24/7 Wall St. » FIG

Top Analyst Upgrades and Downgrades (BA, COST, CVRR, DFS, EPB, EQM, FIG, FCX, ORCL, SYMC, SYRG, TLLP, TXN, VZ, WAG, WMT, YUM, ZTS, AMD)

Jon C. Ogg — Wed, 13 Mar 2013 12:40:58 +0000

These are some of the top analyst upgrades, downgrades and reiterations seen by 24/7 Wall St. from the key Wall St. research calls this Wednesday.

Boeing Co. (NYSE: BA) reiterated Buy with $100 price target at BofA/Merrill Lynch.

Costco Wholesale Corp. (NASDAQ: COST) reiterated Buy and target raised by $2 to $115 at Argus.

CVR Refining L.P. (NYSE: CVRR) raised to Outperform and target raised to $34 from $32 at Credit Suisse.

Discover Financial Services (NYSE: DFS) reiterated Buy with $47 target at BofA/Merrill Lynch.

El Paso Pipeline Partners L.P. (NYSE: EPB) cut to Neutral but raised target by $1 to $44 at Credit Suisse.

EQT Midstream Partners L.P. (NYSE: EQM) cut to Neutral at Credit Suisse.

Fortress Investment Group LLC (NYSE: FIG) raised to Buy and target raised to $8.50 from $6 at Goldman Sachs.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) named Bear of the Day as copper and gold are weighing down lots of miners at Zacks Investment Research.

Oracle Corp. (NASDAQ: ORCL) raised to Buy from Hold at Canaccord Genuity.

Symantec Corp. (NASDAQ: SYMC) named Bull of the Day as cyber security threats are on the rise at Zacks Investment Research.

Synergy Resources Corp. (NYSEMKT: SYRG) started as Buy at KeyBanc.

Tesoro Logistics L.P. (NYSE: TLLP) cut to Neutral at Credit Suisse; cut to Neutral at BofA/Merrill Lynch.

Texas Instruments Inc. (NASDAQ: TXN) cut to Market Perform at Bernstein.

Verizon Communications Inc. (NYSE: VZ) reiterated Buy and raised target $6 to $54 at Argus.

Walgreen Co. (NYSE: WAG) raised to Buy at UBS.

Wal-Mart Stores Inc. (NYSE: WMT) reiterated Buy with $85 price target at BofA/Merrill Lynch.

Yum! Brands Inc. (NYSE: YUM) maintained Outperform and raised target by $3 to $70 at Credit SUisse.

Zoetis (NYSE: ZTS) started as Neutral at BofA/Merrill Lynch, started as Neutral at Goldman Sachs, started as Buy at Jefferies, started as Overweight at J.P. Morgan and started as Buy at Deutsche Bank.

Advanced Micro Devices Inc. (NYSE: AMD) was shown with a $5 to $7 valuation and was maintained as outperform at Wells Fargo on Tuesday, implying a stock that will double. Here were some of our issues with the call.

BofA/Merrill Lynch’s prized RIC Report looked great for stocks, but not for gold and bonds.

Here are 11 stocks which analysts expect to rise 50% to 100% (or more) over the next year.

Here is a list of eight companies that will benefit from the Keystone pipeline if approved.

Filed under: Active Trader, Analyst Calls, Value Investing Tagged: AMD, BA, COST, CVRR, DFS, EPB, EQM, FCX, FIG, ORCL, SYMC, SYRG, TLLP, TXN, VZ, WAG, WMT, YUM, ZTS

Top Analyst Upgrades and Downgrades (ADT, DD, EXC, FIG, HUN, JNPR, MNKD, QCOM, SSTK, TGT, UNH, DIS, WDAY, ZUMZ)

Jon C. Ogg — Mon, 05 Nov 2012 13:16:00 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday.

ADT Corp. (NYSE: ADT) started as Buy at Citigroup.

E.I. du Pont de Nemours & Co. (NYSE: DD) cut to Neutral at Piper Jaffray.

Exelon Corp. (NYSE: EXC) cut to Hold at Argus.

Fortress Investment Group LLC (NYSE: FIG) raised to Outperform at Oppenheimer.

Huntsman Corp. (NYSE: HUN) raised to Overweight at Piper Jaffray.

Juniper Networks Inc. (NYSE: JNPR) cut to Sector Perform at Pacific Crest.

