24/7 Wall St. » CIEN

Top Analyst Upgrades & Downgrades (AIG, BV, BIIB, BX, CIEN, IBM, MCD, NVO, SNDK, SON, LUV, SBUX, SYY, TLAB, UAL)

Administrator — Wed, 04 Apr 2012 12:24:39 +0000

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

American International Group (NYSE: AIG) Raised to Outperform at Bernstein.

Bazaarvoice Inc. (NASDAQ: BV) Started as Neutral at Credit Suisse; Started as Overweight at Morgan Stanley; Started as Buy at Deutsche Bank..

Biogen Idec Inc. (NASDAQ: BIIB) Raised to Buy at Goldman Sachs.

Blackstone Group L.P. (NYSE: BX) added to Top Pick list at Citigroup.

Ciena Corporation (NASDAQ: CIEN) Raised to Overweight at JPMorgan.

International Business Machines Corporation (NYSE: IBM) Cut to Neutral at BofA/ML.

McDonald’s Corporation (NYSE: MCD) removed from Conviction Buy List but maintained as Buy at Goldman Sachs.

Novo Nordisk A/S (NYSE: NVO) Cut to Sell at Deutsche Bank.

SanDisk Corporation (NASDAQ: SNDK) Cut to Outperform at RBC.

Sonoco Products Co. (NYSE: SON) Started as Equal-weight at Barclays.

Southwest Airlines Co. (NYSE: LUV) Raised to Overweight at Barclays.

Starbucks Corporation (NASDAQ: SBUX) Added to Conviction Buy List as Goldman Sachs.

Sysco Corporation (NYSE: SYY) Started as Sell at Goldman Sachs.

Tellabs Inc. (NASDAQ: TLAB) Raised to Neutral at JPMorgan.

United Continental Holdings, Inc. (NYSE: UAL) Cut to Equal-weight at Barclays.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: AIG, BIIB, BV, BX, CIEN, IBM, LUV, MCD, NVO, SBUX, SNDK, SON, SYY, TLAB, UAL

Top Analyst Upgrades & Downgrades (AEO, AAPL, ANGI, ARMH, CIEN, GLUU, AWAY, HALO, JPM, KR, L, QCOM, SSW, VNO, ZNGA)

Administrator — Thu, 08 Mar 2012 13:15:49 +0000

These are some of this Thursday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

American Eagle Outfitters, Inc. (NYSE: AEO) Raised to Conviction Buy List at Goldman Sachs.

Apple Inc. (NASDAQ: AAPL) Reiterated Buy and raised price target to $660 from $600; valuation range raised at Wells Fargo as well.

Angie’s List, Inc. (NASDAQ: ANGI) Started as Buy at Canaccord Genuity.

ARM Holdings PLC (NASDAQ: ARMH) Raised to Overweight at Morgan Stanley.

Ciena Corporation (NASDAQ: CIEN) Raised to Buy at Stifel Nicolaus.

Glu Mobile Inc. (NASDAQ: GLUU) Started as Buy at Canaccord Genuity.

HomeAway Inc. (NASDAQ: AWAY) Started as Hold at Canaccord Genuity.

Halozyme Therapeutics, Inc. (NASDAQ: HALO) Started as Overweight at Barclays.

J.P. Morgan Chase & Co. (NYSE: JPM) raised estimates by Morgan Stanley.

The Kroger Company (NYSE: KR) named as Bull of the Day at Zacks.

Loews Corporation (NYSE: L) named as Bear of the Day at Zacks.

Qualcomm Inc. (NASDAQ: QCOM) Reiterated Buy with $72 target at Argus.

Seaspan Corporation (NYSE: SSW) Cut to Underperform at Credit Suisse.

Vornado Realty Trust (NYSE: VNO) Cut to Hold at Argus.

