Federal Signal Co. (NYSE: FSS), Lexmark International, Inc. (NYSE: LXK), Roper Industries Inc (NYSE: ROP), Standard Motor Produ (NYSE: SMP) and Safeway Inc. (NYSE: SWY) get analyst downgrades.
BMO Capital Markets downgraded Federal Signal Co. (FSS) from an “Outperform” rating to a “Market Perform” rating. They place a price target of $7 on the company. The downgraded catalyst was based on valuation.
Citigroup (NYSE:C) downgraded Lexmark International, Inc. (LXK) from a “Buy” rating to a “Hold” rating. They set a price target of $36 on the firm, down from $55.
Oppenheimer downgraded Roper Industries Inc (ROP) from an “Outperform” rating to a “Perform” rating.
BB&T (NYSE:BBT) downgraded Standard Motor Produ (SMP) from a “Buy” rating to a “Hold” rating.
Jefferies (NYSE:JEF) downgraded Safeway Inc. (SWY) from a “Buy” rating to a “Hold” rating. They set a price target of $25.00 on the company, down from $26.
Showing posts with label BMO Capital. Show all posts
Showing posts with label BMO Capital. Show all posts
Wednesday, April 27, 2011
Excel (EXM) (GRM) (IVN) (NWBI) SHBI) Get Ratings Downgrades
Excel Maritime Carriers Ltd (NYSE: EXM), Graham Packaging Company Inc (NYSE: GRM), Ivanhoe Mines Ltd (NYSE: IVN), Northwest Bancshares, Inc. (NASDAQ: NWBI) and Shore Bancshares, Inc. (NASDAQ: SHBI) downgraded by analysts.
Jefferies (NYSE:JEF) downgraded Excel Maritime Carriers Ltd (EXM) from a “Hold” rating to an “Underperform” rating.
Goldman Sachs (NYSE:GS) downgraded Graham Packaging Company Inc (GRM) from a “Buy” rating to a “Neutral” rating. They set a price target of $24.00 on the stock.
BMO Capital Markets downgraded Ivanhoe Mines Ltd (IVN) from an “Outperform” rating to a “Market Perform” rating.
FBR Capital downgraded Northwest Bancshares, Inc. (NWBI) from an “Outperform” rating to a “Market Perform” rating. They placed a price target of $13 on the firm.
Sandler O’Neill downgraded Shore Bancshares, Inc. (SHBI) from a “Buy” rating to a “Hold” rating.
Jefferies (NYSE:JEF) downgraded Excel Maritime Carriers Ltd (EXM) from a “Hold” rating to an “Underperform” rating.
Goldman Sachs (NYSE:GS) downgraded Graham Packaging Company Inc (GRM) from a “Buy” rating to a “Neutral” rating. They set a price target of $24.00 on the stock.
BMO Capital Markets downgraded Ivanhoe Mines Ltd (IVN) from an “Outperform” rating to a “Market Perform” rating.
FBR Capital downgraded Northwest Bancshares, Inc. (NWBI) from an “Outperform” rating to a “Market Perform” rating. They placed a price target of $13 on the firm.
Sandler O’Neill downgraded Shore Bancshares, Inc. (SHBI) from a “Buy” rating to a “Hold” rating.
Encore (ENP) (FSS) (MAS) (YOKU) (BRCM) Get Ratings Downgrades
Encore Energy (ENP), Federal Signal (FSS), Masco (MAS), Youku.com (YOKU) and Broadcom (BRCM) all downgraded by analysts on April 27.
Encore Energy (ENP) was cut from from "Outperform" to "Neutral" by Robert W. Baird. They placed a price target of $25 a share on Encore.
Federal Signal (FSS) was downgraded from "Outperform" to "Market Perform" by BMO Capital.
Masco (MAS) was downgraded from "Sector Perform" to "Underperform" by RBC Capital.
Youku.com (YOKU) was downgraded by Goldman Sachs (NYSE:GS) from "Buy" to "Neutral."
Broadcom (BRCM) was removed from Goldman's list of "Conviction Buys."
