24/7 Wall St. » DRIV

Top Analyst Upgrades & Downgrades (AON, AZN, CSCO, DLR, DRIV, HSIC, IBM, PBY, CRM, SNH, SSW, SIRI, SOHU, SXL, THO, URBN, ZOLT)

Administrator — Tue, 07 Feb 2012 13:12:21 +0000

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

AON Corporation (NYSE: AON) Cut to Neutral at Citigroup.
AstraZeneca (NYSE: AZN) Cut to Underperform at BofA/ML.
Cisco Systems, Inc. (NASDAQ: CSCO) Reiterated Outperform with $26 target at Credit Suisse.
Digital Realty (NYSE: DLR) Started as Sell at Cantor Fitzgerald.
Digital River Inc. (NASDAQ: DRIV) Cut to Hold at Argus.
Henry Schein, Inc. (NASDAQ: HSIC) Cut to Neutral at Credit Suisse.
International Business Machines Corporation (NYSE: IBM) Started as Buy with $230 target at Stern Agee. (LINK: FULL DETAILS)
Pep Boys-Manny, Moe & Jack Inc. (NYSE: PBY) Cut to Hold at Argus.
Salesforce.com (NYSE: CRM) named Bear of the Day at Zacks.
Senior Housing Properties Trust (NYSE: SNH) Cut to Hold at Stifel Nicolaus.
Seaspan Corporation (NYSE: SSW) Cut to Market Perform at Wells Fargo.
Sirius Satellite Radio, Inc. (NASDAQ: SIRI) Started as Underweight at Barclays.
Sohu.com Inc. (NASDAQ: SOHU) downgraded to Hold at RBS and Cut to Neutral at Susquehanna.
Sunoco Logistics, LP (NYSE: SXL) named as Bull of the Day at Zacks.
Thor Industries, Inc. (NYSE: THO) named Value stock of the day at Zacks.
Urban Outfitters Inc. (NASDAQ: URBN) Cut to Sell at Brean Murray.
Zoltek Companies, Inc. (NASDAQ: ZOLT) Cut to Underperform at Needham (LINK: FULL SUMMARY).

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: 24/7 Wall St. Wire, Analyst Calls Tagged: AON, AZN, CRM, CSCO, DLR, DRIV, HSIC, IBM, PBY, SIRI, SNH, SOHU, SSW, SXL, THO, URBN, ZOLT

24/7 Closing Bell (AMD, FSLR, POT, PAAS, S, OXY, CVX, CSTR, MRK, BIDU, WY, IPG, SWC, ALGN, STMP, CPSI, CODE, DRIV)

Paul Ausick — Fri, 28 Oct 2011 20:04:59 +0000

Markets opened slightly lower this morning and spent the morning trying to decide on a direction. The Reuters/University of Michigan Consumer Sentiment Index rose more than expected, but even that was not enough to charge up investors. In the early afternoon, advances were leading declines on the NYSE, while the status was just the reverse on NASDAQ. Both oil and gold prices were slightly lower after rising sharply yesterday. So far this month, markets are up a solid 13%.

The unofficial closing bells put the DJIA up nearly more than 21 points to 12,230.35 (0.18%), the NASDAQ fell about -1.5 points (-0.05%) to2,737.15, and the S&P 500 rose 0.03% or about 0.47 points to 1,285.06.

There were several analyst upgrades and downgrades today, including a raise for Advanced Micro Devices Inc. (NYSE: AMD) to ‘outperform’ at Wells Fargo. First Solar, Inc. (NASDAQ: FSLR) was maintained at ‘buy’ but the target price was cut to $90 at Argus; Potash Corp. of Saskatchewan Inc. (NYSE: POT) cut to ‘sector perform’ at Scotia; Pan American Silver Corp. (NASDAQ: PAAS) cut to ‘sector perform’ at CIBC; Sprint Nextel Corp. (NYSE: S) raised to ‘outperform’ at Macquarie; and Occidental Petroleum Corp. (NYSE: OXY) raised to ‘outperform’ with a new target price of $135 at Credit Suisse.

