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Thursday, May 24, 2012 - 9:44am
Benzinga's Top Downgrades With Color for May 24, 2012
Listed below are today's Top pre-market Downgrades at Benzinga: Brean Murray Carret Downgrades NetApp (NASDAQ: NTAP) to Hold: Brean Murray Carret notes, "We're moving to Hold from Buy for now as the July Q revenue softness we spoke of in our preview is substantially greater than we'd envisioned...
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Brean Murray Carret Maintains Hold on Hewlett-Packard Post Q1, Increased Guidance
Thursday, May 24, 2012 - 7:45amBrean Murray Carret remains Hold rated with no price target on Hewlett Packard (NYSE: HPQ). Brean Murray Carret comments, "HP's multiyear restructuring plan is expected to generate run rate cost savings of approximately $3bn to $3.5bn exiting fiscal year 2014 partially by cutting off 27,000...
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UPDATE: Brean Murray Carret Downgrades NetApp to Hold on Revenue Visibility Challenges
Thursday, May 24, 2012 - 7:44amBrean Murray Carret reduces its rating on NetApp (NASDAQ: NTAP) from Buy to Hold and removes its previous $50 price target. Brean Murray Carret notes, "We're moving to Hold from Buy for now as the July Q revenue softness we spoke of in our preview is substantially greater than we'd envisioned and...
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Benzinga's Top Upgrades with Color for May 23, 2012
Wednesday, May 23, 2012 - 10:08am
Listed below are today's top pre-market Upgrades at Benzinga: Canaccord Upgrades Total SA (NYSE: TOT) to Hold: Canaccord went on to say “The past two months have seen little sign of the typical defensiveness from the European integrated oils. We don't think this is too surprising, since 1) the...
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UPDATE: Brean Murray Carret Lowers PT to $16 on Dell; Sales Missteps, Soft PC Revenue
Wednesday, May 23, 2012 - 6:54amBrean Murray Carret reiterates its Buy rating on Dell (NASDAQ: DELL) and reduces its price target from $21 to $16. Brean Murray Carret comments, "Dell missed Street revenue and EPS although GM was intact at 22.0% (in‐line with our estimate) – revenue of $14.4B was 3% softer than Street of $14.9B...
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Brean Murray Carret Reiterates Buy, $61 PT on Tech Data Corp; Solid Revenue, Margins
Tuesday, May 22, 2012 - 6:59amBrean Murray Carret reiterates its Buy rating and $61 price target on Tech Data Corp (NASDAQ: TECD) following the latest quarterly results. Brean Murray Carret comments, "After adjustments, TECD delivered an in‐line revenue Q with strong EPS upside from strong margins. As a result, we're raising...
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Brean Murray Carret Reiterates Buy, $32 PT on Portfolio Breadth
Tuesday, May 22, 2012 - 6:59amBrean Murray Carret maintains its Buy rating and $32 price target on EMC Corporation (NYSE: EMC) following the announcement of the company's newest offerings. Brean Murray Carret says, "Yesterday, at EMC World, the company announced a number of new products and updates – another step in EMC's...
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Monday, May 21, 2012 - 10:59am
Benzinga's Top Upgrades with Color for May 21, 2012
Listed below are today's Top Upgrades at Benzinga: Guggenheim Upgrades Nabors Industries (NYSE: NBR) to Buy: Guggenheim commented in the report, "Our upgrade of Nabors Industries to Buy from Neutral (target $22) is first and foremost a valuation call, supported by a detailed sum of the parts NAV...
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UPDATE: Brean Murray Carret Cuts PT to $35 on Guess ahead of Q1
Monday, May 21, 2012 - 10:20amBrean Murray Carret lowers its price target on Guess (NYSE: GES) from $42 to $35 as it reiterates its Buy rating on shares. Brean Murray Carret comments, "We are reiterating our Buy rating, but slashing our FY13 EPS projection to $2.22 (from $2.61) and FY14 EPS estimate to $2.66 (from $3.08) and...
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UPDATE: Brean Murray Carret Upgrades Alpha Natural Resources to Buy on Upside to Risk/Reward
Monday, May 21, 2012 - 8:12amBrean Murray Carret raises its rating on Alpha Natural Resources (NYSE: ANR) from Hold to Buy with a $15 price target. Brean Murray Carret comments, "In our opinion, the fundamentals and outlook of the company and the met coal market did not materially change over recent weeks. What did change is...
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