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Top 10 Analyst Upgrades, Downgrades, Initiations (AEP, ARRS, AGO, IRE, ESRX, KBH, MTL, MU, RFMD, SPG)

247wallst — Wed, 02 Dec 2009 12:55:05 +0000

These are ten of the top analyst upgrades, downgrades, and initiations seen from early Wall Street research calls this Wednesday morning:

American Electric Power (NYSE: AEP) Started as Buy at Deutsche Bank.
Arris Group Inc. (NASDAQ: ARRS) Raised to Buy at UBS.
Assured Guaranty Ltd. (NYSE: AGO) Raised to Outperform at KBW.
Bank of Ireland (NYSE: IRE) Raised to Buy at Goldman Sachs.
Express Scripts (NASDAQ: ESRX) Raised to Overweight at JPMorgan.
KB Home (NYSE: KBH) Raised to Outperform at Credit Suisse.
Mechel OAO (NYSE: MTL) Cut to Underperform at Credit Suisse.
Micron Technology Inc. (NYSE: MU) Reiterated Buy ($10 target) at Auriga.
RF Micro Devices Inc. (NASDAQ: RFMD) Raised to Buy at UBS.
Simon Property Group Inc. (NYSE: SPG) Started as Outperform at KBW.

You can join our open email distribution list to receive daily emails with analyst upgrades and downgrades, top day trader alerts, market rumors, merger activity, IPOs and secondary offerings, Warren Buffett and guru activity and more.

Jon C. Ogg

Posted in Analyst Calls, Pre-Market Activity, Trading Alert Tagged: AEP, AGO, ARRS, ESRX, IRE, KBH, MTL, MU, RFMD, SPG

Russian ADRs Take Off (MTL)(LUKOY)

247wallst — Mon, 09 Nov 2009 20:25:02 +0000

Tickerspy’s Russian Stock and ADR Index is up close to 5% as the market goes into its close. Among the biggest movers was LUKOIL (OTC: LUKOY), an oil and gas company that was up over 6.5% today. Mechel OAO (NYSE: MTL), a mining company, was also up over 6.5%.

Russian oil and mining stocks were up today largely due to the effects of this weekend’s G-20 meetings, where world leaders agreed to continue their fiscal and monetary stimulus until global economic recovery. This news gave investors confidence that there will be demand for industrial commodities in the coming quarters. This has had the effect of pushing up the value of Russia’s ruble again the dollar, along with Russia MICEX index, as oil and metals mining represent a significant portion of that country’s economy.

Garrett W. McIntyre

Posted in Emerging Markets, ETF, International Markets, Metals Tagged: CTCM, LUKOY, MBT, MTL, NILSY, OGZPY, ROS, SGTPY, VIP, WBD

Top Analyst Upgrades and Downgrades (BCSI, CSCO, CAL, DAL, DYN, HA, MTL, SRE, LUV, TTM)

247wallst — Thu, 02 Jul 2009 11:31:01 +0000

These are the top pre-market analyst upgrades and downgrades we have seen this Thursday. There are going to be fewer and fewer research notes from now to what is most likely Tuesday morning as Friday is a holiday and Monday is being taken off by so many investment and research personnel.

Blue Coat Systems (BCSI) Started as Buy ar Auriga.
Cisco Systems (CSCO) Started as Buy at Deutsche Bank.
Continental Airlines (CAL) Raised to Overweight at Morgan Stanley.
Delta Airlines (DAL) Started as Overweight at Morgan Stanley.
Dynegy (DYN) Cut to Sell at Deutsche Bank.
Hawaiian Airlines (HA) Cut to Equal Weight at Morgan Stanley.
Mechel Steel (MTL) Raised to Neutral at Credit Suisse.
Sempra (SRE) Cut to Hold at Deutsche Bank.
Southwest Airlines (LUV) Cut to Underweight at Morgan Stanley.
Tata Motors (TTM) Raised to Buy at Deutsche Bank.

