24/7 Wall St. » CTRN

Top Analyst Upgrades & Downgrades (BNNY, CAB, CCL, CTRN, DPS, FSLR, ILMN, LEAP, NWL, PEP, PG, TWX, WDC)

Administrator — Mon, 07 May 2012 12:32:52 +0000

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

Annie’s, Inc. (NYSE: BNNY) Started as Overweight at JPMorgan; Started as Outperform at William Blair.

Cabela’s, Inc. (NYSE: CAB) named Bull of the Day at Zacks.

Carnival Corporation (NYSE: CCL) Cut to Neutral at Goldman Sachs.

Citi Trends, Inc. (NASDAQ: CTRN) named Bear of the Day at Zacks.

Dr. Pepper Snapple (NYSE: DPS) Raised to Equal-weight at Morgan Stanley.

First Solar, Inc. (NASDAQ: FSLR) Cut to Hold at Argus.

Illumina Inc. (NASDAQ: ILMN) Raised to Outperform and $55 target at Credit Suisse.

Leap Wireless International Inc. (NASDAQ: LEAP) Raised to Neutral at Piper Jaffray.

Newell Rubbermaid Inc. (NYSE: NWL) Raised to Outperform at Oppenheimer.

Pepsico (NYSE: PEP) Raised to Overweight at Morgan Stanley.

Procter & Gamble (NYSE: PG) Cut to Market Perform at Wells Fargo.

Time Warner Inc. (NYSE: TWX) Reiterated Buy with $46 target at Argus.

Western Digital Corporation (NYSE: WDC) named Value stock of the day at Zacks.

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JON C. OGG

Filed under: Analyst Calls Tagged: BNNY, CAB, CCL, CTRN, DPS, FSLR, ILMN, LEAP, NWL, PEP, PG, TWX, WDC

Top Analyst Upgrades & Downgrades (ALSN, AZO, BIG, CHKP, CMG, CTRN, DWRE, GE, ILMN, LNKD, PBY, RMBS, TXN, UNH, XRX)

Administrator — Tue, 24 Apr 2012 12:04:35 +0000

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

Allison Transmission Holdings, Inc. (NYSE: ALSN) Started as Neutral at Credit Suisse; Started as Neutral at Goldman Sachs; Started as Neutral at Citigroup.

AutoZone Inc. (NYSE: AZO) Raised to Overweight at JPMorgan.

Big Lots Inc. (NYSE: BIG) Cut to Hold at Deutsche Bank.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) Maintained Hold at Argus.

Chipotle Mexican Grill, Inc. (NYSE: CMG) Cut to Neutral on valuation at Credit Suisse; Reiterated Buy with $480 target at Argus.

Citi Trends, Inc. (NASDAQ: CTRN) named Bear of the Day at Zacks.

Demandware, Inc. (NYSE: DWRE) Started as Buy at Deutsche Bank; Started as Outperform at William Blair; Started as Outperform at Oppenheimer; Started as Neutral at Goldman Sachs.

General Electric Co. (NYSE: GE) Reiterated Buy with $22 target at Argus.

Illumina, Inc. (NASDAQ: ILMN) Reiterated Buy with $54 target at BofA/ML.

LinkedIn Corporation (NYSE: LNKD) Started as Overweight at Piper Jaffray.

Pep Boys-Manny, Moe & Jack Inc. (NYSE: PBY) Cut to Sell at Argus.

Rambus Inc. (NASDAQ: RMBS) Raised to Overweight at JPMorgan.

Texas Instruments Inc. (NASDAQ: TXN) Reiterated Buy with $36 target at BofA/ML.

UnitedHealth Group (NYSE: UNH) named Bull of the Day at Zacks.

Xerox Corporation (NYSE: XRX) Reiterated Buy with $13 target at Argus.

