Expedia (NASDAQ: EXPE), PLX Technology Inc. (NASDAQ: PLXT), Corp. Office Properties (NYSE: OFC), Rowan Companies (NYSE: RDC), Forest Labs (NYSE: FRX) and Cincinnati Bell Inc. (NYSE: CBB) ratings and price targets.
ThinkEquity initiated coverage on PLX Technology Inc. (PLXT). They have a "Buy" rating and price target of $4.00 on the firm.
Jefferies Group (NYSE: JEF) cut their price target on Corp. Office Properties (OFC) to $21.00.
Rowan Companies (RDC) was downgraded by Global Hunter Securities from a “Buy” rating to an “Accumulate” rating
Bank of America (NYSE:BAC) lowered its price target on Forest Labs (FRX) from $45.00 to $40.00.
Expedia (EXPE) had its “Neutral” rating reiterated by Goldman Sachs (NYSE: GS).
Piper Jaffray (PJC) initiated coverage on shares of Cincinnati Bell Inc. (CBB). They have a "Neutral" rating on the firm.
Showing posts with label Expedia. Show all posts
Showing posts with label Expedia. Show all posts
Friday, December 30, 2011
Tuesday, December 27, 2011
Expedia (EXPE) (AKRX) (CEDC) (LTC) (RAM) Price Targets Changed
Expedia, Inc. (NASDAQ: EXPE), Akorn, Inc. (NASDAQ: AKRX), Central European Distribution Corp. (NASDAQ: CEDC), Ltc Properties Inc. (NYSE: LTC) and RAM Energy Resources (NYSE: RAM) had price targets on them adjusted by analysts.
Akorn, Inc. (AKRX) had its price target raised by Piper Jaffray (NYSE:PJC) to $14.00. They have an “Overweight” rating on the company.
Central European Distribution Corp. (NASDAQ: CEDC) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $3.85. They have an “Underweight” rating on the company.
Expedia, Inc. (EXPE) had its price target lowered by Evercore Partners to $37.00.
Ltc Properties Inc. (LTC) had its price target raised by Stifel Nicolaus from $30.00 to $32.00. They have a “Buy” rating on the company.
RAM Energy Resources (RAM) had its price target raised by RBC Capital from $1.50 to $2.50. They have an “Outperform” rating on the company.
Akorn, Inc. (AKRX) had its price target raised by Piper Jaffray (NYSE:PJC) to $14.00. They have an “Overweight” rating on the company.
Central European Distribution Corp. (NASDAQ: CEDC) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $3.85. They have an “Underweight” rating on the company.
Expedia, Inc. (EXPE) had its price target lowered by Evercore Partners to $37.00.
Ltc Properties Inc. (LTC) had its price target raised by Stifel Nicolaus from $30.00 to $32.00. They have a “Buy” rating on the company.
RAM Energy Resources (RAM) had its price target raised by RBC Capital from $1.50 to $2.50. They have an “Outperform” rating on the company.
Monday, December 12, 2011
Expedia (EXPE) (FNFG) (DMAN) (EJ) (PCYC) Downgraded
Expedia, Inc. (NASDAQ: EXPE), First Niagara Financial Group Inc. (NASDAQ: FNFG), DemandTec, Inc. (NASDAQ: DMAN), E-House China (NYSE: EJ) and Pharmacyclics, Inc. (NASDAQ: PCYC) were downgraded by analysts.
First Niagara Financial Group Inc. (FNFG) was downgraded by HSBC (NYSE:HBC) to a “Market Perform” rating.
DemandTec, Inc. (DMAN) was downgraded by Pacific Crest from an “Outperform” rating to a “Sector Perform” rating.
E-House China (EJ) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
EXACT Sciences Co. (EXAS) was downgraded by Piper Jaffray (NYSE:PJC) from an “overweight” rating to a “neutral” rating. The analysts now have a $8.00 price target on the stock.
Expedia, Inc. (EXPE) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Pharmacyclics, Inc. (PCYC) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
First Niagara Financial Group Inc. (FNFG) was downgraded by HSBC (NYSE:HBC) to a “Market Perform” rating.
