Posts for Ticker ‘IRF’

Top Analyst Upgrades (ACN, APC, AAPL, CUB, IRF, NANO, PER, RAX, ZUMZ)

These are this morning’s top analyst upgrades and positive research calls seen from Wall Street analysts early this Thursday morning:

Accenture (ACN) Started as Outperform at Baird.
Anadarko Petroleum (APC) Raised to Outperform at FBR.
Apple (AAPL) Started as Outperform at William Blair.
Cubic (CUB) Raised to Overweight at JPMorgan.
International Rectifier (IRF) Started as Buy at Merriman Curhan Ford.
Nanometrics (NANO) Started as Overweight at Piper Jaffray.
Perot Systems (PER) Started as Outperform at Baird.
Rackspace (RAX) Started as Buy at ThinkEquity.
Zumiez (ZUMZ) Raised to Outperform at William Blair.

If you wish to be notified by email when the top analyst calls hit, along with each morning’s top day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more, you can join our open email distribution list which goes out several times per week.

Jon C. Ogg

Why So Many Mergers Are Failing (WMI, RSG, AW, VSH, IRF, DBD, UTX, SNDK)

Broken_merger_torn_moneyBack in normal economic times and back when private equity was king, Mondays were often referred to as "Merger Monday" because mergers would be announced at the start of the week.  If you monitor mergers and possible buyout targets in the manner we do at 247 Wall St., then today might feel like it should be named De-Merger Monday.  There are three very large mergers which have been scrapped today and this brings up issues in another pending giant technology merger.

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Top 10 Pre-Market Analyst Calls (APOL, BZH, CB, CTSH, FITB, IRF, PBG, SNDK, SY, SYMC, WES)

These are ten of the analyst calls we are focusing on this Friday morning:

  • Apollo Group (NASDAQ: APOL) Raised to Outperform at Credit Suisse.
  • Beazer Homes (NYSE: BZH) Raised To Neutral at UBS.
  • Chubb (NYSE: CB) Raised to Equal-Weight at Morgan Stanley.
  • Cognizant Technology (NASDAQ: CTSH) Cut To Neutral at Goldman Sachs.
  • Fifth Third Bancorp (NASDAQ: FITB) Raised to Outperform at KBW.
  • International Rectifier (NYSE: IRF) Cut to Sell at Citigroup.
  • Pepsi Bottling (NYSE: PBG) Raised to Neutral at JPMorgan.
  • SanDisk (NASDAQ: SNDK) Cut to Hold from Buy at Citigroup.
  • Sybase (NYSE: SY) Cut to Neutral at Banc Of America.
  • Symantec (NASDAQ: SYMC) Cut to Market Perform at FBR.
  • Western Gas Partners (NYSE: WES) Started as Hold at Citigroup.

Jon C. Ogg
June 20, 2008

The 52-Week Low Club

Labranche (LAB) Being a specialist firm trading stocks has gotten to be nasty business. Shares drop to $4.65 from 52-week high of $12.21.

King Pharmaceuticals (KG) Still taking hammer because patent on top drug was found to be invalid. Down to $12.26 from 52-week high of $22.25.

International Rectifier (IRF) CEO on leave due to audit. Shares just keep falling. Drops to $31.37 from 52-week high of $44.36.

Expressjet Holdings (XJT) Oil up. Bad time to be in airline business. Falls to $3.68 from 52-week high of $9.61.

Steven Madden (SHOO) Director steps down. Shares now off to $20.02 from 52-week high of $44.70.

Home Solutions (HSOA) Provider of construction business during real estate recession. Shares off to $2.45 from 52-week high of $8.24.

Caribou Coffee  (CBOU) Like Starbucks (SBUX), only smaller. But, similar drop in stock price. Down to $5.74 from 52-week high of $9.27.

Douglas A. McIntyre