JON C. OGG

Filed under: Analyst Calls Tagged: ALSN, AZO, BIG, CHKP, CMG, CTRN, DWRE, GE, ILMN, LNKD, PBY, RMBS, TXN, UNH, XRX

Top Analyst Upgrades & Downgrades (ACHN, AAPL, BSX, CLS, C, CTRN, FSLR, HAIN, IDIX, INFY, NCT, SAP, TNK, TIF, VLO, VRTX)

Administrator — Tue, 17 Apr 2012 12:27:46 +0000

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

Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) Started as Outperform with $11 target at Credit Suisse.

Apple Inc. (NASDAQ: AAPL) Started as Strong Buy with $800 target at Raymond James (late Monday call).

Boston Scientific Corp. (NYSE: BSX) Reiterated Outperform with $7 target at Credit Suisse.

Celestica Inc. (NYSE: CLS) Cut to Hold at Deutsche Bank.

Citigroup Inc. (NYSE: C) Reiterated Outperform with $48 target at Credit Suisse.

Citi Trends, Inc. (NASDAQ: CTRN) named Bear of the Day at Zacks.

First Solar, Inc. (NASDAQ: FSLR) Cut to Hold at Goldman Sachs.

Hain Celestial Group (NASDAQ: HAIN) named Bull of the Day at Zacks.

Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) Started as Neutral at Credit Suisse.

Infosys Ltd. (NASDAQ: INFY) Cut to Neutral at Goldman Sachs.

Newcastle Investment Corporation (NYSE: NCT) Started as Outperform at Keefe Bruyette & Woods.

SAP AG (NYSE: SAP) Raised to Buy at SocGen; Cut to Neutral at HSBC.

Teekay Tankers Ltd. (NYSE: TNK) Raised to Neutral with new $5.20 target at BofA/ML.

Tiffany & Co. (NYSE: TIF) Started as Neutral at Macquarie.

Valero Energy Corporation (NYSE: VLO) Reiterated Outperform with $37 target at Credit Suisse.

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) Started as Outperform with $43 target at Credit Suisse.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, ACHN, BSX, C, CLS, CTRN, FSLR, HAIN, IDIX, INFY, NCT, SAP, TIF, TNK, VLO, VRTX

Top Analyst Upgrades & Downgrades (CTRN, CSTR, FNFG, IBKR, LNKD, MFRM, NWS.A, UTX)

Administrator — Thu, 29 Dec 2011 13:28:26 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. The number of research calls is dropping significantly and this week is usually very light in research calls as many departments are on skeleton crews this week.

Citi Trends, Inc. (NASDAQ: CTRN) maintained Underperform and named Bear of the Day at Zacks Investment Research.

Coinstar, Inc. (NASDAQ: CSTR) named as the value stock of the day at Zacks Investment Research.

First Niagara Financial Group Inc. (NASDAQ: FNFG) Started as Buy at Jefferies.

Interactive Brokers Group (NASDAQ: IBKR) Maintained Outperform as Bull of the Day at Zacks Investment Research.

LinkedIn Corporation (NYSE: LNKD) Started as Buy at Collins Stewart.

Mattress Firm Holding Corporation (NASDAQ: MFRM) Started as Outperform at William Blair.

News Corp. (NASDAQ: NWS.A) Raised to the Top Pick List at RBC Capital Markets.

United Technologies Corporation (NYSE: UTX) Cut to Hold from Buy at Argus.

JON C. OGG

Filed under: Analyst Calls Tagged: CSTR, CTRN, FNFG, IBKR, LNKD, MFRM, NWS-A, UTX

Top Analyst Upgrades & Downgrades (BWA, CTL, CHKR, CTRN, EXXI, F, HON, ITMN, JEF, JPM, ORCL, RIMM, TDC, WPI)