Zynga Inc. (NASDAQ: ZNGA) Started as Hold at Canaccord Genuity.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AAPL, AEO, ANGI, ARMH, AWAY, CIEN, GLUU, HALO, JPM, KR, L, QCOM, SSW, VNO, ZNGA

Top Analyst Upgrades & Downgrades (ASX, AAPL, BX, BRCM, CIEN, CMA, DELL, DNDN, DANG, GILD, MDT, MOS, EDU, SPIL, TSM)

Administrator — Wed, 22 Feb 2012 13:05:35 +0000

These are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Advanced Semiconductor Engineering, Inc. (NYSE: ASX) Cut to Neutral at BofA/ML.
Apple Inc. (NASDAQ: AAPL) Reiterated Outperform but raised target to $600 at Credit Suisse.
The Blackstone Group LP (NYSE: BX) Raised to Buy at Goldman Sachs.
Broadcom Corporation (NASDAQ: BRCM) Reiterated Buy with $46 target at Argus.
Ciena Inc. (NASDAQ: CIEN) Maintained Buy with $21 target at Argus.
Comerica Inc. (NYSE: CMA) Cut to Sell at Stifel Nicolaus.
Dell Inc. (NASDAQ: DELL) Cut to Neutral at Citigroup; Cut to Hold at Needham.
Dendreon Corporation (NASDAQ: DNDN) Started as Neutral at Citigroup.
E-commerce China Dangdang Inc. (NYSE: DANG) Raised to Outperform at Credit Suisse.
Gilead Sciences Inc. (NASDAQ: GILD) Cut to Market Perform at Bernstein.
Medtronic, Inc. (NYSE: MDT) Cut to Neutral at Credit Suisse.
The Mosaic Co. (NYSE: MOS) Raised to Buy at Canaccord Genuity.
New Oriental Education & Technology Group Inc. (NYSE: EDU) Started as Buy at Jefferies.
Siliconware Precision Industries Co., Ltd. (NASDAQ: SPIL) Cut to Neutral at BofA/ML.
Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE: TSM) Cut to Neutral at BofA/ML.

If you enjoyed the top analyst upgrades and downgrades, you can sign up in the box below to join our morning email list to receive news directly in your inbox each morning. We include major analyst upgrades and downgrades, IPO and M&A news, special situation developments, observations on Warren Buffett and key market gurus, as well as special exclusive feature stories.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AAPL, ASX, BRCM, BX, CIEN, CMA, DANG, DELL, DNDN, EDU, GILD, MDT, MOS, SPIL, TSM

24/7 Wall St. Closing Bell (CSCO, DO, LVS, LULU, PM, SLB, CIEN, COST, SFD, LAYN, KFY, DMAN, AFFY, DANG, IVC, PNCL, TSLA)

Paul Ausick — Thu, 08 Dec 2011 21:08:15 +0000

Stocks opened lower this morning and trailed mostly lower throughout the day. Today’s wholesale inventory reported showed a gain of 1.6% and the initial jobless claims were substantially lower than expectations of 395,000, at 381,000. The two reports probably cancelled each other out as word hit the street that Europe is forecasting weaker growth and that today’s expected interest rate reduction was agreed with less than a unanimous vote by the ECB. The stress test results for European banks were released today, causing shares in some European banks to fall. WTI crude has fallen by more than $2 to $98.33/barrel and Brent crude is also down by about $1.65 at $107.86. Gold is down nearly -2%, at $1,710.40.

The unofficial closing bells put the DJIA down more than 198 points to 11,997.93 (-1.63%), the NASDAQ fell nearly 53 points (-1.99%) to 2,596.38, and the S&P 500 fell -2.11% or nearly 27 points to 1,234.35.

There were several analyst upgrades and downgrades today, including Cisco Systems Inc. (NASDAQ: CSCO) reiterated as ‘buy’ with a price target of $24 at Argus. Other ratings actions today include Diamond Offshore Drilling Inc. (NYSE: DO) started as ‘sell’ with a target price of $70 at Goldman Sachs; Las Vegas Sands Corp. (NYSE: LVS) cut to ‘neutral’ at Janney; Lululemon Athletica Inc. (NASDAQ: LULU) restarted as ‘buy’ at Sterne Agee; Philip Morris International, Inc. (NYSE: PM) cut from ‘buy’ to ‘neutral’ at Nomura; and Schlumberger Ltd. (NYSE: SLB) started as ‘neutral’ at Goldman Sachs.

