24/7 Wall St. » CTXS

Top Active Trader Alerts (AKAM, CRUS, CTXS, CROX, EA, EQIX, HTWR, HRB, LOGI, NUAN, SKX, STMP, TQNT, XLNX)

Administrator — Thu, 26 Apr 2012 12:55:30 +0000

There are many stocks on the move this morning and most are due to the endless reports of earnings. This Thursday morning’s top pre-market winners and losers are the following:

Akamai Technologies, Inc. (NASDAQ: AKAM) is down 5.5% this morning at $36.60 on over 100,000 shares. The media and content accelerator beat earnings estimates even though earnings were down 15%. Despite a revenue gain, the company announced that its CEO would step down from the company by the end of 2013.

Cirrus Logic, Inc. (NASDAQ: CRUS) rose 11% ahead of the close to $23.09 today, but shares are up another 8% or so on over 500,000 shares since the market closed after reporting revenues and earnings ahead of estimates. This will mark a 52-week high.

Citrix Systems, Inc. (NASDAQ: CTXS) beat earnings and raised guidance; the stock was up 6.5% last night and shares are now up 8.3% at $23.09 on almost 50,000 shares.

Crocs, Inc. (NASDAQ: CROX) had a 32% earnings gain is being trumped with an outlook that is not as robust as investors were hoping. Shares were down over 8% last night but the stock is down only about 4.5% at $21.04 this morning.

Electronic Arts Inc. (NASDAQ: EA) is trading up almost 8% at $16.20 and we have seen almost 500,000 shares trade hands. There is a rumor of a buyout or of some sort of deal involving the company but details are not that clear as of yet.

Equinix, Inc. (NASDAQ: EQIX) won on an earnings gain yet again and shares were up 7.6% last night; now shares are up 8.5% at $162.21 and that is a new 52-week high above $161.56 if it holds.

Heartware International, Inc. (NASDAQ: HTWR) is up over 15% at $80.10 on more than 100,000 shares; the company received a favorable FDA Advisory Committee vote for its Ventricular Assist System to bridge transplant for patients with end-stage heart failure.

H&R Block, Inc. (NYSE: HRB) claimed a record year in total tax clients the company is shedding some 350 jobs and is shutting some 250 stores in order to save money. Shares were down over 10% last night and are now down 13.9% at $14.41 pre-market.

Logitech International SA (NASDAQ: LOGI) reported earnings, but this is up because of a change made in its executive management in what investors will hope is a solid turnaround. Shares are up over 13% at $8.85 in thin pre-market trading.

Nuance Communications, Inc. (NASDAQ: NUAN) issued guidance that appears to be above expectations and shares are continuing their surge. This is up almost 13% on almost 200,000 shares pre-market.

Skechers U.S.A., Inc. (NYSE: SKX) is up 16% at $17.34 in thin pre-market trading despite a huge drop in sales and despite a loss as the cleaning out of inventory and restructuring is taking hold with pairs sold on the rise.

Stamps.com Inc. (NASDAQ: STMP) is up 11.3% at $31.50 in thin volume pre-market after it grew handily: 27% in its core PC postage revenues and up 41% in non-GAAP earnings per share.

TriQuint Semiconductor, Inc. (NASDAQ: TQNT) rose over 7% yesterday as an Apple-winner, but shares are down huge as guidance fell short of estimates. Maybe Apple drove too hard of a bargain. The drop was over 13% last night and the drop this morning is 14.6% at $4.71 on over 350,000 shares.

Xilinx, Inc. (NASDAQ: XLNX) showed a net income drop but its outlook for the current quarter is signaling improvements are on the way. Shares were up over 7% last night and that is the same today with a gain of 7.36% to $36.85 on more than 50,000 shares in the pre-market.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: AKAM, CROX, CRUS, CTXS, EA, EQIX, HRB, HTWR, LOGI, NUAN, SKX, STMP, TQNT, XLNX

24/7 Wall St. Closing Bell (JPM, VMW, AIG, SCHW, CHK, CTXS, SAP, JDAS, GGC, MBLX, PCX, DMND, CSIQ)

Paul Ausick — Fri, 13 Jan 2012 21:06:19 +0000

US equities opened lower this morning, weighed down by an undistinguished earnings report from JPMorgan Chase & Co. (NYSE: JPM). More coverage here. Markets in Europe and Asia were higher on the sale of Italian and Spanish debt at lower-than-expected interest rates. The dollar gained strength throughout the day, putting downward pressure on commodities, and a story from Europe that countries would wait another six months to impose further sanctions on Iran pushed crude oil down even further. None of the three major indexes broke through to positive territory today. Crude oil is ending the day down, with WTI down -0.14% at $98.96/barrel and Brent crude is down -0.52% at $110.68/barrel. Gold closed at $1,636.90, down less than -1% on the day.

