24/7 Wall St. » IPCM

Top Analyst Downgrades (BKC, IPCM, MAS, POT, VOD)

247wallst — Tue, 14 Jul 2009 11:29:35 +0000

These are some of the cautious analyst calls and analyst downgrades we have seen from Wall Street firms with more than two hours until the market opens this Tuesday morning:

Burger King (BKC) Cut to Neutral at BofA/Merrill.
IPC The Hospitalist Co. (IPCM) Cut to Hold at Jefferies.
Masco (MAS) Cut to Underweight at JP Morgan.
Potash Corp. (POT) Target cut to $100 at UBS.
Vodafone (VOD) Cut to Neutral at UBS.

JON C. OGG

Posted in Analyst Calls Tagged: BKC, IPCM, MAS, POT, VOD

Coal for Christmas: Stocks on 52-Week Lows (APL, KDE, HNSN, IPCM, LUFK, SYNA, THO, TRAC, RIG)

247wallst — Wed, 24 Dec 2008 16:05:27 +0000

It almost never matter what the markets do anymore. Some stocks just can’t get it right. Most of these lows that we chose to outline did not even have real news out themselves today. We decided to include the closing bell levels.

DJIA 8,468.48 (+48.99; +0.58%)
NASDAQ 1,524.90 (+3.36; +0.22%)
S&P500 868.15 (+4.99; +0.58%)

Here are some of today’s 52-week low stocks and brief comments:

STOCK (TICKER) Low Prev.Low
Atlas Pipeline Partners (APL) $5.00 $5.39

Just do not look at the dividend, it is not one you can trust.

4 Kids Entertain. (KDE) $1.97 $2.01

At least it is close to book, or before you start factoring for losses and settlements.

Hansen Medical, Inc. (HNSN) $6.16 $6.20

So much for protection in medical devices, so much for "the next ISRG" as a stock.

IPC The Hospitalist Company, (IPCM) $13.46 $13.50

This was formerly one of the few post-IPO’s which was doinggreat. Physician practices are not immune to recessions, and futureoperations may not be as protected or profitable as in prior years witha new administration.

Lufkin Industries, Inc. (LUFK) $32.00 $32.02

Oil field pump units and highway trailers deep in the heart of Texas, with those two downstream sectors in the tank.

Synaptics Incorporated (SYNA) $14.43 $14.69

Buying fewer cellphones means less need for toughscreen phone technology.

Thor Industries (THO) $12.09 $12.32

RV’ing stinks as a business in a recession, even if gas is finally affordable again.

Track Data Corporation (TRAC) $0.82 $0.85

Great investment and news tools, but crummy market has more and more players hanging up their hats.

Transocean (RIG) $41.95 $43.25

Low oil prices, offshore drilling too expensive for new projects to be started now; shares down roughly 75%.

Merry Christmas and Happy Holidays from the 24/7 Wall St. team!!!!

Posted in HI/LOW, Trading Alert Tagged: APL, HNSN, IPCM, KDE, LUFK, RIG, SYNA, THO, TRAC

IPC The Hospitalist Takes 2008 Post-IPO Pole Position (IPCM, V, TITN)

247wallst — Wed, 03 Sep 2008 13:43:38 +0000

The new top dog among the IPO universe we follow for 2008 is now IPC The Hospitalist Company, Inc. (NASDAQ: IPCM). Visa Inc. (NYSE: V) had been in that position with the highest gain from its IPO pricing, although today’s drop took care of that. That is also misleading in that the Visa IPO priced at $44.00 and actually opened up around $60.00 and the lows have only been $55.00. IPC The Hospitalist is now up roughly 68% from the $16.00 IPO inJanuary. If you consider that it has actually traded at $16.25 after asubstantial premium give-back in March when shares fell from north of$20.00.

We would like to note that 3 of the 4 analysts that cover this stockstill have Buy or Outperform ratings, with the mid-May downgrade fromWachovia on valuation being the exception. That being said, theaverage price target is roughly $27.00 and on last look the highesttarget was $28.00. Shares sit today up almost 4% at $26.80. If thisholds today, that will mark a high close for this operator and managerof physician groups. We would caution that if this performance continues then analysts will have to either raise their targets or make the "valuation achieved" calls, but that is for you to decide.

We would note, as we have noted before, that Titan Machinery Inc. (NASDAQ: TITN) would still fit this bill technically (as it did before)since its January 2008 IPO as shares are still up about 100%, but thisstock is down roughly one-third since its highs in June during theagriculture and machinery hype and highs.

Jon C. Ogg
September 3, 2008

Top 10 Pre-Market Analyst Calls (APC, FISV, IPCM, KR, RSH, RAI, SWY, SNDK, URBN, ZEP)

247wallst — Fri, 16 May 2008 06:37:18 +0000

These are ten analyst calls we are focusing on in pre-market trading this Friday morning:

Anadarko Petroleum (NYSE: APC) Raised to Overweight from Equal-weight at Lehman.
Fiserv (NASDAQ: FISV) Raised to Market Outperform from Market Perform at JMP Securities.
IPC The Hospitalist (NASDAQ: IPCM) Cut to Market Perform from Outperform at Wachovia.
Kroger (NYSE: KR) Raised to Overweight from Equalweight at Morgan Stanley.
RadioShack (NYSE: RSH) Raised to Buy from Neutral at Goldman Sachs.
Reynolds American (NYSE: RAI) Cut to Underweight from Neutral at JPMorgan.
Safeway (NYSE: SWY) Cut to Equal-weight from Overweight at Morgan Stanley.
SanDisk (NASDAQ: SNDK) Cut to Market Underperform from Market Perform at JMP Securities.
Urban Outfitters (NASDAQ: URBN) Cut to Equal-weight from Overweight at Lehman Brothers.
Zep (NYSE: ZEP) started as Buy at KeyBanc Capital.

Jon C. Ogg
May 16, 2008

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

Top 10 Pre-Market Analyst Calls (CN, CHU, DISH, FLR, IPCM, MDR, MFA, PLD, SKS, WRE)

247wallst — Thu, 06 Mar 2008 07:47:35 +0000

These are not the only calls impacting stocks, but these are the top ten individual calls that 247WallSt.com is focusing on:

China Netcom (NYSE: CN) downgraded to Neutral at Credit Suisse.
China Unicom (NYSE: CHU) raised to Outperform at Credit Suisse.
DISH Network (NASDAQ: DISH) raised to Neutral at Credit Suisse.
Fluor (NYSE: FLR) raised to Buy at Citigroup.
IPC The Hospitalist (NASDAQ: IPCM) started as Buy at Jefferies.
McDermott (NYSE: MDR) raised to Buy at Citigroup.
MFA Mortgage (NYSE: MFA) downgraded to Market Perform at KBW.
ProLogis (NYSE: PLD) raised to Top Pick at RBC Capital Markets.
Saks (NYSE: SKS) downgraded to Neutral at Banc of America.
Washington REIT (NYSE: WRE) started as Outperform at RBC Capital.

Jon C. Ogg
March 6, 2008