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Top Analyst Upgrades and Downgrades (CETV, CQB, CME, CFX, JAZZ, OSG, PII, UBS, WBS)

247wallst — Fri, 26 Jun 2009 11:21:49 +0000

These are the top early-bird analyst calls with upgrades and downgrades seen this Friday morning with over two hours until the market opens:

Central European Media (CETV) Raised to Neutral at JPMorgan.
Chiquita Brands (CQB) Raised to Buy at Janney Montgomery Scott.
CME (CME) Raised to Neutral at JPMorgan.
Colfax (CFX) Raised to Buy ar KeyBanc.
Jazz Pharmaceuticals (JAZZ) Cut to Underweight at Barclays.
Overseas Shipholding Group (OSG) Cut to Market Perform at FBR.
Polaris (PII) Raised to Outperform at RBC.
UBS (UBS) Raised to Outperform at Credit Suisse.
Webster Financial (WBS) Raised to Market Perform at FBR.

Jon C. Ogg
June 26, 2009

Posted in Analyst Calls Tagged: CETV, CFX, CME, CQB, JAZZ, OSG, PII, UBS, WBS

Top Pre-Market Analyst Downgrades (AMZN, DOX, BRY, CNQ, CEO, CFX, DVN, EOG, GGP, MDR, NWS, PCP, SPWRA, SVR)

247wallst — Thu, 06 Nov 2008 07:58:16 +0000

These are some of the many analyst downgrades we have seen on Wall Street this Thursday morning:

Amazon.com (AMZN) Cut to Hold at Citigroup.
Amdocs (DOX) Cut to Neutral at Baird.
Berry Petroleum (BRY) Cut to Sell at Goldman Sachs.
Canadian Natural Resources (CNQ) Cut to Sell at Goldman Sachs.
CNOOC (CEO) Cut to Neutral at Credit Suisse.
Colfax (CFX) Cut to Neutral at Baird.
Devon Energy (DVN) Cut to Market Perform at FBR; Cut to Neutral at Goldman Sachs.
EOG Resources (EOG) Cut to Neutral at Goldman Sachs.
General Growth Properties (GGP) Cut to Neutral at UBS.
McDermott (MDR) Cut to Hold at Jefferies; Cut to Neutral at Credit Suisse.
News Corp. (NWS) Cut to Neutral at JPMorgan.
Precision Castparts (PCP) Cut to Neutral at UBS.
SunPower (SPWRA) Cut to Neutral at Merriman Curhan Ford.
Syniverse (SVR) Cut to Neutral at Baird.

Jon C. Ogg
November 6, 2008

Posted in Analyst Calls Tagged: AMZN, BRY, CEO, CFX, CNQ, DOX, DVN, EOG, GGP, MDR, NWS, PCP, SPWRA, SVR

Colfax Premium IPO Goes Even Higher (CFX)

247wallst — Thu, 08 May 2008 13:57:44 +0000

Colfax Corporation (NYSE: CFX) is seeing a huge reception after its hot IPO came to market today. This IPO priced its shares at $18.00 for an amount of 18,750,000 shares. This was above the $15 to $17 indicated price range.

Of all the shares being sold, 9,039,732 shares were sold by the company and 9,710,268 shares were sold by selling stockholders. The underwriters a 30-day over-allotment option to purchase up to an additional 2,812,500 shares at the IPO price.

The company did something smart here as well by having a rather large underwriting group. The lead underwriters were Merrill Lynch, Lehman Brothers, and UBS Investment Bank; co-managers were Robert W. Baird, Banc of America, Deutsche Bank, and KeyBanc. Based on today’s move, it looks like those shares will probably be exercised.

The company is involved in critical fluid-handling solutions, including the manufacture of positive displacement industrial pumps and valves used in global oil & gas, power generation, marine, naval and a other industrial applications. Colfax posted net income of $64.9 million on $506.3 million in revenues during 2007.

You can join our open email distribution list to hear about other IPO’s, secondaries, spin-offs, and other special situation previews.

Colfax shares are right around $21.00 on more almost 10.7 million shares having traded hands with just over an hour to the close. Shares did open even higher. The high print looks to be $24.00, but the highest we saw right after the open was $23.00.

Jon C. Ogg
May 8, 2008