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Top Analyst Upgrades & Downgrades (AGU, ACAS, CIB, ERTS, KGC, MWA, PCLN, SNY, SIRI)

Administrator — Thu, 05 Aug 2010 12:17:07 +0000

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

Agrium (NYSE: AGU) has seen targets raised at CIBC, Canaccord, and TD.
American Capital (NASDAQ: ACAS) Raised to Hold at Stifel Nicolaus.
Bancolombia (NYSE: CIB) Cut to Underweight at JPMorgan.
Electronic Arts (NASDAQ: ERTS) Raised to Neutral at Devenport.
Kinross Gold Corp. (NYSE: KGC) Raised to Perform at CIBC.
Mueller Water Products (NYSE: MWA) Cut to Neutral at Baird.
Priceline.com Inc. (NASDAQ: PCLN) Raised to Buy with $335 target at Stifel Nicolaus.
Sanofi-Aventis (NYSE: SNY) Reiterated Overweight Overweight (raised EU target) at JPMorgan.
SIRIUS XM Radio Inc. (NASDAQ: SIRI) Raised to Buy with $1.50 target at Wunderlich.

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JON C. OGG

Filed under: Analyst Calls Tagged: ACAS, AGU, CIB, ERTS, KGC, MWA, PCLN, SIRI, SNY

52-Week High Club

247wallst — Mon, 28 Sep 2009 20:42:25 +0000

3Com Corporation (NASDAQ: COMS) rallies over 6% to $5.39 following a positive earnings release on Thursday.

Aspect Medical Systems (NASDAQ: ASPM) rallies over 55% to $11.91 on news that Covidien had agreed to buy the company for $210 million.

Green Mountain Coffee (NASDAQ: GMCR) rallied over 6% today to $75, leading gains among its coffee-vending peers.

BanColombia S.A. (NSYS: CIB) hit a year high of $42.66 on no news but amid a continuing rally in Latin American bank ADRs.

Greenhill (NYSE: GHL) hits a new yearly high of $88.28 as boutique M&A firms continue to benefit from the instability of larger rivals.

Garrett W. McIntyre

Posted in ADR, Autos, Banking, Biotech, Commodities, Cult Stock, Emerging Markets, Financial Stocks, Telecom Tagged: ASPM, CIB, COMS, GHL, GMCR

ETF Launch: Colombia ETF… Really (GXG, EC, CIB)

247wallst — Fri, 06 Feb 2009 15:07:51 +0000

Exchange Traded Funds have been going through some changes. New ETF’s are coming to market while others are de-listing because of lack of interest. Today is marking the launch of an ETF that will allow US investors the first public exchange traded vehicle to get exposure to Columbia. Global X Management Company and Colombian broker InterBolsa S.A.Comisionista de Bolsa have launched the Global X/InterBolsa FTSEColombia 20 ETF (NYSE: GXG). You can probably imagine all the jokes that will be coming for this one, but the Colombian market has for all practical purposes been unavailable to US investors.

This is an NYSE-Arca listed ETF whichseeks to provide investment results that correspond generally to theprice and yield performance of the FTSE Colombia 20 Index.

This index is comprised of a basket of the 20 most liquid securities inthe Colombian market. It is weighted by free-float adjusted marketcapitalization and employs a capping methodology to facilitateregulatory compliance with U.S. investment company tax diversificationrules. The index is also compiled by FTSE Group.

The index includes companies such as oil firm Ecopetrol, banking groupBancolombia, food manufacturer Chocolates, cement producer CementosArgos, and utility firm Interconexion Electrica.

If you search through the ADR list of JPMorgan at ADR.com you will findthat there are hardly even any ADR’s for Colombian stocks which US investors can easilytrade. Ecopetrol SA (NYSE: EC) trades, but it trades less than 40,000shares on average per day and it frequently sees less than 10,000shares in a day. Bancolombia S.A. (NYSE: CIB) does trade more activelyas an ADR, with average volume of over 400,000 shares per day. Therest of the ADR’s look like they are Pink Sheet stocks and veryilliquid.

Jon C. Ogg
February 6, 2009

Posted in ADR, Emerging Markets, ETF Tagged: CIB, EC, GXG