Posts for Ticker ‘LEA’

Top 10 Analyst Upgrades, Downgrades, Initiations (DVN, XOM, HES, ITW, LEA, NFLX, PALM, PARD, SPWRA, VRTX)

These are this morning’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

Devon Energy (NYSE: DVN) Raised to Outperform at Wells Fargo.
Exxon Mobil Corp. (NYSE: XOM) Raised to Overweight at Barclays.
Hess Corporation (NYSE: HES) Raised to Buy at UBS.
Illinois Tool Works (NYSE: ITW) Raised to Buy at UBS.
Lear Corp. (NYSE: LEA) Started as Overweight at JPMorgan.
Netflix Inc. (NASDAQ: NFLX) Started as Buy at Collins Stewart.
Palm Inc. (NASDAQ: PALM) Raised to Buy at Kaufman.
Poniard Pharmaceuticals, Inc. (NASDAQ: PARD) Cut to Market Perform at Rodman & Renshaw.
Sunpower Corporation (NASDAQ: SPWRA) Cut to Neutral at Piper Jaffray; Cut to Market Perform at FBR Capital Markets.
Vertex Pharmaceuticals (NASDAQ: VRTX) Cut to Neutral at Merriman Curhan Ford.

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JON C. OGG

Posted on: November 17, 2009 – 8:01 am in Pre-Market Activity, Trading Alert, , , , , , , , , ,

Top 10 Analyst Upgrades & Downgrades (AMG, AG, IRE, CAG, GPN, JASO, LEA, NTGR, ODFL, YHOO)

These are ten of the top analyst upgrades, downgrades, and initiation calls we have seen from Wall Street early this Monday morning with about two hours until the market opens:

Affiliated Managers Group (AMG) Raised to Outperform at KBW.
AGCO (AG) Raised to Buy at Jefferies.
Bank of Ireland (IRE) Cut to Hold at Deutsche Bank.
ConAgra (CAG) Cut to Hold at Citigroup.
Global Payments (GPN) Raised to Outperform at William Blair.
JA Solar (JASO) Cut to Hold at Lazard.
Lear (LEA) Cut to Underweight at Barclays.
Netgear (NTGR) Raised to Hold at Deutsche Bank.
Old Dominion Freight (ODFL) Raised to Outperform at Morgan Keegan.
Yahoo! (YHOO) Raised to Buy at Citigroup.

JON C. OGG
June 15, 2009

Posted on: June 15, 2009 – 6:43 am in Analyst Calls, , , , , , , , , ,

Carl Icahn Holdings Show No Immunity To Market (IEP, BIIB, AMLN, MOT, YHOO, WMB, APC, TWX, TWC, AMD, TELK, QRCP, LEA, TIN, JCP)

Billionaire and activist investor Carl Icahn has made some  large changes to his portfolio holdings.  He and Icahn Capital, L.P. have not been immune to the market sell-off as you have seen in his Icahn Enterprises, L.P. (NYSE: IEP) share performance.  Here we have commented on some of his larger stakes and larger changes or exits in positions.

Stock Tickers noted as IEP, BIIB, AMLN, MOT, YHOO, WMB, APC, TWX, TWC, AMD, TELK, QRCP, LEA, TIN, and JCP.
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Posted on: February 14, 2009 – 2:16 pm in Activist Investor, Insider Activity, Value Investing, , , , , , , , , , , , , , , ,

Top Pre-Market Analyst Upgrades (AXL, ARCC, FSLR, F, GOOG, HOG, JBL, LEA, MYL, RYAAY, UL)

Money_stack_picThese are some of the top upgrades and positive calls we have seen from analysts on Wall Street this Wednesday morning:

  • American Axle (AXL) Raised to Hold from Sell at Deutsche Bank.
  • Ares Capital Corporation (ARCC) Raised to Neutral from Underweight at JPMorgan.
  • First Solar (FSLR) Started as Buy at Merriman Curhan Ford.
  • Ford (F) Raised to Hold from Sell at Deutsche Bank.
  • Google (GOOG) Started as Outperform at JMP Securities.
  • Harley Davidson (HOG) Raised to Hold from Sell at Citigroup.
  • Jabil Circuit (JBL) Raised to Hold from Sell at Citigroup.
  • Lear (LEA) Raised to Hold from Sell at Deutsche Bank.
  • Mylan Labs (MYL) Started as Buy at Citigroup.
  • Ryanair (RYAAY) Raised to Buy from Neutral at UBS.
  • Unilever (UL) Raised to Buy from Hold at Citigroup.

