24/7 Wall St. » PL

Top Analyst Upgrades & Downgrades (ADTN, BMR, COF, CETV, ERTS, EPB, IDIX, LYG, MMM, NTGR, PLD, PL, SWC, TOL, TSM, VRTX, WSM)

Administrator — Thu, 14 Jul 2011 12:34:26 +0000

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

Adtran Inc. (NASDAQ: ADTN) Reiterated Buy with $49 target at Argus.
BioMed Realty (NYSE: BMR) Raised to Buy at Jefferies.
Capital One Financial Corporation (NYSE: COF) Reiterated Sell at Argus.
Central European Media Enterprises Ltd. (NASDAQ: CETV) Started as Underperform at Credit Suisse.
Electronic Arts Inc. (NASDAQ: ERTS) Reiterated Hold at Argus.
El Paso Pipeline Partners, L.P. (NYSE: EPB) Started as Outperform at Credit Suisse.
Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) Started as Neutral at Credit Suisse.
Lloyds Banking Group plc (NYSE: LYG) Raised to Buy at Goldman Sachs.
3M Co. (NYSE: MMM) Cut to Underperform at BofA/ML.
Netgear Inc. (NASDAQ: NTGR) Cut to Equal-Weight at Barclays.
ProLogis (NYSE: PLD) Cut to Underperform at Jefferies.
Protective Life Corp. (NYSE: PL) Raised to Buy at BofA/ML.
Stillwater Mining Co. (NYSE: SWC) Cut to Neutral at JPMorgan.
Toll Brothers Inc. (NYSE: TOL) Raised to Buy at Goldman Sachs.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) Cut to Neutral at JPMorgan.
Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) Started as Underperform at Credit Suisse.
Williams-Sonoma Inc. (NYSE: WSM) Raised to Buy at Goldman Sachs.

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

JON C. OGG

Filed under: Analyst Calls Tagged: ADTN, BMR, CETV, COF, EPB, ERTS, IDIX, LYG, MMM, NTGR, PL, PLD, SWC, TOL, TSM, VRTX, WSM

Top Analyst Upgrades & Downgrades (BYD, BKE, CSIQ, CLNE, ENER, ESLR, HANS, IM, JCP, MBT, PL, USI, VLO)

Administrator — Fri, 11 Mar 2011 13:15:02 +0000

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

Boyd Gaming Corp. (NYSE: BYD) Reiterated Outperform at Credit Suisse.
The Buckle Inc. (NYSE: BKE) Raised to Hold at S&P Equity Research (late-Thursday call).
Canadian Solar, Inc. (NASDAQ: CSIQ) Maintained Buy with $20 target at Auriga.
Clean Energy Fuels Corp. (NASDAQ: CLNE) Maintained Neutral, lowered estimates, but Raised target to $15 at BofA/ML.
Energy Conversion Devices, Inc. (NASDAQ: ENER) maintained Neutral but target cut to $2.50 at Credit Suisse.
Evergreen Solar Inc. (NASDAQ: ESLR) Cut to Underweight at JPMorgan.
Hansen Natural Corporation (NASDAQ: HANS) Cut to Neutral at Goldman Sachs.
Ingram Micro Inc. (NYSE: IM) Raised to Buy at S&P Equity Research (late-Thursday call).
J.C. Penney Co., Inc. (NYSE: JCP) named Bull of the Day at Zacks Investment Research.
Mobile Telesystems (NYSE: MBT) Raised to Outperform at Credit Suisse.
Protective Life Corp. (NYSE: PL) Raised to Neutral at BofA/ML.
Unisys Corporation (NYSE: UIS) Raised to Hold at S&P Equity Research (late-Thursday call).
Valero Energy Corporation (NYSE: VLO) Reiterated Outperform and target raised to $41 at Credit Suisse.

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

JON C. OGG

Filed under: Analyst Calls Tagged: BKE, BYD, CLNE, CSIQ, ENER, ESLR, HANS, IM, JCP, MBT, PL, USI, VLO

New Wave of Secondary Offerings (AWR, ENR, FIG, PL, SMTB, WAL)

247wallst — Fri, 15 May 2009 11:37:06 +0000

We are seeing yet another wave of secondary offerings that have priced between yesterday’s close and this morning. The offerings we have seen come to more than $1 billion and are from American States Water (NYSE: AWR), Energizer Holdings Inc. (NYSE: ENR), Fortress Investment Group LLC (NYSE: FIG), Protective Life Corp. (NYSE: PL), Smithtown Bancorp (NASDAQ: SMTB), and Western Alliance Bancorporation (NYSE: WAL).

We have broken these down by price and size, along with the difference of the pricing from yesterday’s close and from highs earlier this week.

American States Water (AWR) priced a 1 million share secondary at 31.00 per shares. It closed at $31.21 Thursday.

Energizer Holdings Inc. (ENR) priced its expected secondary offering of 9.5 million shares at $49.00 per share after closing at $49.69 yesterday and after being at $54.00 on Monday.

Fortress Investment Group LLC (FIG) raised $200 million after pricing a 40 million unit offering at $5.00 per unit. This was after a $5.26 close on Thursday and after units had hit $7.00 last week before financial offerings came fast down the pipe.

Protective Life Corp. (PL) priced a 13.5 million share secondary offering at $9.00 per share. That is after closing at $9.23 on Thursday.

Smithtown Bancorp (SMTB) priced a 2.8 million share secondary offering at $10.00 per share after closing at $11.24 on Thursday. SHares were $13.00 on Tuesday.

Western Alliance Bancorporation (WAL) priced a 29.2 million share secondary offering at $6.00 per share after closing at $6.26 yesterday and after closing at $8.73 monday.

JON C. OGG

May 15, 2009

Posted in Banking, Secondary Offering Tagged: AWR, ENR, FIG, PL, SMTB, WAL