Here are today’s post-earnings news reactions with prices during the last half-hour of trading: Ciena Corp. (NASDAQ: CIEN) is up 2.7% at $12.23; Costco Wholesale Corp. (NASDAQ: COST) is down -1.3% at $86.33; Smithfield Foods, Inc. (NYSE: SFD) is down -2.6% at $24.29; Layne Christensen Co. (NASDAQ: LAYN) is down -4.1% at $23.61; and Korn/Ferry International (NYSE: KFY) is down -8% at $15.77.

Other standouts from today include the following shares:

DemandTec, Inc. (NASDAQ: DMAN) is up nearly 56% at $13.15. The cloud-software company has accepted a takeover bid from IBM Corp. (NYSE: IBM) of $13.50/share, a 57% premium over yesterday’s closing price.

Affymax, Inc. (NASDAQ: AFFY) is up more than 38% at $8.10. The US FDA has approved the company’s anemia drug for dialysis patients suffering from chronic kidney failure.

E-Commerce China Dangdang Inc. (NYSE: DANG) is up nearly 24% at $5.76. The Chinese e-commerce company has announced that it will issue an e-reader later this month and split content revenue with producers, keeping 40% for itself.

Invacare Corp. (NYSE: IVC) is down more than -25% at $15.39, after posting a new 52-week low earlier today. The medical supplies maker is in danger of having the US FDA close down some of its operations because Invacare has failed to comply with quality standards.

Pinnacle Airlines Corp. (NASDAQ: PNCL) is down about -23% at $1.47, after posting a new 52-week low of $1.40 earlier today. The regional airlines has initiated a program to cut costs and raise liquidity.

Tesla Motors Inc. (NASDAQ: TSLA) is down nearly -3.5% at $30.75. The electric car maker’s stock was downgraded by Morgan Stanley from ‘overweight’ to ‘underweight’ and the target price was slashed from $70 to $44.

Stay tuned for Friday. Here are some noteworthy events on the schedule (all times Eastern):

8:30 a.m. – International trade report for October
9:55 a.m. – Reuters/University of Michigan consumer sentiment report

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: AFFY, CIEN, COST, CSCO, DANG, DMAN, DO, IVC, KFY, LAYN, LULU, LVS, PM, PNCL, SFD, SLB, TSLA

Earnings Season Arrives, Top Earnings Previews For The Week Ahead (NVLS, AA, ADTN, HST, PEP, GOOG, JBHT, JPM, SWY, MAT)

Administrator — Fri, 07 Oct 2011 17:15:40 +0000

They’re Here! Next week will launch the corporate earnings season for the third quarter. The media is going to tell you that this is the most important earnings season in quite some time. The media always says that, but this time it is true because investors want to know whether to still model in growth or whether they need to dig in for a recessionary climate.

24/7 Wall St. has compiled detailed earnings previews for the following companies: Novellus Systems Inc. (NASDAQ: NVLS); Alcoa Inc. (NYSE: AA); ADTRAN Inc. (NASDAQ: ADTN); Host Hotels and Resorts Inc. (NYSE: HST); Pepsico Inc. (NYSE: PEP); Google Inc. (NASDAQ: GOOG); J. B. Hunt Transport Services Inc. (NASDAQ: JBHT); J.P. Morgan Chase & Co. (NYSE: JPM); Safeway Inc. (NYSE: SWY); and Mattel Inc. (NASDAQ: MAT).

Some of these companies will not really seem on the surface to be sector-movers or market-moving companies, but these have been selected because they are the first ones of their peer groups to be reporting earnings.