DemandTec, Inc. (DMAN) was downgraded by Pacific Crest from an “Outperform” rating to a “Sector Perform” rating.
E-House China (EJ) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
EXACT Sciences Co. (EXAS) was downgraded by Piper Jaffray (NYSE:PJC) from an “overweight” rating to a “neutral” rating. The analysts now have a $8.00 price target on the stock.
Expedia, Inc. (EXPE) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Pharmacyclics, Inc. (PCYC) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
Monday, November 28, 2011
Expedia (EXPE) (NJR) (NTRS) (NTSP) (EXR) (FL) Ratings, Price Targets
Expedia, Inc. (EXPE), New Jersey Resources Co. (NJR), Northern Trust Co. (NTRS), NetSpend (NTSP), Extra Space Storage (EXR) and Foot Locker (FL) ratings and price targets.
Brean Murray initiated coverage on New Jersey Resources Co. (NJR). They placed a “Hold” rating on the company.
Morgan Stanley (NYSE:MS) downgraded Northern Trust Co. (NTRS) to an “Underweight” rating.
Keefe, Bruyette & Woods initiated coverage on NetSpend (NTSP). They placed an “Outperform” rating and a price target of $8.00 on the company.
Evercore Partners lowered its price target on Expedia, Inc. (EXPE) to $33.00.
RBC Capital raised its price target on Extra Space Storage (EXR) from $24.00 to $26.00. They have an “Outperform” rating on the company.
UBS AG (NYSE:UBS) upgraded Foot Locker (FL) from a “Neutral” rating to a “Buy” rating.
Brean Murray initiated coverage on New Jersey Resources Co. (NJR). They placed a “Hold” rating on the company.
Morgan Stanley (NYSE:MS) downgraded Northern Trust Co. (NTRS) to an “Underweight” rating.
Keefe, Bruyette & Woods initiated coverage on NetSpend (NTSP). They placed an “Outperform” rating and a price target of $8.00 on the company.
Evercore Partners lowered its price target on Expedia, Inc. (EXPE) to $33.00.
RBC Capital raised its price target on Extra Space Storage (EXR) from $24.00 to $26.00. They have an “Outperform” rating on the company.
UBS AG (NYSE:UBS) upgraded Foot Locker (FL) from a “Neutral” rating to a “Buy” rating.
Thursday, November 17, 2011
Avnet (AVT) (EXPE) (MELI) (OPEN) (ARW) (BBVA) Get New Coverage
Avnet, Inc. (NYSE: AVT), Expedia, Inc. (NASDAQ: EXPE), MercadoLibre, Inc. (NASDAQ: MELI), OpenTable Inc. (NASDAQ: OPEN), Arrow Electronics, Inc. (NYSE: ARW) and Banco Bilbao Vizcaya Argentaria SA (NASDAQ: BBVA) getting new coverage from analysts.
Collins Stewart initiated coverage on Avnet, Inc. (AVT). They placed a “Neutral” rating on the company.
Raymond James (NYSE:RJF) initiated coverage on Expedia, Inc. (EXPE). They placed a “Market Perform” rating on the company.
Raymond James initiated coverage on MercadoLibre, Inc. (MELI). They placed an “Outperform” rating on the company.
Raymond James initiated coverage on OpenTable Inc. (OPEN). They placed a “Market Perform” rating on the company.
Collins Stewart initiated coverage on Arrow Electronics, Inc. (ARW). They placed a “Neutral” rating on the company.
ING Group initiated coverage on Banco Bilbao Vizcaya Argentaria SA (BBVA). They placed a “Buy” rating on the company.
Collins Stewart initiated coverage on Avnet, Inc. (AVT). They placed a “Neutral” rating on the company.
Raymond James (NYSE:RJF) initiated coverage on Expedia, Inc. (EXPE). They placed a “Market Perform” rating on the company.
Raymond James initiated coverage on MercadoLibre, Inc. (MELI). They placed an “Outperform” rating on the company.
Raymond James initiated coverage on OpenTable Inc. (OPEN). They placed a “Market Perform” rating on the company.
Collins Stewart initiated coverage on Arrow Electronics, Inc. (ARW). They placed a “Neutral” rating on the company.