The unofficial closing bells put the DJIA down nearly 49 points to 12,422.06 (-0.39%), the NASDAQ fell more than 14 points (-0.51%) to 2,710.67, and the S&P 500 fell -0.49% or more than 6 points to 1,289.10.

There were several analyst upgrades and downgrades today, including VMWare Inc. (NYSE: VMW) cut to ‘sell’ with a target price of $80 at Citigroup; American International Group Inc. (NYSE: AIG) started as ‘hold’ at Stifel Nicolaus; The Charles Schwab Corp. (NYSE: SCHW) cut to ‘market perform’ at Wells Fargo; Chesapeake Energy Corp. (NYSE: CHK) reiterated as ‘sell’ with lower estimates at Argus; and Citrix Systems Inc. (NASDAQ: CTXS) raised to ‘buy’ from ‘neutral’ at Citigroup.

Earnings reports since markets closed yesterday have led to some price changes as of the last half hour of trading today: JPMorgan Chase & Co. is down -2.63% at $35.88; SAP AG (NYSE: SAP) is up 2.42% at $54.54; and JDA Software Group Inc. (NASDAQ: JDAS) is down nearly -14% at $28.21.

Other standouts from today include the following stocks:

Georgia Gulf Corp. (NYSE: GGC) is up more than 34% at $32.85. The chemical and home products maker has received a buyout offer of about $1.03 billion ($30/share) from Westlake Chemical Corp. (NYSE: WLK).

Metabolix Inc. (NASDAQ: MBLX) is down about -58% at $2.52, after posting a new 52-week low of $2.51 earlier. The bioscience and chemicals company is suffering from the cancellation of a joint venture with Archer Daniels Midland Co. (NYSE: ADM), which the larger company unexpectedly announced this morning.

Patriot Coal Corp. (NYSE: PCX) is down nearly -13% at $7.87. The coal miner lowered its production forecast and closed several operations. We have more coverage here.

Diamond Foods Inc. (NASDAQ: DMND) is down more than -10% at $29.71. The snack food maker is now the subject of a criminal inquiry related to payments it made to farmers.

Canadian Solar Inc. (NASDAQ: CSIQ) is down more than -9% at $3.19. The China-based solar panel maker is among the group of Chinese makers who are cooling off, probably due to profit taking, after several days of sharp share price increases.

US markets are closed on Monday in observance of the birthday of Martin Luther King, Jr. We have the following events for Tuesday:

8:30 a.m. – Empire State manufacturing survey
11:30 a.m. – 3- and 6-month Treasury bill auctions

Have a great long weekend.

Paul Ausick

Filed under: HI/LOW, Market Close, The Day Tagged: AIG, CHK, CSIQ, CTXS, DMND, GGC, JDAS, JPM, MBLX, PCX, SAP, SCHW, VMW

Top Analyst Upgrades & Downgrades (AIG, BKU, SCHW, CHK, CTXS, DPS, GES, HUM, RNWK, RF, TWI, VMW, YNDX)

Administrator — Fri, 13 Jan 2012 13:29:08 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Friday (the 13th) morning.

American International Group, Inc. (NYSE: AIG) Started as Hold at Stifel Nicolaus.
BankUnited, Inc. (NYSE: BKU) Started as Outperform at Wells Fargo.
The Charles Schwab Corporation (NYSE: SCHW) Cut to Market Perform at Wells Fargo.
Chesapeake Energy Corporation (NYSE: CHK) Reiterated Sell and lowered estimates at Argus.
Citrix Systems, Inc. (NASDAQ: CTXS) Raised to Buy from Neutral at Citigroup.
Dr. Pepper Snapple Group, Inc. (NYSE: DPS) Cut to Market Perform at Wells Fargo.
Guess? Inc. (NYSE: GES) Cut to Neutral as Bear of the Day at Zacks.
Humana, Inc. (NYSE: HUM) Raised to Outperform as Bull of the Day at Zacks.
RealNetworks Inc. (NASDAQ: RNWK) maintained Speculative Buy with $15 price target at Canaccord Genuity.
Regions Financial Corporation (NYSE: RF) Started as Market Perform at Wells Fargo.
Titan International, Inc. (NYSE: TWI) named as value stock of the day at Zacks.
VMware Inc. (NYSE: VMW) Cut to Sell with an $80 price target at Citigroup.
Yandex N.V. (NASDAQ: YNDX) Started as Underweight at HSBC.

