Posts for Ticker ‘DHR’

The Fallacy of Buffett Takeover Lists (BRK-A, SYY, VFC, DHR, BNI, WFC, COP)

buffett-image2It seems that there is renewed interest in a Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) acquisition strategy for another large takeover.  This has always been on the table, and as we noted in the most recent annual report, Buffett has mentioned an interest.  He even laid out a set of criteria.  But the new list of companies that is being passed around as a potential target list actually is based upon the current numbers rather than on many of these actually being legitimate targets.
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Posted on: March 20, 2009 – 9:09 am in Buffett, Conglomerates, Mergers and Buy Outs, , , , , , ,

Top Analyst Upgrades (AAP, AZO, ED, CRH, DHR, LLY, INTC, LEAP, ORLY, SEIC)

money-stack-image42These are te upgrades and positive research calls that we have seen from Wall Street this Wednesday morning:

  • Advance Auto Parts (AAP) Started as Outperform at Baird.
  • AutoZone (AZO) Started as Outperform at Baird.
  • Con Edison (ED) Raised to Buy at Jefferies.
  • CRH plc (CRH) Raised to Buy at Goldman Sachs.
  • Danaher (DHR) Raised to Outperform at William Blair.
  • Eli Lilly (LLY) Raised to Buy at Citigroup.
  • Intel (INTC) Raised to Buy at Needham.
  • Leap Wireless (LEAP) Raised to Overweight at Thomas Weisel.
  • O’Reilly Automotive (ORLY) Started as Outperform at Baird.
  • SEI Investments (SEIC) Raised to Outperform at KBW.

JON C. OGG

Posted on: March 18, 2009 – 7:47 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Downgrades (DHR, LEH, QSII, SONC, SPWR)

There are surprisingly few analyst calls today, but these are some of the top calls we have seen as downgrades with more than two hours to the market open:

  • Danaher (DHR) Cut to Hold at Deutsche Bank.
  • Lehman Brothers (LEH) has been dropped from coverage by Morgan Stanley.
  • Quality Systems (QSII) Cut to Neutral at Piper Jaffray.
  • Sonic (SONC) Started as Neutral at Goldman Sachs.
  • Sunpower (SPWR) Started as Sell at Societe Generale.

Jon C. Ogg
September 12, 2008

Posted on: September 12, 2008 – 6:26 am in Analyst Calls, , , , ,

Pre-Market Stock News (January 24, 2008)

We are full blown into earnings season now.  These are not all of the stocks in the news, but this is a good portion of the news in individual stocks for traders to review this morning:

  • Annaly Capital Management, Inc. (NLY) priced its secondary of 51,000,000 shares of common stock at $19.25 per share.
  • AT&T (T) $0.71 EPS vs. $0.71 estimate; new share buyback plan of up to 400 million shares.
  • Becton Dickinson (BDX) $1.07 EPS vs $1.04 estimate; raised guidance before charges.
  • Cabot Micro (CCMP) $0.51 EPS vs $0.47 estimate.
  • Cubist Pharmaceuticals (CBST) shares rose another 7% to $21.72 after beating earnings and raising guidance.
  • Danaher (DHR) $1.12 EPS vs. $1.12 estimate.
  • DuPont (DD) noted as strong value without earnings risk according to Cramer on CNBC’s Mad Money.
  • eBay (EBAY) shares fell over 5% after beating earnings but lowering guidance; Meg Whitman retires as CEO but stays on board.
  • F5 Networks (FFIV) shares rose almost 20% after beating earnings.
  • Ford (F) -$0.20 EPS vs. -$0.19 estimates; CEO will be on CNBC at 12:15 PM EST.
  • IBM (IBM) noted as strong value without earnings risk according to Cramer on CNBC’s Mad Money.
  • Lennar (LEN) -$0.42 EPS vs, -$1.61 est.; but losses were before -$7.50 per shares in charges; sees 2008 continuing weakness.
  • Lockheed Martin (LMT) $1.89 EPS vs. $1.69 estimate; sees 2008 EPS $7.05 to $7.25 vs. prior guidance $6.19 to $7.15 and vs. $7.29 estimate.
  • Microsoft (MSFT) reports earnings after the close today with estimates at $0.46 EPS on revenues of $15.94 Billion.
  • Napster (NAPS) msic rental service is now available to NTT DoCoMo subscribers.
  • Netflix (NFLX) earnings were above plan and guidance was too; shares indicated up slightly.
  • Nokia (NOK) announced its market share rose to 40% and posted a 57% gain in earnings overseas.
  • Plexus Corp. (PLXS) raised guidance to $0.46 to $0.51 EPS on revenues of $440 million to $460 million, compared to estimates of $0.42 & almost $430 million;shares rose 8.3% to $21.50 in after-hours trading.
  • Polycom (PLCM) posted $0.42 EPS on revenues of $263.3 million vs. estimates of $0.39 & $252.5 million; shares rose some 7.7% to $24.00.
  • Potash (POT) announced it would repurchase up to 5% of its outstanding shares.
  • Qualcomm (QCOM) posted $0.46 EPS and non-GAAP EPS at $0.52 EPS on $2.44 Billion in revenues.  Estimates were $0.53 EPS on revenues of $2.41 Billion, 6% to $38.90 after-hours.
  • Symantec (SYMC) beat earnings; raised guidance; shares rose 8.5% at $16.55.
  • THQ (THQI) traded down 8% after disclosing net profit drops on charges from discontinued titles.
  • Trimble Navigation (TRMB) shares rose 15% at $27.45 after raising current guidance and reaffirming 2008 revenues.
  • Western Digital (WDC)  $1.35 EPS vs. $1.04 estimate; sees next quarter $0.85 to $0.91 EPS  & $2 Billion revenues vs. estimates of $0.80 & $1.9 Billion; shares rose by almost 7%.
  • World Acceptance (WRLD) $0.54 EPS vs. $0.46 estimates.
  • Xerox (XRX) $0.41 EPS vs $0.41 estimate; sees next quarter $0.25 to $0.28 vs. $0.28 estimate; sees 2008 $1.31 to $1.35 EPS versus $1.31 estimates.

Jon C. Ogg
January 24, 2008

Posted on: January 24, 2008 – 7:50 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , , , ,

Emerson Added to Goldman Sachs Conviction Buy List (EMR, DHR, TYC)

Goldman Sachs has raised its "Neutral" rating on Emerson Electric (NYSE:EMR) and added it to the Conviction Buy List.  Goldman based the upgrade on positive earnings outlook and an attractive risk versus rewards analysis.  Its 2008 and 2008 estimates were raised and it now sees 12% upside to the $52.00 prior target with a new target set at $58.00.  Goldman Sachs also noted that Emerson is one of its six well positioned multi-industry primes at this stage of the cycle and lists catalysts as upward earnings revisions and even lists M&A in the fold.  As a "flight from the dollar" this works as well, because Goldman Sachs lists 52% of sales being non-U.S and noted exposure to oil and gas.

On the reverse, Goldman Sachs downgraded Danaher Corp. (NYSE:DHR) to Neutral and downgraded Tyco International (NYSE:TYC) to a "SELL" rating.

Emerson Electric shares are trading up over 2% pre-market at $52.75.  Danaher shares are down 1% at $82.00 pre-market and Tyco shares are trading down 1.5% at $44.00 in pre-market activity.

Jon C. Ogg
September 27, 2007

Posted on: September 27, 2007 – 7:57 am in Analyst Calls, , , , , ,