24/7 Wall St. » NWL

Top Analyst Upgrades & Downgrades (BNNY, CAB, CCL, CTRN, DPS, FSLR, ILMN, LEAP, NWL, PEP, PG, TWX, WDC)

Administrator — Mon, 07 May 2012 12:32:52 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday.

Annie’s, Inc. (NYSE: BNNY) Started as Overweight at JPMorgan; Started as Outperform at William Blair.

Cabela’s, Inc. (NYSE: CAB) named Bull of the Day at Zacks.

Carnival Corporation (NYSE: CCL) Cut to Neutral at Goldman Sachs.

Citi Trends, Inc. (NASDAQ: CTRN) named Bear of the Day at Zacks.

Dr. Pepper Snapple (NYSE: DPS) Raised to Equal-weight at Morgan Stanley.

First Solar, Inc. (NASDAQ: FSLR) Cut to Hold at Argus.

Illumina Inc. (NASDAQ: ILMN) Raised to Outperform and $55 target at Credit Suisse.

Leap Wireless International Inc. (NASDAQ: LEAP) Raised to Neutral at Piper Jaffray.

Newell Rubbermaid Inc. (NYSE: NWL) Raised to Outperform at Oppenheimer.

Pepsico (NYSE: PEP) Raised to Overweight at Morgan Stanley.

Procter & Gamble (NYSE: PG) Cut to Market Perform at Wells Fargo.

Time Warner Inc. (NYSE: TWX) Reiterated Buy with $46 target at Argus.

Western Digital Corporation (NYSE: WDC) named Value stock of the day at Zacks.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: BNNY, CAB, CCL, CTRN, DPS, FSLR, ILMN, LEAP, NWL, PEP, PG, TWX, WDC

24/7 Wall St. Closing Bell (PM, SNDK, BIDU, AMZN, ALU, ELY, CLWR, DECK, WY, TRP, GT, PG, NWL, MRK, HELE, F, COV, CVX, MDRX, EXPE, WDC)

Paul Ausick — Fri, 27 Apr 2012 20:05:47 +0000

Markets opened higher this morning following a lower-than-expected GDP growth estimate of 2.2%. That was weaker, but not awful (our coverage here). The consumer sentiment survey rose a couple of ticks in April, but Americans still believe the future will better than the present (our coverage here). The US dollar index fell today, now down -0.25% at 78.725. The GSCI commodity index is up 0.07% at 682.08, with commodities mostly higher on the slightly weaker dollar. WTI crude oil closed up 0.4% at $104.93/barrel, and Brent crude trades down -0.23% at $119.64/barrel. Gold settled up 0.3% today, at $1,664.80/ounce.

The unofficial closing bells put the DJIA up nearly 24 points to 13,228.24 (0.18%), the NASDAQ rose nearly 19 points (0.61%) to 3,069.20, and the S&P 500 rose 0.24% or more than 3 points to 1,403.37.

There were several analyst upgrades and downgrades today, including Philip Morris International Inc. (NYSE: PM) reiterated as ‘buy’ and target price raised to $94 at Argus; SanDisk Corp. (NASDAQ: SNDK) raised to ‘buy’ at Jefferies; Baidu Inc. (NASDAQ: BIDU) maintained as ‘neutral’ but target price cut at Credit Suisse; Amazon.com Inc. (NASDAQ: AMZN) raised to ‘buy’ at BofA/ML, Nomura, and Goldman Sachs; and Alcatel-Lucent SA (NYSE: ALU) maintained as ‘underperform’ and estimates cut at Jefferies.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Amazon.com is up 15.6% at $226.64; Callaway Golf Co. (NYSE: ELY) is down -14.9% at $5.94 (our coverage here); Clearwire Corp. (NASDAQ: CLWR) is down -2.7% at $1.43; Deckers Outdoor Corp. (NASDAQ: DECK) is down -25.5% at $51.78 after posting a new 52-week low of $51.03 (our coverage here); Weyerhaeuser Corp. (NYSE: WY) is down -0.3% at $20.81 (more coverage here); TransCanada Corp. (NYSE: TRP) is up 0.5% at $44.01; The Goodyear Tire & Rubber Co. (NYSE: GT) is down -5.1% at $11.32; Procter & Gamble Co. (NYSE: PG) is down -4% at $64.18 (our coverage here); Newell Rubbermaid Inc. (NYSE: NWL) is up 3.6% at $18.61; Merck & Co. (NYSE: MRK) is down -0.2% at $38.38; Helen of Troy Ltd. (NASDAQ: HELE) is up 4.4% at $35.33; Ford Motor Co. (NYSE: F) is down -2.1% at $11.62 (our coverage here); and Covidien plc (NYSE: COV) is up 0.5% at $55.32.

