Posts for Ticker ‘OSG’

Top Analyst Upgrades and Downgrades (CETV, CQB, CME, CFX, JAZZ, OSG, PII, UBS, WBS)

These are the top early-bird analyst calls with upgrades and downgrades seen this Friday morning with over two hours until the market opens:

  • Central European Media (CETV) Raised to Neutral at JPMorgan.
  • Chiquita Brands (CQB) Raised to Buy at Janney Montgomery Scott.
  • CME (CME) Raised to Neutral at JPMorgan.
  • Colfax (CFX) Raised to Buy ar KeyBanc.
  • Jazz Pharmaceuticals (JAZZ) Cut to Underweight at Barclays.
  • Overseas Shipholding Group (OSG) Cut to Market Perform at FBR.
  • Polaris (PII) Raised to Outperform at RBC.
  • UBS (UBS) Raised to Outperform at Credit Suisse.
  • Webster Financial (WBS) Raised to Market Perform at FBR.

Jon C. Ogg
June 26, 2009

Posted on: June 26, 2009 – 6:21 am in Analyst Calls, , , , , , , , ,

Top 10 Analyst Upgrades & Downgrades (ANF, CE, FLEX, FCL, HD, HMIN, LNC, MRO, OSG, SON)

These are ten of the top analyst upgrades and downgrades from Wall Street we have seen early this Wednesday morning with more than two hours until the market opens for trading:

Abercrombie & Fitch (ANF) Raised to Buy at Jefferies.
Celanese (CE) Cut to Hold at Citigroup.
Flextronics (FLEX) Cuto Sell at Collins Stewart.
Foundation Coal (FCL) Cut to Hold at Jefferies.
Home Depot (HD) Raised to Buy at Citigroup.
Home Inns (HMIN) Raised to Outperform at Oppenheimer.
Lincoln National (LNC) Raised to Outperform at Wachovia.
Marathon Oil (MRO) Cut to Market Perform at Bernstein.
Overseas Shipholding (OSG) Cut to Perform at Oppenheimer.
Sonoco Products (SON) Cut to Hold at KeyBanc.

JON C. OGG

Posted on: May 13, 2009 – 6:27 am in Analyst Calls, , , , , , , , , ,

Top10 Analyst Upgrades & Downgrades (ABB, APD, BP, BRCD, NAT, OSG, OVTI, TEVA, TRMB, WBS)

These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning:

ABB (ABB) Cut to Hold at Societe Generale.
Air Products (APD) Raised to Buy at Citigroup.
BP plc (BP) Raised to Buy at RBS.
Brocade Communications Systems (BRCD) Raised to Buy at Jefferies.
Nordic American Tanker (NAT) Cut to Sell at Cantor Fitzgerald.
Overseas Shipholding (OSG) Cut to Hold at Cantor Fitzgerald.
OmniVision (OVTI) Raised to Overweight at JPMorgan.
Teva (TEVA) Started as Buy at Jefferies.
Trimble Navigation (TRMB) Raised to Outperform at William Blair.
Webster Financial (WBS) Cut to Underperform at FBR.

JON C. OGG

Posted on: April 23, 2009 – 6:45 am in Analyst Calls, , , , , , , , , ,

Top 10 Analyst Calls (CMG, FTO, GS, NTAP, OSG, SBUX, SYY, TK, WRI, YUM)

These are the top 10 analyst calls we have seen early this Wednesday morning from Wall Street:

Chipotle Mexican Grill (CMG) Raised to Outperform at William Blair.
Frontier Oil (FTO) Cut to Hold at Deutsche Bank.
Goldman Sachs (GS) Cut to Neutral at JPMorgan.
Network Appliance (NTAP) Raised to Buy at Merriman Curhan Ford.
Overseas Shuipholding (OSG) Cut to Neutral at JPMorgan.
Starbucks (SBUX) Cut to Sell at Deutsche Bank.
Sysco (SYY) Cut to Neutral at JPMorgan.
Teekay (TK) Cut to Neutral at JPMorgan.
Weingarten Realty (WRI) Raised to Market Perform at Wachovia.
YUM Brands (YUM) Raised to Overweight at JPMorgan.
JON C. OGG