MannKind Corp. (NASDAQ: MNKD) started as Buy at BofA/ML.

Qualcomm Inc. (NASDAQ: QCOM) raised to Buy at Nomura.

Shutterstock Inc. (NYSE: SSTK) started as Hold at Deutsche Bank, started as Equal Weight at Morgan Stanley and started as Buy at Jefferies.

Target Corp. (NYSE: TGT) raised to Overweight at JPMorgan.

UnitedHealth Corp. (NYSE: UNH) started as Outperform at Credit Suisse.

The Walt Disney Co. (NYSE: DIS) raised to Buy at Argus.

Workday Inc. (NYSE: WDAY) started as Buy at Canaccord Genuity and started as Outperform at William Blair.

Zumiez Inc. (NASDAQ: ZUMZ) cut to Neutral at JPMorgan.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ADT, DD, DIS, EXC, FIG, HUN, JNPR, MNKD, QCOM, SSTK, TGT, UNH, WDAY, ZUMZ

The Next Mergers & Buyouts For 2012

Jon C. Ogg — Mon, 02 Jul 2012 12:14:12 +0000

As of late last week we had many potentially imminent buyouts that could have hit the market. When we were just finishing the report draft on Friday is when the Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) deal was announced. Now there are reports that the ongoing bidding war for Quest Software Inc. (NASDAQ: QSFT) is ending and a smaller merger to acquire Brightpoint, Inc. (NASDAQ: CELL) has also hit the tape. 24/7 Wall St. wanted to give investors a review of the other potentially pending mergers which could come as soon as this summer.

Our list of merger candidates includes Best Buy Co., Inc. (NYSE: BBY), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Huntsman Corporation (NYSE: HUN), RailAmerica, Inc. (NYSE: RA), and SUPERVALU Inc. (NYSE: SVU). We also wanted to address the possibilities of MetroPCS Communications, Inc. (NYSE: PCS) and/or Leap Wireless International Inc. (NASDAQ: LEAP) entering the M&A pool. We have looked at formal valuations on each of these with consideration of earnings or losses, market values, and what Wall Street analysts belive a fair-value happens to be.

Late Friday night came word that Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) was going to finally be acquired by Bristol-Myers Squibb Co. (NYSE: BMY) for $5.3 billion or $31.00 per share in cash. What is interesting is that if you divvy up the side deals the company is being acquired for far less. This one had been a buyout candidate for years and started to come to fruition only in recent months with many rumored suitors. What was interesting here is that the buyout price was about 50% higher than what Wall Street analysts were willing to value this company at on a standalone basis.

It was announced early Monday morning that technology distributor Ingram Micro Inc. (NYSE: IM) was going to acquire Brightpoint, Inc. (NASDAQ: CELL) for its footprint covering the wireless and mobile segment of the electronics distribution. The high-premium buyout of $9.00 per share in cash is a 66% premium to last week’s close and is valued at approximately $840 million after the assumption of debt. Brightpoint has been a sleeper stock, but some investors thought that this one might be acquired all the way back in the late 1990s.

Quest Software Inc. (NASDAQ: QSFT) is in a bidding war with private equity and other parties, which leaves Dell Inc. (NASDAQ: DELL) as the primary rumored bidder ($2.4 billion deal now confirmed at $28 per share in cash). The stock price is above the current offer and the market value of $2.35 billion is not exactly too expensive to justify at under 17-times expected earnings. The data and enterprise management software player had already said that it has a ‘superior’ offer of $27.50 per share and the rumors are out that deal terms could come as early as this week.

Here are the next potential mergers and buyouts we are tracking.

Filed under: Active Trader, Banking, Banking & Finance, Brokerage Firms, Buffett, Business Services, Compensation, Corporate Governance, Economy, Editor's Picks, International Markets, IPOs, IPOs & Secondaries, Large Cap Stocks, Management Change, Mergers & Acquisitions, Mergers and Buy Outs, Personal Finance, Private Equity, Rumors, Services Tagged: AMLN, AMZN, APO, BAC, BBY, BMY, BRK-A, CELL, DELL, featured, FIG, GMCR, HUN, IM, KKR, LEAP, MCD, PCS, QSFT, RA, S, SBUX, SVU, WMT