Be sure to look at our list of next week’s big earnings.

Other standouts from today include the following stocks:

Chevron Corp. (NYSE: CVX) is up 0.2% at $106.44. The supermajor oil company reported earnings in line, but production was down. More coverage here.

Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) is down -36% at $10.25 after posting a new 52-week low of $9.00. The healthcare services provider fired its chairman, and the list of woes goes on. More coverage here.

Expedia Inc. (NASDAQ: EXPE) is up 24.4% at $40.59. The Internet travel company posted better-than-expected quarterly results. More coverage here.

Western Digital Corp. (NYSE: WDC) is down -14.2% at $37.83. The disk drive maker had solid earnings, but worries abound about next quarter. More coverage here.

Stay tuned for Monday. We have noted the following events on the schedule (all times Eastern):

8:30 a.m. – Personal income and spending
9:45 a.m. – Chicago PMI
10:30 a.m. – Dallas Fed manufacturing survey
11:30 a.m. – 3- and 6-month bill auctions
3:00 p.m. – Farm Prices

Have a great weekend!

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: ALU, AMZN, BIDU, CLWR, COV, CVX, DECK, ELY, EXPE, F, GT, HELE, MDRX, MRK, NWL, PG, PM, SNDK, TRP, WDC, WY

Top Analyst Upgrades & Downgrades (MO, AMZN, UHAL, AMLN, ACI, CAJ, CMCSA, DE, DLR, ENS, EQIX, INCY, LO, WFR, NWL, NVDA, PM, RENN)

Administrator — Thu, 16 Feb 2012 13:11:40 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning.

Altria Group Inc. (NYSE: MO) Started as Hold at Jefferies.
Amazon.com Inc. (NASDAQ: AMZN) Cut to Equal-weight at Morgan Stanley.
AMERCO, Inc. (NASDAQ: UHAL) named as Bull of the Day at Zacks.
Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) Started as Outperform with $22 target at Credit Suisse.
Arch Coal, Inc. (NYSE: ACI) named as Bear of the Day at Zacks.
Canon, Inc. (NYSE: CAJ) Cut to Neutral at Credit Suisse.
Comcast Corporation (NASDAQ: CMCSA) Reiterated Buy and raised target to $37 at BofA/ML.
Deere & Co. (NYSE: DE) Cut to Market Perform Wells Fargo.
Digital Realty Trust, Inc. (NYSE: DLR) started as Overweight with $76 target at Morgan Stanley.
EnerSys Inc. (NYSE: ENS) named as Value Stock of the Day at Zacks.
Equinix, Inc. (NASDAQ: EQIX) Reiterated Buy with $155 target at BofA/ML.
Incyte Corporation (NASDAQ: INCY) Cut to Equal-weight at Morgan Stanley.
Lorillard, Inc. (NYSE: LO) Started as Buy at Jefferies.
MEMC Electronic Materials, Inc. (NYSE: WFR) Raised to Hold at Jefferies.
Newell Rubbermaid, Inc. (NYSE: NWL) Reiterated Buy and raised target to $24 at BofA/ML.
NVIDIA Corporation (NASDAQ: NVDA) Cut to Neutral at BofA/ML.
Philip Morris International Inc. (NYSE: PM) Started as Hold at Jefferies.
Renren Inc. (NYSE: RENN) Reinstated as Neutral at Credit Suisse.

