Posts for Ticker ‘FDO’

Top Analyst Upgrades and Downgrades (ANF, FRED, FDO, FINL, SEPR, VMED, WTNY, ZUMZ)

It is looking pretty thin in analyst calls ahead of the 3-day weekend, but these are some of the top research upgrades, downgrades, and initiations we have seen this Friday morning:

Abercrombie & Fitch (ANF) cut to Sell from Hold at Citi.
Fred’s Inc. (FRED) Cut to Market Perform at William Blair.
Family Dollar Stores (FDO) Cut to Market Perform at William Blair.

Finish Line (FINL) Started as Outperform at Wedbush Morgan.
Sepracor (SEPR) Raised to Neutral at Goldman Sachs.
Virgin Media (VMED) Started as Outperform by Credit Suisse.
Whitney Holding (WTNY) Raised to Buy at SunTrust Robinson Humphrey.
Zumiez (ZUMZ) Cut to Hold at KeyBanc.

JON C. OGG

Private Equity IPO: KKR’s Dollar General Files For IPO (DG, FDO, DLTR, NDN)

Dollar General LogoWe have already noted on numerous occasions how the floodgates for re-sales or re-IPO’s of old private equity acquisitions have to come back on the market.  And now we have the first of many large private equity deals coming.  Dollar General Corporation has filed to come public via an initial public offering for up to $750 million worth of common stock.
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Top Analyst Upgrades (ARLP, MDRX, FDO, GFI, LOW, MSSR, MDR, TASR)

These are the top upgrades and positive calls we have seen from analysts on Wall Street this Friday morning:

  • Alliance Resource (ARLP) Raised to Buy at Citigroup.
  • Allscripts-Misys Healthcare (MDRX) Started as Outperform at Morgan Keegan.
  • Family Dollar (FDO) Raised to Neutral at JPMorgan.
  • Gold Fields (GFI) Raised to Overweight at JPMorgan.
  • Lowe’s (LOW) Raised To Outperform at FBR.
  • McCormick & Schmick’s (MSSR) Raised to Outperform at Oppenheimer.
  • McDermott (MDR) Raised to Buy at Jefferies.
  • TASER (TASR) Raised to Buy at Merriman Curhan Ford.

JON C. OGG

Are Dollar Stores Finally a Sell? (DLTR, NDN, FDO)

Broken_money_merger_image_2The ever-weakening economy is driving consumers to lower and lower priced goods.  It is called the "trade-down economy" where people buy cheaper goods rather than nothing at all.  That is great for the dollar stores.  But this morning there was a downgrade of Dollar Tree Inc. (NASDAQ: DLTR) by Goldman Sachs which might raise some eyebrows.

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Top 10 Pre-Market Analyst Calls (AUO, ESRX, FDO, GRMN, PBR, PZE, PPDI, SFLY, TSO, ZUMZ, CAL, DAL, NWA, UAUA, LCC, AMR)

These are not the only key analyst calls coming out of Wall Street analysts today, but these are the key calls that 247WallSt.com is focusing on in pre-market hours:

  • AU Optronics (AUO) raised to Outperform at Lehman.
  • Express Scripts (ESRX) downgraded to Market Perform at Wachovia.
  • Family Dollar (FDO) downgraded to Underperform at Bear Stearns.
  • Garmin (GRMN) downgraded to Hold from Buy at Deutsche Bank.
  • Petrobras Brasiliero (PBR) downgrades to Sell from Hold at Citigroup.
  • Petrobras Energia (PZE) downgraded to Underperform from Peer Perform at Bear Stearns.
  • PPD Inc. (PPDI) raised to Buy at UBS.
  • Shutterffly (SFLY) raised to Buy at Jefferies.
  • Tesoro (TSO) downgraded to Underperform from Peer Perform at Bear Stearns.
  • Zumiez (ZUMZ) raised to Buy at Piper Jaffray.
  • UBS RAISED AIRLINES: Continental (CAL), Delta (DAL), Northwest Airlines (NWA), UAL (UAUA), and United (LCC) all raised to Buy from neutral; AMR (AMR) raised to Neutral from Sell.  Incidentally, Bear Stearns also raised Delta (DAL) to an Outperform rating.

