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Top Analyst Upgrades & Downgrades (AMZN, APC, BIIB, CRIC, DFS, EJ)

Administrator — Fri, 31 Dec 2010 13:32:49 +0000

The research calls are running light as many markets either close early or are on very low volume with skeleton crews manning the trading desks. These are some of this Friday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Amazon.com Inc. (NASDAQ: AMZN) Maintained Hold at Argus.
Anadarko Petroleum Corp. (NYSE: APC) maintained Buy at BofA/ML, but the firm noted $110 as a starting point fair value M&A target late Thursday.
Biogen Idec, Inc. (NASDAQ: BIIB) Reiterated Neutral but raised target to $70 at BofA/ML.
China Real Estate Information Corporation (NASDAQ: CRIC) Started as Buy and $11.60 target at Jefferies.
Discover Financial Services (NYSE: DFS) Reiterated Outperform but Raised target to $22 at FBR.
Dr. Pepper Snapple (NYSE: DPS) Maintained Neutral but Cut target to $39 at Goldman Sachs.
E-House Holdings Ltd. (NYSE: EJ) Started as Buy and $21.50 target at Jefferies.

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JON C. OGG

Filed under: Analyst Calls Tagged: AMZN, APC, BIIB, CRIC, DFS, EJ

IPO ALERT: China Real Estate Information Involves Other Companies (CRIC, EJ, SINA)

247wallst — Fri, 16 Oct 2009 13:21:10 +0000

China Real Estate Information Corporation (NASDAQ: CRIC) has priced its 18 million share initial public offering at $12.00 per share. While this is not an easy structure, this IPO has ramifications for two other big Chinese public companies. CRIC is a subsidiary of E-House (China) Holdings Limited (NYSE: EJ) and it will merge with the online real estate business of SINA Corporation (NASDAQ: SINA) effective as of the closing of CRIC’s IPO.

This IPO was in the middle of the pricing range of $11.80 to $13.80 that had been indicated. Credit Suisse and UBS were the joint book-runners on the deal, and these underwriters were given a 30-day option to buy up to 2,700,000 additional ADSs from CRIC to cover over-allotments.

E-House will be the majority shareholder of CRIC and SINA will be the second largest shareholder of CRIC. All shares being sold in the IPO are being sold by the company.

China Real Estate Information is a provider of real estate information and consulting services with a presence in over 50 cities across China with a database and contact base which provides a broad range of real estate-related services to developers, suppliers, agents, brokers, service providers and individual consumers.

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

JON C. OGG
OCTOBER 16, 2009

Posted in ADR, Business Services, China, Mergers and Buy Outs, REIT Tagged: CRIC, EJ, SINA

Top 10 Analyst Upgrades and Downgrades (AMGN, AVY, COLM, DSGX, EJ, JASO, KG, SCSS, SPWRA, THC)

247wallst — Fri, 14 Aug 2009 11:51:41 +0000

These are the ten top analyst upgrades,downgrades, and initiations we have seen early this Friday morning with roughly two hours until the market opens:

Amgen (AMGN) Cut to Hold at Citigroup.
Avery Dennison (AVY) Raised to Overweight at JPMorgan.
Columbia Sportswear (COLM) Raised toOverweight at Barclays.
Descartes Systems (DSGX) Started as Overweight at Thomas Weisel.
eHouse China (EJ) Raised to Outperform at Oppenheimer.
JA Solar (JASO) Cut to Equal Weight t Barclay.
King Pharma (KG) Cut to Hold at Needham.
Select Comfort (SCSS) Reinitiated as Buy at KeyBanc.
SunPower (SPWRA) Started as Buy at Needham.
Tenet Healthcare (THC) Raisd to Outperform at Baird.

JON C. OGG
August 14, 2009

Posted in Analyst Calls Tagged: AMGN, AVY, COLM, DSGX, EJ, JASO, KG, SCSS, SPWRA, THC

China Market Madness: China Natural Resources (CHNR) Up 75%

247wallst — Tue, 02 Oct 2007 16:12:58 +0000

China Natural Resources (CHNR) hit a new high of $27.90 on new apparent news. That was a 75% increase for day.

China Technology Development (CTDC) was up 45% to a new high of $10.08.

Baidu Com (BIDU), the Chinese search engine company, was up 13% to to a new high of $320.58. At least it got a broker upgrade.

E House China Hldgs (EJ) rose 13% to a new high of $29.38. No news there.

Yingli Green Energy (YGE) hit a new high of $31.15, up 13%. Not any news.

China Telecom (CHA) and China Life (LFC) also managed new highs.

Seems like a pattern.

Douglas A. McIntyre