If you enjoyed the top analyst upgrades and downgrades, you can sign up in the box below to join our morning email list to receive news directly in your inbox each morning. We include major analyst upgrades and downgrades, IPO and M&A news, special situation developments, observations on Warren Buffett and key market gurus, as well as special exclusive feature stories.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ACI, AMLN, AMZN, CAJ, CMCSA, DE, DLR, ENS, EQIX, INCY, LO, MO, NVDA, NWL, PM, RENN, UHAL, WFR

August’s New Massive Stock Buybacks… Over $30 Billion (LOW, CVS, CELG, COV, INTU, DISCA, HRS, LMT, RSG, LOW, ABC, MXIM, ANR, AVT, JAH, LUV, STJ, ECL, IPG, FRX, ACE, CLF, CTSH, KBR, NWL, VRX, AKAM, AOL, DLB, URBN, ACM, CHTR, MYGN, PFG, HSIC)

Administrator — Wed, 31 Aug 2011 19:00:52 +0000

The pace of stock buyback announcements in the month of August was almost unbelievable. The pace was stronger at the start of the month when earnings were still coming in droves, but the number of newly announced buyback plans and the extended or expanded buyback plans remained high throughout the entire month. Many companies announce share buybacks and never spend much on the actual plan. Today, these companies are by and large actually living up to their promises. These are The August Buyback Kings….

We would normally group these alphabetically, but not today. We grouped these in order of size and then we used an alphabetic order when it came to the same size of a buyback announcement. The first group is the billions of dollars.

We then grouped the stocks by size again from the under $1 billion down to $500 million, and then we grouped the buybacks of under $500 million down to $200 million. Usually we would cut the list off at buybacks of the $100 million and higher but the list was already too big so we cut the Buyback Kings off at $200 million for August. Lastly, we have a chart at the very end tallying it all up…. Some $28.7 billion for just the $200 million and higher in new or expanded buyback announcements. There were literally dozens of other buybacks that were closer to the $100 million mark and many more that were less than that.

The $1 billion and higher alone which were announced in August were as follows: Lowe’s Companies, Inc. (NYSE: LOW); CVS Caremark Corporation (NYSE: CVS); Celgene Corporation (NASDAQ: CELG); Covidien plc (NYSE: COV); Intuit Inc. (NASDAQ: INTU); Discovery Communications, Inc. (NASDAQ: DISCA); Harris Corporation (NYSE: HRS); and Lockheed Martin Corporation (NYSE: LMT).

Filed under: Dividend, Shareholder Issues, Stock Buybacks Tagged: ABC, ACE, ACM, AKAM, ANR, AOL, AVT, CELG, CHTR, CLF, COV, CSCO, CTSH, CVS, CVX, DISCA, DLB, ECL, FRX, HRS, INTU, IPG, JAH, KBR, LMT, LOW, LUV, MXIM, MYGN, NWL, NWSA, PFG, RSG, STJ, URBN, VRX, XOM

Share Buyback Announcements Continue In Droves (PFG, BIN, CLF, LTM, ACM, FRX, IPG, MYGN, RSG, LO, NWL, TIVO)

Administrator — Wed, 17 Aug 2011 17:18:32 +0000

It was just last week that we had identified literally 25 big share buyback announcements from companies in the preceding two weeks. These companies were actually buying back the stock as well rather than the historic buybacks that are not required to spend a penny. It turns out that the trend for August remains. Many new buyback announcements have been announced and it seems like companies are unlocking cash to repurchase their shares in droves.

Some of the larger and more impacting buyback announcements have been made by the following companies: Principal Financial Group Inc. (NYSE: PFG); Progressive Waste Solutions Ltd. (NYSE: BIN); Cliffs Natural Resources Inc. (NYSE: CLF); Life Time Fitness Inc. (NYSE: LTM); AECOM Technology Corp. (NYSE: ACM); Forest Laboratories Inc. (NYSE: FRX); Interpublic Group of Companies, Inc. (NYSE: IPG); Myriad Genetics Inc. (NASDAQ: MYGN); Republic Services, Inc. (NYSE: RSG); Lorillard, Inc. (NYSE: LO); Newell Rubbermaid Inc. (NYSE: NWL); and TiVo Inc. (NASDAQ: TIVO).

By now you already know that the attitude of 24/7 Wall St. is that dividends offer better long-term value than buybacks. We have shown what the dividend yield is for each here, or we have shown that there is no dividend.

Principal Financial Group Inc. (NYSE: PFG) announced that its board of directors has authorized a share buyback plan for up to $200 million in common stock. This represents about 8.5 million shares at current prices when average daily volume is 2.7 million shares. Its market cap is about $7.4 billion. The dividend yield is roughly 2.3% as of today.

Progressive Waste Solutions Ltd. (NYSE: BIN), also referred to as BFI Canada, announced a buyback of up to 4 million shares of common stock. That is about $80 million at today’s price. The market cap is $2.5 billion and the average daily volume is about 428,000 shares. The dividend yield is listed as being about 2.5%.