ING Group initiated coverage on Banco Bilbao Vizcaya Argentaria SA (BBVA). They placed a “Buy” rating on the company.
Wednesday, November 9, 2011
Cooper (CBE) (WMS) (EXAR) (EXPE) (FRPT) (HPT) Downgraded
Cooper Industries PLC (NYSE: CBE), WMS Industries Inc. (NYSE: WMS), Exar (NASDAQ: EXAR), Expedia, Inc. (NASDAQ: EXPE), Force Protection, Inc. (NASDAQ: FRPT) and Hospitality Properties (NYSE: HPT) were downgraded by analysts.
Cooper Industries PLC (CBE) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Neutral” rating. They have a price target of $59.00 on the company.
WMS Industries Inc. (WMS) was downgraded by Credit Agricole from a “Buy” rating to an “Underperform” rating.
Exar (EXAR) was downgraded by Wunderlich from a “Buy” rating to a “Hold” rating. They have a price target of $6.50 on the company, down from $7.50.
Expedia, Inc. (EXPE) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating. They have a price target of $25.00 on the company.
Force Protection, Inc. (FRPT) was downgraded by Imperial Capital to an “Outperform” rating.
Hospitality Properties (HPT) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Cooper Industries PLC (CBE) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Neutral” rating. They have a price target of $59.00 on the company.
WMS Industries Inc. (WMS) was downgraded by Credit Agricole from a “Buy” rating to an “Underperform” rating.
Exar (EXAR) was downgraded by Wunderlich from a “Buy” rating to a “Hold” rating. They have a price target of $6.50 on the company, down from $7.50.
Expedia, Inc. (EXPE) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating. They have a price target of $25.00 on the company.
Force Protection, Inc. (FRPT) was downgraded by Imperial Capital to an “Outperform” rating.
Hospitality Properties (HPT) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Monday, October 31, 2011
Expedia (EXPE) (PXP) (GTLS) (QSII) (RTN) (EXXI) Price Targets Changed
Expedia, Inc. (NASDAQ: EXPE), Plains Exploration & Production Company (NYSE: PXP), Chart Industrial (NASDAQ: GTLS), Quality Systems Inc. (NASDAQ: QSII), Raytheon Company (NYSE: RTN) and Energy XXI (NASDAQ: EXXI) had price targets on them adjusted by analysts.
Expedia, Inc. (EXPE) had its price target lowered by Barclays Capital from $34.00 to $32.00. They have an “Equal Weight” rating on the company.
Plains Exploration & Production Company (PXP) had its price target raised by Howard Weil from $44.00 to $48.00. They have an Outperform” rating on the company.
Chart Industrial (GTLS) had its price target raised by Barclays Capital from $62.00 to $66.00. They have an “Overweight” rating on the company.
Quality Systems Inc. (QSII) had its price target lowered by Morgan Keegan to $42.00. They have a “Market Perform” rating on the company.
Raytheon Company (RTN) had its price target lowered by Barclays Capital from $60.00 to $55.00. They have an “Overweight” rating on the company.
Energy XXI (EXXI) had its price target raised by Global Hunter Securities from $37.00 to $39.00. They have a “Buy” rating on the company.
Expedia, Inc. (EXPE) had its price target lowered by Barclays Capital from $34.00 to $32.00. They have an “Equal Weight” rating on the company.
Plains Exploration & Production Company (PXP) had its price target raised by Howard Weil from $44.00 to $48.00. They have an Outperform” rating on the company.
Chart Industrial (GTLS) had its price target raised by Barclays Capital from $62.00 to $66.00. They have an “Overweight” rating on the company.
Quality Systems Inc. (QSII) had its price target lowered by Morgan Keegan to $42.00. They have a “Market Perform” rating on the company.
Raytheon Company (RTN) had its price target lowered by Barclays Capital from $60.00 to $55.00. They have an “Overweight” rating on the company.
Energy XXI (EXXI) had its price target raised by Global Hunter Securities from $37.00 to $39.00. They have a “Buy” rating on the company.