Jon C. Ogg
January 21, 2009

Posted on: January 21, 2009 – 7:43 am in Analyst Calls, , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (AXL, AXP, COF, DRYS, EXPD, FII, F, LEA, SAP, TRW, VE, WAT)

Burning_money_picThese are some of the top pre-market analyst downgrades and negative calls we are seeing this Friday morning:

  • American Axle (AXL) Cut to Sell at Deutsche Bank.
  • American Express (AXP) Started as Sell at Deutsche Bank.
  • Capital One (COF) Started as Sell at Deutsche Bank.
  • DryShips (DRYS) Cut to Underperform at Credit Suisse.
  • Expeditors International (EXPD) Cut to Sell at UBS.
  • Federated Investors (FII) Cut to Underweight at JPMorgan.
  • Ford (F) Cut to Sell at Deutsche Bank.
  • Lear (LEA) Cut to Sell at Deutsche Bank.
  • SAP AG (SAP) Cut to Hold at Jefferies.
  • TRW (TRW) Cut to Sell at Deutsche Bank.
  • Veolia (VE) Cut to Underweight at JPMorgan.
  • Waters (WAT) Downgraded at 3 firms: Baird, Deutsche Bank, & Leerink Swann.

Jon C. Ogg
December 12, 2008

Posted on: December 12, 2008 – 7:47 am in Analyst Calls, , , , , , , , , , , ,

The 52-Week Low Club (LEA)(PIR)(LVS)(ES)

Sad_clownEnergysolutions (ES) Company cuts guidance. Plunges to $5.60 from 52-week high of $28.45.

Lear Corporation (LEA) Another victim of lower guidance. Falls to $3.77 from 52-week high of $36.99.

Pier 1 Imports (PIR) Retailer gets downgraded. Falls to $.96 from 52-week high of $8.25.

Las Vegas Sands (LVS) Casino business still being hit by economy. Drops to $12 from 52-week high of $148.76.

Douglas A. McIntyre

Posted on: October 14, 2008 – 3:00 pm in HI/LOW, , , ,

The 52-Week Low Club (SIRI, XMSR, C, BAC, AIG, LEA, RAD, GM, OSK, UAUA)

Oshkosh (OSK) Comes out with extremely week outlook. Sells down to $22.20 from 52-week high of $65.83.

GM (GM) Big sell rating and possible credit rating downgrade. Economy catches up to Detroit. Makes multiyear low at $11.10 down from 52-week high of $43.20.

Rite Aid (RAD) Larger than expected loss. Sells off to to $1.39 from 52-week high of $6.51.

Lear Corporation (LEA) Auto supplier in a bad auto market. Screams down to $14.25 from 52-week high of $41.33.

Bank of America (BAC) Series of negative comments from brokerages about money center banks. Wall Street also does not like Countrywide (CFC) deal. Sells down to $25.01 from 52-week high of $52.96.

Citigroup (C) Wall St. estimates another $9 billion in write-offs in Q2. Drops to $17.53 from 52-week high of $52.97.

XM Satellite Radio (XMSR) Concerns about viability, merger or not. Drops to $7.33 from 52-week high of $16.44

Sirius (SIRI) Ditto. Dips to $1.80 from 52-week high of $3.94

AIG (AIG) Investors looking for more huge write-offs. Tumbles to $28.26 from 52-week high of $70.97

United (UAUA) Oil prices top $140 a barrel. Sell down to $5.25 from 52-week high of $51.60

Douglas A. McIntyre

Posted on: June 26, 2008 – 2:45 pm in HI/LOW, , , , , , , , , , ,

Lear Follows Autos, Lowers Targets (LEA)

Lear Corporation (NYSE: LEA) has just lowered its guidance this morning based upon announced revisions of industry forecasting services and others which have announced downward revisions in their estimates for 2008 North American vehicle production based on lower sales rates for full-size pickup trucks and large sport utility vehicles.  In addition to lower unit sales, raw material costs, particularly costs related to steel, have continued to increase.

Lear cut its 2008 forecast for North American industry production from 14.1 million vehicles to approximately 13.8 million vehicles.  Its sales outlook for 2008 is being adjusted downward to approximately $15.3 billion, from the previous outlook of $15.5 billion.  It also sees lower income before interest, other expense, income taxes, restructuring costs and other special items to a lower range of $600 to $640 million from the previously offered range of $660 to $700 million.  The company is also increasing its estimated restructuring investment for 2008 to about $125 million.  The revised outlook for full-year 2008 free cash flow is now approximately $200 million.

Lear shares are actually still up about 2.5% at $25.38 today, and its 52-week trading range $20.00 to $41.33.

Jon C. Ogg
June 4, 2008

Posted on: June 4, 2008 – 10:36 am in Autos, Earnings Warning,

Top 10 Pre-Market Analyst Calls (A, BBBY, BBY, DTV, ECL, EP, IBM, NTAP, LRCX, MOT, CRM)

These are not all of the calls affecting stocks, but these are the top analyst calls that 247WallSt.com is looking at this Thursday morning:

  • Blockbuster (NYSE: BBI) raised to Overweight at JPMorgan.
  • Borg Warner (NYSE: BWA) cut to Neutral at JPMorgan.
  • Boyd Gaming (NYSE: BYD) cut to Underweight at KeyBanc.
  • CDC Corp. (NASDAAQ: CHINA) started as Buy at Cantor Fitzgerald.
  • Chimera (NYSE: CIM) started as Neutral at JPMorgan.
  • Lear (NYSE: LEA) cut to Neutral at JPMorgan.
  • RF Micro Devices (NASDAQ: RFMD) downgraded to Hold at Jefferies.
  • Sotheby’s (NYSE: BID) raised to Outperform at JMP Securities.
  • Western Digital (NYSE: WDC) and Seagate (NYSE: STX) were both cut to Hold from Buy at Citigroup.
  • Varian (NASDAQ: VARI) raised to Buy at UBS.