Cliffs Natural Resources Inc. (NYSE: CLF) has announced the authorization to buy back up to 4 million shares, close to $300 million in total per today’s dollars. The market cap is nearly $11 billion and the average volume is 3.7 million shares. The company’s dividend yield is only 1.5%.

Filed under: Corporate Governance, Dividend, Shareholder Issues, Stock Buybacks Tagged: ACM, BIN, CLF, FRX, IPG, LO, LTM, MYGN, NWL, PFG, RSG, TIVO

Deep Value Stocks in Consumer Goods (AVY, BMS, DF, JCI, KFT, LEG, NWL, PVH, RKT, SEE, XRX)

Administrator — Mon, 27 Jun 2011 14:07:56 +0000

24/7 Wall St. has been conducting reviews looking for value stocks now that the market has softened. Looking solely for “cheap stocks” on book value is very incomplete, so we have taken earnings growth, dividends, return on equity, and analyst data to create more of a complete review on these companies. Consumer Goods is perhaps a very broad sector which could easily be broken into many more sub-sectors, but we identified 11 companies with standout price to book values.

In alphabetical order of their ticker symbols: Avery Dennison Corporation (NYSE: AVY); Bemis Company, Inc. (NYSE: BMS); Dean Foods Co. (NYSE: DF); Johnson Controls Inc. (NYSE: JCI); Kraft Foods Inc. (NYSE: KFT); Leggett & Platt, Incorporated (NYSE: LEG); Newell Rubbermaid Inc. (NYSE: NWL); Phillips-Van Heusen Corp. (NYSE: PVH); Rock-Tenn Co. (NYSE: RKT); Sealed Air Corporation (NYSE: SEE); and, Xerox Corp. (NYSE: XRX).

Price to book values range from Xerox’s 1.1 to Johnson Controls’ 2.4. Even though we identified these companies in searching for attractive price to book values, every one of them offers respectable next-year earnings growth. Analysts expect next-year earnings expansion ranging from Newell Rubbermaid’s 10.6% to Rock-Tenn’s 39%. All sport forward PE multiples below 14. Forward PE’s range from Xerox Corp’s 8.1 to Kraft Foods’ 13.9.

Seven of the eleven companies boast an implied upside price expansion exceeding 20%, based on current share prices versus consensus price targets. Leggett & Platt, Newell Rubbermaid, Xerox and Johnson Controls lead the rest with implied price expansions ranging from more than 27% to close to 31%. Each of these eleven companies has an average daily trading volume exceeding 750,000 shares. Except where otherwise noted, the source for all performance and financial data is Finviz.com.

Avery Dennison Corporation (NYSE: AVY) has a price to book value near 2.3 to 1. The company’s market cap is just less than $4 billion giving it a middle-of-the-pack rank among these companies. Its forward PE is about 10.2. With a consensus target price of $46.71, the shares have an implied upside exceeding 25%. Shares of Avery Dennison closed Friday at $37.19, down 1.56%. The 52-week price range is $30.54 to $43.26. This outfit that makes labels and other office products recently took a downgrade to “Neutral” at Bank of America Merrill Lynch. It pays a nice dividend with a yield of close to 2.7% and shares were above $60 back in 2007 before the recession.

Bemis Company, Inc. (NYSE: BMS) has a price to book value of 1.8 to 1. The company’s market cap is just less than $3.4 billion. Its forward PE is near 12.5. With a consensus target price of $34.89, the shares have an implied upside of 8.6% among the lowest of these companies. Bemis Company shares closed Friday at $32.11, down 0.43. The 52-week price range is $25.79 to $33.57. The packaging materials company also has a respectable dividend yield of about 3%, even if Goldman Sachs did downgrade the rating to “Sell” in recent weeks..

Dean Foods Co. (NYSE: DF) boasts a price to book value of 1.4 to 1, ranking it second among these companies. The company’s market cap is $2.2 billion, the smallest of these companies. Its forward PE is near 13.2, among the highest on this list. With a consensus target price of $13.50, the shares have an implied upside 12.5%. In Friday trading Dean Foods closed at $12.00, down 1.80% for the day. The 52-week trading range is $7.13 to $13.90. This milk and dairy producer has been in recovery mode. It made this screen even after a recovery of more than 75% from the bottom. In 2007, shares were worth more than $40.00.