We have created a detailed earnings preview for each with consensus estimates from Thomson Reuters and added color in on each for investors to see what exactly is worth consideration this earnings season. We have also added in recent price history and named where to look for additonal action (or fallout).

Monday, October 10

Novellus Systems Inc. (NASDAQ: NVLS) is the first chip equipment player to report for this earnings season. it has been a few weeks since we have had earnings reports or guidance in the sector so we will be paying close attention since so many companies that are chip equipment customers have talked down their numbers in recent weeks. Our belief is that expectations are very low for the quarter ahead. Estimates are $0.68 EPS and $311.9 million in revenue; next quarter estimates are $0.50 EPS and $278.5 million in revenue. With shares hovering around $30.00 on Friday, the 52-week range is $25.26 to $41.82 and shares were above $36 in early July. After Novellus reports, we would be watching the following: Applied Materials Inc. (NASDAQ: AMAT), KLA-Tencor Corporation (NASDAQ: KLAC), and Lam Research Corporation (NASDAQ: LRCX).

Tuesday, October 11

Alcoa Inc. (NYSE: AA) has already talked down aluminum prices and we have already seen slowing demand out of China talked about by many sectors. Alcoa keeps maintaining that it can double its business by 2020 and we do not expect that to be changed by management even if it guides lower expectations ahead. Estimates are $0.23 EPS and $6.24 billion in revenue; next quarter estimates are $0.23 EPS and $6.11 billion in revenue. At $9.80 on Friday, the 52-week range is $8.45 to $19.47 and this one was above $16 at the start of July. There are many metals stocks to watch, some in aluminum and some in other metals: Century Aluminum Co. (NASDAQ: CENX), Reliance Steel & Aluminum Co. (NYSE: RS); Kaiser Aluminum Corporation (NASDAQ: KALU); Titanium Metals Corporation (NYSE: TIE); and Nucor Corporation (NYSE: NUE).

Filed under: Calendar, Corporate Governance, Earnings, Earnings Warning, Economy, Editor's Picks Tagged: AA, ADTN, AMAT, BAC, C, CENX, CHH, CIEN, GOOG, HAS, HST, JBHT, JPM, KALU, KLAC, KO, KR, LRCX, LSTR, MAR, MAT, NUE, NVLS, PEP, RS, SWY, TIE, TLAB, WFC

Top Earnings Previews For This Week (BKS, JRJC, DG, DRYS, TFM, ZLC, CIEN, FNSR, HRB, JOSB, CPB, TEA)

Administrator — Mon, 29 Aug 2011 20:27:00 +0000

We have many earnings still dribbling out this week. While none may move the whole market, some may move their underlying sectors. We have tracked earnings estimates, added in price data, and also added in some color on each if applicable. A few of the key earnings below include Barnes and Noble Inc. (NYSE: BKS), Dollar General Corp. (NYSE: DG), Ciena Corporation (NASDAQ: CIEN), Finisar Corporation (NASDAQ: FNSR), H & R Block Inc. (NYSE: HRB), and Campbell Soup Co. (NYSE: CPB).

Be advised that many earnings estimates have not been updated in days and some of these estimates may have already changed.

Tuesday, August 30

Barnes and Noble Inc. (NYSE: BKS) has very few estimates but the company is now under a shadow since it lost Liberty as a bidder even if it got an investment from it. Shares are trading around $ 11.40; the 52-week trading range is $8.45 to $21.06.

China Finance Online Co Ltd. (NASDAQ: JRJC) has too few estimates to count but we are going to watch because the financial information provider is under the China cloud. Shares are trading around $2.84; the 52-week trading range is $2.35 to $8.59.

Dollar General Corp. (NYSE: DG) has estimates of $0.47 EPS and $3.54 billion in revenues. Shares are trading around $33.50 and the 52-week trading range is $26.64 to $35.09. We love this one long-term, but always keep in mind that private equity sellers are an overhang any time the price rises too much.

