Top Analyst Upgrades & Downgrades (AET, A, DECK, GPN, TV, HMIN, ITC, IVN, ERIC, MMC, MCD, PAL, RGLD, TEVA, TLAB, TCBI)

Administrator — Mon, 24 Oct 2011 12:25:13 +0000

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

Aetna Inc. (NYSE: AET) added to Strong Buy List at Zacks.
Agilent Technologies Inc. (NYSE: A) Started as Buy at UBS.
Deckers Outdoor Corporation (NASDAQ: DECK) Started as Buy at Canaccord Genuity.
Global Payments Inc. (NYSE: GPN) named as Value Stock of the Day at Zacks.
Grupo Televisa S.A. (NYSE: TV) named as Bear of the Day at Zacks.
Home Inns & Hotels Management Inc. (NASDAQ: HMIN) Started as Buy at Goldman Sachs.
ITC Holdings Corp. (NYSE: ITC) Cut to Hold at Argus.
Ivanhoe Mines Ltd. (NYSE: IVN) Started as Outperform at Credit Suisse.
LM Ericsson Telephone Co. (NASDAQ: ERIC) maintained Neutral but cut target and estimates by Goldman Sachs.
Marsh & McLennan Companies, Inc. (NYSE: MMC) Raised to Overweight at Barclays.
McDonald’s Corporation (NYSE: MCD) Maintained Outperform on Focus List and target raised to $104 at Credit Suisse.
North American Palladium Ltd. (NYSE: PAL) Started as Outperform at Credit Suisse.
Royal Gold, Inc. (NASDAQ: RGLD) Raised to Outperform at National Bank.
Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) Cut to Neutral at Piper Jaffray.
Tellabs Inc. (NASDAQ: TLAB) Cut to Underperform at Zacks.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) named Bull of the Day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: A, AET, DECK, ERIC, GPN, HMIN, ITC, IVN, MCD, MMC, PAL, RGLD, TCBI, TEVA, TLAB, TV

Status on Companies Raising Cash (ORA, TCBI, VRTX, OTTR)

247wallst — Thu, 18 Sep 2008 08:18:43 +0000

We have seen three issues so far since yesterday’s close to sell shares of stock and one offering still pending on the calendar for the week. We have seen filings out of Ormat Technologies Inc. (NYSE: ORA), Texas Capital Bancshares, Inc. (NASDAQ: TCBI), and Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX). We are also still waiting for pricing from Otter Tail Corp. (NASDAQ: OTTR) on its secondary offering.

Ormat Technologies Inc. (NYSE: ORA) filed last night for a universalshelf registration of up to $1.5 Billion in mixed securities. Itscurrent market cap is $1.69 Billion and as of June 30 it had $709.79million in total liabilities. There are no indications pre-market onthis stock.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has filed for existingshareholders to sell up to 4,000,000 shares of common stock. Allshares will be sold by selling shareholders and the company willreceive none of the proceeds from the sale of stock. It will have over30.8 million shares outstanding after this offering. Shares closed at$18.89 yesterday and have not traded this morning before the open. Wewould note that the reason this isn’t an impact is because earlier thismonth the company sold these shares to T. Rowe Price (NASDAQ: TROW)funds and these are those shares.

Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) announced last nightthat it was going to sell 7 million shares of common stock subject tomarket conditions via Goldman Sachs. It priced its offering with moreshare at 7.5 million shares for a price of $25.50. Shares are tradingdown 4%at $25.50 and the 52-week trading range is $13.84 to $40.10.

Otter Tail (NASDAQ: OTTR) has already filed to sell 5 million shares ofcommon stock and we were expecting that to come this week. As of thismorning we have not seen a pricing nor any color on how the currentmarket meltdown will play into this.

Jon C. Ogg
September 18, 2008

24/7 Wall St. » TCBI

Top Analyst Upgrades & Downgrades (AET, A, DECK, GPN, TV, HMIN, ITC, IVN, ERIC, MMC, MCD, PAL, RGLD, TEVA, TLAB, TCBI)

Status on Companies Raising Cash (ORA, TCBI, VRTX, OTTR)