Johnson Controls Inc. (NYSE: JCI) has a price to book value of 2.4 to 1, a comparatively high price to book value ratio among these companies. With a market cap exceeding $26 billion, Johnson Controls is the second largest company ranked here. Its forward PE is a tad greater than 12. After robust expansion of earnings for the current year, analysts expect next-year earnings expansion exceeding 34%. With a consensus target price of $48.50, the shares have an implied upside of 23.8%. Shares of Johnson Controls closed Friday at $39.17, unchanged. The 52-week price range is $25.63 to $42.35. The car parts and systems manufacturer is one of the few which pay a dividend (about 1.6%) and this one has recovered mightily from the recession lows when shares fell to well under $10.00.

Filed under: Compensation, Consumer Goods, Corporate Governance, Dividend, Value Investing Tagged: AVY, BMS, DF, JCI, KFT, LEG, NWL, PVH, RKT, SEE, XRX

Top Day Trader Alerts (ATHR, CRUS, GS, IBM, MTG, NOK, SD, TXN, TUP, NWL, ZION)

Administrator — Tue, 20 Jul 2010 12:59:02 +0000

Many stocks are on the move this morning. Some of the top movers are tied to earnings news, although some of the day trader and active trader alerts are moving on other news. The top day trader and active trader alerts this morning are in Atheros Communications Inc. (NASDAQ: ATHR), Cirrus Logic Inc. (NASDAQ: CRUS), Goldman Sachs Group Inc. (NYSE: GS), International Business Machines Corp. (NYSE: IBM), MGIC Investment Corporation (NYSE: MTG), Nokia Corporation (NYSE: NOK), SandRidge Energy, Inc. (NYSE: SD), Texas Instruments Inc. (NYSE: TXN), Tupperware Brands Corporation (NYSE: TUP), Newell Rubbermaid Inc. (NYSE: NWL), and Zions Bancorp. (NASDAQ: ZION). We have shown the news and the move on each, and added in color for traders where applicable.

Atheros Communications Inc. (NASDAQ: ATHR) beat expectations on the surface, but the drop here appears to be tied to weaker PC-related revenues. There have been under 100,000 shares traded so far, but the stock is trading down 6.75% at $28.40 versus a 52-week range of $21.77 to $43.90 and a close yesterday of $30.46.

Cirrus Logic Inc. (NASDAQ: CRUS) is lower after a 118% gain in revenue to $81.9 million slightly beat Thomson Reuters estimates; Revenue guidance was put at $98 to $106 million, above estimates of $86+ million. As this is a seller of chips for iPad and iPhone, this wasn’t good enough. Shares are down 5.7% at $16.48 on over 350,000 shares. The 52-week range is $4.44 to $18.85.

Goldman Sachs Group Inc. (NYSE: GS) is trading lower by 3% at $141.20 on about 1 million shares after the investment banking giant posted lower income. Keep in mind that there is already talk that the earnings may have been sand-bagged.

International Business Machines Corp. (NYSE: IBM) was light on the top-line and its raised guidance for 2010 was slightly under consensus. Shares are down almost 5% at $123.80 on almost 100,000 shares.

MGIC Investment Corporation (NYSE: MTG) is up this morning after a surprise profit after what may have been 3 years worth of losses. Shares are trading up almost 5% at $8.20 on over 300,000 shares. Its 52-week range is $3.72 – $13.80.

Nokia Corporation (NYSE: NOK) must really need a new CEO to lead the company after all of its troubles. Rumors and reports of a new CEO search have shares up 2.5% at $9.04 on almost 700,000 shares.

SandRidge Energy, Inc. (NYSE: SD) is showing an unexpected rop for a day-two indication now that it has closed on its Arena Resources buyout. While on thin volume, we show shares down 2% at $6.30 in the pre-market trading.

Texas Instruments Inc. (NYSE: TXN) is getting slapped after meeting expectations. Shares are down 5.7% at $24.10 on about 140,000 shares.

Tupperware Brands Corporation (NYSE: TUP) is getting hit hard after its Q2 earnings miss. Shares are down 11.25% at $38.40 on only about 25,000 shares. Traders may want to watch shares of Newell Rubbermaid Inc. (NYSE: NWL) for any downward sympathy, although no shares of Newell have yet traded this morning.