Posted on: April 15, 2009 – 6:58 am in Analyst Calls, , , , , , , , , ,

Transportation Stocks Set To Double (CAL, ITWO, KSU, OSG, R)

money-stack-image34Over the past week 24/7 Wall St. has picked several stocks from major sectors that are likely to double off of their lows.  This group focuses on the transportation sector with the picks being Continental Airlines, Inc. (NYSE: CAL), i2 Technologies, Inc. (NASDAQ: ITWO), Kansas City Southern (NYSE: KSU), Overseas Shipholding Group Inc. (NYSE: OSG), and Ryder System, Inc. (NYSE: R).

We have more details on why we like these over peers, but there are several suppositions in our opinions here. The time frame is by the end of 2010, which is meant to coincide with some form of economic recovery next year.  A number of the credit and financial issues facing the markets will be in place for the near-term or longer.  The other assumption used for choosing the stocks is a market bottom of roughly 600 on the S&P 500.  Unfortunately, there is also the added risk of energy costs and now a new emissions “cap-and-trade” tax to consider.
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Posted on: March 17, 2009 – 4:45 am in Transports, Value Investing, , , , , , , , , , ,

Top Analyst Upgrades (BKC, CS, FNF, HES, IFX, NUE, OSG)

Money_stack_picThese are the top analyst upgrades we have seen this Monday morning ahead of the opening bell:

  • Burger King (BKC) Raised to Buy at UBS.
  • Credit Suisse (CS) Raised to Buy at Merrill Lynch.
  • Fidelity National (FNF) Raised to Overweight at Barclays.
  • Hess (HES) Raised to Outperform at Credit Suisse.
  • Infineon (IFX) Raised to Neutral from Sell at Deutsche Bank.
  • Nucor (NUE) Raised to Buy at Deutsche Bank.
  • Overseas Shipholding (OSG) Raised to Overweight at JPMorgan.

Jon C. Ogg
December 22, 2008

Posted on: December 22, 2008 – 8:32 am in Analyst Calls, , , , , , ,

Shipping Stocks Try To Find Safe Harbors (SFL, FRO, OSG, NAT, SB, SEA)

Cargo_ship_picIt is no secret that shipping stocks have been horrible performers of late.  In fact, they have made the dismal performance seen at some trucking companies look like trucking was a blue chip sector. 

A recent industry contact told us just how bad the shipping business has gotten.  A ship leased in May for a China departure was leased at more than 10-times the day rate that the same ship leased for in mid-October.  His comment was that it felt as though China was going to return to farming rather than building infrastructure and manufacturing facilities.

Read More »

Posted on: November 4, 2008 – 11:40 am in ETF, Trading Alert, Transports, , , , , ,

Early Bird Analyst Upgrades (ACOR, BIIB, BKC, CHRT, OSG, SLB, TSO, WMT)

These are some of the top pre-market upgrades from analysts which we have seen in the early hours this Monday morning:

  • Acorda Therapeutics (ACOR) Raised to Outperform at Baird.
  • Biogen Idec (BIIB) Raised to Outperform at Baird and Raised to Buy at Deutsche Bank.
  • Burger King (BKC) Raised to Outperform at Wachovia.
  • Chartered Semiconductor (CHRT) Raised to Neutral from Sell at Goldman Sachs.
  • Overseas Shipholding (OSG) Raised to Outperform at Oppenheimer.
  • Schlumberger (SLB) Raised to Buy at Goldman Sachs.
  • Tesoro (TSO) Raised to Neutral at JPMorgan.
  • Wal-Mart Stores (WMT) Raised to Overweight at JPMorgan.