Encore Energy (ENP) was cut from from "Outperform" to "Neutral" by Robert W. Baird. They placed a price target of $25 a share on Encore.
Federal Signal (FSS) was downgraded from "Outperform" to "Market Perform" by BMO Capital.
Masco (MAS) was downgraded from "Sector Perform" to "Underperform" by RBC Capital.
Youku.com (YOKU) was downgraded by Goldman Sachs (NYSE:GS) from "Buy" to "Neutral."
Broadcom (BRCM) was removed from Goldman's list of "Conviction Buys."
Perry Ellis (PERY) (REGN) (MSTR) (QLIK) Get Ratings Initiations
Regeneron Pharmceuticals (NASDAQ:REGN), MicroStrategy (NASDAQ:MSTR), Qlik Tech (QLIK) and Perry Ellis (NASDAQ:PERY) all had rating initiated on them from several brokerages.
Regeneron Pharmceuticals (REGN) has coverage resumed on them from Boenning & Scattergood, which started them off with an "Outperform" rating. They placed a price target of $58 on REGN.
MicroStrategy (MSTR) had coverage initiated on them by BMO Capital Markets, which started them off with an "Outperform.' They have a price target of $180 on MicroStrategy.
Qlik Tech (QLIK) also had coverage initiated on them by BMO Capital Markets, receiving a "Market Perform" rating from them. They placed a price target of $29 on Qlik.
Deutshe Bank (NYSE:DB) initiated coverage on Perry Ellis (PERY), starting them off with a "Buy" rating.
Regeneron Pharmceuticals (REGN) has coverage resumed on them from Boenning & Scattergood, which started them off with an "Outperform" rating. They placed a price target of $58 on REGN.
MicroStrategy (MSTR) had coverage initiated on them by BMO Capital Markets, which started them off with an "Outperform.' They have a price target of $180 on MicroStrategy.
Qlik Tech (QLIK) also had coverage initiated on them by BMO Capital Markets, receiving a "Market Perform" rating from them. They placed a price target of $29 on Qlik.
Deutshe Bank (NYSE:DB) initiated coverage on Perry Ellis (PERY), starting them off with a "Buy" rating.
Tuesday, April 26, 2011
Barrick (ABX) (BEXP) (ECA) Downgraded on April 26
Shares of Barrick Gold Corp (NYSE: ABX), Brigham Exploration (NASDAQ: BEXP) and EnCana Co. (NYSE: ECA) were all downgraded on April 26 by various brokerages.
BMO Capital Markets downgraded Barrick Gold Corp (ABX) from an “Outperform” rating to a “Market perform” rating.
Stifel Nicolaus downgraded Brigham Exploration (BEXP) from a “Buy” rating to a “Hold” rating.
Ticonderoga downgraded EnCana Co. (ECA) from a “Neutral” rating to a “Sell” rating. They have a price target of $27 on the company.
BMO Capital Markets downgraded Barrick Gold Corp (ABX) from an “Outperform” rating to a “Market perform” rating.
Stifel Nicolaus downgraded Brigham Exploration (BEXP) from a “Buy” rating to a “Hold” rating.
Ticonderoga downgraded EnCana Co. (ECA) from a “Neutral” rating to a “Sell” rating. They have a price target of $27 on the company.
Thursday, March 3, 2011
Research in Motion (RIMM) Will Shine in Fourth Quarter Says BMO
Citing their checks, BMO said the fourth quarter for Research in Motion (NASDAQ:RIMM) will be strong, even though they haven't released new products in the quarter.
BMO Capital analyst Tim Long noted, “Our checks indicate that RIMM is seeing strength in all regions outside North America, despite a lack of new products in the quarter. We believe the Torch, 9300, 8520, and rollout of BB 6.0 are all leading to upside.”
The fourth-quarter earnings estimate was raised from $1.77 to $1.81 a share, above consensus of $1.75 a share.
The 2012 earnings estimate was boosted from $7.40 a shared to $8 a share. Long introduced 2013 an earnings estimate of $9.25 a share.
RIMM was trading at $68.04, gaining $2.21, or 3.36 percent, as of 11:53 AM EST.