Zions Bancorp. (NASDAQ: ZION) is getting clipped after an unexpected wider loss. Shares are down 8.4% at $19.62 on about 200,000 shares.

JON C. OGG

Filed under: General Tagged: ATHR, CRUS, GS, IBM, MTG, NOK, NWL, SD, TUP, TXN, ZION

Top 10 Analyst Upgrades and Downgrades (DELL, FNGN, HEW, NWL, NKE, NOK, PRSP, HOT, TMO, ZMH)

Administrator — Mon, 26 Apr 2010 12:25:06 +0000

These are ten of the top analyst calls seen so far this Monday morning from the upgrades, downgrades, and initiations from Wall Street firms:

Dell Inc. (NASDAQ: DELL) Cut to Hold at Standpoint Research.
Financial Engines, Inc. (NASDAQ: FNGN) Started as Neutral at Goldman Sachs; Started as Overweight at Piper Jaffray.
Hewitt Associates Inc. (NYSE: HEW) Raised to Neutral from Sell at Goldman Sachs.
Newell Rubbermaid Inc. (NYSE: NWL) Cut to Market Perform at BMO Capital.
Nike Inc. (NYSE: NKE) Reiterated Buy and Raised target to $85 at Goldman Sachs.
Nokia Corp. (NYSE: NOK) Cut to Hold at Citigroup.
Prosperity Bancshares (NASDAQ: PRSP) Cut to Neutral at SunTrust Robinson Humphreys.
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) Raised to Buy at Stifel Nicolaus.
Thermo Fisher Scientific (NYSE: TMO) Raised to Buy at Jefferies.
Zimmer Holdings (NYSE: ZMH) Raised to Overweight at JPMorgan.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Sponsor: 26 Cheap Stocks to Sell - Cheap stocks have been on a tear recently, but nine out of 10 cheap stocks are circling the drain!

Filed under: Analyst Calls Tagged: DELL, FNGN, HEW, HOT, NKE, NOK, NWL, PRSP, TMO, ZMH

Top 10 Analyst Upgrades & Downgrades (AMZN, ARG, BRCM, CME, XOM, HD, NWL, HK, PCLN, DIS)

247wallst — Mon, 08 Feb 2010 13:13:52 +0000

These are this Monday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:

Amazon.com Inc. (NASDAQ: AMZN) Raised to Buy at Collins Stewart.
AirGas Inc. (NYSE: ARG) Cut to Neutral at Baird; Cut to Hold at KeyBanc.
Broadcom Corp. (NASDAQ: BRCM) Started as Buy at Citigroup.
CME Group (NYSE: CME) Raised to Buy at Jefferies.
Exxon Mobil Corp. (NYSE: XOM) Raised to Buy at Collins Stewart.
Home Depot (NYSE: HD) Raised to Overweight at Morgan Stanley.
Newell Rubbermaid (NYSE: NWL) Raised to Overweight at Morgan Stanley.
Petrohawk Energy Corporation (NYSE: HK) Cut to Market Perform at Bernstein.
Pricline.com Inc. (NASDAQ: PCLN) Raised to Positive at Susquehanna.
Walt Disney Co. (NYSE: DIS) Raised to Neutral at JPMorgan.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG
FEBRUARY 8, 2010

Filed under: Analyst Calls Tagged: AMZN, ARG, BRCM, CME, DIS, HD, HK, NWL, PCLN, XOM

Top Analyst Upgrades & Downgrades (KG, MXIM, NWL, WFMI, WY, LM, POWI, S)

247wallst — Mon, 16 Mar 2009 12:06:34 +0000

These are some of the top pre-market analyst upgrades and downgrades from Wall Street this Monday morning:

King Pharma (KG) Raised to Overweight at Wachovia.
Maxim Integrated Products (MXIM) Raised to Market Perform at FBR.
Newell-Rubbermaid (NWL) Raised to Buy at B of A Merrill.
Whole Foods (WFMI) Raised to Market Perform at FBR.
Weyerhaueser (WY) Raised to Buy at Deutsche Bank.
Legg Mason (LM) Cut to Underperform at B of A Merrill.
Power Integrations (POWI) Cut to Sell at Piper Jaffray.
Sprint-Nextel (S) Cut to Market Weight at Wachovia.

JON C. OGG

Posted in Analyst Calls Tagged: KG, LM, MXIM, NWL, POWI, S, WFMI, WY