Administrator — Wed, 21 Dec 2011 13:03:40 +0000

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

BorgWarner Inc. (NYSE: BWA) Started as Buy at Stern Agee.
CenturyLink, Inc. (NYSE: CTL) Raised to Outperform as the Bull of the Day at Zacks Investment Research.
Chesapeake Granite Wash Trust (NYSE: CHKR) Started as Neutral at Goldman Sachs; Started as Market Perform at Wells Fargo.
Citi Trends, Inc. (NASDAQ: CTRN) maintained long-term Underperform as the Bear of the Day at Zacks Investment Research.
Energy XXI (Bermuda) Limited (NASDAQ: EXXI) named as Value stock of the day at Zacks Investment Research.
Ford Motor Co. (NYSE: F) Started as Buy at Stern Agee.
Honeywell International Inc. (NYSE: HON) Reiterated Buy with $70.00 price target at Argus.
InterMune Inc. (NASDAQ: ITMN) maintained Outperform but cut price target down to $20.00 from $37.00 at Credit Suisse.
Jefferies Group, Inc. (NYSE: JEF) Cut to Market Perform at Keefe Bruyette & Woods.
J.P. Morgan Chase & Co. (NYSE: JPM) Cut to Neutral at Stern Agee.
Oracle Corporation (NASDAQ: ORCL) Cut to Hold from Buy at Canaccord Genuity; maintained Outperform but cut price target to $40.00 from $42.00 at Credit Suisse.
Research in Motion Ltd. (NASDAQ: RIMM) Raised to Buy from Hold but price target is only $16.00 at ThinkEquity.
Teradata Corporation (NYSE: TDC) Cut to Perform from Outperform at Oppenheimer.
Watson Pharmaceuticals Inc. (NYSE: WPI) maintained Buy with a price target objective of $78.00 per share at Argus.

JON C. OGG

Filed under: Analyst Calls Tagged: BWA, CHKR, CTL, CTRN, EXXI, F, HON, ITMN, JEF, JPM, ORCL, RIMM, TDC, WPI

Top Analyst Upgrades & Downgrades (MT, AVNR, CTRN, ETH,INTC, IGT, KALU, LVS, MA, MGM, MNTA, NOR, SFD, SO, SE, URBN, V, WYNN)

Administrator — Tue, 13 Dec 2011 13:35:40 +0000

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

Arcelor Mittal (NYSE: MT) Started as Equal Weight at Barclays.
Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR) Reiterate as “Buy” with a $6 price target by Canaccord Genuity.
Citi Trends, Inc. (NASDAQ: CTRN) Maintained Underperform as Bear of the Day at Zacks.
Ethan Allen Interiors Inc. (NYSE: ETH) Started as Hold at Argus.
Intel Corporation (NASDAQ: INTC) Maintained Outperform but cut estimates at Credit Suisse; maintained Hold with $24 price target objective at Canaccord Genuity.
International Game Technology (NYSE: IGT) resumed with “Outperform” rating at Wells Fargo.
Kaiser Aluminum Corporation (NASDAQ: KALU) Started as Buy at BofA/Merrill Lynch.
Las Vegas Sands Corporation (NYSE: LVS) resumed with “Outperform” rating at Wells Fargo.
Mastercard Incorporated (NYSE: MA) Started as Buy at Nomura.
MGM Resorts International (NYSE: MGM) resumed with “Outperform” rating at Wells Fargo.
Momenta Pharmaceuticals Inc. (NASDAQ: MNTA) reiterate as Buy with a $23 price target objective by Canaccord Genuity.
Noranda Aluminum Holding Corp. (NYSE: NOR) Started as Buy at BofA/Merrill Lynch.
Smithfield Foods Inc. (NYSE: SFD) named as Value stock of the day at Zacks Investment Research.
Southern Co. (NYSE: SO) Cut to Hold from Buy for short-term coverage but maintained a Buy for long-term at Argus.
Spectra Energy Corporation (NYSE: SE) Maintained Outperform as Bull of the Day at Zacks Investment Research.
Urban Outfitters Inc. (NASDAQ: URBN) Maintained Neutral and lowered estimates at Credit Suisse; Maintained Underperform with $17 price target objective by Jefferies.
Visa, Inc. (NYSE: V) Started as Buy at Nomura.
Wynn Resorts Ltd. (NASDAQ: WYNN) resumed with “Market Perform” at Wells Fargo.