As the World Burns… Buffett & Berkshire Spending Billions For Private Jets and Mortgage Assets (BRK-A, BRK-B, TXT, FIG)

Jon C. Ogg — Tue, 12 Jun 2012 16:55:06 +0000

If you have watched the flow of news out of Asia and Europe over the last month, you might have had a reason to think that the world was going to hell in a handbasket. One week of a market recovery and a Spanish bailout may have changed this opinion temporarily, but summers are often a difficult time to be in the business of playing in teh markets. If things are really so bad, why are Warren Buffett and Berkshire Hathaway, Inc. (NYSE: BRK-A) giving the largest private jet order in history and why are they buying more interest in bankrupt mortgage assets?

Berkshire Hathaway owns NetJets, the fractional ownership airline for the wealthy and corporate clients who prefer to buy jet use time units rather than paying to own one entirely. The purchase was to add up to 425 new jets to the NetJets fleet and the total order size for Bombardier and Cessna may total as much as $9.6 billion. Cessna is part of Textron Inc. (NYSE: TXT). The breakdown is for up to 275 Bombardier Challenger aircraft, including 100 firm orders and options for 175 more, with deliveries scheduled to begin in 2014. This is also up to 150 Cessna Citation Latitudes, with 25 firm orders and options for 125 more planes, and those deliveries are set to start in 2016.

Last night came reports from Bloomberg that Berkshire Hathaway was looking to buy the Residential Capital mortgage unit. The report noted that Berkshire Hathaway offered to buy Residential Capital LLC’s mortgage unit and that Buffett aims to replace Fortress Investment Group LLC (NYSE: FIG) as “the initial bidder at an auction for the bankrupt company’s most-valuable asset.” Court filings on Monday showed that Berkshire Hathaway would trump Fortress and Ally in this aim. Private jets and mortgage assets? This would beg the question… “Just how bad are things in reality?”

Warren Buffett has said over and over in the past that one great strategy is to be greedy when others are fearful and to be fearful when others are greedy. Of course, that always assumes that a total economic wipe-out doesn’t arise.

JON C. OGG

Filed under: Aerospace, Aerospace & Defense, Banking & Finance, Bankruptcy, Bonds, Brokerage Firms, Buffett, Conglomerates, Corporate Governance, Economy, Housing, Industrials, International Markets, Luxury, Retail, Transportation, Transports Tagged: BRK-A, BRK-B, FIG, TXT

Media Digest (1/25/2011) Reuters, WSJ, NYT, FT, Bloomberg

Douglas A. McIntyre — Wed, 25 Jan 2012 11:35:38 +0000

Apple (NASDAQ: AAPL) has another blow-out quarter driven by iPhone sales. (Reuters)

Japan has its first trade deficit since 1980. (Reuters)

Yahoo! (NASDAQ: YHOO) posts weak earnings on a revenue drop. (Reuters)

International Monetary Fund’s Lagarde says that if Europe combined the ESFS and ESM rescue funds, it would raise confidence in the chance that a bailout of weak economies would work. (Reuters)

A PricewaterhouseCoopers study shows CEOs are concerned about a negative reaction to the situation in Europe. (Reuters)

More cracks are found in the wings of Airbus A380 super jumbos. (Reuters)

Roche offers $5.7 billion to buy gene map firm Illumina (NASDAQ: ILMN). (Reuters)

The Baltic Exchange’s measure of the cost of shipping commodities plunges, an indication of a slow economy. (Reuters)

Ericsson’s (NASDAQ: ERIC) shares plunge after it said profit for Q4 dropped sharply. (Reuters)

Facebook will suspend trading in its shares for three days, but does not explain why. (Reuters)

EU executives will block an NYSE Euronext (NYSE: NYX) merger with Deutsche Borse. (Reuters)

Google (NASDAQ: GOOG) to combine information on users, which will make it harder for them to keep private. (WSJ)

Morgan Stanley (NYSE: MS) presses to lead the Facebook IPO. (WSJ)

The parent company of British Air may be part of an AMR buyout. (WSJ)

The IMF cuts its forecasts for most nations around the world. (WSJ)

AMD (NYSE: AMD) shows a loss on large write-downs. (WSJ)

The Defense Department to reveal its plans for budget cuts. (WSJ)

The PMI of many parts of Europe rises. (WSJ)