Jon C. Ogg
November 3, 2008

Posted on: November 3, 2008 – 7:38 am in Analyst Calls, , , , , , , ,

Early Bird Analyst Downgrades (ADCT, ACL, AMMD, BGH, CNB, CNW, ERTS, FCX, NAT, OSG, PCU, STM)

Down_arrow_redThese are some of the top analyst downgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open:

  • ADC Telecommunications (ADCT) Cut to Underweight from Overweight at JPMorgan.
  • Alcon (ACL) Cut to Neutral from Overweight at JPMorgan.
  • American Medical Systems (AMMD) Cut to Market Weight at Thomas Weisel.
  • Buckeye Group Holdings LP (BGH) Cut to Neutral at Goldman Sachs.
  • Colonial Bancgroup Inc. (CNB) Cut to Neutral at JPMorgan.
  • Con-Way,Iinc (CNW) Cut to Neutral at Baird.
  • Electronic Arts (ERTS) Cut to Sell at S&P Equity Research.
  • Freeport-McMoRan (FCX) Cut to Neutral from Buy at Goldman Sachs.
  • Nordic American Tanker (NAT) Cut to Neutral at JPMorgan.
  • Overseas Shipholding (OSG) Cut to Neutral at JPMorgan.
  • Souhern Copper (PCU) Cut to Sell at Goldman Sachs.
  • STMicroelectronics (STM) Cut to Hold at S&P Equity Research.

Jon C. Ogg
October 23, 2008

Posted on: October 23, 2008 – 6:30 am in Analyst Calls, , , , , , , , , , , ,

Major Buybacks This Week (CCOI, FOSL, HIG, KALU, OSG, URI, UTX)

As we have pointed out over and over, it appears that buyback announcements are on the decline in a serious way as far as "new buyback plans" being announced.  Ultimately we believe that the buyback paces coming to a crawl is for several factors, with the main issues being the need of cash and the embedded insurance policy this gives companies who want to shore up their capital during a weak economy.  We did not count the smaller buyback announcements, but these are the larger ones we saw  this week (alphabetically rather than chronologically):

Cogent Communication (NASDAQ: CCOI) completed its prior plan and added another $50 million to its buyback machine.  The market cap is about $682 million.

Fossil Inc. (NASDAQ: FOSL) announced that it would repurchase some 2 million shares, or roughly 3% of its shares outstanding.

Hartford Financial Services (NYSE: HIG) added $1 Billion to its prior plan, and its market cap is nearly $23 Billion.

Kaiser Aluminum Corp. (NASDAQ: KALU) is one of the old ones that would be easy to overlook or forget about.  But the company raised its dividend and announced a $75 million share repurchase program.  This is only about 1.1 to 1.2 million shares, but when you compare it to the $1.3 Billion market cap and the 390,000 share average daily volume it large on a percentage basis. 

Overseas Shipholding (NYSE: OSG) replaced its prior buyback plan with a $250 million stock buyback announcement, and it raised its dividend too.  This represents more than 3 million shares at current prices and compares to about a $2.4 Billion market cap.

The big kahuna buyback came from United Rentals, Inc. (NYSE: URI) announced it was doing a swap and buyback of some 27.16 million shares.  This represents close to 31% of its entire outstanding share count.

United Technologies (NYSE: UTX) was perhaps the largest buyback from the largest company this week.  The company announced it would buy back up to 60 million shares as a replacement to its prior plan.  Based on a near-$70 price, this implies a sum of up to $4.2 Billion if prices remained static.  This has roughly 973 million shares outstanding.

Jon C. Ogg
June 13, 2008

Posted on: June 13, 2008 – 12:02 pm in Stock Buybacks, The Week, , , , , , ,

Top 10 Pre-Market Analyst Calls (MO, AMZN, GS, IP, NCC, NOVL, RMG, SAP, URI, GMR, OSG, TK)

Below are the top analyst upgrades and downgrades we are looking at this Tuesday morning:

  • Altria Group (NYSE: MO) Started as Buy at UBS.
  • Amazon.com (NASDAQ: AMZN) started as Buy at Canaccord Adams.
  • Goldman Sachs (NYSE: GS) raised to Outperform at Wachovia.
  • International Paper (NYSE: IP) downgraded to Neutral at JP Morgan.
  • National City (NYSE: NCC) raised to Market Perform at KBW.
  • Novell (NASDAQ: NOVL) started as Buy at Broadpoint Capital.
  • RiskMetrics (NYSE: RMG) raised to Buy at Banc of America.
  • SAP AG (NYSE: SAP) raised to Outperform at Bernstein.
  • United Rentals (NYSE: URI) downgraded to Underweight at JP Morgan.

