24/7 Wall St. » TEN

Small Caps With 50% Upside in 2012 (TEN, WNR, APO, SNV, MTZ)

Administrator — Tue, 27 Dec 2011 11:45:44 +0000

2011 is all but gone and research firms are handing out their top picks for 2012. We have been reviewing some of the “Small Cap Stocking Stuffers” from the top small cap ideas for 2012 generated by Credit Suisse and it turns out that some of the stock picks are expected to have upside of 50% or more in the year ahead. The $1.0 to $2.5 billion in market capitalization is called the Small Cap Sweet Spot by Credit Suisse, and the firm’s Favorite Ideas list in this value range features the following: Tenneco Inc. (NYSE: TEN), Western Refining Inc. (NYSE: WNR), Apollo Global Management, LLC (NYSE: APO), Synovus Financial Corporation (NYSE: SNV), and MasTec Inc. (NYSE: MTZ).

Other new additions to this were made but the rest did not have an implied 50% upside. We have offered details on each.

Tenneco Inc. (NYSE: TEN) is in the auto components sector and sports a $1.8 billion market capitalization rate. The stock trades at $29.97 and the firm’s price target is $53.00 as a growth pick, well above the Thomson Reuters consensus price target of $45.10. This gives implied upside of over 70%, but keep in mind that the firm added it to the Top Picks list in June when shares were around $37.50.

Western Refining Inc. (NYSE: WNR) is in the Oil and Gas Refining sector and at $13.29, it has a price target of $20.50 at Credit Suisse and a consensus price target from Thomson Reuters of $18.75. This pick was newly added in December to its best ideas list with an “Outperform” rating and was listed as a value pick.

Apollo Global Management, LLC (NYSE: APO) may seem like a surprise since it is in private equity. Credit Suisse’s $1.5 billion pick in market capitalization currently has a unit price of $12.30 and a market cap of about $1.5 billion. The firm expects that its shares will trade up to $21.00 versus a Thomson Reuters consensus target of $17.77. This pick was added in December with an “Outperform” rating as a value pick and leaves an implied 70% upside if the firm’s projections were correct.

Synovus Financial Corporation (NYSE: SNV) wa surprising to see on the list since very few investors are willing to enter the troubled sector. The market value for this regional banking outfit is currently $1.15 billion based upon a $1.46 share price. This was added as an “Outperform” rating as a value pick in December when shares were about $1.35, but the price target objective from Credit Suisse is $2.25. That leaves 52% upside remaining and the Thomson Reuters price target is also at $2.10.

MasTec Inc. (NYSE: MTZ) is valued at $1.48 billion in the Construction & Engineering sector. The current price of $17.48 leaves “only” 37% implied upside to Credit Suisse’s $24.00 price target. The reason for this inclusion is that the most recent price on the updated list was at $15.11 and that was above the 50% threshold even if this is under the price when added to the best ideas list in September as a growth pick.

JON C. OGG

Filed under: Analyst Calls, Value Investing Tagged: APO, MTZ, SNV, TEN, WNR

Top Analyst Upgrades/Downgrades (AWK, BP, BCS, BPX, BWA, COST, HAR, HPQ, INTC, LEA, PCLN, TEN, TWX, WIT)

Administrator — Wed, 08 Sep 2010 12:20:35 +0000

These are some of the top research calls for analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday:

American Water Works (NYSE: AWK) Cut to Neutral at HSBC.
BP plc (NYSE: BP) Raised to “A” at Ftich on debt ratng.
Barclays plc (NYSE: BCS) Cut to Market Perform at Bernstein.
Boston Properties (NYSE: BPX) Cut to Hold at Stifel Nicolaus.
BorgWarner (NYSE: BWA) Cut to Neutral at JPMorgan.
Costco Wholesale (NASDAQ: COST) Raised to Buy at Goldman Sachs.
Harman International (NYSE: HAR) Cut to Neutral at JPMorgan.
Hewlett-Packard Co. (NYSE: HPQ) Cut to Neutral at UBS.
Intel Corporation (NASDAQ: INTC) Cut to Neutral at UBS.
Lear Corp. (NYSE: LEA) Cut to Neutral at JPMorgan.
Priceline.com (NASDAQ: PCLN) Started as Market Perform at Morgan Keegan (late Tuesday).
Tenneco (NYSE: TEN) Cut to Neutral at JPMorgan.
Time Warner Inc. (NYSE: TWX) Cut to Hold at Benchmark Capital.
Wipro (NYSE: WIT) Started as Negative at Susquehanna.