DryShips Inc. (NASDAQ: DRYS) has estimates of $0.22 EPS; shares are around $3.08 and the year’s range is $2.19 to $6.44. Shares were up double-digits on Monday as it announced the exchange offer of shares by Ocean Rig UDW.

Wednesday, August 31

Fresh Market Inc. (NASDAQ: TFM) has estimates of $0.20 EPS and $273.9 million in revenues. Shares are trading around $34.95, the 52-week trading range is $30.86 to $46.85.

Zale Corp. (NYSE: ZLC) has to be looked at after Tiffany beat so well last week. It has estimates of -$1.53 EPS and $336.65 million in revenues. Shares are trading around $4.75, the 52-week trading range is $1.50 to $6.90.

Thursday, September 1

Ciena Corporation (NASDAQ: CIEN) has been a poor performer in the tech selling and it should be assumed that its outlook will be weak if its peers are any indication. The communications equipment maker has estimates of -$0.21 EPS and $443.3 million in revenues. Shares are trading around $12.10 and the 52-week trading range is $10.33 to $29.24.

Finisar Corporation (NASDAQ: FNSR) has also been battered with tech stocks. It has estimates of $0.21 EPS and $228.3 million. Shares are trading around $18.08, and the 52-week trading range is $12.26 to $46.09.

H & R Block Inc. (NYSE: HRB) has estimates of -$0.39 EPS and $275.1 million in revenues. Shares are trading around $14.95 and the 52-week trading range is $10.13 to $18.00.

Jos A Bank Clothiers Inc. (NASDAQ: JOSB) is very thinly covered but it almost always has a large short interest. The clothier has estimates of $0.67 EPS and $209.7 million in revenues. Shares are trading around $45.99 and the 52-week trading range is $36.41 to $57.14.

Friday, September 2

Campbell Soup Co. (NYSE: CPB) has estimates of $0.37 EPS EPS and $1.57 billion in revenues. Shares are trading around $31.70, the 52-week trading range is $29.69 to $37.59.

Teavana Holdings Inc. (NYSE: TEA) is one that we do not have the research quiet period wrapped up yet but the company will give its first earnings report. At $23.90, the recent post-IPO range is $20.28 to $29.35.

JON C. OGG

Filed under: Calendar, Earnings, The Week Tagged: BKS, CIEN, CPB, DG, DRYS, FNSR, HRB, JOSB, JRJC, TEA, TFM, ZLC

Major After-Hours Stocks On The Move (AMZN, AVL, ILMN, HHH, JNPR, CSCO, CIEN, KEYN, LVS, LLTC, QCOR, TPX)

Administrator — Tue, 26 Jul 2011 21:25:20 +0000

Most of the after-hours movers are on earnings reports this Tuesday evening. We have been tracking moves and added color on the after-market trading in shares of the following: Amazon.com, Inc. (NASDAQ: AMZN), Avalon Rare Metals Inc. (AMEX: AVL), Illumina, Inc. (NASDAQ: ILMN), Internet HOLDRs (NYSE: HHH), Juniper Networks, Inc. (NYSE: JNPR), Cisco Systems, Inc. (NASDAQ: CSCO), CIENA Corporation (NASDAQ: CIEN), Keynote Systems Inc. (NASDAQ: KEYN), Las Vegas Sands Corp. (NYSE: LVS), Linear Technology Corporation (NASDAQ: LLTC), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), and Tempur Pedic International Inc. (NYSE: TPX).

Amazon.com, Inc. (NASDAQ: AMZN) managed to blow past earnings and guide revenues higher. All this while margins continue to be overlooked. Shares were up and are up even more now at all-time highs… The gain is up 6.7% at $228.65 on nearly 3 million shares since the 4PM bell.

Avalon Rare Metals Inc. (AMEX: AVL) is getting squashed after a filing for the sale of 7 million shares of common stock “to complete a bankable feasibility study on the Thor Lake Project and for working capital and general corporate purposes.” Shares rose 6.9^ today to $6.81 and shares are almost giving it all back with a 6% drop to $6.81 in the after-hours.

