Posts for Ticker ‘ORLY’

Top Analyst Upgrades & Downgrades (A, CRA, CNQR, GLW, AZO, BHP, CERN, GOL, ORLY)

These are the top pre-market analyst upgrades and downgrades we have seen with just about two hours until the market opens this Monday morning:

Agilent (A) Raised to Outperform at Credit Suisse.
Celera (CRA) Raised to Overweight at Thomas Weisel.
Concur Tech (CNQR) Raised to Buy at Piper Jaffray.
Corning (GLW) Raised to Buy at Citigroup.
AutoZone (AZO) Cut to Neutral at UBS.
BHP Billiton (BHP) Cut to Underperform at Credit Suisse.
Cerner (CERN) Cut to Hold at Deutsche Bank.
GOL Linhas Areas Inteligentes (GOL) Cut to Neutral at UBS.
O’Reilly Auto (ORLY) Cut to Neutral at UBS.

JON C. OGG
March 23, 2009

Posted on: March 23, 2009 – 6:50 am in Analyst Calls, , , , , , , , ,

Top Analyst Upgrades (AAP, AZO, ED, CRH, DHR, LLY, INTC, LEAP, ORLY, SEIC)

money-stack-image42These are te upgrades and positive research calls that we have seen from Wall Street this Wednesday morning:

  • Advance Auto Parts (AAP) Started as Outperform at Baird.
  • AutoZone (AZO) Started as Outperform at Baird.
  • Con Edison (ED) Raised to Buy at Jefferies.
  • CRH plc (CRH) Raised to Buy at Goldman Sachs.
  • Danaher (DHR) Raised to Outperform at William Blair.
  • Eli Lilly (LLY) Raised to Buy at Citigroup.
  • Intel (INTC) Raised to Buy at Needham.
  • Leap Wireless (LEAP) Raised to Overweight at Thomas Weisel.
  • O’Reilly Automotive (ORLY) Started as Outperform at Baird.
  • SEI Investments (SEIC) Raised to Outperform at KBW.

JON C. OGG

Posted on: March 18, 2009 – 7:47 am in Analyst Calls, , , , , , , , , ,

Stocks on 52-Week Highs (APSG, AZO, EST, ORLY, SCOP, TIL)

money-stack-image7The stock market may be hitting lows not seen in more than a decade.  What is amazing is that there are actually several companies hitting 52-week highs today.  Companies featured are Applied Signal Tech (NASDAQ: APSG), AutoZone Inc. (NYSE: AZO), Enterprise Acquisition Corp. (EST), O’Reilly Automotive (NASDAQ: ORLY), Scopus Video Networks Ltd. (NASDAQ: SCOP), and Trans-India Acquisition Corp. (TIL).
Read More »

Posted on: March 3, 2009 – 1:00 pm in HI/LOW, Trading Alert, , , , , ,

Top Pre-Market Analyst Downgrades (ADBE, ADSK, LLNW, NIHD, ORLY, QSFT, SLM, SNTA, USM)

These are the top pre-market analyst downgrades and negative research calls we have seen this Friday morning:

  • Adobe (ADBE) Cut to Market Perform at Wachovia.
  • Autodesk (ADSK) Cut to Hold at KeyBanc.
  • Limelight Networks (LLNW) Cut to Hold at Jefferies.
  • NII Holdings (NIHD) Cut to Neutral at Piper Jaffray.
  • O’Reilly Autoparts (ORLY) Cut to Hold at Deutsche Bank.
  • Quest Software (QSFT) Cut to Market Weight at Thomas Weisel.
  • SLM (SLM) Cut to Equal Weight at Barclays.
  • Synta Pharmaceuticals (SNTA) downgraded at Lazard, Roth Capital, and Wachovia.
  • US Cellular (USM) Cut to Underperform at Baird.

JON C. OGG

Posted on: February 27, 2009 – 8:49 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Upgrades (AMED, CNQR, GTIV, ORLY, TU)

It is fairly thin in analyst coverage today, but these are some of the Friday morning analyst calls we are seeing before the open:

  • Amedisys (AMED) Started as Outperform at Baird.
  • Concur Tech (CNQR) Raised to Outperform at Oppenheimer.
  • Gentiva Health Services Inc. (GTIV) Started as Outperform at Baird.
  • O’Reilly Auto (ORLY) Started as Buy at UBS.
  • Telus (TU) Raised to Buy at UBS.

Jon C. Ogg
August 22, 2008

Posted on: August 22, 2008 – 6:33 am in Analyst Calls, , , , ,

Early-Bird Analyst Upgrades (DLTR, HTX, KLAC, ORLY, TSRA, AUY)

These are some of the early analyst upgrades or positive calls we are seeing this Wednesday in early pre-market hours:

  • Dollar Tree (DLTR) Raised to Buy at S&P.
  • Hutchinson Telecom (HTX) Raised to Buy at Citigroup.
  • KLA-Tencor (KLAC) Raised to Overweight at HSBC.
  • O’Reilly Automotive (ORLY) Raised to Overweight at JPMorgan.
  • Tessera Technologies (TSRA) Raised to Outperform at FBR.
  • Yamana Gold (AUY) Raised to Outperform at RBC.

JON C. OGG
August 20, 2008

Posted on: August 20, 2008 – 6:39 am in Analyst Calls, , , , , ,

Parts Merger: O’Reilly Automotive Buys CSK Auto (ORLY, CAO)

O’Reilly Automotive, Inc. (NASDAQ: ORLY) has announced that it and CSK Auto Corporation (NYSE: CAO) have signed a definitive merger agreement.

O’Reilly will acquire CSK in a transaction valued at approximately $1 Billion, after the inclusion of approximately $500 million of debt.  CSK shareholders will receive $11.00 in payment via O’Reilly common stock, on terms subject to a price collar, and will receive $1.00 in cash for each share of CSK.

Based on an exchange ratio equal to $11.00 divided by the average trading price of O’Reilly common stock will be based upon the five trading days ending two trading days prior to the consummation of the exchange offer plus $1.00.  If the average trading price of O’Reilly stock is above than $29.95, then the exchange ratio will equal 0.3673; and if the average trading price is less than $25.67, then the exchange ratio shall equal 0.4285.

O’Reilly said this will be modestly accretive to O’Reilly’s earnings per share in fiscal year 2009, and the cost savings are expected to be approximately $100 million annually beginning in fiscal year 2010.  O’Reilly has a commitment for $1.2 billion in asset based revolving credit with Bank of America and Lehman Brothers Inc.

The boards of directors of both companies have already approved the transaction.

Jon C. Ogg
April 1, 2008

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

Posted on: April 1, 2008 – 7:47 am in Autos, Mergers and Buy Outs, ,