SINA, WDC, WFR

Top 10 Pre-Market Analyst Calls (AFL, AXP, ABX, CATM, KSS, LOW, LULU, MDAS, MET, MHS, TNK)

247wallst — Tue, 22 Jan 2008 08:47:39 +0000

It is going to be hard to get traders to care about mere upgrades and downgrades on a day when the Federal Reserve did an inter-meeting emergency rate cut to stave off a 500+ point drop in the DJIA. But here are some of the calls from analysts today:

AFLAC inc. (AFL) raised to Buy from Neutral at Goldman Sachs.
American Express (AXP) downgraded to Hold at Citigroup.
Barrick Gold (ABX) upgraded to Outperform at Credit Suisse.
Cardtronics (CATM) started as Buy at Banc of America; started as Buy at Deutsche Bank; started as Buy at Piper Jaffray.
Kohl’s (KSS) & Lowe’s (LOW) raised to Outperform at Bernstein.
lululemon althletica (LULU) downgraded to Underperform at BMO Capital.
MedAssets (MDAS) started as Buy at Deutsche Bank; started as Neutral at Piper Jaffray; started as Market Perform at Wachovia.
MetLife (MET) downgraded to Neutral from Buy at Goldman Sachs.
Medco Health Solutions (MHS) cut to Neutral at UBS.
Teekay Tankers (TNK) started as Overweight at JPMorgan; started as Hold at Citigroup.

Jon C. Ogg
January 22, 2008

Cardtronics Sets Initial IPO Terms (CATM, DBD, NCR, TDC)

247wallst — Wed, 21 Nov 2007 10:39:46 +0000

Cardtronics Inc. (NASDAQ:CATM) has set the initial range and terms for its IPO. The company is indicated to sell 16.666 million shares of common stock at a price range of $14 to $16 per share, although half of the shares are from the company and half are from senior management and selling shareholders. The underwriting group is rather large: Deutsche Bank, William Blair, Banc of America, JPMorgan, Piper Jaffray, and RBC Capital Markets.

Cardtronics, Inc. claims the world’s largest network of ATMs, with over 31,500 ATMs in merchant locations throughout the U.S., the U.K., and Mexico. Approximately 19,600 of the ATMs are Company-owned and 11,900 are merchant-owned. Over 9,500 of its Company-owned ATMs are under contract with well-known banks to place their logos on those machines and provide surcharge-free access to their customers. Cardtronics also operates the Allpoint network, which sells surcharge-free access to financial institutions that lack a significant ATM network.

outside of the 7-Eleven loss revenues, the company generated pro forma revenues for the 12-months ended Dec. 31, 2006 of $439.3 million and for the 9-months ended Sept. 30, 2007 of $345.7 million. But there is a difference between net and pro forma. Excluding the pro forma effects of the 7-Eleven ATM Transaction, it generated revenues of $293.6 million for the year ended December 31, 2006 and $262.3 million for the 9-months ended September 30, 2007.

The first thing you would say is that this competes against Diebold, Inc. (NYSE:DBD), although the company uses their ATM’s and Diebold actually owns a tiny stake in the company. Diebold is a primary maintenance vendor and Diebold is one of its key ATM suppliers, NCR (NYSE:NCR) is also a primary maintenance vendor and is also an ATM supplier to the company.

We had reviewed this for a potential special situation investing newsletter pick in the past around the filing, but Diebold couldn’t really be looked at as a back-door plays as it didn’t have a significant enough of a stake; and NCR was going through its own special situation in its spin-off of Teradata (NYSE:TDC).

We frequently send out more data to our open and free email distribution list, and we also cover similar situations in the special situation investing newsletter.

Jon C. Ogg
November 21, 2007