If you enjoyed the top analyst calls, 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: Analyst Calls Tagged: AIG, BKU, CHK, CTXS, DPS, GES, HUM, RF, RNWK, SCHW, TWI, VMW, YNDX

Top Analyst Upgrades & Downgrades (ALU, AMTG, BMC, BXP, CTXS, GLW, CRD-B, FRAN, HMC, LLTC, NCI, RHT, STLD, TSO, TM, VMW)

Administrator — Wed, 31 Aug 2011 12:08:39 +0000

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

Alcatel-Lucent (NYSE: ALU) Maintained Underperform and cut estimates at Credit Suisse.
Apollo Residential Mortgage, In (NYSE: AMTG) Started as Buy at Stifel Nicolaus; Started as Outperform at Credit Suisse.
BMC Software Inc. (NYSE: BMC) Started as Outperform at Wells Fargo.
Boston Properties Inc. (NYSE: BXP) Reiterated Buy with $120 target at Argus.
Citrix Systems, Inc. (NASDAQ: CTXS) Started as Outperform at Wells Fargo.
Corning Inc. (NYSE: GLW) Reiterated Buy with $28 target at BofA/ML.
Crawford & Co. (NYSE: CRD-B) Started as Outperform at William Blair.
Francesca’s Holdings Corporation (NASDAQ: FRAN) Started as Neutral at Goldman Sachs; Started as Buy at Jefferies; Started as Hold at Stifel Nicolaus.
Honda Motor Co., Ltd. (NYSE: HMC) Cut to Neutral at Credit Suisse.
Linear Technology Corporation (NASDAQ: LLTC) Maintained Underperform as Bear of the Day at Zacks.
Navigant Consulting, Inc. (NYSE: NCI) Raised to Outperform as Bull of the Day at Zacks.
Red Hat, Inc. (NYSE: RHT) Started as Outperform at Wells Fargo.
Steel Dynamics Inc. (NASDAQ: STLD) Cut to Neutral at Goldman Sachs.
Tesoro Corporation (NYSE: TSO) Raised to Outperform at RBC.
Toyota Motor Corporation (NYSE: TM) Cut to Neutral at Credit Suisse.
VMware Inc. (NYSE: VMW) Reiterated Buy with $104 target at BofA/ML.

JON C. OGG

Filed under: Analyst Calls Tagged: ALU, AMTG, BMC, BXP, CRD-B, CTXS, FRAN, GLW, HMC, LLTC, NCI, RHT, STLD, TM, TSO, VMW

Is VMware Alienating Customers? (VMW, EMC, NFLX, CTXS)

Administrator — Tue, 23 Aug 2011 12:47:29 +0000

VMware Inc. (NYSE: VMW) is still the essentially unchallenged king of virtualization. History dictates that when the king taxes the population too egregiously that bad things start to happen. This may be a lesson learned for VMware regarding new pricing structures.

There is some interesting jawboning going on here, and someone will end up being right and someone will end up being wrong. Information Week magazine ran an article recently (also at the Techweb site under UBM) on the matter. VMware’s pricing appears to have not changed, but the article noted, “vSphere 5.0. At that time, I was pleasantly surprised to hear that VMware was not changing its base pricing. And while that’s true, the company has drastically revamped how it treats and now charges for memory usage. The result will be much higher licensing costs for many users.”

This may be nothing short of a stealth price hike by putting some limits on data usage. In one case, the article noted showed that the $3,495 per license can go to $13,980 for this one server under vSphere 5. One forum case, which is probably more than up for debate by the company, noted that the effective price increase was 380%. ZDNet showed a change to this policy, but the damage may have already been done. When customers push back it can create a more difficult future for relations.

Here is where this all gets interesting. Analysts have been stepping over themselves to raise the ratings on VMware. In the middle of August alone, there have been analyst upgrades by Barclays, CRedit Suisse, FBR Capital, and Collins Stewart. Wells Fargo also upgraded the company in early August, based on the pricing power.

The big challenge here is EMC Corp. (NYSE: EMC) due to its super-majority ownership position in VMware. While it may not meddle in pricing, it will certainly meddle if the business gets interrupted or if the image gets bashed too much.