EU finance ministers press Greece and its private creditors to settle differences on refinancing. (WSJ)

General Motors (NYSE: GM) is accused of using the government bailout as the means to make the Chevy Volt. (WSJ)

McDonald’s (NYSE: MCD) quarter is driven in part by late-night food sales. (WSJ)

Del Frisco’s Restaurant Group plans to go public to raise $100 million. (WSJ)

Olympus is in talks with Sony (NYSE: SNE) to raise $1.3 billion. (WSJ)

The Avenue Capital Group will take over Quiznos as part of a debt restructure. (WSJ)

Gannett (NYSE: GCI) buys Fantasy Sports Ventures so that it can focus more on sports news. (WSJ)

Daniel Mudd, CEO of Fortress (NYSE: FIG), leaves after charges of securities fraud. (WSJ)

Morgan Stanley makes only a small number of its executives new managing directors. (WSJ)

European banks restructure to improve balance sheets, but some moves may be blocked by regulators worried the changes could hurt the financial system. (NYT)

The European Central Bank faces losses on Greek bonds that could reach 55 billion euro. (NYT)

Oil imports helped drive Japan’s rare trade deficit. (NYT)

The IMF presses the ECB to take larger losses on Greek bonds. (FT)

Citigroup (NYSE: C) may make more spending cuts in its securities group. (Bloomberg)

Douglas A. McIntyre

Filed under: Media, Press Digest Tagged: AAPL, AMD, C, ERIC, FIG, GCI, GM, GOOG, ILMN, MCD, MS, NYX, SNE, YHOO

Carlyle Remains On Track for 2012 IPO (CG, BX, KKR, ACAS, OZM, FIG, PSP)

Jon C. Ogg — Wed, 11 Jan 2012 16:44:44 +0000

The Carlyle Group L.P. is still planning to be one of the top private equity initial public offerings of 2012. We even named it as one of the Top 17 IPOs to Watch in 2012. That charge is not due to its size… It is due to the notion that every private equity shop out there may start to value the company based upon what happens in the after-market in the weeks and months after the IPO.

Some of the private equity firms which will be watching this offering closely are The Blackstone Group (NYSE: BX) worth $7.4 billion, Kohlberg Kravis Roberts & Co. (NYSE: KKR) worth $3.1 billion, American Capital, Ltd. (NASDAQ: ACAS) worth almost $2.5 billion, Och-Ziff Capital Management Group LLC (NYSE: OZM) worth about $925 million, and Fortress Investment Group LLC (NYSE: FIG) worth about $665 million. There is also the PowerShares Global Listed Private Equity (NYSE: PSP) ETF that Carlyle will ultimately become a part of when it comes public.

Carlyle is going to list on NASDAQ rather than on the NYSE and it is going to list under the ticker “CG” for its units. No financial terms have been set for the deal. The private equity giant has selected J.P. Morgan, Citigroup, and Credit Suisse as the listed book-runners for this IPO.

It is hard to admit that it was hard to ignore that the founders made a combined $413 million in 2011 ahead of this IPO. The full amended filing is here.

One reason that private equity deals matter to the public right now is because of Mitt Romneys’s roots back to Bain and the current misconceptions about what private equity firms actually do. While layoffs happen at most private equity buyout targets, many of those businesses were failing to generate profits and many may have eventually folded on their own. Who are the largest clients of private equity firms? Usually company and governmental pension funds.

JON C. OGG

Filed under: Banking, Banking & Finance, Brokerage Firms, Financial Stocks, IPOs, IPOs & Secondaries, Mergers & Acquisitions, Mergers and Buy Outs, Private Equity Tagged: ACAS, BX, CG, FIG, KKR, OZM, PSP

Carlyle IPO Filing: Making the Billions Even More Liquid

Jon C. Ogg — Tue, 06 Sep 2011 14:17:22 +0000

Another private equity giant is set to come public in an initial public offering. The Blackstone Group (NYSE: BX), Apollo Global Management, LLC (NYSE: APO), Kohlberg Kravis Roberts & Co. (NYSE: KKR), and Fortress Investment Group LLC (NYSE: FIG) are already public. Now it looks as though The Carlyle Group L.P. will join the private equity brethren as a publicly traded entity.

While financial terms have not been set, it is interesting that this initial public offering is currently for only “up to $100 million” in common units for sale in the filing. The underwriters so far named are J.P. Morgan, Citigroup, and Credit Suisse.

