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Top 10 Pre-Market Analyst Calls (ASMI, ATAI, CCI, EMC, GNA, NFLX, NRG, PDS, TER, WGOV)

247wallst — Tue, 20 May 2008 06:23:41 +0000

These are not the only analyst calls out there, but these are ten calls affecting stocks this Tuesday morning:

ASM Intl NV (NASDAQ: ASMI) started as Underperform at Jefferies.
ATA Inc. (NASDAQ: ATAI) started as Outperform at Oppenheimer.
Crown Castle (NYSE: CCI) started as Buy at Merriman Curhan Ford.
EMC (NYSE: EMC) Cut To Market Perform from Outperform at Bernstein; stock indicated down 2%.
Gerdau AmeriSteel (NYSE: GNA) started as Buy at Citigroup.
Netflix (NASDAQ: NFLX) Raised to Overweight at Lehman Brothers; stock indicated up 2%.
NRG Energy (NYSE: NRG) cut to Neutral at Credit Suisse; stock indicated down 1%.
Precision Drilling (NYSE: PDS) raised to Outperform at RBC Capital.
Teradyne (NYSE: TER) started as Neutral at Piper Jaffray.
Woodward Governor (NASDAQ: WGOV) cut to Neutral at Robert W. Baird; shares down 1.5%.

Jon C. Ogg
May 20, 2008

Jon Ogg produces and edits the "10 Stocks Under $10" weekly newsletter and he does not own securities in the companies he covers.

Goldman Sachs & Massive Steel Prices (X, NUE, ATI, STLD, SCHN, GNA, WOR, AKS, ROCK, RS, CMC)

247wallst — Thu, 20 Mar 2008 07:29:05 +0000

Goldman Sachs is out with a call raising its steel company earnings targets after above expectation steel prices and tighter supplies that represent a physical steel shortage. It sees some US steel prices rising from $700 recent targets up to a new $850 target per short ton. It also sees 2009 prices above 2008 prices and sees wider spreads with raw steel compared to scrap costs.

There was one lowered target on Olympic Steel, Inc. (NASDAQ: ZEUS). Goldman Sachs is raising ZEUS earnings estimates for this year and next, but it is downgrading the stock from Buy to Neutral because its shares are up more than 50% since being added as Buy in November. It is raising the rating on U.S. Steel (NYSE: X) from neutral to Buy and it has raised targets as well, and it raised 2008 EPS from $11.10 to $14.80 and 2008 from $12.75 to $16.75.

Other estimates are raised in the sector: Allegheny Tech (NYSE: ATI) was maintained as Buy and saw a slight boost to earnings targets. Gerdau AmeriSteel (NYSE: GNA), Gibralter Ind. (NASDAQ: ROCK), Reliance Steel (NYSE: RS), Steel Dynamics (NASDAQ: STLD), AK Steel (NYSE: AKS), and Commercial Metals (NYSE: CMC) are all neutral rated but saw estimates raised considerably considering the neutral ratings.

The firm is also positive on Nucor Corp. (NYSE: NUE), which it maintains a Buy rating on and raised estimates sharply on for this year and next.

Goldman Sachs has sell ratings on Worthington (NYSE: WOR) and Schnitzer Steel (NASDAQ: SCHN), although the firm even raised earnings estimates on those two names.

Jon C. Ogg
March 20, 2008

Pre-Market Stock News (November 6, 2007)