Here are today’s big post-earnings news reactions with prices during the last half-hour of trading: Chevron Corp. (NYSE: CVX) is up 0.3%, at $109.99, two pennies short of a new 52-week high; Coinstar, Inc. (NASDAQ: CSTR) is down about -7.6%, at $48.91; Merck (NYSE: MRK) is up 2.3%, at $35.10; Baidu, Inc. (NASDAQ: BIDU) is up 4.33% (our coverage here), at $144.38; Weyerhaeuser Co. (NYSE: WY) is up 1.6%, at $18.23; and The Interpublic Group of Companies, Inc. (NYSE: IPG) is up 11.6%, at $9.94 (our coverage here).

Several other standouts from today follow …

Stillwater Mining Co. (NYSE: SWC) is up more than 27%, at $12.65. The company beat earnings estimates this morning, and has reiterated its production estimates for platinum and palladium for 2011. Stillwater recycled 133,500 ounces of platinum, palladium, and rhodium in the third quarter, up 70% from the same period a year ago.

Align Technology, Inc. (NASDAQ: ALGN) is up more than 34%, at $23.94. The company posted solid earnings for the third quarter and announced a $150 million stock buyback program. Align manufactures and sells Invisalign teeth straightening products.

Stamps.com Inc. (NASDAQ: STMP) is up more than 25%, at $32.48 — a new 52-week high — following an outstanding earnings report. Stamps.com raised its non-GAAP EPS estimate for the second time this year, to $1.20-$1.40. The company originally estimated non-GAAP EPS of $0.85-$1.05.

Computer Programs and Systems Inc. (NASDAQ: CPSI) are down more than -28%, at $51.10. The company missed both revenue and EPS estimates for the quarter, and the fourth-quarter outlook is also weak. The company’s $1.44/share dividend takes some of the sting out of the poor results.

Spansion Inc. (NYSE: CODE) is down more than -25%, at $10.46, after posting a new 52-week lower earlier today of $9.17. The company released a weaker fourth-quarter forecast and announced the closure of its plant in Kuala Lumpur as part of its effort to cut costs.

Digital River Inc. (NASDAQ: DRIV) is down more than -19%, at $18.52. The company’s third-quarter earnings were short of expectations and the fourth-quarter forecast was lowered.

Stay tuned for Monday. We have noted the following events (all times Eastern):

9:45 a.m. — Chicago Purchasing Managers Index
3:00 p.m. — USDA farm prices

Paul Ausick

Filed under: Market Close Tagged: ALGN, AMD, BIDU, CODE, CPSI, CSTR, CVX, DRIV, FSLR, IPG, MRK, OXY, PAAS, POT, S, STMP, SWC, WY

Top Active Trader Alert Stocks (DRIV, FTLK, LXK, PCL, PLD, RF, SUPG, TLAB, TXN, VECO, X, ZRAN)

Administrator — Tue, 26 Oct 2010 12:50:53 +0000

Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Digital River Inc. (NASDAQ: DRIV), Funtalk China Holdings Limited (NASDAQ: FTLK), Lexmark International Inc. (NYSE: LXK), Plum Creek Timber Co. (NYSE: PCL), Prologis (NYSE: PLD), Regions Financial Corp. (NYSE: RF), SuperGen Inc. (NASDAQ: SUPG), Tellabs, Inc. (NASDAQ: TLAB), Texas Instruments Inc. (NYSE: TXN), Veeco Instruments Inc. (NASDAQ: VECO), United States Steel Corp. (NYSE: X), and Zoran Corporation (NASDAQ: ZRAN).