Monday, August 1, 2011
Alere (ALR) (CCI) (CERN) (CHK) (EXPE) (KLAC) Price Targets Changed
Alere Inc. (NYSE: ALR), Crown Castle (NYSE: CCI), Cerner Corp. (NASDAQ: CERN), Chesapeake Energy (NYSE: CHK), Expedia, Inc. (NASDAQ: EXPE) and KLA-Tencor (NASDAQ: KLAC) price targets adjusted by analysts.
Alere Inc. (ALR) had its price target lowered by RBC Capital from $35.00 to $32.00. They have a “Sector Perform” rating on the company.
Crown Castle (CCI) had its price target raised by Collins Stewart from $56.00 to $58.00. They have a “Buy” rating on the company.
Cerner Corp. (CERN) had its price target raised by FBR Capital from $66.00 to $72.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00.
Expedia, Inc. (EXPE) had its price target raised by Jefferies (NYSE:JEF) to $35.00.
KLA-Tencor (KLAC) had its price target lowered by RBC Capital from $47.00 to $39.00. They have a “Sector Perform” rating on the company.
Alere Inc. (ALR) had its price target lowered by RBC Capital from $35.00 to $32.00. They have a “Sector Perform” rating on the company.
Crown Castle (CCI) had its price target raised by Collins Stewart from $56.00 to $58.00. They have a “Buy” rating on the company.
Cerner Corp. (CERN) had its price target raised by FBR Capital from $66.00 to $72.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00.
Expedia, Inc. (EXPE) had its price target raised by Jefferies (NYSE:JEF) to $35.00.
KLA-Tencor (KLAC) had its price target lowered by RBC Capital from $47.00 to $39.00. They have a “Sector Perform” rating on the company.
Meredith (MDP) (BWA) (BLL) (CAVM) (CCE) (EXPE) Price Target Changed
Meredith Corporation (NYSE: MDP), BorgWarner Inc (NYSE: BWA), Ball Co. (NYSE: BLL), Cavium Networks, Inc. (NASDAQ: CAVM), Coca-Cola Enterprises (NYSE: CCE) and Expedia, Inc. (NASDAQ: EXPE) price targets adjusted by analysts.
BorgWarner Inc. (BWA) had its price target raised by Barclays Capital from $85.00 to $92.00. They have an “Equal Weight” rating on the company.
Ball Co. (BLL) had its price target cut by Jefferies (NYSE:JEF) to $46.00.
Cavium Networks, Inc. (CAVM) had its price target slashed by UBS AG (NYSE:UBS) from $47.50 to $43.00. They have a “Buy” rating on the company.
Coca-Cola Enterprises (CCE) had its price target raised by Barclays Capital from $31.00 to $34.00. They have an “Equal Weight” rating on the company.
Expedia, Inc. (EXPE) had its price target raised by Citigroup (NYSE:C) to $36.00. They have a “Buy” rating on the company.
Meredith Corporation (MDP) had its price target lowered by The Benchmark Company from $35.00 to $33.00. They have a “Hold” rating on the company.
BorgWarner Inc. (BWA) had its price target raised by Barclays Capital from $85.00 to $92.00. They have an “Equal Weight” rating on the company.
Ball Co. (BLL) had its price target cut by Jefferies (NYSE:JEF) to $46.00.
Cavium Networks, Inc. (CAVM) had its price target slashed by UBS AG (NYSE:UBS) from $47.50 to $43.00. They have a “Buy” rating on the company.
Coca-Cola Enterprises (CCE) had its price target raised by Barclays Capital from $31.00 to $34.00. They have an “Equal Weight” rating on the company.
Expedia, Inc. (EXPE) had its price target raised by Citigroup (NYSE:C) to $36.00. They have a “Buy” rating on the company.
Meredith Corporation (MDP) had its price target lowered by The Benchmark Company from $35.00 to $33.00. They have a “Hold” rating on the company.
Thursday, July 28, 2011
Baidu.com (BIDU) (CNC) (EXPE) (HLX) (NOV) (NSC) (UA) Price Targets Changed
Baidu.com, Inc. (NASDAQ: BIDU), Centene Co. (NYSE: CNC), Expedia, Inc. (NASDAQ: EXPE), Helix Energy Solutions Group Inc. (NYSE: HLX), National-Oilwell Varco, Inc. (NYSE: NOV), Norfolk Southern Corp. (NYSE: NSC) and Under Armour, Inc. (NYSE: UA) price targets changed by analysts.