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JON C. OGG

Filed under: Analyst Calls Tagged: AWK, BCS, BP, BPX, BWA, COST, HAR, HPQ, INTC, LEA, PCLN, TEN, TWX, WIT

Top Analyst Upgrades and Downgrades (AOL, DT, DOW, ECA, FNSR, PM, SWIR, TEN, MMM, WY, ZBRA)

247wallst — Wed, 06 Jan 2010 13:04:37 +0000

These are this Wednesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

AOL Inc. (NYSE: AOL) Started as Neutral at JPMorgan.
Deutsche Telekom (NYSE: DT) Started as Underweight at Morgan Stanley; Cut to Sell at UBS.
Dow Chemical (NYSE: DOW) Raised to Overweight at Barclays.
EnCana (NYSE: ECA) Cut to Market Perform at Raymond James.
Finisar Corp. (NASDAQ: FNSR) Raised to Overweight at Thomas Weisel.
Philip Morris International, Inc. (NYSE: PM) Cut to Reduce at Nomura.
Sierra Wireless (NASDAQ: SWIR) Raised to Outperform at Raymond James.
Tenneco Inc. (NYSE: TEN) Raised to Outperform at Wells Fargo.
3M Co. (NYSE: MMM) Raised to Conviction Buy List at Goldman Sachs.
Weyerhaeuser Co. (NYSE: WY) Cut to Neutral at Goldman Sachs.
Zebra Technologies (NASDAQ: ZBRA) Cut to Neutral at Baird.

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JON C. OGG

Posted in Analyst Calls Tagged: AOL, DOW, DT, ECA, FNSR, MMM, PM, SWIR, TEN, WY, ZBRA

Top Analyst Calls (BT, CSCO, EMC, HAS, ITW, MAT, NTAP, OMC, TEN, VECO)

247wallst — Tue, 16 Jun 2009 11:25:39 +0000

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street with more than two hours until the market opens:

BT Group (BT) Raised to Overweight at Morgan Stanley.
Cisco Systems (CSCO) Started at Canaccord.
EMC Corp. (EMC) Started at Canaccord.
Hasbro (HAS) Started as Buy at KeyBanc.
Illinois Tool Works (ITW) Raised to Outperform at William Blair.
Mattel (MAT) Started as Buy at KeyBanc.
NetApp (NTAP) Started as Buy at Canaccord.
Omnicom (OMC) Raised to Outperform at Oppenheimer.
Tenneco (TEN) Raised to Overweight at JPMorgan.
Veeco Instruments (VECO) Started as Buy at Merriman Curhan Ford.

JON C. OGG

Posted in Analyst Calls Tagged: BT, CSCO, EMC, HAS, ITW, MAT, NTAP, OMC, TEN, VECO

Early Bird Analyst Upgrades & Downgrades (A, GNTX, PFE, AA, AGN, HOG, PBH, SSS, STM, TEN)

247wallst — Mon, 12 Jan 2009 07:31:25 +0000

These are some of the top early bird upgrades and downgrades we have seen from Wall Street analysts this Monday morning:

Agilent (NYSE: A) Raised to Outperform at Baird.
Gentex (NASDAQ: GNTX) Raised to Outperform at Baird.
Pfizer (NYSE: PFE) Raised to Neutral at Goldman Sachs.
Alcoa (NYSE: AA) Cut to Sell at Deutsche Bank.
Allergan (NYSE: AGN) Cut to Hold at Lazard.
Harley-Davidson (NYSE: HOG) Cut to Sell at Goldman Sachs.
Prestige Brands (NYSE: PBH) Cut to Underweight at JPMorgan.
Sovran Self Storage (NYSE: SSS) Cut to Underperform at Oppenheimer.
STMicroelectronics (NYSE: STM) Cut to Sell at UBS.
Tenneco (NYSE: TEN) Cut to Market Perform at Wachovia.

