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Wednesday, May 30, 2012 - 10:40am
Benzinga's Morning Downgrade Summary for May 30, 2012
Listed below are today's Top Downgrades at Benzinga: Deutsche Bank Downgrades Frontline (NYSE: FRO) to Sell: Deutsche Bank said, "Market concerns that FRO would be seriously weakened to the benefit of Frontline 2012 (FRTN.NWTC; NR, NOK24.00) after the December 2011 restructuring of FRO, appear to...
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UPDATE: Deutsche Bank Raises PT on Expedia to $43
Wednesday, May 30, 2012 - 9:20amAccording to a research report this morning, Deutsche raises its PT on Expedia (NASDAQ: EXPE) from $40 to $43 as the company releases its new tech platform. Deutsche Bank explained, “We see potential upside to ests in light of continued traction - evidenced in traffic growth - though FX headwinds...
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UPDATE: Deutsche Bank Downgrades Frontline; Lowers PT
Wednesday, May 30, 2012 - 9:11amAccording to a research report published this morning, Deutsche Bank has downgraded Frontline (NYSE: FRO) from Hold to Sell, and lowered PT from $6 to $2. In the report, Deutsche Bank said, "Market concerns that FRO would be seriously weakened to the benefit of Frontline 2012 (FRTN.NWTC; NR, NOK24...
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Tuesday, May 29, 2012 - 11:43am
Sanderson Farms Squawks Tasty Earnings
Poultry-processor Sanderson Farms (NASDAQ: SAFM) has given the meat-eating world something to chew on as the company's second quarter earnings were more than applaud-worthy. In not so great news for feathered friends, the chicken industry is on the up and up, quickly becoming the most significant...
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UPDATE: Deutsche Bank Downgrades NTT DoCoMo to Hold on No Discernible Upside Catalysts
Tuesday, May 29, 2012 - 11:37amDeutsche Bank lowers its rating on NTT DoCoMo (NYSE: DCM) from Buy to Hold and reduces its Yen-denominated price target on the stock by 13.9 percent. Deutsche Bank comments, "We lower our rating to Hold and set a TP of ¥143,000 because we do not see upside despite the shares' lower price. NTT...
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Tuesday, May 29, 2012 - 10:24am
Benzinga's Morning Upgrade Summary for May 29, 2012
Listed below are today's Top Upgrades at Benzinga: Wedbush Securities Upgrades Jack in the Box (NASDAQ: JACK) to Neutral: Wedbush said, "We are raising JACK to NEUTRAL from UNDERPERFORM. We believe JACK is positioned to benefit from a recent easing in industry-wide price-centric competition, as...
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UPDATE: Deutsche Bank Reiterates Hold, $14 PT on Amylin Pharmaceuticals on Uncertainty for Takeout Bid
Tuesday, May 29, 2012 - 9:42amDeutsche Bank maintains its Hold rating and $14 price target on Amylin Pharmaceuticals (NASDAQ: AMLN) as takeout offer from Bristol Myers Squibb develops. Deutsche Bank comments, "Based on weekly IMS TRx, we see following trends: 1) GLP-1 market continues to grow, 2) Bydureon taking share from...
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Deutsche Bank Reports EPS to be Higher Than Expected on Sanderson Farms
Tuesday, May 29, 2012 - 8:53amAccording to a research report this morning, Sanderson Farms (NASDAQ: SAFM) reports EPS of $1.04, $0.27 higher than estimates. Deutsche Bank explained, “Mgmt. cites caution over foodservice demand and near-term feed costs, but noted strong pricing environment into May and good retail/export...
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UPDATE: Deutsche Bank Lowers Skyworks Solutions' PT
Tuesday, May 29, 2012 - 8:49amAccording to a research report published this morning, Deutsche Bank has lowered Skyworks Solutions' (NASDAQ: SWKS) PT from $30 to $29. In the report, Deutsche Bank said, "We are lowering our June and September quarter estimates on Skyworks slightly. We think ongoing 28nm constraints for Qualcomm...
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UPDATE: Deutsche Bank Upgrades Foot Locker to Buy on Catalysts, Mitigated Concerns
Tuesday, May 29, 2012 - 8:19amDeutsche Bank raises its rating on Foot Locker (NYSE: FL) from Hold to Buy and increases its price target from $32 to $38. Deutsche Bank says, "All cylinders are firing for FL with a much better-than-expected start to FY12 on the top-line (+9.7% SSS) and margins (up 247 bps). Strength in the...
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