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Top Analyst Upgrades & Downgrades (AKAM, ANGI, AAPL, CBE, FIO, GGP, GES, PETD, PMCS, PLD, REG, RS, UA, PANL, VTR, WSM)

Administrator — Tue, 03 Jan 2012 13:20:51 +0000

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

Akamai Technologies, Inc. (NASDAQ: AKAM) Cut to Neutral from Buy at Janney Capital Markets.
Angie’s List, Inc. (NASDAQ: ANGI) Started as Buy at Stifel Nicolaus; Started as Perform at Oppenheimer; Started as Buy at Janney Capital Markets.
Apple Inc. (NASDAQ: AAPL) lowered price target to $513 from $530 at Morgan Keegan.
Cooper Industries plc (NYSE: CBE) Cut to Neutral from Outperform at Credit Suisse.
Fusion-io, Inc. (NYSE: FIO) Raised to Overweight at Morgan Stanley.
General Growth Properties Inc. (NYSE: GGP) Cut to Neutral from Outperform at Credit Suisse.
Guess?, Inc. (NYSE: GES) Cut to Underperform from Neutral as Bear of the Day at Zacks Investment Research.
Petroleum Development Corporation (NASDAQ: PETD) Cut to Hold at Canaccord Genuity.
PMC-Sierra Inc. (NASDAQ: PMCS) Cut to Neutral with $6 target at Goldman Sachs.
Prologis, Inc. (NYSE: PLD) Started as Outperform at Wells Fargo.
Regency Centers Corporation (NYSE: REG) Cut to Neutral from Outperform at Credit Suisse.
Reliance Steel & Aluminum Company (NYSE: RS) named as value stock of the day at Zacks Investment Research.
Under Armour, Inc. (NYSE: UA) Raised to Outperform with $90 target at Baird.
Universal Display Corporation (NASDAQ: PANL) maintained Hold and lowered estimates and target to $35 at Canaccord Genuity.
Ventas, Inc. (NYSE: VTR) Raised to Long-Term Outperform and named as the Bull of the Day at Zacks Investment Research.
Williams-Sonoma Inc. (NYSE: WSM) Cut to Sell at Janney Capital Markets.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, AKAM, ANGI, CBE, FIO, GES, GGP, PANL, PETD, PLD, PMCS, REG, RS, UA, VTR, WSM

Dividend Analysis: Commercial REITs With Most Upside (GOV, OFC, EPR, DRE, REG, KIM, DLR, VNO, SPG, DDR)

Paul Ausick — Mon, 14 Nov 2011 19:43:55 +0000

There are a wide variety of REITs involved in non-residential property ownership and management and a few of these are our focus today. These include general office space, technology company office space, buildings leased to government, retail stores, mall buildings, commericial real estate, and movie complexes.

The companies included in today’s report include Government Properties Income Trust (NYSE: GOV), Corporate Office Properties Trust (NYSE: OFC), Entertainment Properties Trust (NYSE: EPR), Duke Realty Corp. (NYSE: DRE), Regency Centers Corp. (NYSE: REG), Kimco Realty Corp. (NYSE: KIM), Digital Realty Trust, Inc. (NYSE: DLR), Vornado Realty Trust (NYSE: VNO), Simon Property Group Inc. (NYSE: SPG), and DDR Corp. (NYSE: DDR).

All data from Yahoo! Finance, and current prices gathered shortly after noon today.

Government Properties Income Trust (NYSE: GOV) has a median target price of $23.00 from 6 brokers. Shares are trading today at $21.42, for an implied gain of $1.58, or 7.4%. Government Properties’ forward P/E is 10.71 and the company pays a dividend yield of 7.9%. The stock’s 52-week trading range is $19.68-$27.80, and at today’s price that’s about 9% above its 52-week low and 23% below the 52-week high.

Although the company’s implied upside is not among the highest in this group, its list-leading dividend yield and the space between its current price and its 52-week high recommend the stock. One possible downside remains the looming federal budget reduction, which could seriously weigh on the stock.