Jon C. Ogg
January 12, 2009

Posted in Analyst Calls Tagged: A, AA, AGN, GNTX, HOG, PBH, PFE, SSS, STM, TEN

Top 10 Pre-Market Analyst Calls (CPST, CHKP, RIO, COCO, ETR, GM, IDTI, MGM, PCG, TEN)

247wallst — Thu, 26 Jun 2008 06:57:27 +0000

These are ten of the individual analyst calls we are looking at from Wall Street this Thursday morning:

Capstone Turbine Corp. (NASDAQ: CPST) started as Buy at Broadpoint Capital.
Check Point Software (NASDAQ: CHKP) raised to Overweight at Lehman Brothers.
Comp Vale Do Rio (NYSE: RIO) started as Overweight at Lehman Brothers.
Corinthian Colleges (NASDAQ: COCO) Raised to Overweight from Equalweight at Lehman Brothers.
Entergy (NYSE: ETR) Cut to Neutral from Buy at Banc Of America.
General Motors (NYSE: GM) downgraded to Sell from Neutral at Goldman Sachs.
Integrated Device Tech (NASDAQ: IDTI) Raised to Neutral from Underperform at Merrill Lynch.
MGM Mirage (NYSE: MGM) Cut to Neutral from Overweight at JPMorgan.
PG&E (NYSE: PCG) Cut to Hold from Buy at Jefferies.
Tenneco (NYSE: TEN) and Lear Corp. (NYSE: LEA) were both downgraded at Goldman Sachs.

Jon C. Ogg
June 26, 2008

Top 10 Pre-Market Analyst Calls (MT, T, CRA, ELC, WFR, MSFT, OVTI, RDS, TEN, TXT)

247wallst — Fri, 25 Jan 2008 07:27:42 +0000

These are not the only upgrades and downgrades on stocks this morning, but these are the main ones that 247WallSt.com is focusing on in early pre-market hours:

Arcelor Mittal (NYSE: MT) raised to Buy from Hold at Deutsche Bank; also raised to Buy from Hold at Citigroup.
AT&T (NYSE: T) downgraded to Buy from Hold at Citigroup.
Celera (NYSE: CRA) downgraded to Neutral at Piper Jaffray.
Emulex (NYSE: ELX) raised to Outperform at FBR.
MEMC (NYSE: WFR) raised to Buy from Neutral at Piper Jaffray.
Microsoft (NASDAQ: MSFT) estimates raised and target raised to $42 at Goldman Sachs.
OmniVision Tech (NASDAQ: OVTI) raised to Outperform from Neutral at Baird.
Royal Dutch Shell (NYSE: RDS-A) downgraded to Underweight from Neutral at JPMorgan.
Tenneco Inc. (NYSE: TEN) raised to Outperform at Bear Stearns.
Textron (NYSE: TXT) raised to Buy from Hold at Citigroup.

Jon C. Ogg
January 25, 2008

Pre-Market Analyst Calls (October 1, 2007)

247wallst — Mon, 01 Oct 2007 06:46:45 +0000

AMR cut to Hold at Citigroup.
ALVR raised to positive at Susquehanna.
CHTR started as Overweight at JPMorgan.
CME raised to Outperform at Wachovia.
COMS cut to Neutral at UBS.
COP cut to Sell at Deutsche Bank.
CTXS cut to Neutral at B of A.
HAR reinstated as Overweight at Lehman.
IDTI cut to Equal Weight at Lehman.
ISIL raised to Equal Weight at Lehman.
KRC raised to Buy at Citigroup.
LKQX started as Hold at Deutsche Bank.
LUV cut to Hold at Citigroup.
MRVL cut to Equal Weight at Lehman.
NCC cut to Underperform at Bear Stearns.
NETL cut to Equal Weight at Lehman.
PCL cut to Neutral at Merrill Lynch.
PRX cut to Underperform at FBR.
RIMM cut to Outperform at RBC.
RYN cut to Sell at Merrill Lynch.
SVU started as Sell at B of A.
SXCI raised to Buy at UBS.
TEN started as Underperform at Bear Stearns.
VSTA cut to Sell at Deutsche Bank.

