February 27, 2006
European Markets:
European Markets are stable this morning;
Sector News:
~Smith Barney downgraded the equipment manufacturers on the Semiconductors including AMAT, AEIS, MTSN, and ASYT.
~Prudential says retail sales will be Neutral at best.
~KSE - taken over in the Natural Gas sector which could help that sector today;
Oil: HAL - awarded a $2.4B no bid contract from the government;
Breaking News:
~CSCO - completes acquisition of Scientific Atlantic;
~GE and a Macquarie investment fund are vying to buy a big stake in TXU's electricity-delivery business, in a deal that could be valued at more than $5 billion.
~DTV - will be buying 100M shares @ 15.50 from the GM retirement account;
Upgrades:
- NBP Northern Border Harris Nesbitt Underperform » Neutral
- EQT Equitable Res Citigroup Hold » Buy
- WTHN WiderThan Lehman Brothers Equal-weight » Overweight
- ANF Abercrombie Goldman Sachs In-Line » Outperform
- SAP SAP AG HSBC Securities Underweight » Neutral
- OSI Outback Steakhouse Morgan Stanley Equal-weight » Overweight
- CEPH Cephalon BWS Financial Buy » Strong Buy
- FLSH M-Systems Citigroup Hold » Buy
- SNDK SanDisk Citigroup Hold » Buy, NOTE: SNDK breaks out at 59.35.
- CRE CarrAmerica JP Morgan Underweight » Neutral
- CLX Clorox Prudential Underweight » Neutral
- ADSK Autodesk Deutsche Securities Hold » Buy
- SM St. Mary Lnd/Expl First Albany Neutral » Buy
- CVG Convergys UBS Neutral » Buy
- GLG Glamis Gold CIBC Wrld Mkts Sector Perform » Sector Outperform $41 » $46
- LOW Upgraded today and has a gap at 69.15
- SNRR Sunterra Matrix Research Buy
- SEED Origin Agritech Maxim Group Buy $24
- NWRE Neoware Systems Needham & Co Buy $30
- ADCT ADC Telecom(b;) Miller Johnson Buy $30
- MRVL Marvell BWS Financial Buy $57 » $74
- SPN Sup Energy Svcs Hibernia Southcoast Capital Buy $31 » $36
- AMT American Tower CIBC Wrld Mkts Sector Outperform $35 » $37
- DECK Deckers Outdoor Lazard Captial Buy $37 » $45
- PWAV Powerwave Oppenheimer Buy $16 » $17
- AMT American Tower Soleil Buy $29 » $37
- CCI Crown Castle Soleil Buy $28 » $36
- PLT Plantronics Kaufman Bros Buy $38 » $40
- AMLN Amylin Pharms Piper Jaffray Outperform $50 » $52
- IMA Inverness Medical Jefferies & Co Buy $36 » $38
- IART Integra KeyBanc Capital Mkts / McDonald Buy $43 » $45
- NX Quanex KeyBanc Capital Mkts / McDonald Buy $65 » $75
- WYNN Wynn Resorts Jefferies & Co Buy $64.50 » $75
- INSU Insituform Tech Stifel Nicolaus Buy $27 » $30
- WGRD Watchguard McAdams,Wright,Ragen Buy
- FPO First Potomac Realty Ryan, Beck & Co Outperform $31.50 » $32
- LFG Target raised to 68 by KBWI and reiterated market perform
- ET Estimates raised by KBWI
- ESV Price target raised to 54 by DBAB
Downgrades:
- RIC Richmont Mines Inc. BMO Nesbitt Burns Outperform » Market Perform
- EQY Equity One BB&T Capital Mkts Buy » Hold
- OTIV On Track Innovations Oppenheimer Buy » Neutral
- MEL Mellon Financial Sandler O'Neill Hold » Sell
- ROP Roper Inds Friedman Billings Outperform » Mkt Perform
- SLXP Salix Pharm William Blair Outperform » Mkt Perform
- DCN Dana Corp KeyBanc Capital Mkts / McDonald Buy » Hold
- GLG Glamis Gold UBS Buy » Neutral
- NFB North Fork Banc Ryan, Beck & Co Outperform » Mkt Perform
- AEIS Advanced Energy Citigroup Buy » Hold
- MTSN Mattson Citigroup Hold » Sell
- LRCX Lam Research Citigroup Hold » Sell
- SRE Sempra Energy Citigroup Buy » Hold
- RJF Raymond James Keefe Bruyette Mkt Perform » Underperform
- RRI Reliant Energy Banc of America Sec Buy » Neutral
- BDN Brandywine Realty JP Morgan Overweight » Neutral
- WRI Weingarten Realty JP Morgan Neutral » Underweight
- ALSK Alaska Comms Banc of America Sec Buy » Neutral
- POT Potash UBS Buy » Neutral
- HOKU HOKU Scientific Thomas Weisel Outperform » Peer Perform
- CBH Commerce Bancorp Ryan, Beck & Co Outperform » Mkt Perform $36