Baidu.com, Inc. (BIDU) had its price target raised by HSBC from $181.00 to $195.00. They have an “Overweight” rating on the company.
Centene Co. (CNC) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00. They have a “Neutral” rating on the company.
Expedia, Inc. (EXPE) had its price target raised by The Benchmark Company from $26.00 to $34.00. They have a “Hold” rating on the company.
Helix Energy Solutions Group Inc. (HLX) had its price target raised by Morgan Keegan to $25.50.
National-Oilwell Varco, Inc. (NOV) had its price target raised by Howard Weil from $95.00 to $101.00. They have an “Outperform” rating on the company.
Norfolk Southern Corp. (NSC) had its price target raised by Stifel Nicolaus from $83.00 to $90.00. They have a “Buy” rating on the company.
Under Armour, Inc. (UA) had its price target raised by FBR Capital from $75.00 to $80.00. They have a “Market Perform” rating on the company.
Baidu.com, Inc. (BIDU) had its price target raised by HSBC from $181.00 to $195.00. They have an “Overweight” rating on the company.
Centene Co. (CNC) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00. They have a “Neutral” rating on the company.
Expedia, Inc. (EXPE) had its price target raised by The Benchmark Company from $26.00 to $34.00. They have a “Hold” rating on the company.
Helix Energy Solutions Group Inc. (HLX) had its price target raised by Morgan Keegan to $25.50.
National-Oilwell Varco, Inc. (NOV) had its price target raised by Howard Weil from $95.00 to $101.00. They have an “Outperform” rating on the company.
Norfolk Southern Corp. (NSC) had its price target raised by Stifel Nicolaus from $83.00 to $90.00. They have a “Buy” rating on the company.
Under Armour, Inc. (UA) had its price target raised by FBR Capital from $75.00 to $80.00. They have a “Market Perform” rating on the company.
Tuesday, July 26, 2011
Lorillard (LO) (MHS) (ERTS) (ATVI) (EXPE) (SYMC) Ratings Reiterated
Lorillard Inc. (NYSE: LO), Medco Health Solutions Inc. (NYSE: MHS), Electronic Arts Inc (NASDAQ: ERTS), Activision Blizzard Inc (NASDAQ: ATVI), Expedia, Inc. (NASDAQ: EXPE) and Symantec (NASDAQ: SYMC) have ratings reiterated by analysts.
Jefferies (NYSE:JEF) reiterated a "Buy" rating on Medco Health Solutions Inc. (MHS).
BMC Equities reiterated a "Hold" rating Research Electronic Arts Inc (ERTS).
Jefferies (NYSE:JEF) reiterated a "Buy" rating on Expedia, Inc. (EXPE).
BMC Equities Research reiterated a "Buy" rating on Activision Blizzard Inc (ATVI). They have a price target of $15.00 on the company.
Citigroup (NYSE:C) reiterated a "Buy" rating on Lorillard Inc. (LO). They have a price target of $122.00 on the company.
Oppenheimer reiterated an "Outperform" rating on Symantec (SYMC). They have a price target of $21.00 on the company.
Jefferies (NYSE:JEF) reiterated a "Buy" rating on Medco Health Solutions Inc. (MHS).
BMC Equities reiterated a "Hold" rating Research Electronic Arts Inc (ERTS).
Jefferies (NYSE:JEF) reiterated a "Buy" rating on Expedia, Inc. (EXPE).
BMC Equities Research reiterated a "Buy" rating on Activision Blizzard Inc (ATVI). They have a price target of $15.00 on the company.
Citigroup (NYSE:C) reiterated a "Buy" rating on Lorillard Inc. (LO). They have a price target of $122.00 on the company.
Oppenheimer reiterated an "Outperform" rating on Symantec (SYMC). They have a price target of $21.00 on the company.