This also opens the door for Citrix Systems, Inc. (NASDAQ: CTXS) and its Xen virtualization, although you might not know it if you see that Citrix stock is close to a 52-week low.

Netflix, Inc. (NASDAQ: NFLX) is a night and day different company than VMware. Comparing virtualization to video rentals might be too odd, but what is not different at all is the pricing structure changes and the fallout that can come from it. Netflix has lost almost one-third of its value since its latest “price structure change.”

The selling of stocks has also been extremely tough on VMware, Since the mid-July peak above $110.00 per share, VMware has fallen to under $78.00. That is probably the market more than pricing, but it seems as though there is a longer-term risk here that investors are trying to grapple with.

Analysts on Wall Street may cheer pricing power all day long, but a customer revolt may bring an opposite outcome.

JON C. OGG

Filed under: Software Tagged: CTXS, EMC, NFLX, VMW

Top Analyst Upgrades & Downgrades (CSCO, CTXS, GLW, CTB, DDS, DOW, EM, EQIX, GPS, HES, IPI, MANT, SANM, SI, SXL, WEN)

Administrator — Thu, 28 Jul 2011 12:31:20 +0000

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

Cisco Systems, Inc. (NASDAQ: CSCO) Raised to Buy at Goldman Sachs.
Citrix Systems, Inc. (NASDAQ: CTXS) Raised to Overweight at Morgan Stanley
Corning Inc. (NYSE: GLW) Reiterated Buy with $26 target at Argus.
Cooper Tire & Rubber Co. (NYSE: CTB) Maintained Underperform as Bear of the Day at Zacks.
Dillard’s, Inc. (NYSE: DDS) Maintained Outperform as Bull of the Day at Zacks.
The Dow Chemical Company (NYSE: DOW) Raised to Buy at BofA/ML.
Emdeon Inc. (NYSE: EM) Cut to Market Perform at William Blair.
Equinix, Inc. (NASDAQ: EQIX) Raised to Buy at Citigroup.
Gap, Inc. (NYSE: GPS) Raised to Buy at Jefferies.
Hess Corporation (NYSE: HES) Cut to Hold at Deutsche Bank.
Intrepid Potash, Inc. (NYSE: IPI) Raised to Buy at BofA/ML.
ManTech International Corp. (NASDAQ: MANT) Cut to Underperform with $34 target at Credit Suisse.
Sanmina-SCI Corp. (NASDAQ: SANM) Reiterated Buy with $15 target at Argus.
Siemens AG (NYSE: SI) Cut to Hold at S&P Equity Research.
Sunoco Logistics Partners. L.P. (NYSE: SXL) Raised to Outperform with $93 target at Credit Suisse.
Wendy’s Company (NYSE: WEN) Started as Buy at Janney Capital.

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: Analyst Calls Tagged: CSCO, CTB, CTXS, DDS, DOW, EM, EQIX, GLW, GPS, HES, IPI, MANT, SANM, SI, SXL, WEN

The Week’s Largest Stock Market Losers: GameStop Corp, Monster Worldwide Inc, And Capital One Financial Corp

247wallst — Sat, 16 Jul 2011 12:40:41 +0000

The S&P 500 stocks which lost the most were mostly from the tech sector. Microchip Technology Inc (NASDAQ: MCHP) was down almost 16%. The company cut it earnings guidance which was done to some extent because of the impact of the Japanese earthquake. Novellus Systems Inc. (NASDAQ: NVLS) dropped over 12% because it warned about 2011 results.

Citrix Systems Inc. (NASDAQ: CTXS) fell 10% after it announced it would buy Cloud.com. Analog Devices Inc (NASDAQ: ADI) fell 9% as other shares in its sector were punished by poor results

S&P 500 WEEK: BOTTOM 10 (08 JUL – 14 JUL)	Ticker	Weekly Price Change (%)	Close Price 14Jul11	Close Price 8Jul11	Market Cap ($Mil)
Microchip Technology Inc	MCHP	-15.5	32.01	37.87	6097.3
Novellus Systems Inc.	NVLS	-12.2	31.58	35.97	2820.3
GameStop Corp.	GME	-11.2	23.83	26.85	3370.6
Citrix Systems Inc.	CTXS	-10.3	74.40	82.98	13986.8
Monster Worldwide Inc.	MWW	-10.3	13.14	14.65	1699.3
CB Richard Ellis Group Inc	CBG	-9.8	22.80	25.28	7409.7
Janus Capital Group Inc	JNS	-9.5	8.90	9.83	1657.2
Analog Devices Inc.	ADI	-9.4	35.89	39.62	10753.9
Autodesk Inc.	ADSK	-9.4	36.35	40.12	8395.2
Capital One Financial Corp.	COF	-9.2	48.75	53.71	22393.0
Source: Capital IQ

