Posts for Ticker ‘FRO’

Top 10 Analyst Upgrades & Downgrades (ACN, ASCA, KMX, DNDN, FRO, MEOH, PGR, VRSN, WAT)

These are the top ten analyst upgrades and downgrades we have seen from Wall Street early this Monday morning with more than two hours until the market opens:

  • Accenture (ACN) Raised to Positive at Susquehanna.
  • Ameristar Casinos (ASCA) Raised to Overweight at JPMorgan.
  • CarMax (KMX) Cut to Hold at Deutsche Bank.
  • Dendreon (DNDN) Raised to Hold from Sell at McAdams Wright Ragen.
  • Frontline Ltd. (FRO) Raised to Buy at Goldman Sachs.
  • Methanex (MEOH) Cut to Outperform at Raymond James.
  • Progressive (PGR) Cut to Market Perform at FBR.
  • VeriSign (VRSN) Raised to Overweight at JPMorgan.
  • Waters (WAT) Raised to Outperform at Robert W. Baird.

Jon C. Ogg
June 22, 2009

Shipping Stocks Try To Find Safe Harbors (SFL, FRO, OSG, NAT, SB, SEA)

Cargo_ship_picIt is no secret that shipping stocks have been horrible performers of late.  In fact, they have made the dismal performance seen at some trucking companies look like trucking was a blue chip sector. 

A recent industry contact told us just how bad the shipping business has gotten.  A ship leased in May for a China departure was leased at more than 10-times the day rate that the same ship leased for in mid-October.  His comment was that it felt as though China was going to return to farming rather than building infrastructure and manufacturing facilities.

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Pre-Market Analyst Calls (July 13, 2007)

AOB started as Outperform at CIBC.
AUY started asOutperform at Credit Suisse.
BGFV cut to Sector Perform at CIBC.
BJ raised to Equal Weight at Lehman.
BLK started as Outperform at Wachovia.
CCL raised to Overweight at JPMorgan.
CHE cut to Hold at Deutsche Bank.
CIT cut to Sector PErform at CIBC.
CREE started as Hold at Deutsche Bank.
DWA started as Buy at Stifel Nicolaus.
EMC cut to Mkt Perform at Morgan Keegan.
FRO cut to Reduce at UBS.
HAL raised to Outperform at Credit Suisse.
HDB started as Buy at Jefferies.
IBN started as Buy at Jefferies.
NATI raised to Overweight at Thomas Weisel.
NDN raised to Buy at Deutsche Bank.
PPDI cut to Hold at Jefferies.
RCL raised to Overweight at JPMorgan.
RNOW started as Hold at Cantor Fitzgerald.
RSH cut to Sell at B of A.
SEB raised to Buy at Jefferies.
SWK started as Neutral at B of A.
SWY raised to Equal Weight at Lehman.
VRSN raised to Buy at Jefferies.
VSCN cut to Mkt Perform at FBR.
WON cut to Sell at Citigroup.
ZBRA raised to Overweight at Thomas Weisel.

Jon C. Ogg
July 13, 2007