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Top 10 Analyst Upgrades, Downgrades, Initiations (COH, ITG, K, LYG, WFR, STI, TWX, TOL, VMW, ZUMZ)

247wallst — Fri, 30 Oct 2009 12:09:09 +0000

These are this Friday mornings top ten analyst upgrades, downgrades, and initiations of coverage from Wall Street firms:

Coach Inc. (NYSE: COH) Raised to Buy at Jefferies.
Investment Technology Group (NYSE: ITG) Cut to Neutral at JPMorgan.
Kellogg Company (NYSE: K) Raised to Buy at Citigroup.
Lloyds Banking Group (NYSE: LYG) ADR upgraded at both BNP Paribas and Credit Suisse.
MEMC Electronics (NYSE: WFR) Raised to Buy at Soleil.
SunTrust Banks (NYSE: STI) Raised to Equal-Weight at Morgan Stanley.
Time Warner Inc. (NYSE: TWX) Raised to Outperform at Credit Suisse.
Toll Brothers (NYSE: TOL) Raised to Buy at Citigroup.
VVMware (NYSE: VMW) Cut to Neutral at Goldman Sachs.
Zumiez (NYSE: ZUMZ) Raised to Buy at Jefferies.

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JON C. OGG

Posted in Analyst Calls Tagged: COH, ITG, K, LYG, STI, TOL, TWX, VMW, WFR, ZUMZ

ETF Launch: Credit SPDR From State Street (ITR, STT)

Administrator — Wed, 11 Feb 2009 15:14:26 +0000

State Street Corporation (NYSE: STT) is launching a new ETF to track the credit markets. Its State Street Global Advisors (SSgA) investment management arm launched the SPDR Barclays Capital Intermediate Term Credit Bond ETF (NYSE: ITR). This ETF will give access to investment grade credit bonds and was designed to track the price and yield performance of the Barclays Capital Intermediate Credit Index. The target index includes investment grade corporate and non-corporate credit bonds denominated in US Dollars. These also have a maturity range of 1 year to 10 years. As of December 31, 2008, the index included 2,512 issues, an average credit rating of “A” and an average maturity of 5.2 years; and its annual expense ratio is 0.15%.

Jon C. Ogg
February 11, 2009

Posted in Bonds, ETF Tagged: bond etf, Bonds, credit spreads, ETF, ITG

Top Pre-Market Analyst Downgrades (MDRX, AAUK, EBAY, HNZ, SOLR, ITG, NVO, SI, SCR, PCU, STP, VISN)

247wallst — Wed, 14 Jan 2009 08:03:59 +0000

These are most of the general analyst calls we have seen with downgrades or negative implications this Wednesday morning in the early pre-market trading hours:

Allscripts-Misys (NASDAQ: MDRX) Cut to Neutral at UBS.
Anglo American (NASDAQ: AAUK) Cut to Hold at Citigroup.
eBay (NASDAQ: EBAY) Started as Sell at Collins Stewart.
HJ Heinz (NYSE: HNZ) Cut to Market Perform at Bernstein.
GT Solar (NASDAQ: SOLR) Started as Buy at Kaufman Brothers.
Investment Tech (NYSE: ITG) Cut to Sell at Goldman Sachs.
Novo-Nordisk (NYSE: NVO) Cut to Sell at Citigroup.
Siemens (NYSE: SI) Cut to Neutral at Merrill Lynch.
Simcere Pharmaceutical Group. (NYSE: SCR) Cut to Neutral at Goldman Sachs.
Southern Copper (NYSE: PCU) Cut to Sell at UBS.
Suntech Power (NYSE: STP) Cut to Underperform at FBR.
VisionChina Media (NASDAQ: VISN) Cut to Perform at Oppenheimer.

There were also many financial downgrades and some downgrades specific to the oil patch this morning as well. As you can see by the few upgrades noted earlier, the pace of downgrades is still greatly exceeding upgrades.

Jon C. Ogg
January 14, 2009

Posted in Analyst Calls Tagged: AAUK, EBAY, HNZ, ITG, MDRX, NVO, PCU, SCR, SI, SOLR, STP, VISN

Top Pre-Market Analyst Upgrades (ACE, NLY, ESLR, GFIG, HOKU, ITG, GS, KR, MON, NDAQ, TRV)

247wallst — Wed, 17 Sep 2008 07:05:40 +0000

These are some of the positive calls and upgrades we have seen from analysts this morning:

ACE Ltd. (ACE) raised to buy at Goldman Sachs.
Annaly Capital (NLY) raised to overweight at JPMorgan.
Evergreen Solar (ESLR) raised to hold at Citigroup.
GFI Group (GFIG) raised to outperform at KBW.
Hoku Scientific (HOKU) raised to buy at Broadpoint.
Investment Technology Group (ITG) raised to outperform at KBW.
Goldman Sachs (GS) raised to outperform at Wachovia.
Kroger (KR) raised to buy at B of A.
Monsanto (MON) raised to buy at BB&T.
NASDAQ OMX (NDAQ) raised to outperform at KBW.
Travelers (TRV) raised to buy at Goldman Sachs.

Jon C. Ogg
September 17, 2008

Top 10 Pre-Market Analyst Calls (ALL, GLW, DISH, GM, INTC, ITG, JNJ, PNM, RESP, UPL)

247wallst — Fri, 04 Jan 2008 07:57:06 +0000

These are not the only top analyst calls impacting share prices this morning, but these are the main calls that 247WallSt.com is focusing on in pre-market trading this Friday morning:

Allstate (ALL) raised to Outperform at FBR.
Corning (GLW) started as Buy at Jefferies.
Echostar (DISH) raised to Market Perform from Underperform at Bernstein.
General Motors (GM) removed from JPMorgan Focus List.
Intel (INTC) downgraded to Neutral from Overweight at JPMorgan.
Investment Technology (ITG) raised to Buy from Neutral at Banc of America.
Johnson & Johnson (JNJ) started as Buy at UBS.
PNM Resources (PNM) raised to Buy from Hold at Jefferies.
Respironics (RESP) downgraded to Neutral from Buy at Banc of America.
Ultra Petroleum (UPL) started as Neutral at Sun Trust Robinson Humphrey; just noted last night by Cramer on MAD MONEY as his natural gas stock of 2008.

Jon C. Ogg
January 4, 2008

Top 10 Pre-Market Analyst Calls (ADSK, BRKS, CVC, LNG, ITG, SNN, TTEK, TSN, YHOO, AUY)

247wallst — Tue, 13 Nov 2007 07:55:14 +0000

These are not the only analyst calls out there this morning, but these are the top ten that 24/7 Wall St. is looking at this morning.

AutoDesk (ADSK) raised to Buy from Neutral at Goldman Sachs with a $52 target.
Brooks Automation (BRKS) raised to Outperform at Bear Stearns.
Cablevision Systems Corp. (CVC) lowered target from $33 to $31 at Goldman Sachs.
Cheniere Energy (LNG) started as Buy at Banc of America.
Investment Technology Group (ITG) raised to Outperform at Keefe Bruyette & Woods.
Smith & Nephew (SNN) raised to Outperform at Bear Stearns.
Tetra Tech (TTEK) started as Underperform at BMO.
Tyson Foods (TSN) raised to Buy at Deutsche Bank, after yesterday’s blow-up.
Yahoo! (YHOO) raised to Outperform at CIBC.
Yamana Gold (AUY) raised to Buy at UBS.

Jon C. Ogg
November 13, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.