Filed under: Research Tagged: ADI, ADSK, COF, CTXS, GME, JNS, MCHP, MWW, NVLS

24/7 Wall St. Top 10 Analyst Calls of the Week (AIG, COG, CPST, CBOE, CTXS, JDSU, MMYT, RSH, S, WYNN)

Administrator — Sat, 11 Jun 2011 13:47:28 +0000

Each morning we cover about 15 to 20 analyst upgrades and downgrades which we think will have an impact on the underlying stocks. After each week we review those research calls and other research calls to see which ones really stood out or which ones had the most impact on each issue. Suddenly, we end up with the top analyst calls of the week.

This week there were far more and we actually have ten top analyst calls of the week because the calls were so varied. The Top Ten Analyst Calls of the Week were in shares of American International Group, Inc. (NYSE: AIG), Cabot Oil & Gas (NYSE: COG), Capstone Turbine Corporation (NASDAQ: CPST), CBOE Holdings, Inc. (NASDAQ: CBOE), Citrix Systems, Inc. (NASDAQ: CTXS), JDS Uniphase Corporation (NASDAQ: JDSU), MakeMyTrip Limited (NASDAQ: MMYT), RadioShack Corp. (NYSE: RSH), Sprint Nextel Corp. (NYSE: S), and in Wynn Resorts Ltd. (NASDAQ: WYNN).

On each call we have given the basics, but we have also added in some detail and then added color if applicable. This week also has a real mix between the equivalent of “Buy” or “Sell” when it comes to a bias. It was amazing how many important research calls came out this week considering that there were hardly any earnings reports that would send analysts into a frenzy.

American International Group, Inc. (NYSE: AIG) was very important this week. Now that the secondary offering has been completed, many analysts in that huge underwriting group have initiated coverage. If you just look at the share price performance, AIG is now higher than the day it closed on its secondary offering went out. That was $28.28 on the close that day and shares are at $28.96 now at a time that the broad DJIA market and financials were lower. The summary ratings seen this week were as follows:

Bank of America Merrill Lynch started it with Buy rating;
Barclays started it with a Equal-Weight rating and a $31 target;
Deutsche Bank started it with a Buy rating and $34 target;
Goldman Sachs started it as Neutral with a $31 target;
UBS maintained Neutral, lowered target to $30.

Cabot Oil & Gas (NYSE: COG) saw a huge pop when its shares were raised to Raised to Buy from Hold at Canaccord Genuity this week. Analyst John Gerdes raised his target price from $58 to $85, or 47%, and noted that it clarified the coming Marcellus infrastructure buildout and believes Cabot should add another 200 million cubic feet per day of take away capacity by late this year with a another 450 million cubic feet per day by late next year. Shares went from $55.91 to a high of $60.64 that day and a close of $58.31 on that call. The gain at one point had shares up almost 8.5% and generated a close of up 4.3% on this. That is a very large move for an established energy company worth about $6 billion in market cap.

Capstone Turbine Corporation (NASDAQ: CPST) is coming up with earnings this week and it makes turbine generator sets for use in stationary distributed power generation systems. It is one cult stock that we used to call “less dirty” energy in the green energy boom and it does have a cult following. What we could not get over was how FBR Capital Markets initiated a rating of “Outperform” and gave a $2.75 price target objective this last week. This company loses money and can be volatile after earnings. We wonder if the team at FBR stumbled upon something other than the Russian order that was announced. Their target price is $2.75 and shares rose more than 2% to $1.65 on the call (closed there Friday too). What FBR is saying is that it sees some 66% of upside remaining in the stock and that is assuming the event risk of the earnings.

CBOE Holdings, Inc. (NASDAQ: CBOE) was an interesting call from Goldman Sachs this last week. Exchanges are supposed to be consolidating and this one leads its field by far. So why did the team at Goldman Sachs cut the rating from an already-cautious “Neutral” down to “SELL” this week? Maybe it was the lock-up period expiration. Shares lost more than 2% on the call but quickly recovered to end the week at $24.26 versus a post-IPO range of $19.60 to $34.18.