Jon C. Ogg
February 28, 2008

Posted on: February 28, 2008 – 8:08 am in Analyst Calls, , , , , , , , , ,

Icahn’s Top Holdings (APC, BEAS, BIIB, CSX, LEA, M, MOT, JCP, REGN, TIN, TWX, TWC, UNM, WMB)

Billionaire activist investor and financier Carl Icahn has released the total holdings in an SEC filing for the period end December 31, 2007 for  ICAHN CAPITAL, LP.

As Carl Icahn and his friends are multi-billionaires, we have eliminated the positions under $50 million since smaller postions are hardly worth his time and effort. The left column is the dollar amounts and the second number is the number of shares:

  • ANADARKO PETROLEUM (NYSE: APC) $970,600,000  14,775,468 shares
  • BEA SYSTEMS (NASDAQ: BEAS)  $654,176,000; 41,456,016 shares
  • BIOGEN IDEC (NASDAQ: BIIB)  $469,973,000; 8,256,723 shares
  • CSX CORP (NYSE: CSX) $128,422,000; 2,920,000
  • LEAR CORP (NYSE: LEA) 265,424,000; 9,595,954 shares
  • MACYS (NYSE: M)  $133,610,000; 5,164,660 shares
  • MOTOROLA (NYSE: MOT) $969,881,000; 60,466,400 shares
  • J.C.PENNEY (NYSE: JCP)  $183,274,000; 4,166,271 shares
  • REGENERON PHARMA (NASDAQ: REGN)  $60,568,000; 2,508,001 shares
  • TEMPLE INLAND (NYSE: TIN) $71,901,000; 3,448,488 shares
  • TIME WARNER CABLE (NYSE: TWC) $130,027,000; 4,711,128 shares
  • TIME WARNER INC (NYSE: TWX) $213,526,000; 12,933,159
  • UNUM GROUP (NYSE: UNM) $95,659,000; 4,020,960 shares
  • WILLIAMS COS INC (NYSE: WMB)  $173,201,000; 4,840,724 shares

Jon C. Ogg
February 14, 2008

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.  Join the 24/7 Wall St. open email distribution list to hear of spin-offs, emerging IPO, break-up, reorganization, and other special situation stocks.

Posted on: February 14, 2008 – 11:58 am in Activist Investor, Insider Activity, Mutual Funds, , , , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AKAM, AXA, BP, CVX, LLNW, MYL, TTGT, TRW, BWA, LEA, AVB, EQR, BRE)

These are not the only impact analyst calls today, but these are the top calls that 24/7 Wall St. is focusing on:

  • Akamai Tech (AKAM) started as Sector Perform at CIBC.
  • AXA (AXA) raised to Outperform at Credit Suisse.
  • BP (BP) & Chevron (CVX)  raised to Outperform at Bear Stearns.
  • Limelight Networks (LLNW) started as Outperform at CIBC.
  • Mylan ((MYL) raised to Buy at Goldman Sachs.
  • Techtarget (TTGT) raised to Buy at Oppenheimer.
  • Goldman Sachs turns cautious on the automotive supply group: TRW (TRW), Borg Warner (BWA), and Lear (LEA).
  • UBS extremely late downgrades on residential REIT’s: Avalon Bay (AVB) cut to Neutral; Equity Residential (EQR) cut to Sell; BRE Properties (BRE) cut to Sell.

Jon C. Ogg
November 27, 2007

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

Posted on: November 27, 2007 – 7:55 am in Analyst Calls, , , , , , , , , , , , ,

Kraft (KFT): Raiders Of The Lost Art

Carl Icahn appears to have joined Nelson Peltz as a shareholder in Kraft (KFT). Peltz is going to meet with Kraft management this week to get the company "to focus on its grocery and frozen-foods brands, which include cheese and pizza, sell its Post cereals and Maxwell House coffee businesses and use the proceeds from those sales to buy back shares."

If Icahn and Peltz decide to team up, it might get a bit sauna-like at Kraft headquarters. Peltz and Icahn are almost all that is left of the raider culture from 25 years ago. But, they are past masters of their art. Icahn has been particularly busy lately with Lear (LEA), Blockbuster (BBI), and Motorola (MOT). Even if he does not always get his "seat on the board", he often forces change from the outside,

Year-to-date, Kraft’s stock is flat, but that is only because the raiders have jumped in and sent up the shares recently. The company’s market performance is not going to be a terribly good defense.

It will have to come up with something else to encourage shareholders to be patient.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not hold shares in companies that he writes about.

Kraft

Posted on: July 14, 2007 – 7:07 am in Uncategorized, , , ,