Posts for Ticker ‘KBW’

Brokerage Firms Again Downgrading Each Other (C, GD, GS, JEF, KBW, LEH, MS, NCC, SGR)

These are some of the top analyst downgrades or negative calls we are seeing this morning, and you’ll notice that brokerage firm stocks are again the targets of many downgrades:

  • Citigroup (C) Cut To Underperform From Neutral at Merrill Lynch.
  • General Dynamics (GD) Cut to Neutral at JPMorgan.
  • Goldman Sachs (GS) Cut to Underperform from Buy at Merrill Lynch.
  • Jefferies (JEF) Cut to Sell at B of A.
  • Keefe Bruyette & Woods (KBW) Cut to Sell at B of A.
  • Lehman (LEH) Cut to Underperform from Hold at Merrill Lynch.
  • LSI Industries (LYTS) Cut to Underperform at Baird.
  • McDermott (MDR) Cut to Hold at Citigroup.
  • Morgan Stanley (MS) Cut to Neutral from Buy at Merrill Lynch.
  • National City (NCC) Cut to Neutral from Buy at Ladenburg Thalmann.
  • Shaw Group (SGR) Cut to Sell at Citigroup.

Obviously there are a few calls thrown in here that aren’t brokerage firms or investment banking firms, but the brokers are back to killing each other again for the third day this week.

Jon C. Ogg
August 14, 2008

Posted on: August 14, 2008 – 6:31 am in Analyst Calls, Brokerage Firms, , , , , , , , ,

Many Monday Pre-Market Downgrades (CEG, FIS, FISV, DNA, KBW, NKE, PSO, SHW, SWIR, SWK, WERN, WIT)

These are among the top analyst Downgrades or negative analyst calls affecting shares this Monday morning in pre-market trading:

  • Constellation Energy (NYSE: CEG) Downgraded to Underperform at Jefferies.
  • Fidelity National (NYSE: FIS) Cut to Perform at Oppenheimer.
  • Fiserv (NASDAQ: FISV) Cut to Perform at Oppenheimer.
  • Genentech (NYSE: DNA) Raised to Overweight at Lehman.
  • KBW (NYSE: KBW) Cut to Market Perform at FBR.
  • Nike (NYSE: NKE) Cut to Neutral at HSBC.
  • Pearson plc (NYSE: PSO) Cut to Sell at Deutsche Bank.
  • Satyam Computer Services (NYSE: SAY) Cut to Equal Weight at Morgan Stanley; Cut to Underperform at Credit Suisse.
  • Sherwin Williams (NYSE: SHW) Cut to Sell at Goldman Sachs.
  • Sierra Wireless (NASDAQ: SWIR) Target cut to $20 from $25 at CIBC.
  • Stanley Works (NYSE: SWK) Cut to Hold at Deutsche Bank.
  • Werner Enterprises (NASDAQ: WERN) Cut to Sell at UBS.
  • WIPRO (NYSE: WIT) Cut to Underperform at Credit Suisse.

Jon C. Ogg
July 21, 2008

Posted on: July 21, 2008 – 7:52 am in Analyst Calls, , , , , , , , , , , ,

Top 10 Early Bird Analyst Calls (AIG, CTAS, KBW, NTES, NKE, SAY, SHW, SWK, TEVA, WFMI)

These are only some of the early bird analyst calls that we have seen in early Monday pre-market trading, but these are some of the more active stock names:

  • American International Group (NYSE: AIG) Raised to Buy at Banc of America.
  • Cintas Corp. (NASDAQ: CTAS) Raised to Equal Weight at Morgan Stanley.
  • KBW (NYSE: KBW) Cut to Market Perform at FBR.
  • NetEase (NASDAQ: NTES) Raised to Outperform at Credit Suisse.
  • Nike (NYSE: NKE) Cut to Neutral at HSBC.
  • Satyam Computer Services (NYSE: SAY) Cut to Equal Weight at Morgan Stanley; Cut to Underperform at Credit Suisse.
  • Sherwin Williams (NYSE: SHW) Cut to Sell at Goldman Sachs.
  • Stanley Works (NYSE: SWK) Cut to Hold at Deutsche Bank.
  • Teva Pharmaceutical Ind. (NASDAQ: TEVA) Raised to Buy at Deutsche bank.
  • Whole Foods Markets (NASDAQ: WFMI) Raised to Equal Weight at Morgan Stanley.

Jon C. Ogg
July 21, 2008

Posted on: July 21, 2008 – 6:01 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AFL, CSCO, DVN, JMBA, KBW, MRO, NCC, PRSP, URBN, VMW)

There are other analyst calls affecting shares this morning, but these are ten of the top calls that we are focusing on this Thursday in pre-market trading:
AFLAC (NYSE: AFL) cut to Neutral from Buy at Banc of America Sec
Cisco Systems (NASDAQ: CSCO) cut to Neutral from Buy at UBS.
Devon Energy (NYSE: DVN) raised to Overweight at JP Morgan.
Jamba (NASDAQ: JMBA) started as Hold at Jefferies.
KBW inc. (NYSE: KBW) started as Sell at Stern Agee.
Marathon Oil (NYSE: MRO) raised to Outperform at Oppenheimer.
National City (NYSE: NCC) raised to Outperform at Bear Stearns; raised to Equal Weight at Morgan Stanley.
Prosperity Bancshares (NASDAQ: PRSP) cut to Neutral at Sun Trust Robinson Humphrey.
Urban Outfitters (NASDAQ: URBN) cut to Market Perform at Morgan Keegan.
VMware (NYSE: VMW) cut to Hold at Lazard.

Jon C. Ogg
April 3, 2008

Posted on: April 3, 2008 – 7:08 am in Analyst Calls, , , , , , , , , ,

Big List of Private Equity Targets in Financial Services

There is a recent boutique research report from earlier in the week showing a list of potential private equity targets from a specialty brokerage firm that I was very positive on from even before its IPO: Keefe Bruyette & Woods (KBW).  The truth is that this company is probably only behind Goldman Sachs (GS) as far as its knowledge of what is going on in the North American financial services sector, and the argument is that KBW is considered the number one firm as far as independent coverage of the financial services sector.  It is too bad the company did not get this out at the end of last year to include many other names that have been gobbled up, but it really feels as though every firm is ‘cramming for finals’ in the M&A world with the private equity superstars.

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Posted on: May 31, 2007 – 9:32 am in Bait Shop, Banking, Financial Stocks, Mergers and Buy Outs, Private Equity, Research, , , , , , , , , , , , , , , , , ,