Jon C. Ogg
October 1, 2007

Pre-Market Earnings Gappers (July 26, 2007)

247wallst — Thu, 26 Jul 2007 07:58:07 +0000

(AAPL) Apple traded down initially, but shares are up 7% pre-market after earnings and maintaining 2008 iPhone sales.
(AKAM) Akamai Tech $0.30 EPS vs $0.30 estimate; shares down over 10% pre-market on guidance being in-line and after broker downgrades.
(AN) Auto Nation $0.38 EPS vs $0.42 estimate.
(APA) Apache $1.89 EPS before items vs $1.90.
(ARTG) Art Tech $0.00 EPS vs $0.01 estimate.
(BC) Brunswick $0.65 EPS vs $0.64 estimate.
(BDK) Black & Decker $1.75 EPS versus $1.73 estimate.
(BIDU) Baidu.com posted over 100% growth in earnings and revenues; $0.54 EPS equivalent versus $0.43 estimate; trading up 17% pre-market.
(BZH) Beazer Homes -$0.06 EPS versus -$0.46 estimate, although estimates are all over the place.
(CMCSA) Comcast $0.19 EPS & $7.71 Billion revenues versus $0.19/$7.71B estimates; shares trading down 3% pre-market.
(CMI) Cummins $2.13 EPS versus $1.58 estimate.
(CNX) Consolidated Energy $0.83 EPS vs $0.60 estimate; unsure if comparable.
(COL) Rockwell Collins $0.86 EPS vs $0.83 estimate.
(F) Ford $0.13 EPS versus -$0.36 estimate; unsure if comparable; shares trading up 2% pre-market.
(GT) Goodyear Tire $0.35 EPS vs $0.37 estimate.
(ICE) IntercontinentalExchange $0.85 EPS versus $0.76 estimate.
(IKN) IKON Office $0.23 EPS vs. $0.23 estimate; sees next quarter $0.22 EPS vs $0.23 estimate.
(KEI) Keithly -$0.03 EPS vs -$0.01 estimate.
(KLIC) Kulicke & Soffa $0.08 EPS versus $0.08 estimate; shares down 1% pre-market.
(LLL) L-3 Communications $1.49 EPS versus $1.43 estimates.
(MMM) 3M $1.25 EPS vs $1.18 estimate.
(ODFL) Old Dominion Freight Line $0.57 EPS versus $0.55 estimate.
(PCCC) PC Connection $0.21 EPS versus $0.19 estimate.
(PMTI) Palomar Meed $0.43 EPS vs $0.29 estimates.
(QCOM) Qualcomm $0.55 EPS vs $0.51 estimate; fiscal guidance raised to $1.95 to $1.97 versus prior $1.84 to $1.88 range; shares up 1.5% pre-market.
(QLTI) QLT Inc. $0.08 EPS vs $0.07 estimate.
(RAIL) Freightcar America $0.93 EPS vs $0.92 estimate.
(RCL) Royal Caribbean $0.60 EPS vs $0.60 estimate.
(RTN) Raytheon $0.79 EPS versus $0.68 estimate; unsure if comparable.
(TEN) Tenneco $0.87 EPS vs $0.77 estimate.
(UST) UST Inc. $0.90 EPS vs $0.85 estimate.
(UTEK) Ultratech $0.04 EPS vs -$0.04 estimate.
(WEN) Wendy’s $0.33 EPS vs $0.33 estimate.
(XOM) Exxon Mobil $1.83 EPS vs $1.96 estimate; trading down 2% pre-market.
(XMSR) XM Satellite Radio -$0.45 EPS and $277M revenues versus estimates of -$0.44/$274.75M; added about 338,000 net subscribers; shares down 1.75%.

Jon C. Ogg
July 26, 2007