Monday, May 16, 2011
Ratings on (ENTG) (EXPE) (FLT) (FSC) (FRF) Reiterated
Ratings on shares of Entegris (NASDAQ: ENTG), Expedia, Inc. (NASDAQ: EXPE), FleetCor Technologies, Inc. (NYSE: FLT), Fifth Street Finance (NYSE: FSC) and Fortegra Financial (NYSE: FRF) were reiterated by analysts.
Bank of America (NYSE:BAC) reiterated a “neutral” rating on Entegris (ENTG). They have a price target of $10.00 on the company, up from $9.50.
Jefferies (NYSE:JEF) reiterated a “buy” rating on Expedia, Inc. (EXPE).
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on FleetCor Technologies, Inc. (FLT).
Gilford Securities reiterated a “buy” rating on Fifth Street Finance (FSC). They have a price target of $14.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on Fortegra Financial (FRF). They have a price target of $14.50 on the company.
Bank of America (NYSE:BAC) reiterated a “neutral” rating on Entegris (ENTG). They have a price target of $10.00 on the company, up from $9.50.
Jefferies (NYSE:JEF) reiterated a “buy” rating on Expedia, Inc. (EXPE).
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on FleetCor Technologies, Inc. (FLT).
Gilford Securities reiterated a “buy” rating on Fifth Street Finance (FSC). They have a price target of $14.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on Fortegra Financial (FRF). They have a price target of $14.50 on the company.
Friday, May 13, 2011
Ratings on (VTR) (EPM) (EXPE) (GWW) (MUR) Upgraded
Ratings on Ventas (NYSE: VTR), Evolution Petroleum Co. (NYSE: EPM), Expedia, Inc. (NASDAQ: EXPE), W.W. Grainger, Inc. (NYSE: GWW) and Murphy Oil Corp (NYSE: MUR) were upgraded by analysts.
Robert W. Baird upgraded Ventas (VTR) from an “underperform” rating to a “neutral” rating. They have a price target of $50.00 on the company, up from $48.00.
Global Hunter Securities upgraded Evolution Petroleum Co. (EPM) to a “buy” rating. They have a price target of $12.50 on the company.
Lazard Capital upgraded Expedia, Inc. (EXPE) from a “neutral” rating to a “buy” rating. They have a price target of $30.00 on the company.
Citigroup (NYSE:C) upgraded W.W. Grainger, Inc. (GWW) from a “sell” rating to a “hold” rating.
Raymond James upgraded Murphy Oil Corp (MUR) from a “market perform” rating to an “outperform” rating.
Robert W. Baird upgraded Ventas (VTR) from an “underperform” rating to a “neutral” rating. They have a price target of $50.00 on the company, up from $48.00.
Global Hunter Securities upgraded Evolution Petroleum Co. (EPM) to a “buy” rating. They have a price target of $12.50 on the company.
Lazard Capital upgraded Expedia, Inc. (EXPE) from a “neutral” rating to a “buy” rating. They have a price target of $30.00 on the company.
Citigroup (NYSE:C) upgraded W.W. Grainger, Inc. (GWW) from a “sell” rating to a “hold” rating.
Raymond James upgraded Murphy Oil Corp (MUR) from a “market perform” rating to an “outperform” rating.
Friday, April 29, 2011
Price Targets on (CERN) (DOX) (EDMC) (EXPE) (FLS) Updated
Price targets on Cerner Corp (NASDAQ: CERN), Amdocs Limited (NYSE: DOX), Education Management Corp (NASDAQ: EDMC), Expedia, Inc. (NASDAQ: EXPE) and Flowserve Corp (NYSE: FLS) were updated today.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Cerner Corp (CERN) from $115.00 to $120.00. They have an “overweight” rating on the company.
JPMorgan Chase & Co. raised their price target on Amdocs Limited (DOX) from $33.50 to $36.00.
Goldman Sachs (NYSE:GS) cut their price target on Education Management Corp (EDMC) from $18.00 to $17.00.
UBS AG ((NYSE:UBS) raised their price target on Expedia, Inc. (EXPE) from $25.00 to $27.00. They have a “neutral” rating on the company.
UBS AG raised their price target on Flowserve Corp (FLS) from $134.00 to $138.00. They have a “neutral” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Cerner Corp (CERN) from $115.00 to $120.00. They have an “overweight” rating on the company.