Corporate Office Properties Trust (NYSE: OFC) has a median target price of $25.50 from 10 brokers. Shares are trading today at $22.83, for an implied gain of $2.67, or 11.7%. Corporate Office’s forward P/E is 31.3 and the company pays a dividend yield of 7%. The stock’s 52-week trading range is $19.65-$36.90, and at today’s price that’s about 16% above its 52-week low and 38% below the 52-week high.

The high forward P/E ratio and the distance between the current price and the 52-week high should lower the stock’s implied gain of nearly 12%. The substantial dividend yield makes up for a lot of sins though.

Entertainment Properties Trust (NYSE: EPR) has a median target price of $46.00 from 7 brokers. Shares are trading today at $44.11, for an implied gain of $1.89, or 4.3%. Entertainment Properties’ forward P/E is 12.45 and the company pays a dividend yield of 6.2%. The stock’s 52-week trading range is $35.71-$50.44, and at today’s price that’s about 24% above its 52-week low and 13% below the 52-week high.

The company reported an EPS of $0.80 in its third quarter, the first positive report this year. That coupled with earnings growth in the current quarter have pushed the stock near its 52-week high, with the lowest implied gain of any of these companies. The dividend yield is certainly attractive, though.

Duke Realty Corp. (NYSE: DRE) has a median target price of $14.00 from 13 brokers. Shares are trading today at $11.50, for an implied gain of $2.50, or 21.7%. Duke’s forward P/E is 10.48 and the company pays a dividend yield of 5.8%. The stock’s 52-week trading range is $9.29-$15.63, and at today’s price that’s about 24% above its 52-week low and 26% below the 52-week high.

At today’s price, Duke’s dividend yield and its implied gain are very attractive, particularly when coupled with a moderate forward P/E and a reasonable amount of space to its 52-week high.

Filed under: Analyst Calls, Dividend, REIT, Value Investing Tagged: DDR, DLR, DRE, EPR, GOV, KIM, OFC, REG, SPG, VNO

Top Analyst Upgrades & Downgrades (BIDU, CYOU, CLB, CSX, EBAY, HLF, M, MON, PVH, PLCM, REG, WDC, WU, WYNN, YOKU)

Administrator — Thu, 20 Oct 2011 12:28:15 +0000

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

Baidu, Inc. (NASDAQ: BIDU) Cut to Neutral at Goldman Sachs.
Changyou.com Limited (NASDAQ: CYOU) Raised to Buy at Goldman Sachs.
Core Laboratories N.V. (NYSE: CLB) Cut to Market Perform at FBR.
CSX Corporation (NYSE: CSX) Cut to Market Perform at Wells Fargo.
eBay Inc. (NASDAQ: EBAY) Maintained long-term outperform and near-term hold at Zacks; reiterated Outperform at Credit Suisse.
Herbalife (HLF: NYSE) Reiterated Buy at Canaccord Genuity.
Macy’s Inc. (NYSE: M) Started as Overweight at JPMorgan.
Monsanto Co. (NYSE: MON) Started as Market Perform at Wells Fargo.
PVH Corp. (NYSE: PVH) named value stock of the day at Zacks.
Polycom, Inc. (NASDAQ: PLCM) Cut to Neutral at Piper Jaffray; Cut to Market Perform at William Blair.
Regency Centers Corporation (NYSE: REG) Raised to Outperform at Credit Suisse.
Western Digital Corporation (NYSE: WDC) Cut to Underweight at JPMorgan.
Western Union (NYSE: WU) Raised to Outperform as Bull of the Day at Zacks.
Wynn Resorts Ltd. (NASDAQ: WYNN) Reiterated Outperform at Credit Suisse.
Youku.com Inc. (NYSE: YOKU) Raised to Conviction Buy List at Goldman Sachs.