As of June 30, 2011, Carlyle showed roughly $153 billion in assets under management. That was up from $107 billion at the end of 2010, but that gain includes the benefits of the acquisitions of AlpInvest Partners B.V. and Emerging Sovereign Group LLC on July 1, 2011.

Carlyle is one of the most prestigious private equity players on the planet. It is extremely diversified in portfolio companies and in geographies in multiple asset classes and in multiple investment strategies. Its $153 billion in assets under management is spread among 86 funds and 49 fund of funds vehicles. The company itself has over 1,100 employees, which are comprised of over 500 investment professionals, in 34 offices on six continents.

The company noted in the filing that it serves over 1,400 carry fund investors from 73 countries.
The company’s total footprint is shown as being over 200 portfolio companies that employ more than 600,000 people under its Corporate Private Equity and Real Assets segments.

Revenues in the first six months of 2011 have been $1.796 billion and distributable earnings have been $373.2 million. Total segment revenues for all of 2010 were $2.385 billion with distributable earnings coming to $342.5 million.

The FULL SEC FILING is available here.

Keep in mind that investors can actually invest in a private equity ETF if they want to spread the wings out other than just in one firm. There is the PowerShares Listed Private Equity (NYSE: PSP) which tracks the Global Listed Private Equity index with at least 90% of its assets in securities of publicly listed private equity companies, business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.

JON C. OGG

Filed under: Banking & Finance, Brokerage Firms, Financial Stocks, IPOs, IPOs & Secondaries, Mergers & Acquisitions, Mergers and Buy Outs, Private Equity Tagged: APO, BX, FIG, KKR, PSP

The 24/7 Wall St. Top 10 Analyst Calls of the Week (ALU, BIDU, C, FIG, GOOG, LULU, RENN, SHLD, SPRD, WDC)

Jon C. Ogg — Sat, 02 Jul 2011 11:45:29 +0000

Each morning we cover about fifteen top analyst calls for investors and traders to consider. Some calls offer great insight, and some are quite literally career-killing flops. At the end of the week we go back over the calls we covered and the ones we missed to highlight the “Top Analyst Calls of the Week.” This week wave ten top research calls that stood out from the pack in the following: Alcatel-Lucent (NYSE: ALU); Baidu, Inc. (NASDAQ: BIDU); Citigroup, Inc. (NYSE: C); Fortress Investment Group (NYSE: FIG); Google Inc. (NASDAQ: GOOG); Lululemon Athletica Inc. (NASDAQ: LULU); Renren Inc. (NYSE: RENN); Sears Holding Corporation (NASDAQ: SHLD); Spreadtrum Communications Inc. (NASDAQ: SPRD); and Western Digital Corporation (NYSE: WDC).

We have outlined the analyst calls, shown an impact and added in color on each if applicable. As a bonus, we also covered a list of biotech buyout candidates from UBS and we covered the mega-IPO from London-listed Glencore as the commodity giant’s quiet period ended.

Alcatel-Lucent (NYSE: ALU) was raised to Buy at UBS on Thursday, and the implied price target was raised to $6.61. The argument is that the selling from the peak in May has led to an oversold reading in the stock. This is still one of the best recovered networking and telecom equipment players out there for 2011.

Baidu, Inc. (NASDAQ: BIDU) may be a controversial call here. Sure China is slowing, but things are just picking back up for the stock and for some China players after getting beaten for weeks due to accounting fears in all aspects of China. S&P Equity Research downgraded the shares to “Hold” from “Buy” on Thursday during the afternoon. The stock paid no attention to the downgrade for all practical purposes.

Biotech and Emerging Pharma was given an interesting call from the analyst teams over at UBS. The research group came up with four biotech buyout targets this week.

Citigroup, Inc. (NYSE: C) was raised to Buy with a $53 target at BofA/Merrill Lynch this week and the macro-events must have been perfectly timed for this. What is interesting is that this must have been a self-serving upgrade around the huge mortgage settlement that was also given an extra boost from the debit card swipe-fee being lifted from $0.12 to $0.21 on average. We have always said this and still maintain it… “When analysts at investment banks upgrade their competitor shares, they may really be upgrading their own shares.”