Illumina, Inc. (NASDAQ: ILMN) fell 3.6% today to $69.65 ahead of earnings. It beat estimates but gave light guidance for 2011 after having seen such a big run before. Shares are down over 9% at $63.25 right before the closing bell.

Internet HOLDRs (NYSE: HHH) has traded an unusual 13,000 shares and is up 3.3% at $81.98 in the after-hours session. The reason is simple: the weighting is over 48.5% Amazon.com.

Networking equipment makers be damned! Juniper Networks, Inc. (NYSE: JNPR) is down over 13% at $27.04 on more than 3.4 million after-hours shares. The “little-Cisco” turned in light earnings for the second quarter and guidance for the third quarter looked light as well after blaming deployment timing delays of service provider.

Speaking of Cisco Systems, Inc. (NASDAQ: CSCO), if things are soft at Juniper the idea is that there is no way things are great before the company has even implemented a turnaround and restructuring yet. Cisco is down 1.7% at $16.01 on nearly 1 million shares since the 4PM bell. Elsewhere, CIENA Corporation (NASDAQ: CIEN) is down 5% at $16.70 after the closing bell.

Keynote Systems Inc. (NASDAQ: KEYN) beat earnings and raised its guidance for sales and earnings in Q3… Shares are up 10% at $24.00, above the 52-week range of $9.00 to $23.75.

Las Vegas Sands Corp. (NYSE: LVS) beat estimates, in part from Asian operations, and shares are up 5.4% at $48.75 on more than 1.8 million shares in the after-hours session.

Linear Technology Corporation (NASDAQ: LLTC) may have grown revenues 27% but the focus and emphasis is on light guidance for the next quarter. Shares are down right at 5% at $29.65 in the after-hours session this evening.

Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) managed to turn in above-estimate earnings sales after the close, sending shares up 8.8% at $28.30. Keep in mind that the 52-week range before this was $9.01 to $28.20.

Tempur Pedic International Inc. (NYSE: TPX) was halted, a fear, but the fear was unwarranted… The company beat earnings, raised guidance, and started a share buyback plan. Shares closed down 1% today but the after-hours session has shares up 6.4% at $66.02.

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: After-Hours Activity, Earnings, Trading Alert Tagged: AMZN, AVL, CIEN, CSCO, HHH, ILMN, JNPR, KEYN, LLTC, LVS, QCOR, TPX

Top Analyst Upgrades & Downgrades (ALTR, BWP, COF, CLS, CIEN, JRJC, DSX, DRYS, MDMD, MPEL, MWW, ORCL, POT, RIMM, SHLD)

Administrator — Fri, 17 Jun 2011 12:34:10 +0000

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

Altera Corporation (NASDAQ: ALTR) Raised to Outperform as Bull of the Day at Zacks.
Boardwalk Pipeline Partners, LP (NYSE: BWP) Started as Outperform at Credit Suisse.
Capital One Financial Corp. (NYSE: COF) Raised to Buy at SunTrust.
Celestica Inc. (NYSE: CLS) Cut to Sell at Citigroup.
Central Garden & Pet Company (NASDAQ: CENT) added as Value at Zacks.
CIENA Corporation (NASDAQ: CIEN) Raised to Neutral at UBS.
China Finance Online Co. Ltd. (NASDAQ: JRJC) Cut to Market Perform at Rodman & Renshaw.
Diana Shipping Inc. (NYSE: DSX) Cut to Underperform at CRedit Suisse.
DryShips, Inc. (NASDAQ: DRYS) Raised to Buy at Stern Agee.
MediaMind Technologies Inc. (NASDAQ: MDMD) Cut to Hold at ThinkEquity.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) Reiterated Outperform and raised target to $16 at Credit Suisse.
Monster Worldwide, Inc. (NYSE: MWW) Raised to Buy at UBS.
Oracle Corporation (NASDAQ: ORCL) Added to U.S. Focus List at Credit Suisse.
Potash Corp. of Saskatchewan (NYSE: POT) Raised to Buy at TD.
Research in Motion Ltd. (NASDAQ: RIMM) Cut to Sell at Citigroup.
Sears Holding Corp. (NASDAQ: SHLD) maintained Underperform as Bear of the Day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: ALTR, BWP, CIEN, CLS, COF, DRYS, DSX, JRJC, MDMD, MPEL, MWW, ORCL, POT, RIMM, SHLD