JON C. OGG

Filed under: Analyst Calls Tagged: BIDU, CLB, CSX, CYOU, EBAY, HLF, M, MON, PLCM, PVH, REG, WDC, WU, WYNN, YOKU

Top Analyst Upgrades and Downgrades (DE, DECK, EMN, DD, EMC, NTAP, NUS, RBS, NGG, REG, CRM, VMW, WFMI)

Administrator — Fri, 19 Nov 2010 13:03:51 +0000

These are some of this Friday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Deere & Co. (NYSE: DE) Raised to Buy at UBS.
Deckers Outdoor Corporation (NASDAQ: DECK) Started as Buy at Jefferies.
Eastman Chemical Co. (NYSE: EMN) Cut to Neutral at Goldman Sachs.
E.I. duPont de Nemours (NYSE: DD) Raised to Buy at Goldman Sachs.
EMC Corp. (NYSE: EMC) Started as Buy at Wunderlich.
NetApp, Inc. (NASDAQ: NTAP) Started as Hold at Wunderlich.
Nu Skin Enterprises Inc. (NYSE: NUS) Raised to Buy at BofA/ML.
Royal Bank of Scotland (NYSE: RBS) Cut to Neutral at Macquarie.
National Grid plc (NYSE: NGG) Cut to Neutral at Nomura.
Regency Centers Corp. (NYSE: REG) Raised to Buy at BofA/ML.
Salesforce.com Inc. (NYSE: CRM) Reiterated Neutral but target raised to $100 at Credit Suisse.
VMware Inc. (NYSE: VMW) Started as Hold at Wunderlich.
Whole Foods Market, Inc. (NASDAQ: WFMI) Cut to Neutral at UBS.

MELA Sciences Inc. (NASDAQ: MELA) is up over 100% after an FDA panel vote.

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JON C. OGG

Filed under: Analyst Calls Tagged: CRM, DD, DECK, EMC, EMN, NGG, NTAP, NUS, RBS, REG, VMW, WFMI

Top Pre-Market Analyst Downgrades (LNT, CNP, ESLR, FORR, IFF, LTM, LQDT, NTRS, OPXT, REG)

247wallst — Fri, 06 Feb 2009 12:24:29 +0000

These are the top analyst downgrades and negative research calls we have seen on Wall Street this Friday with more than two hours until the market opens:

Alliant Energy (LNT) Cut to Neutral at Baird.
CenterPoint (CNP) Cut to Hold at Jefferies.
Evergreen Solar (ESLR) Cut to Neutral at Piper Jaffray.
Forrester Research (FORR) Cut to Market Perform at William Blair.
International Flavors (IFF) Cut to Underweight at KeyBanc.
Life Time Fitness (LTM) Cut to Market Perform at Morgan Keegan.
Liquidity Services (LQDT) Cut to Perform at Oppenheimer.
Northern Trust (NTRS) Cut to Market Perform at KBW.
Opnext (OPXT) Cut to Perform at Oppenheimer.
Regency Centers (REG) Cut to Neutral at JPMorgan.

Jon C. Ogg
February 6, 2009

Posted in Analyst Calls Tagged: CNP, ESLR, FORR, IFF, LNT, LQDT, LTM, NTRS, OPXT, REG

Pre-Market Analyst Calls (June 5, 2007)

247wallst — Tue, 05 Jun 2007 06:37:56 +0000

AAP raised to Neutral at JPMorgan.
ALDN cut to Mkt Perform at FBR.
ALY started as Outperform at Wachovia.
BEBE cut to Mkt Perform at FBR.
BEN cut to Underweight at JPMorgan.
BHP raised to Buy at Citigroup.
CPO started as Buy at BB&T.
CRZO started as Buy at Sun Trust Robinson Humphrey.
FIF raised to Outperform at Piper Jaffray.
HAS cut to Underweight at JPMorgan.
JNPR cut to Neutral at UBS.
OCNF started as Buy at Cantor Fitzgerald.
OHI started as Neutral at UBS.
OPWV cut to Underweight at JPMorgan; cut to Underperform at CIBC.
ORBC started as Mkt Perform at Piper Jaffray.
REG started as Neutral at Baird.
SFLY started as Strong Buy at JMP Securities.
SWIR raised to Outperform at CIBC.
SLR raised to Neutral at Credit Suisse.
TELK cut to Mkt Perform at Wachovia.
TRMP cut to Underperform at Bear Stearns.
WRI started as Outperform at Baird.
XEC cut to Neutral at UBS.

Jon C. Ogg
June 5, 2007