Digital River Inc. (NASDAQ: DRIV) rose in after-hours trading by as much as 6% last night after it forecast 2010 earnings of at least $0.87 EPS vs. $0.77 estimates. Shares are still up about 2.5% at $36.51 versus a 52-week range of $21.83 to $36.93.

Funtalk China Holdings Limited (NASDAQ: FTLK) is trading lower after announcing that it intends to offer about 7,000,000 ordinary shares in a public offering. Shares are down 6.8% at $7.22 and the near-200K shares is already above an average day’s trading volume before the market is even open. Keep in mind that FunTalk postponed this offering once before due to market conditions.

Lexmark International Inc. (NYSE: LXK) is getting hit after earnings and after its CEO is retiring. Shares are down 7.8% at $44.00 in early trading.

Plum Creek Timber Co. (NYSE: PCL) was lower last night after the timber-land giant posted $0.20 EPS rather than $0.24 EPS targets; it also lowered 2010 guidance. Shares were down 4% last night a the stock is indicated down almost 6% now at $34.83 versus a 52-week range of $30.71 to $43.75,

Prologis (NYSE: PLD) was down 5% last night after it disclosed the sale of 80 million shares and plans to cut its quarterly dividend. Shares are down 5.4% at $12.18 versus a 52-week range of $9.15 to $15.04.

Regions Financial Corp. (NYSE: RF) may be advertising more on TV but the earnings came up short of estimates and the stock is getting clipped. Shares are down 9.7% at $6.35 in active pre-market trading.

SuperGen Inc. (NASDAQ: SUPG) is soaring in percentage terms this morning after beating earnings and raising 2010 guidance on strong Dacogen royalties. Shares are up 24.5% at $2.90 on nearly 100,000 shares; average volume is only 280,000 shares and the 52-week range is $1.71 to $3.80.

Tellabs, Inc. (NASDAQ: TLAB) reported earnings this morning that beat estimates but it issued a disappointing guidance for Q4 of revenues in a range of $410 to $430 million versus Thomson Reuters estimates of $441.2 million. Shares are down 11.9% at $7.10 this morning versus a 52-week range of $5.36 to $9.45.

Texas Instruments Inc. (NYSE: TXN) was at a two-year high going into earnings. Despite beating estimates, there was a sell-the-news reaction as guidance was put at $0.59 to $0.67 EPS vs. $0.63 estimates. Shares were down about 1% around $28.70 last night.

Veeco Instruments Inc. (NASDAQ: VECO) was lower after lower guidance of down to $285 million versus estimates closer to $315 million. Shares were down 6% at $37.44 in the after-hours session and the stock was down 5.5% at $37.55 on last look this morning.

United States Steel Corp. (NYSE: X) is trading lower on earnings, well on losses. The company lost $51 million for the quarter and shares are down 5.4% at $40.00 in active trading versus a 52-week trading range of $33.25 to $70.95.

Zoran Corporation (NASDAQ: ZRAN) tanked last night after poor earnings and a significant cut to guidance. Shares hit new 52-week lows as a result, assuming last night’s levels come close to holding. Shares are down 21.7% at $5.92 pre-market versus a prior 52-week range of $6.81 to $12.32.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: DRIV, FTLK, LXK, PCL, PLD, RF, SUPG, TLAB, TXN, VECO, X, ZRAN

Top 10 Analyst Upgrades and Downgrades (AAPL, ARMH, BIDU, CIT, DRIV, VTIV, OXGN, PSYS, RIMM, WLP)

Administrator — Wed, 31 Mar 2010 12:25:54 +0000

These are this Wednesday’s top ten analyst calls for upgrades, downgrades, and initiations seen in early Wall Street research calls:

Apple Inc. (NASDAQ: AAPL) Started as Outperform at BNP Paribas (overseas).
ARM Holdings (NASDAQ: ARMH) Cut to Hold at Deutsche Bank.
Baidu, Inc. (NASDAQ: BIDU) Reiterated Buy at Deutsche Bank, but target raised to $752 per share.
CIT Group, Inc. (NYSE: CIT) Started as Market Perform at KBW.
Digital River, Inc. (NASDAQ: DRIV) Raised to Outperform at FBR Capital Markets.
inVentiv Health (NASDAQ: VTIV) target raised to $27 from $20 and Maintained Buy at Auriga.
Oxigene Inc. (NASDAQ: OXGN) Started as Buy at Roth Capital.
Psychiatric Solutions, Inc. (NASDAQ: PSYS) Cut to Underweight at Piper Jaffray.
Research-in-Motion Ltd. (NASDAQ: RIMM) Started as Outperform at BNP Paribas; R-I-M was Suspended from coverage at Auriga, but kept at Hold and $71 price target.
WellPoint Inc. (NYSE: WLP) Raised to Outperform at BMO Capital.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, ARMH, BIDU, CIT, DRIV, OXGN, PSYS, RIMM, VTIV, WLP

Top Day Trader Alerts (BDK, DRIV, DNDN, DEPO, KBH, ONXX, V)

247wallst — Mon, 12 Oct 2009 12:57:12 +0000

These are this morning’s top day trader and active alert stocks moving on volume. We have provided links through to each stock with more detailed analysis and data at VSInvestor.com:

Black & Decker (NYSE: BDK) is running on significantly higher guidance.

Digital River, Inc. (NASDAQ: DRIV) is one of the biggest losers after Symantec is terminating a contract.

Dendreon Corporation (NASDAQ: DNDN) is surging over 5% on new solid board member additions to help it transition.

DepoMed, Inc. (NASDAQ: DEPO) is down over 30% after missing some hot flash trial endpoints.

KB Home (NYSE: KBH) is being hit by 5% on an SEC inquiry disclose.

ONYX Pharmaceuticals, Inc. (NASDAQ: ONXX) is trading up despite it acquiring a private company.

Visa Inc. (NYSE: V) is set to challenge 52-week highs on an upgrade.

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted in Pre-Market Activity, Trading Alert Tagged: BDK, DEPO, DNDN, DRIV, KBH, ONXX, V

Analyst Upgrades & Downgrades in Tech & Telecom (AKAM, DRIV, IFX, LEAP, PCS, NETL, SAP, TEL)

247wallst — Thu, 30 Jul 2009 12:12:18 +0000

These are the top upgrades, downgrades, and new coverage calls from Wall Street analysts in technology and telecom this Thursday morning:

Akamai Technologies (NASDAQ: AKAM) Cut to Hold at Jefferies; Cut to to Neutral from Buy at Merriman Curhan Ford.
Digital River (NASDAQ: DRIV) Cut to Hold at Deutsche Bank.
Infineon (NYSE:IFX) Raised to Buy at RBS.
Leap Wireless (LEAP) Cut to Neutral at RW Baird.
MetroPCS (NYSE: PCS) Cut to Neutral from Outperform at RW Baird…
NetLogic (NASDAQ: NETL) Cut to Neutral from Outperform at RW Baird.
SAP AG (NYSE: SAP) Raised to Hold from Sell at Societe Generale.
Tyco Electronics (NYSE: TEL) Raised to Buy from Neutral at UBS.

Jon C. Ogg
July 30, 2009

Posted in Analyst Calls, Technology Companies, Telecom Tagged: AKAM, DRIV, IFX, LEAP, NETL, PCS, SAP, TEL

Top 10 Analyst Upgrades & Downgrades (BHP, COST, DRIV, GT, PX, PZN, RAI, ROK, VIP, VMC)

247wallst — Thu, 30 Apr 2009 11:53:30 +0000

These are ten of the top analyst upgrades and downgrades we have seen from Wall Street early this Thursday morning:

BHP Billiton (BHP) Started as Outperform at RBC.
Costco (COST) Cut to Neutral at UBS.
Digital River (DRIV) Raised to Perform at Oppenheimer.
Goodyear Tire (GT) Cut to Hold at Citigroup.
Praxair (PX) Raised to Overweight at JPMorgan.
Pzena Investment (PZN) Raised to Overweight at JPMorgan.
Reynolds American (RAI) Cut to Neutral at UBS.
Rockwell Automation (ROK) Cut to Underperform at Baird.
Vimpel Comm (VIP) Cut to Neutral at UBS.
Vulcan Materials (VMC) Cut to Sell at Citigroup.