247wallst — Tue, 06 Nov 2007 08:25:40 +0000

Archer-Daniels Midland (ADM) $0.71 vs. $0.59 est.
Asset Acceptance Corp. (AACC) -$0.05 EPS vs -$0.05 est.
Beazer (BZH) cutting 1/4 workers and suspends dividend; sees new order down 50%.
Church & Dwight (CHD) $0.69 EPS vs. $0.589 est.; sees 2007 EPS $2.42-2.44 vs. $2.36 consensus.
Cooper Tire (CTB) $0.28 EPS vs $0.30 est.
El Paso (EP) $0.22 EPS vs $0.23 est.
Emerson (EMR) $0.78 EPS vs $0.75 est.
Environmental Tectonics’ (ETC) Aeromedical division won two new contract awards in Middle-East worth a total of $20 million.
Fuel-Tech (FTEK) $0.04 EPS vs. $0.06 est.; sees 2007 revenues $76-79 million vs. $79.7 million est.
Gerdau AmeriSteel (GNA) $0.40 EPS vs $0.42 est.
Google (GOOG) up $25 on analyst Sanford Bernstein raised target to $850.
International Securities Exchange (ISE) $0.62 EPS vs $0.53 est.
Kellwood (KWD) sets 2008 targets of $1.55 billion revenue from operations and sees $1.50 EPS.
K-Swiss (KSWS) $0.36 EPS vs $0.34 est.
Momenta Pharma (MNTA) announced FDA letter received says its M-Enoxaparin ANDA is NOT Approvable in current form.
Nortel Networks (NT) $0.05 EPS after charges vs. $0.11 est.; Revenues $2.71 Billion vs. $2.77 Billion est.
PetroQuest (PQ) $0.16 EPS vs. $0.14 est.
PowerSecure $0.15 EPS vs. $0.17 est.
QLogic (QLGC) announced a $200 million share buyback plan.
Sun Micro (JAVA) up 1.5% after earnings, despite lackluster report.
TheStreet.com (TSCM) $0.13 EPS vs $0.12 est.; Revenues $16.1 million vs. $16.3M est.
Urban Outfitters (URBN) sees revenues for Q3 at $379.3 million versus $374.5 million est.; s-s-s +8% for the quarter.
Valero (VLO) $1.40 EPS vs $1.35 est., but had lowered preliminary numbers.
Watson Pharma (WPI) $0.33 EPs vs $0.30 est.

Jon C. Ogg
November 6, 2007

Pre-Market Analyst Calls (November 5, 2007)

247wallst — Mon, 05 Nov 2007 07:46:03 +0000

ACA cut to Underperform at Credit Suisse.
ACW raised to Neutral at UBS.
AMSC started as Buy at Jefferies.
ATPG cut to Underperform at RBC.
BSC cut to Equal Weight at Lehman.
BSY cut to Neutral at Merrill Lynch.
CNP raised to Buy at Jefferies.
CPT cut to Neutral at B of A.
DRE cut to Neutral at UBS.
FSLR started as Sector Perform at CIBC.
GLF raised to Buy at Jefferies.
GNA raised to Outperform at CIBC.
HD cut to Hold at Deutsche Bank.
LLY cut to Underweight at HSBC.
LOW cut to Hold at Deutsche Bank.
MER cut to Equal Weight at Lehman.
NLC raised to Neutral at UBS.
PDGI raised to BUy at Jefferies.
PVTB raised to Overweight at JPMorgan.
TUES raised to Outperform at Piper Jaffray.
WCG raised to Buy at Jefferies.
WST raised to Buy at UBS.

Jon C. Ogg
November 5, 2007

Goldman Sachs Backs Away From Two Steel Stocks (NUE, GNA)

247wallst — Wed, 13 Jun 2007 08:25:34 +0000

After Nucor Corp. (NUE-NYSE) lowered guidance, Goldman Sachs has decided to withdraw it from the Americas Conviction Buy List. It notes that the stock appears undervalued to the $71.00 price target and it is keeping its official BUY Rating on the stock, but it says there is no near-term catalyst on the stock.

Gerdau AmeriSteel Corp. (GNA-NYSE) has also been downgraded from a Neutral down to a SELL Rating, and added to Americas Conviction Sell List. It sees near-term weakness in demand for end products and is overvalued compared to Goldman’s target of $13.00. 2007 estimates were lowered from $1.50 EPS down to $1.45.

Jon C. Ogg
June 13, 2007

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