Filed under: Analyst Calls, Research, The Week Tagged: AIG, CBOE, COG, CPST, CTXS, JDSU, MMYT, RSH, S, WYNN

Top Analyst Upgrades & Downgrades (AAPL, ATML, CTXS, CMI, ENZN, HD, HBC, PFCB, PLD, RSH, RS, RIMM, SCCO, S, TXN, XLNX)

Administrator — Tue, 07 Jun 2011 12:17:09 +0000

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

Apple Inc. (NASDAQ: AAPL) Reiterated Buy with $415 target at Argus; Reiterated Buy and raised target to $485 at Canaccord Genuity.
Atmel Corporation (NASDAQ: ATML) Reiterated Buy with $17 target at Gleacher & Co.
Citrix Systems, Inc. (NASDAQ: CTXS) Cut to Underweight at JPMorgan after being raised to Outperform as Bull of the Day on Monday by Zacks.
Cummins Inc. (NYSE: CMI) Maintained Outperform as Bull of the Day at Zacks.
Enzon Pharmaceuticals Inc. (NASDAQ: ENZN) Cut to Underperform as Bear of the Day at Zacks.
The Home Depot, Inc. (NYSE: HD) Started as Overweight at Barclays.
HSBC Holdings (NYSE: HBC) Cut to Neutral at Credit Suisse.
P.F. Chang’s China Bistro (NASDAQ: PFCB) Raised to Neutral at Credit Suisse.
ProLogis (NYSE: PLD) Raised to Buy at BofA/ML.
RadioShack Corp. (NYSE: RSH) Started as Underweight at Barclays.
Reliance Steel & Aluminum Company (NYSE: RS) Maintained Strong Buy as Value at Zacks.
Research In Motion Limited (NASDAQ: RIMM) Cut to Market Perform at Morgan Keegan.
Southern Copper Corp. (NYSE: SCCO) Cut to Hold at Citi.
Sprint Nextel Corp. (NYSE: S) Cut to Sell at Stifel Nicolaus.
Texas Instruments Inc. (NYSE: TXN) Reiterated Buy with $43 target at Gleacher & Co.
Xilinx Inc. (NASDAQ: XLNX) Raised to Neutral at Goldman Sachs.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, ATML, CMI, CTXS, ENZN, HBC, HD, PFCB, PLD, RIMM, RS, RSH, S, SCCO, TXN, XLNX

Top Analyst Upgrades & Downgrades (AONE, BCS, BYD, CPST, CTXS, HBC, JBL, LOW, LPX, MMYT, PCS, PLD, RAI, SPLS, SBUX, TXN)

Administrator — Mon, 06 Jun 2011 12:07:05 +0000

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

A123 Systems, Inc. (NASDAQ: AONE) Cut to Sector Perform at Pacific Crest.
Barclays PLC (NYSE: BCS) Started as Outperform at Credit Suisse.
Boyd Gaming Corp. (NYSE: BYD) Raised to Neutral at JPMorgan.
Capstone Turbine Corporation (NASDAQ: CPST) Started as Outperform at FBR.
Citrix Systems, Inc. (NASDAQ: CTXS) Raised to Outperform as Bull of the Day at Zacks.
HSBC Holdings plc (NYSE: HBC) Started as Neutral at Credit Suisse.
Jabil Circuit Inc. (NYSE: JBL) Reiterated Focus List Buy with $24 target at Argus.
Lowe’s Companies Inc. (NYSE: LOW) Cut to Neutral at JPMorgan.
Louisiana-Pacific Corporation (NYSE: LPX) Cut to Neutral at BofA/ML.
MakeMyTrip Limited (NASDAQ: MMYT) Raised to Outperform at Oppenheimer.
MetroPCS Communications, Inc. (NYSE: PCS) Cut to Sector Perform at RBC.
ProLogis (NYSE: PLD) Started as Neutral at Credit Suisse.
Reynolds American Inc. (NYSE: RAI) Raised to Equal-Weight at Morgan Stanley.
Staples, Inc. (NASDAQ: SPLS) Named as Bear of the Day at Zacks.
Starbucks Corporation (NASDAQ: SBUX) Raised to Outperform at BMO.
Texas Instruments Inc. (NYSE: TXN) Started as Buy at ThinkEquity.

JON C. OGG

Filed under: Analyst Calls Tagged: AONE, BCS, BYD, CPST, CTXS, HBC, JBL, LOW, LPX, MMYT, PCS, PLD, RAI, SBUX, SPLS, TXN