Top Analyst Upgrades & Downgrades (AIG, BJ, BWA, CIEN, ELN, ERJ, FGP, MMM, M, MCD, MDCO, NDAQ, RIMM, SEE, TXN, UNH, UTX, AAPL)

Administrator — Thu, 09 Jun 2011 12:20:36 +0000

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

American International Group, Inc. (NYSE: AIG) Started as Buy at Deutsche Bank; Started as Equal-Weight at Barclays.
BJ’s Wholesale Club Inc. (NYSE: BJ) Cut to Equal-Weight at Barclays.
BorgWarner Inc. (NYSE: BWA) Reiterated Outperform at Wells Fargo.
CIENA Corporation (NASDAQ: CIEN) Maintained Outperform but cut target to $37 at Credit Suisse; Reiterated Buy with $30 target at Argus.
Elan Corp. plc (NYSE: ELN) Raised to Buy at UBS.
Embraer S.A. (NYSE: ERJ) Reiterated Strong Buy as Value and as Bull of the Day at Zacks.
Ferrellgas Partners (NYSE: FGP) maintained Underperform as Bear of the Day at Zacks.
3M Co. (NYSE: MMM) Started as Outperform at William Blair.
Macy’s, Inc. (NYSE: M) Raised to Overweight at Barclays.
McDonald’s Corporation (NYSE: MCD) Reiterated Outperform and raised estimates at Credit Suisse.
The Medicines Co. (NASDAQ: MDCO) Raised to Buy with $25 target at Argus.
Nasdaq OMX Group Inc. (NASDAQ: NDAQ) Raised to Buy at Stifel Nicolaus.
Research in Motion Ltd. (NASDAQ: RIMM) Cut to Hold at Citi.
Sealed Air Corporation (NYSE: SEE) Raised to Buy at Jefferies.
Texas Instruments Inc. (NYSE: TXN) Reiterated Buy but cut target to $41 at Gleacher & Co.
UnitedHealth Group, Inc. (NYSE: UNH) Reiterated Outperform and raised target to $69 at Credit Suisse.
United Technologies Corporation (NYSE: UTX) Started as Outperform at William Blair.

Apple Inc. (NASDAQ: AAPL) has reportedly been downgraded this morning by a boutique firm called First Global to a rating of “Market Perform.”

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, AIG, BJ, BWA, CIEN, ELN, ERJ, FGP, M, MCD, MDCO, MMM, NDAQ, RIMM, SEE, TXN, UNH, UTX

Top Active Trader Alert Stocks (CIEN, ERIC, JDSU)

247wallst — Wed, 08 Jun 2011 12:54:05 +0000

Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Ciena Corporation (NASDAQ: CIEN), LM Ericsson Telephone Company (NASDAQ: ERIC), and JDS Uniphase Corporation (NASDAQ: JDSU).

Ciena Corporation (NASDAQ: CIEN) is down more than 12% premarket to $21.24, relative to a 52-week range of $11.86-$29.24. The company reported disappointing 2Q losses.

LM Ericsson Telephone Company (NASDAQ: ERIC) is down 2.3% premarket on moderate volume to $14.30, relative to a 52-week range of $9.62-$15.44.

JDS Uniphase Corporation (NASDAQ: JDSU) is down 3% premarket to $17.85, relative to a 52-week range of $9.04-$29.12.

Filed under: General Tagged: CIEN, ERIC, JDSU