BMO Capital analyst Tim Long noted, “Our checks indicate that RIMM is seeing strength in all regions outside North America, despite a lack of new products in the quarter. We believe the Torch, 9300, 8520, and rollout of BB 6.0 are all leading to upside.”
The fourth-quarter earnings estimate was raised from $1.77 to $1.81 a share, above consensus of $1.75 a share.
The 2012 earnings estimate was boosted from $7.40 a shared to $8 a share. Long introduced 2013 an earnings estimate of $9.25 a share.
RIMM was trading at $68.04, gaining $2.21, or 3.36 percent, as of 11:53 AM EST.
Monday, November 29, 2010
Silver Wheaton (NYSE:SLW), Silvercorp Metals (NYSE:SVM) Ratings Changed by BMO Capital
As the price of gold continues to go up, silver is increasingly being looked at as an investment metal, and not just an industrial one, which has drawn the attention of analysts who are carefully watching companies like Silver Wheaton (NYSE:SLW) and Silvercorp Metals (NYSE:SVM), which had their ratings changed by BMO Capital.
Silver Wheaton, which has a terrific business model, was upgraded from "Market Perform" to "Outperform." Silvercorp Metals was downgraded from "Outperform" to "Market "Perform."
Silver Wheaton closed Friday at $35.15, falling $0.49, or 1.37 percent. BMO has a prict target of $46 on them, raising it from $40.
Silvercopr Metals closed at $11.74, dropping $0.54, or 4.40 percent.
Silver Wheaton, which has a terrific business model, was upgraded from "Market Perform" to "Outperform." Silvercorp Metals was downgraded from "Outperform" to "Market "Perform."
Silver Wheaton closed Friday at $35.15, falling $0.49, or 1.37 percent. BMO has a prict target of $46 on them, raising it from $40.
Silvercopr Metals closed at $11.74, dropping $0.54, or 4.40 percent.
Friday, November 12, 2010
Has Alcoa (NYSE:AA) Climbed As High As it Can Go?
Making a big move from August by rising almost 40 percent, questions are arising concerning Alcoa (NYSE:AA) and whether or not they have peaked in light of the demand for aluminum.
Consequently, BMO Capital has downgraded Alcoa from "Outperform" to "Market Perform," with analyst Tony Robson saying they're approaching his target price of $14 a share.
Robson also rightly noted that aluminum is probably the least enticing of commodity metals, saying they're the "least preferred commodity."
Contradicting assertions on supply and demand balance from Alcoa, Robson added that the believes there will be a surplus of aluminum, and the increasing size of inventories could drive aluminum prices down.
He also noted that Alcoa's nod toward Asian markets and China driving aluminum demand isn't convincing as it relates to them, as their smelters are a long way away, implying higher costs.
Alcoa also recently talked about eventual emergence of aluminum ETFs, but they haven't been part of negotiations yet, and haven't been invited to be. Rusal has been the major point of contact and beneficiary of that new aluminum market, not Alcoa.
So while there are some positive things to look for concerning aluminum in the long term, Alcoa will struggle to make them generate revenue and profits in the near term, and possibly for several years out.
If someone wants to stay in the aluminum play, Robson recommended moving to Rio Tinto (NYSE:RIO).
Alcoa closed Thursday at $13.81, down by $0.07, or 0.50 percent.
Consequently, BMO Capital has downgraded Alcoa from "Outperform" to "Market Perform," with analyst Tony Robson saying they're approaching his target price of $14 a share.
Robson also rightly noted that aluminum is probably the least enticing of commodity metals, saying they're the "least preferred commodity."
Contradicting assertions on supply and demand balance from Alcoa, Robson added that the believes there will be a surplus of aluminum, and the increasing size of inventories could drive aluminum prices down.
He also noted that Alcoa's nod toward Asian markets and China driving aluminum demand isn't convincing as it relates to them, as their smelters are a long way away, implying higher costs.
Alcoa also recently talked about eventual emergence of aluminum ETFs, but they haven't been part of negotiations yet, and haven't been invited to be. Rusal has been the major point of contact and beneficiary of that new aluminum market, not Alcoa.
