Energy

Goldman Sachs Research Summary (JAN 25, 2007) (part 1)

Earnings estimates raised on AngloGold (AU), Newmont Mining (NEM), Paraxel (PRXL), Affiliated Managers (AMG), Unisys (UIS), Air Products (APD), Praxair (PX), Ethan Allen (ETH), ConocoPhillips (COP), Tidewater (TDW), AllianceBernstein (AB), Radian (RDN), Cubist Pharma (CBST), Symantec (SYMC), Convergsys (CVG), Corning (GLW), Parametric Tech (PMTC). 

Estimates cut on Barrick Gold (ABX), Steel Dynamics (STLD), Smurfit-Stone (SSCC), Hershey (HSY), Americredit (ACF), Abbott Labs (ABT), Covance (CVD), Textron (TXT), Intersil (ISIL), SAP (SAP), Komag (KOMG), LSI Logic (LSI), Gold Fields (GFI), R.H. Donnelley (RHD), OptionsXpress (OXPS), PSS World (PSSI), General Dynamics (GD).

(EBAY) eBay reiterated Buy/Attractive and expects 20%+ appreciation.
(PFGC) Performance Food stillnoted as one of best ideas in 2007.
(AMG) Affiliated Managers reiterated Buy.
(UIS) Unisys raised estimates after earnings but maintained recent Sell downgrade.
(OXPS) OptionsXpress reiterated Buy/Neutral after it completes an acquisition which will add $0.05 to earnings.
(APD) Air Products reiterated Buy after beating estimates.
(STLD) Steel Dynamics target raised from $44 to $47 based on stronger outlook.
(MCD) McDonalds maintained buy on earnings and reaffirming a return of 45 Billion to shareholders. 

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