JON C. OGG

Filed under: Analyst Calls Tagged: AVNR, CTRN, ETH, IGT, INTC, KALU, LVS, MA, MGM, MNTA, MT, NOR, SE, SFD, SO, URBN, V, WYNN

Top Analyst Upgrades & Downgrades (AMCX, AHT, BG, CTRN, XRAY, EK, EQY, FFIV, IVN, MFB, PDS, RVBD, RYAAY, SAFM, TUDO)

Administrator — Tue, 27 Sep 2011 12:15:03 +0000

These are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls.

AMC Networks Inc. (NASDAQ: AMCX) Started as Sell at Stifel Nicolaus.
Ashford Hospitality Trust Inc. (NYSE: AHT) Started as Outperform at Credit Suisse.
Bunge Limited (NYSE: BG) Raised to Buy at Citigroup.
Citi Trends, Inc. (NASDAQ: CTRN) named Bear of the Day at Zacks.
DENTSPLY International (NASDAQ: XRAY) named Bull of the Day at Zacks.
Eastman Kodak Co. (NYSE: EK) Reiterated Hold at Argus.
Equity One Inc. (NYSE: EQY) Raised to Hold at Citigroup.
F5 Networks, Inc. (NASDAQ: FFIV) Started as Hold at Jefferies.
Ivanhoe Mines Ltd. (NYSE: IVN) Raised to Outperform at Credit Suisse.
Maidenform Brands, Inc. (NYSE: MFB) named Value stock of the day at Zacks.
Precision Drilling Corporation (NYSE: PDS) Started as Outperform at Credit Suisse.
Riverbed Technology, Inc. (NASDAQ: RVBD) Started as Underperform at Jefferies.
Ryanair Holdings plc (NASDAQ: RYAAY) Cut to Neutral at Goldman Sachs.
Sanderson Farms, Inc. (NASDAQ: SAFM) Added to Conviction Buy List at Goldman Sachs.
Tudou Holdings Limited (NASDAQ: TUDO) Started as Buy at Deutsche Bank.

With gold and silver bouncing after what looked like a bursting bubble, here is a list of the top-rated precious metals funds expected to win in uncertain times from Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: AHT, AMCX, BG, CTRN, EK, EQY, FFIV, IVN, MFB, PDS, RVBD, RYAAY, SAFM, TUDO, XRAY

Top Analyst Upgrades & Downgrades (AMAT, CAR, BMY, BRCM, CTRN, CL, ENB, HUN, LRCX, MU, PIR, RENN, TEF)

Administrator — Mon, 19 Sep 2011 12:19:06 +0000

These are some of this Monday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls.

Applied Materials Inc. (NASDAQ: AMAT) Cut to Sell at Goldman Sachs.
Avis Budget Group (NYSE: CAR) named as Bull of the Day at Zacks.
Bristol-Myers Squibb Company (NYSE: BMY) Raised to Buy at Jefferies.
Broadcom Corporation (NASDAQ: BRCM) Raised to Outperform at William Blair.
Citi Trends, Inc. (NASDAQ: CTRN) named as Bear of the Day at Zacks.
Colgate-Palmolive Co. (NYSE: CL) Added to Focus 1 List at BofA/ML.
Enbridge Inc. (NYSE: ENB) Started as Outperform at Scotia.
Huntsman Corporation (NYSE: HUN) Reinstated as Neutral at BofA/ML.
Lam Research Corporation (NASDAQ: LRCX) Cut to Neutral at Goldman Sachs.
Micron Technology Inc. (NASDAQ: MU) Raised to Neutral at Goldman Sachs.
Pier 1 Imports, Inc. (NYSE: PIR) Raised to Buy at KeyBanc.
Renren Inc. (NYSE: RENN) Started as Underperform at Macquarie.
Telefonica, S.A. (NYSE: TEF) Raised to Buy at UBS.

See last week’s top analyst calls here.