JON C. OGG

Posted in Analyst Calls Tagged: BHP, COST, DRIV, GT, PX, PZN, RAI, ROK, VIP, VMC

Top Analyst Upgrades (ADBE, ALGT, AXP, DRIV, GMR, MSFT, NFLX, OMTR, CRM, SYMC)

247wallst — Tue, 07 Apr 2009 11:52:19 +0000

These are some of the top analyst upgrades or positive initiations we have seen early this morning with about two hours until the open:

Adobe Systems (ADBE) Raised to Outperform at RBC.
Allegiant Travel (ALGT) Started as Overweight at Barclays.
American Express (AXP) Raised to Hold from Sell at Citigroup.
Digital River (DRIV) Raised to Outperform at RBC.
General Maritime (GMR) Raised to Overweight at JPMorgan.
Microsoft (MSFT) Raised to Outperform at RBC.
Netflix (NFLX) Started as Overweight at Thomas Weisel.
Omniture (OMTR) Raised to Outperform at RBC.
Salesforce.com (CRM) Raised to Outperform at RBC.
Symantec (SYMC) Raised to Outperform at RBC.

JON C. OGG

Posted in Analyst Calls Tagged: ADBE, ALGT, AXP, CRM, DRIV, GMR, MSFT, NFLX, OMTR, SYMC

Top Analyst Upgrades (BIG, GLW, DRIV, DUK, KSS, MEOH, PFE, STP, TRV, WYE)

247wallst — Tue, 10 Mar 2009 11:33:53 +0000

These are the top pre-market analyst upgrades and positive calls we have seen from analysts this Tuesday morning:

Big Lots (BIG) Raised to Buy at Soleil.
Corning (GLW) Raised to Buy at Collins Stewart.
Digital River (DRIV) Raised to Buy at Deutsche Bank.
Duke Energy (DUK) Raised to Outperform at Credit Suisse.
Kohl’s (KSS) Raised to Buy at BofA Merrill.
Methanex (MEOH) Raised to Outperform at CIBC.
Pfizer (PFE) Raised to Buy at UBS.
Suntech Power (STP) Raised to Market Weight at Thomas Weisel.
Travelers (TRV) Started as Outperform at Oppenheimer.
Wyeth (WYE) Raised to Buy at UBS.

JON C. OGG

Posted in Analyst Calls Tagged: BIG, DRIV, DUK, GLW, KSS, MEOH, PFE, STP, TRV, WYE

Top Pre-Market Analyst Upgrades (AMGN, CPLP, DRIV, DSX, DNA, GNK, MAKO)

247wallst — Thu, 02 Oct 2008 07:16:59 +0000

These are some of the top upgrades we are seeing from Wall Street analysts this morning:

Amgen (AMGN) Raised to Outperform at William Blair.
Capital Product Partners (CPLP) Started as Outperform at Oppenheimer.
Digital River (DRIV) Raised to Neutral at Goldman Sachs.
Diana Shipping (DSX) Started as Outperform at Oppenheimer.
Genentech (DNA) Raised to Outperform at William Blair.
Genco Ship & Trading (GNK) Started as Outperform at Oppenheimer.
Mako Surgical (MAKO) Started as Buy at Piper Jaffray.

Jon C. Ogg
October 2, 2008

Posted in Analyst Calls Tagged: AMGN, CPLP, DNA, DRIV, DSX, GNK, MAKO