So while there are some positive things to look for concerning aluminum in the long term, Alcoa will struggle to make them generate revenue and profits in the near term, and possibly for several years out.
If someone wants to stay in the aluminum play, Robson recommended moving to Rio Tinto (NYSE:RIO).
Alcoa closed Thursday at $13.81, down by $0.07, or 0.50 percent.
Tuesday, November 9, 2010
Golden Star Resources (AMEX:GSS) Faces Production Challenges
The recent earnings report for Golden Star Resources (AMEX:GSS) revealed they have production issues that need to be taken care of at their flagship Bogoso/Prestea mine, located in Ghana, which they have a 90 percent stake in.
Golden Star President and CEO, Tom Mair, said about the challenges, "Our operating cash flow remained strong in the third quarter as gold prices reached new record highs. Our production performance was impacted by lower recoveries at Bogoso/Prestea, lower grades milled and record high rainfall in our operating areas which affected ore deliveries. Our strong financial position allowed us to make substantial investments in our future. We drilled a further 30,000 meters around our properties in the quarter. We made progress on restarting the Bogoso oxide mill by advancing the tailings reprocessing project, preparing to restart mining at Pampe pit and progressing the Prestea Underground scoping study."
BMO Capital downgraded Golden Star on the news, lowering them from "Out Perform" to "Market Perform."
Golden Star was trading at $5.32 today, down $0.64, or 10.74 percent as of 11:48 AM EST. BMO increased their price target on them from $5.50 to $6.25.
Golden Star President and CEO, Tom Mair, said about the challenges, "Our operating cash flow remained strong in the third quarter as gold prices reached new record highs. Our production performance was impacted by lower recoveries at Bogoso/Prestea, lower grades milled and record high rainfall in our operating areas which affected ore deliveries. Our strong financial position allowed us to make substantial investments in our future. We drilled a further 30,000 meters around our properties in the quarter. We made progress on restarting the Bogoso oxide mill by advancing the tailings reprocessing project, preparing to restart mining at Pampe pit and progressing the Prestea Underground scoping study."
BMO Capital downgraded Golden Star on the news, lowering them from "Out Perform" to "Market Perform."
Golden Star was trading at $5.32 today, down $0.64, or 10.74 percent as of 11:48 AM EST. BMO increased their price target on them from $5.50 to $6.25.
Monday, November 1, 2010
Barrick (NYSE:ABX) Receives Mixed Ratings Ahead of QE Announcement
Barrick Gold (NYSE:ABX) will almost always have the challenge of moving up significantly over a short period of time because of their size, and that seems to affect the ratings companies like Mackie and BMO Capital put on the gold mining giant, which went in opposite directions on Friday.
Mackie downgraded Barrick from "Buy" to "Accumulate," while BMO Capital upgraded them from "Market Perform" to "Outperform."
It all depends on how most financial institutions look on valuation and how a company the size of Barrick will be able to grow.
If gold prices are the sole or key indicator used to measure the growth of a gold miner, then it will definitely be viewed strongly, although how management controls operational costs is right there alongside of it, at least it should be.
Barrick closed Friday at $48.09, gaining $1.07, or 2.28 percent. BMO increased their price target on them from $55 to $60.
Barrick should benefit from the expected quantitative easing announcement the Fed is about to make, as should the vast majority of gold and commodity miners.
Mackie downgraded Barrick from "Buy" to "Accumulate," while BMO Capital upgraded them from "Market Perform" to "Outperform."
It all depends on how most financial institutions look on valuation and how a company the size of Barrick will be able to grow.
If gold prices are the sole or key indicator used to measure the growth of a gold miner, then it will definitely be viewed strongly, although how management controls operational costs is right there alongside of it, at least it should be.
Barrick closed Friday at $48.09, gaining $1.07, or 2.28 percent. BMO increased their price target on them from $55 to $60.
Barrick should benefit from the expected quantitative easing announcement the Fed is about to make, as should the vast majority of gold and commodity miners.
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