Fortress Investment Group (NYSE: FIG) was given a big private equity valuation pop as being much better positioned than many private equity peers. Credit Suisse started analyst coverage with an “Outperform” and it gave it a $7.00 price target objective. What matters about that is the implication… it was calling for more than 50% upside in the units.

Google Inc. (NASDAQ: GOOG) made a huge score this week. Canaccord Genuity reiterated its “Buy” rating on Google, but it also came out maintained its Street-High $800 price target. That might be too aggressive for our own breaches, but that implied more than 60% upside. Shares were at $480 on Monday and up close to $520 on Friday. Not bad.

Filed under: Analyst Calls, Calendar, The Week Tagged: ALU, BIDU, C, FIG, GOOG, LULU, RENN, SHLD, SPRD, WDC

Top Analyst Upgrades & Downgrades (ACN, CATO, FVE, FIG, HCBK, MET, SHLD, SINA, SPRD, VIV, THI)

Jon C. Ogg — Mon, 27 Jun 2011 12:03:55 +0000

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

Accenture plc (NYSE: ACN) Reiterated Buy and Raised target at Argus.
Cato Corporation (NYSE: CATO) Reiterated Strong Buy as Value at Zacks.
Five Star Quality Care Inc. (NYSE: FVE) Started as Buy at Jefferies.
Fortress Investment Group (NYSE: FIG) Started as Outperform with $7 target at Credit Suisse.
Hudson City Bancorp, Inc. (NASDAQ: HCBK) Raised to Market Perform at FBR.
MetLife Inc. (NYSE: MET) Reiterated Buy at Argus.
Sears Holding Corp. (NASDAQ: SHLD) Maintained Underperform as Bear of the Day at Zacks.
Sina Corporation (NASDAQ: SINA) Raised to Neutral at Goldman Sachs.
Spreadtrum Communications Inc. (NASDAQ: SPRD) Reiterated Buy at BofA/ML.
Telesp S.A. (NYSE: VIV) Raised to Outperform as Bull of the Day at Zacks.
Tim Hortons Inc. (NYSE: THI) Started as Buy at BofA/ML.

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: ACN, CATO, FIG, FVE, HCBK, MET, SHLD, SINA, SPRD, THI, VIV

Top Analyst Upgrades & Downgrades (ARUN, CMI, DMND, ENZN, FCEL, FIG, HLF, KFT, MYGN, NTAP, OIS, PMTC, PTR, PETD, SWFT)

Jon C. Ogg — Wed, 15 Jun 2011 12:23:53 +0000

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

Aruba Networks, Inc. (NASDAQ: ARUN) Started as Buy at UBS.
Cummins, Inc. (NYSE: CMI) Reiterated Outperform as Bull of the Day at Zacks.
Diamond Foods, Inc. (NASDAQ: DMND) Started as Buy at Jefferies.
Enzon Pharmaceuticals, Inc. (NASDAQ: ENZN) Cut to Underperform as Bear of the Day at Zacks.
Fortress Investment Group (NYSE: FIG) Raised to Outperform at Credit Suisse.
FuelCell Energy Inc. (NASDAQ: FCEL) Maintained Buy with $3 target at Canaccord Genuity.
Herbalife Ltd. (NYSE: HLF) Reiterated Buy and raised target to $63 at Argus.
Kraft Foods Inc. (NYSE: KFT) Started as Buy at Jefferies.
Myriad Genetics Inc. (NASDAQ: MYGN) Raised to Buy at Auriga.
NetApp Inc. (NASDAQ: NTAP) Raised to Outperform at Credit Suisse.
Oil States International, Inc. (NYSE: OIS) Reiterated Strong Buy as Value at Zacks.
Parametric Technology Corporation (NASDAQ: PMTC) Reiterated Buy with $28 target at Canaccord Genuity.
PetroChina Co. Ltd. (NYSE: PTR) Raised to Buy at BofA/ML.
Petroleum Development Corporation (NASDAQ: PETD) Raised to Overweight at JPMorgan.
Swift Transportation Co., LLC (NYSE: SWFT) Raised to Overweight at JPMorgan.

JON C. OGG

Filed under: Analyst Calls Tagged: ARUN, CMI, DMND, ENZN, FCEL, FIG, HLF, KFT, MYGN, NTAP, OIS, PETD, PMTC, PTR, SWFT