JON C. OGG

Filed under: Analyst Calls Tagged: AMAT, BMY, BRCM, CAR, CL, CTRN, ENB, HUN, LRCX, MU, PIR, RENN, TEF

Top Active Trader Alerts (AAPL, BRCD, CMG, CTAS, CTRN, CSX, ETFC, FTNT, GOV, ISRG, MANH, NLC, RVBD, VMW, EMC, YHOO)

Administrator — Wed, 20 Jul 2011 12:45:06 +0000

We are tracking many movers in the pre-market trading session this morning. The moves are mostly to do with earnings and today’s top movers are as follows: Apple Inc. (NASDAQ: AAPL), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Chipotle Mexican Grill, Inc. (NYSE: CMG), Cintas Corporation (NASDAQ: CTAS), CSX Corporation (NYSE: CSX), E*TRADE Financial Corporation (NASDAQ: ETFC), Fortinet Inc. (NASDAQ: FTNT), Government Properties Income Trust (NYSE: GOV), Intuitive Surgical, Inc. (NASDAQ: ISRG), Manhattan Associates, Inc. (NASDAQ: MANH), Nalco Holding Co. (NYSE: NLC), Riverbed Technology, Inc. (NASDAQ: RVBD), VMware, Inc. (NYSE: VMW), and Yahoo! Inc. (NASDAQ: YHOO). We have covered brief moves on the news and then added in the moves with color.

Apple Inc. (NASDAQ: AAPL) completely blew its targets away last night, even better than the best bulls expected; After-hours we saw a 5.9% gain of $22+ at $398.10 and pre-market trading with just over an hour is still up about 5.35% at $397.02.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is lower on fears that its longstanding hopes of being acquired by Dell could be fading. Dell announced the acquisition of private Force 10 Networks to get into networking and that usurps the need for Brocade. At least that is the theory. Shares are down 3.5% at $6.07 in the pre-market.

Chipotle Mexican Grill, Inc. (NYSE: CMG) is taking a breather after having risen and risen after reporting soft earnings. Shares were down 4.7% at $318.00 last night but an analyst upgrade this morning has shares down only about 3% at $323.50 this morning.

Cintas Corporation (NASDAQ: CTAS) managed to beat earnings and its also gave guidance that meets or beats estimates. Shares were up more than 7% at $33.08 in the after-hours and now we have shares up 10% at $34.00 in the pre-market.

Citi Trends, Inc. (NASDAQ: CTRN) lowered guidance and sees much wider losses than expected. The trend is lower, with shares down about 19% at $12.90 this morning but volume is thin and this one trades about 155,000 shares a day is all.

CSX Corporation (NYSE: CSX) is up more than last night’s 1.6% gain as shares pre-market are up 2.6% at $26.15 after beating estimates and backing its prior earnings guidance.

E*TRADE Financial Corporation (NASDAQ: ETFC) is soaring after holder (and near-controller) Citadel is calling for a shareholder meeting to maximize shareholder value after dissatisfaction with results. Shares are up 7.5% at $13.92 in pre-market trading after the filing.

Fortinet Inc. (NASDAQ: FTNT) sounded good on the surface after it grew revenues 35%, grew billings 22% and grew earnings 88%… Shares were getting smacked down 21% at $21.25 in the after-hours session, but the stock is now down “only” 17% at $22.16 in pre-market trading as traders may be bottom fishing.

Government Properties Income Trust (NYSE: GOV) filed to sell some 5 million shares of common stock in the REIT to cut debt under its revolving credit facility and for general business purposes. Shares are down 3.4% at $25.47 in the pre-market session.