Jon C. Ogg
July 1, 2009

Posted in Analyst Calls Tagged: BCSI, CAL, CSCO, DAL, DYN, HA, LUV, MTL, SRE, TTM

Top Analyst Downgrades (ASTI, RATE, CHL, JNPR, MTL, SNP, TOT)

247wallst — Tue, 02 Jun 2009 11:33:12 +0000

These are the top pre-market analyst downgrades and cautious research calls we have seen from Wall Street early this Tuesday morning:

Ascent Solar (ASTI) Cut to Neutral at Merriman Curhan Ford.
Bankrate (RATE) Cut to Hold at Citigroup.
China Mobile (CHL) Removed from Conviction Buy List at Goldman Sachs.
Juniper Networks (JNPR) Cut to Neutral at UBS.
Mechel (MTL) Cut to Equal Weight at Morgan Stanley.
Sinopec (SNP) Removed from Conviction Buy List at Goldman Sachs.
Total (TOT) Cut to Hold at Citigroup.

JON C. OGG

Posted in Analyst Calls Tagged: ASTI, CHL, JNPR, MTL, RATE, SNP, TOT

Top Pre-Market Analyst Downgrades (ANF, ATVI, AA, CB, DELL, ERTS, FCX, MTL, STP)

247wallst — Mon, 17 Nov 2008 07:35:51 +0000

These are the top research downgrades and negative analyst calls we are seeing this Monday morning with more than two hours to the open:

Abercrombie & Fitch (ANF) Cut to Market Perform at FBR.
Activision Blizzard (ATVI) Cut to Neutral at Merrill Lynch.
Alcoa (AA) Cut to Neutral at UBS.
Chubb (CB) Cut to Equal Weight at Barclays.
Dell (DELL) Cut to Neutral at Merrill Lynch.
Electronic Arts (ERTS) Cut to Neutral at Merrill Lynch.
Freeport-McMoRan (FCX) Cut to Neutral at JPMorgan.
Mechel Steel (MTL) Cut to Sell at Citigroup.
Suntech Power (STP) Cut to Underweight at JPMorgan.

Jon C. Ogg
November 17, 2008

Posted in Analyst Calls Tagged: AA, ANF, ATVI, CB, DELL, ERTS, FCX, MTL, STP

The 52-Week Low Club (CCC)(MTL)(ARM)(TSN)(SVNT)

247wallst — Mon, 27 Oct 2008 14:55:11 +0000

Calgon Carbon (CCC) Outstanding notes convert to common shares. Drives stock to $10.54 from 52-week high of $23.03.

Mechel (MTL) Russian coal miner may issue up to 138.8 million preferred shares. Dives to $3.77 from 52-week high of $58.66.

Arvinmeritor (ARM) JPMorgan cuts rating for auto suppliers. Falls to $4.54 from 52-week high of $18.11.

Tyson Foods (TSN) Stephens research analyst lowers earnings forecast. Drops to $8.14 from 52-week high of $19.50.

Savient Pharmaceuticals (SVNT) Plummets on safety concerns about one if its treatments and analyst downgrade. Sells off to $2.80 from 52-week high of $28.42.

Douglas A. McIntyre

Posted in HI/LOW Tagged: ARM, CCC, MTL, SVNT, TSN

Russian ADR’s, ETF’s, Funds Hit On Military Actions (TRF, CEE, RSX, MBT, MTL, ROS, VIP, WBD)

247wallst — Fri, 08 Aug 2008 10:56:30 +0000

Russian shares in ETF’s, closed-end funds, and ADR’s are taking a little beating this morning after Russian forces have rolled in with tanks, troops, and air raids into Georgia’s breakaway South Ossetia region. Deciding who is responsible is up to you, particularly as Russia and its former Soviet Union states are known for information not coming out at all or not coming out in a timely and accurate manner. Here is a list of the reactions we are seeing in these stocks, funds, and ETF’s.

INDIVIDUAL RUSSIAN STOCK ADR’s:

Mobile Telesystems OJSC (NYSE: MBT) -6.8% at $66.29 on 1.88M shares
Mechel OAO Company (NYSE: MTL) -4.2% at $23.05 on 3.6M shares
Rostelecom OAO (NYSE: ROS) -3.75% at $68.35 on 64,000 shares
Vimpel-Communications (NYSE: VIP) -3.3% at $23.50 on 2.4M shares
Wimm-Bill-Dann Foods (NYSE: WBD) -6% at $76.10 on 164,000 shares

EXCHANGE TRADED FUND:

Market Vectors Russia ETF (NYSE: RSX) -5% at $40.15 on 946,000 shares

CLOSED-END FUNDS:

Templeton Russia and East European Fund Inc. (NYSE: TRF) -2.9% at $45.19 on 35,000 shares
Central Europe & Russia Fund Inc. (NYSE: CEE) -4% at $43.33 on 45,000 shares

The open ended mutual funds won’t really see any pricing changes untilthe net asset values update at the end of the day, so where thosereally trade at an end of day hypothetical net asset value might beguesswork. OPEN ENDED FUNDS:

ING Russia A Fund (LETRX)
JPMorgan Russia C Fund (JRUCX)
JPMorgan Russia Select Fund (JRUSX)
JPMorgan Russia R5 Fund (JRURX)
Third Millennium Russia Fund (TMRFX)
TEMPLETON RUSSIA AND EAST EUROPE Fund (XTRFX)
JPMorgan Russia A Fund (JRUAX)

Jon C. Ogg
August 8, 2008

Cramer Tours Kremlin & Politburo (MTL, WBD, CTCM, SEDC, CETV, TRF, RSX)

247wallst — Fri, 11 Apr 2008 18:07:05 +0000

This week on CNBC’s MAD MONEY, Jim Cramer highlighted how Russia has many very promising prospects for emerging markets investors. He gave many ways to play the country with ADR’s of public Russian companies that trade in the U.S. We only wanted to run a single summary since this was his fixed series going all week. Here were his picks this week for Russia:

Cramer’s Russian pick from Monday was in metals and mining pick of Mechel (NYSE: MTL) for steel demand being driven in Russia, China, and the Middle East.
On Tuesday, Cramer picked Russian food producing giant Wimm-Bill-DANN (NYSE: WBD) with more than 30%of Russian dairy and as the number 2 and number 3 producer of baby foods and juice products.
Cramer’s pick on Wednesday, he gave his top pick that night as CTC Media (NASDAQ: CTCM), the fourth largest television broadcaster in Russia with 42 television stations and 30% longterm growth.
On Thursday, Cramer picked Central European Distribution (NASDAQ: CEDC) as a vodka and liquor distributor in Russia and Eastern Europe.
Friday’s Cramer pick from Russia was Central European Media Enterprises Ltd. (NASDAQ: CETV), which invests in, develops, and operates national commercial television channels and stations in Central and Eastern Europe.

As far as going abroad, you’ve always heard 247WallSt.com talk about ETF’s and Closed-End funds as trading vehicles that offer significant upside without as much individual portfolio risk due to a single company. The longest running fund we used for investing in Russia is the Templeton Russia and East European Fund Inc. (NYSE: TRF) and the Market Vectors Russia ETF (NYSE: RSX).

If you have followed Cramer, he’s given many similar country category picks over the course of a week, particularly in BRIC countries. As far as another BRIC series Cramer has run for Brazil, Russia, India, and China:

Here were his top Brazil picks.
Here were his top 5 China picks.
One time he did BRIC+ME, from BRIC plus the Middle East.

You can join our open email distribution list to hear about special financings, secondary offerings, IPO’s, M&A, and more previews for other special situations in various stages.

Jon C. Ogg
April 11, 2008

Jon Ogg produces the Special Situation Investing Newsletter. He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Top 10 Pre-Market Analyst Calls (AVR, DNA, GM, HAIN, JNPR, MTL, MOT, NYT, BTU, YUM)

247wallst — Mon, 25 Feb 2008 07:44:19 +0000

Below are the top research calls that 247WallSt.com is focusing on:

Aventine Renewable Energy (NYSE: AVR) downgraded to Sell from Hold at Soleil.
Genentech (NYSE: DNA) raised to Outperform at Rodman & Renshaw.
General Motors (NYSE: GM) downgraded to Hold at Deutsche Bank.
Hain Celestial (NASDAQ: HAIN) raised to Buy at UBS.
Juniper Networks (NASDAQ: JNPR) raised to Outperform at RBC Capital Markets.
Mechel Steel (NYSE: MTL) raised to Buy at Deutsche Bank.
Motorola (NYSE: MOT) downgraded to Perform from outperform at Oppenheimer.
New York Times (NYSE: NYT) downgraded to Sell from Hold at Deutsche Bank.
Peabody Energy (NYSE: BTU) downgraded to Neutral from Buy at UBS.
YUM! Brands (NYSE: YUM) raised to Buy at UBS.

Jon C. Ogg
February 25, 2008