Jon C. Ogg
January 9, 2008

The 52-Week Low Club

AMR (AMR) High fuel prices and predictions industry will lose money in Q4. Drops to $17.60 from 52-week high of $41.

NCI Building Systems (NCS) Company says it will miss 2008 numbers. Down to $28.09 from 52-week high of $60.61.

Family Dollar Stores (FDO) Dragged down by bad numbers out of discount stores. Trades off to $18.92 from 52-week high of $35.42.

Panacos Pharmaceuticals (PANC) Disappointing results from HIV drug trials. Falls to $.70 from 52-week high of $6.42.

Medarex (MEDX) Cancer drug does poorly in late-stage trials. Sells down to $10.44 from 52-week high of $18.23.

Douglas A. McIntyre

Pre-Market Stock News (December 6, 2007)

Below is some of the top pre-market news affecting individual shares that 247WallSt.com is reviewing:

  • AMERCO (NASDAQ: UHAL) announce a $50 million share buyback plan.
  • Children’s Place Retail Stores (NASDAQ: PLCE) NOV s-s-s were +3%.
  • Coca-Cola (NYSE: KO) announced its CEO succession plan, Kent will replace Isdell in July 2008.
  • Costco (NASDAQ: COST) same-store sales rose 9%. Analysts had expected 6.6%.
  • Eli Lilly (NYSE: LLY) put 2008 EPS guidance at $3.85-4.00, slightly above consensus.
  • Family Dollar (NYSE: FDO) issued downside guidance with same-store-sales.
  • Freeport-McMoRan (NYSE: FCX) was noted as Cramer’s Top Mining & Minerals stock on MAD MONEY.
  • GameStop Corp. (NYSE:GME) will replace Dow Jones (NYSE:DJ) in the S&P 500 Index on date TBA.
  • Hoku Scientific (NASDAQ: HOKU) shares trading up 35% after it signed a term sheet for financing its Polysilicon Plant in Idaho with $185 million.
  • Limited Brands (NYSE: LTD) NOV s-s-s -7%.
  • Pacific Sunwear (NASDAQ: PSUN) NOV s-s-s +2.3%.
  • Rambus (NASDAQ: RMBS) rose 1.7% to $20.19 as SEC dropped options investigation with no action recommended.
  • Sierra Pacific (NYSE: SRP) filed to sell 12 million shares in a secondary.
  • Toll Brothers (NYSE: TOL) reported its first quarterly loss in two decades; EPS were -$0.52 versus -$0.47 estimates.
  • VF Corp. (NYSE: VFC) noted as Buy by Cramer on MAD MONEY.

Jon C. Ogg
December 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

The Week of Stock Buybacks & Repurchase (COH, FIC, MIR, AVCT, HOT, AGO, HEES, CBG, TER, FDO, RWT, LH, VIGN, CSCO)

Coach (NYSE:COH) has decided that the recent stock crush is a good opportunity to announce a $1 Billion share buyback plan. This represents roughly 30 million shares, or 5-times average volume; $12 Billion market cap.

Fair Isaac (NYSE:FIC) approved a $250 million share buyback plan, compared to a market cap of $2 Billion.

Mirant Corp. (NYSE:MIR) had one of the more impressive buybacks and share retirement plans announced, although its shares fell 8% because of losses.  Mirant’s total return plan is some $4.6 Billion, which includes $1 Billion in open market purchases and a $ 1Billion accelerated buyback plan.  This has been under review for the Special Situation Investing Newsletter.

Avocent Corp. (NASDAQ:AVCT) added 3 million shares to its stock repurchase program; Avocent has repurchased 11.2 million shares of the 12 million shares previously approved. The buyback equates to $75 million more in buybacks if completed, compared to a $1.25 Billion market cap and it represents about 8 days of trading volume.

Starwood Hotels & Resorts (NYSE:HOT) raised its dividend and added $1 Billion to share buybacks, compared to a $10.5 Billion market cap.  This one has also been under review for the Special Situation Investing Newsletter.

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