Citigroup raised overseas ship tankers to Buy from Hold: General Maritime (NYSE: GMR), Overseas Shipholding (NYSE: OSG), and Teekay Shipping (NYSE: TK).

Jon C. Ogg
March 18, 2008

Posted on: March 18, 2008 – 6:24 am in Analyst Calls, , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ABX, BIOD, FTK, GLNG, OSG, TEF, PAR, UPL, XLNX)

Below are the top 10 individual analyst calls we are focusing on this morning:

  • Barrick Gold (NYSE: ABX) downgraded to neutral at Credit Suisse.
  • Biodel (NASDAQ:    BIOD) started as Overweight at JPMorgan.
  • Flotek Ind. (NYSE: FTK) started as Outperform at bear Stearns.
  • Golar LNG (NASDAQ: GLNG) downgraded to Hold at Jefferies and downgraded to Market Perform at FBR.
  • Overseas Shipholding (NYSE: OSG) raised to Outperform at Bear Stearns.
  • Telefonica SA (NYSE: TEF) raised to Buy at UBS.
  • 3Par (NYSE: PAR) started as Buy at Merriman Curhan Ford.
  • Ultra Petroleum (NYSE: UPL) downgraded to Neutral at JPMorgan.
  • Xilinx (NASDAQ: XLNX) raised to Buy at UBS.

Jon C. Ogg
February 27, 2008

Posted on: February 27, 2008 – 7:55 am in Analyst Calls, , , , , , , , ,

Pre-Market Analyst calls (July 18, 2007)

ACI cut to Hold at Citigroup.
AKAM started as Outperform at FBR.
BAGL started as Outperform at Piper Jaffray.
BTU cut to Hold at Citigroup.
CPB raised to Outperform at Bernstein.
DAC started as Outperform at Credit Suisse.
DSX started as Outperform at Credit Suisse.
DVA cut to Hold at Deutsche Bank.
FBCM started as Buy at Jefferies.
FCL cut to Hold at Citigroup.
IMB cut to Equal Weight at Lehman.
INTC cut to Mkt Perform at JMP Securities.
KEYS cut to Hold at BB&T.
KEYS cut to Mkt Perform at Morgan Keegan.
KND cut to Underperform at Wachovia.
LDK started as Outperform at CIBC.
LLNW started as Hold at Jefferies.
LLNW started as Mkt Perform at Piper jaffray.
MBRX cut to Hold at Jefferies.
OSG started as Outperform at Credit Suisse.
PX started as Outperform at CIBC.
QMAR started as Outperform at Credit Suisse.
RE cut to Peer Perform at Bear Stearns.
RSG cut to Mkt Perform at FBR.
SNDK raised to Overweight at JPMorgan.
SNY raised to Overweight at HSBC.
SSW started as neutral at Credit Suisse.
TK started as neutral at Credit Suisse.
TNP started as Outperform at Credit Suisse.
TOT cut to Neutral at JP Morgan.
WLL raised to Buy at KeyBanc/McDonald.

Jon C. Ogg
July 18, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 18, 2007 – 6:47 am in Analyst Calls, , , , , , , , , , , , , , , , , ,

Pre-Market Analyst Calls (July 6, 2007)

BP raised to Buy at Deutsche Bank.
BRG raised target at Deutsche Bank.
CACH started as Neutral at JP Morgan.
DCEL cut to Hold at Jefferies.
HLT downgraded at Jefferies, Citigroup, and at Susquehanna.
MSFT cut estimates at D.A. Davidson.
OSG raised to Overweight at JP Morgan.
PPDI reiterated outperform at Baird.
RJF raised to Outperform at Wachovia.
RDS.A raised to Buy at Deutsche Bank.
UDRL raised to Peer Perform at Bear Stearns.

Jon C. Ogg
July 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 6, 2007 – 6:50 am in Analyst Calls, , , , , , , , , , ,