Posts for Ticker ‘VRSK’

Verisk Analysts, Lackluster Initiations (VRSK)

Verisk Analytics, Inc. (NASDAQ: VRSK) is seeing some very cautious or at least unexciting analyst initiations now that its quiet period has ended.  This post-IPO has at least held its value, which is more than many other post-IPOs can claim.  The risk management suite of actuarial data came public in early-October in a $1.9 billion IPO after it sold 85.25 million shares at $22.00 per share.

It turns out that many felt it was a fully priced deal.  Yet the stock popped above the pricing and has never gone back close to it.  Since the deal opened, it has traded in a trading range of $26.10 to $30.00.  The problem is that today’s slate of analyst initiations has failed to give investors any solid endorsement nor any solid hope of a real growth of shares.
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Top 10 Analyst Upgrades, Downgrades, Initiations (CADX, COH, DELL, HTE, JWN, RIMM, S, STP, URI, VRSK)

These are the top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls early this Monday:

Cadence Pharmaceuticals (NASDAQ: CADX) Cut to Perform at Oppenheimer.
Coach Inc. (NYSE: COH) Raised to Buy at Goldman Sachs.
Dell Inc. (NASDAQ: DELL) Started as Buy with $19 target at Goldman Sachs.
Harvest Energy (NYSE: HTE) Cut to Neutral at UBS.
Nordstrom (NYSE: JWN) Raised to Buy at Goldman Sachs.
Research In Motion (NASDAQ: RIMM) Started as Hold, $66 target, at Auriga.
Sprint Nextel (NYSE: S) Raised to Outperform at Credit Suisse.
Suntech Power Holdings Co. Ltd. (NYSE: STP) Raised to Neutral (from Underweight) at HSBC.
United Rentals (NYSE: URI) Raised to Outperform at Oppenheimer.
Verisk Analytics (NASDAQ: VRSK) Started as In-Line at Fox-Pitt; Started as Market Perform at KBW.

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JON C. OGG

Disappointing IPO Pricings (MG, OMER, BSBR, VRSK)

Bull and Bear ImageInitial public offerings are supposed to do well in up-markets.  This morning we have two IPOs and both seem weak compared to some of the strength we have seen elsewhere.  Mistras Group (NYSE: MG) and Omeros Corporation (NASDAQ: OMER) are not getting any solid receptions ahead of trading.  Yesterday’s IPO from Banco Santander Brasil (NYSE: BSBR) was also a disappointment.  The only exception has been the Verisk Analytics, Inc. (NASDAQ: VRSK) IPO, which closed out with a premium open of more than 20% yesterday.  Details on each deal are below.
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