24/7 Wall St. » SVR

The 52-Week Low Club (VCI)(SVR)(MDR)(ANN)(CRL)(GT)(NOBL)(THQI)

247wallst — Thu, 06 Nov 2008 15:49:15 +0000

Valassis Communications (VCI) Q3 loss and outlook cut. Plunges to $1.78 from 52-week high of $16.80.

Syniverse (SVR) Baird downgrades shares. Falls to $9.79 from 52-week high of $22.93.

McDermott International (MDR) Lower profit. Downgrades from Jefferies and Credit Suisse. Daily double. Off to $10.26 from 52-week high of $67.14.

Ann Taylor Stores (ANN) Grim outlook on sales. Sells down to $8.74 from 52-week high of $33.28.

Charles River Labs (CRL) Sharp cut in profit outlook. Hammered to $25.65 from 52-week high of $69.19.

Goodyear Tire & Rubber (GT) No major news. Sells off to $7.19 from 52-week high of $30.10.

Noble (NOBL) Bad quarter and Janney Mntgmy Scott downgrade. Falls to $.72 from 52-week high of $19.02.

THQ Inc (THQI) Bad numbers and downgrades by Wedbush Morgan, Kaufman, Citi, and Janco Partners. Plummets to $4.37 from 52-week high of $29.94.

Douglas A. McIntyre

Posted in HI/LOW Tagged: ANN, CRL, GT, MDR, NOBL, SVR, THQI, VCI

Top Pre-Market Analyst Downgrades (AMZN, DOX, BRY, CNQ, CEO, CFX, DVN, EOG, GGP, MDR, NWS, PCP, SPWRA, SVR)

247wallst — Thu, 06 Nov 2008 07:58:16 +0000

These are some of the many analyst downgrades we have seen on Wall Street this Thursday morning:

Amazon.com (AMZN) Cut to Hold at Citigroup.
Amdocs (DOX) Cut to Neutral at Baird.
Berry Petroleum (BRY) Cut to Sell at Goldman Sachs.
Canadian Natural Resources (CNQ) Cut to Sell at Goldman Sachs.
CNOOC (CEO) Cut to Neutral at Credit Suisse.
Colfax (CFX) Cut to Neutral at Baird.
Devon Energy (DVN) Cut to Market Perform at FBR; Cut to Neutral at Goldman Sachs.
EOG Resources (EOG) Cut to Neutral at Goldman Sachs.
General Growth Properties (GGP) Cut to Neutral at UBS.
McDermott (MDR) Cut to Hold at Jefferies; Cut to Neutral at Credit Suisse.
News Corp. (NWS) Cut to Neutral at JPMorgan.
Precision Castparts (PCP) Cut to Neutral at UBS.
SunPower (SPWRA) Cut to Neutral at Merriman Curhan Ford.
Syniverse (SVR) Cut to Neutral at Baird.

Jon C. Ogg
November 6, 2008

Posted in Analyst Calls Tagged: AMZN, BRY, CEO, CFX, CNQ, DOX, DVN, EOG, GGP, MDR, NWS, PCP, SPWRA, SVR

Goldman Sachs Changes on Conviction Buy List in Tech (DOX, ADP, SNCR, SVR)

247wallst — Wed, 23 Jan 2008 09:01:16 +0000

This morning Goldman Sachs has announced some changes to its CONVICTION BUY LIST:

Amdocs (NYSE: DOX) is being added to the Americas Conviction Buy list with a 49% return potential to its target after its earnings report. Recent order flows should give the company a healthy 2008 with accelerating revenue growth and limited macroeconomic headwinds.
Automatic Data Processing (NYSE: ADP) is being kept officially as a Buy rating at Goldman, but it is being pulled off of the Conviction Buy List as part of a "moving away from macro-sensitive trends." ADP is down 15.5% since being added, slightly worse than the S&P at -14.3%, and it has underperformed the S&P over a 6-month and 12-month period.

In the larger Amdocs call away from macro-sensitivity, Goldman Sachs said it is also noting Synchronoss Technologies (NASDAQ: SNCR) as one of its best buy ideas (has a Buy rating). Goldman is also becoming increasingly optimistic on Syniverse (NYSE: SVR) (although it has a neutral rating today).

Jon C. Ogg
January 23, 2008