Filed under: Pre-Market Activity, The Day, Trading Alert Tagged: AAPL, BRCD, CMG, CSX, CTAS, CTRN, ETFC, FTNT, GOV, ISRG, MANH, NLC, RVBD, VMW, YHOO

A Few Winners on an Awful Day (MA, V, APOL, BSDM, CTRN, AAP, PLCE, DLTR, ROST, WSM, ARUN, SPLS)

Administrator — Thu, 20 May 2010 17:21:32 +0000

The market might feel like it is in free fall mode as suddenly 1,100 on the S&P500 has been taken out and now the DJIA is within 2% of challenging the DJIA 10,000 mark. What is always interesting to see is those few stocks are actually up on the. For starters, none should be inverse or leverage ETF/ETN products. None should be M&A stocks either, nor should they be ADRs. Some of today’s few key winners are MasterCard Inc. (NYSE: MA), Visa Inc. (NYSE: V), and Apollo Group Inc. (NASDAQ: APOL) on favorable climate news. Bounces on oversold conditions include BSD Medical Corp. (NASDAQ: BSDM), Citi Trends, Inc. (NASDAQ: CTRN), and Advance Auto Parts Inc. (NYSE: AAP). Then come favorable earnings reports sending shares of The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Dollar Tree, Inc. (NASDAQ: DLTR), Ross Stores Inc. (NASDAQ: ROST), Williams Sonoma Inc. (NYSE: WSM), Aruba Networks Inc. (NASDAQ: ARUN), and Staples Inc. (NASDAQ: SPLS).

We have provided the news or logic behind the gains as well as price. volume, and other relative data where applicable.

REGULATORY BOUNCES

MasterCard Inc. (NYSE: MA) is up 1.5% at $205.40 on over 2.6 million shares and Visa Inc. (NYSE: V) is up 2.5% at $74.84 on almost 15 million shares. These two are bouncing after being very much oversold on swipe fee regulation. Apollo Group Inc. (NASDAQ: APOL) is up again on continued hope that a recent regulatory boss has resigned that was deemed unfavorable to for-profit education companies, and shares are up 0.35% at $56.38.

OVER-SOLD BOUNCES

BSD Medical Corp. (NASDAQ: BSDM) is up over 7% at $1.48 on a recently oversold chart as this was just a $2.00 stock as recently as April 22. Citi Trends, Inc. (NASDAQ: CTRN) is just a bounce after a big drop this week, but shares are up 6.5% at $32.50 on double-volume. Advance Auto Parts Inc. (NYSE: AAP) is not just up, but it hit 52-week highs after beating earnings last night and due to an analyst call from Raymond James reiterating a BUY and taking the $55 target to $60 on the stock. Shares are up 5.7% at $48.71.

EARNINGS GAINERS

The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE) is up 3.4% at $42.91 after bearing earnings handily and raising guidance next quarter and for the year. Dollar Tree, Inc. (NASDAQ: DLTR) is showing that the dollar store trade is not dead after it beat earnings and raised guidance; shares up over 3% at $51.58. Ross Stores Inc. (NASDAQL ROST) is up over 2% at $52.78 after beating earnings and claiming record margins. Williams Sonoma Inc. (NYSE: WSM) beat earnings handily again as its store traffic recovers, sending shares up 4.6% at $29.75 on almost 6 million shares. Aruba Networks Inc. (NASDAQ: ARUN) is one that was up more and is barely up now after beating earnings and seeing a Stifel Nicolaus upgrade, with shares up 0.3% at $11.61. Staples Inc. (NASDAQ: SPLS) beat earnings but guidance was soft. Staples was soft this morning then went up close to $22.00 and shares are currently 0.25% at $21.60.

Imagine how well these stocks would be doing today if the ticker-tape was not such a disaster. As it stands right after 1:00 PM, the markets are sharply lower:

DJIA is at 10,132.17, down 312.20 or -2.99%
S&P500 is at 1,077.31, down 37.74 or -3.38%
NASDAQ is at 2,211.01, down 87.36 or 3.80%

Longer-dated U.S. Treasury prices are about the only winners in town outside stocks; now the 10-year is yielding 3.21% and the 30-year is yielding down at 4.09%. Gold is down about 0.6% around $1,184 per ounce and crude oil is getting wiped out with a drop of $5.24 to $64.63 around the contract roll-date.

JON C. OGG

Filed under: HI/LOW, Trading Alert Tagged: AAP, APOL, ARUN, BSDM, CTRN, DLTR, MA, PLCE, ROST, SPLS, V, WSM