JPMorgan Chase & Co. raised their price target on Amdocs Limited (DOX) from $33.50 to $36.00.
Goldman Sachs (NYSE:GS) cut their price target on Education Management Corp (EDMC) from $18.00 to $17.00.
UBS AG ((NYSE:UBS) raised their price target on Expedia, Inc. (EXPE) from $25.00 to $27.00. They have a “neutral” rating on the company.
UBS AG raised their price target on Flowserve Corp (FLS) from $134.00 to $138.00. They have a “neutral” rating on the company.
Friday, April 8, 2011
Wall Street Loves Expedia (EXPE) Spin Off
The announcement by Expedia (NASDAQ:EXPE) that its going to spin off it TripAdvisor business into a public company won the applause of Wall Street, and was rewarded with its biggest one-day gain since June 2007.
Shares of Expedia were trading at $24.88, gaining $2.48, or 11.05 percent, as of 11:56 AM EDT. It reached as high as $25.75 earlier in the session.
Expedia announced late Thursday its board of directors approved separating the business into two publicly traded companies.
Citigroup’s (NYSE:C) Mark Mahaney was upbeat on the deal, calling the stock a “core holding” among large cap Internet stocks. He stuck with his buy rating and $29 price target. He sees Expedia “the best value play” in the sector “with TripAdvisor as a key differentiator.”
Many other analysts were just as positive on the event.
Shares of Expedia were trading at $24.88, gaining $2.48, or 11.05 percent, as of 11:56 AM EDT. It reached as high as $25.75 earlier in the session.
Expedia announced late Thursday its board of directors approved separating the business into two publicly traded companies.
Citigroup’s (NYSE:C) Mark Mahaney was upbeat on the deal, calling the stock a “core holding” among large cap Internet stocks. He stuck with his buy rating and $29 price target. He sees Expedia “the best value play” in the sector “with TripAdvisor as a key differentiator.”
Many other analysts were just as positive on the event.
Google (GOOG), Justice Close to Settlement Over ITA Acquisition
Google (NASDAQ:GOOG) and the Justice Department are close to reaching a settlement over the ITA Software acquisition, according to people familiar with the situation, as an agreement will keep the matter from a court challenge.
At this time the proposed agreement isn't finalized, but if it eventually reaches that stage, there will evidently be some antitrust monitoring of Google's operations by the government.
Under terms being discussed, Google would continue to provide services from ITA to its competitors under "fair and reasonable terms."
Of course it's the details of how that is defined that will determine the outcome of a settlement. If there is too much interference, Google could just walk away from the acquisition or battle it out in court.
Among competitors opposing the acquisition are Microsoft (NASDAQ:MSFT) and Expedia Inc. (NASDAQ:EXPE).
At this time the proposed agreement isn't finalized, but if it eventually reaches that stage, there will evidently be some antitrust monitoring of Google's operations by the government.
Under terms being discussed, Google would continue to provide services from ITA to its competitors under "fair and reasonable terms."
Of course it's the details of how that is defined that will determine the outcome of a settlement. If there is too much interference, Google could just walk away from the acquisition or battle it out in court.
Among competitors opposing the acquisition are Microsoft (NASDAQ:MSFT) and Expedia Inc. (NASDAQ:EXPE).
Wednesday, March 30, 2011
Orbitz (OWW) Loses Enterprise Holdings as Customer
Orbitz Worldwide (NYSE:OWW) has lost Enterprise Holdings - which operates Alamo Rent A Car, National Car Rental, and Enterprise Rent-A-Car brands - as a customer, with Enterprise saying the commission rates now being asked for are "unacceptably high."
Pam Nicholson, chief operating officer of Enterprise, said in a statement, "Their position greatly limits consumer choice and makes renting a car less affordable. It is also punitive towards rental car brands that have contributed to Orbitz's success for many years."
Orbitz, an online travel company that competes with Expedia Inc (NASDAQ:EXPE) and Priceline.com (NASDAQ:PCLN), said it was unable to reach a new deal with Enterprise after the previous contract expired.
It said, "Orbitz has replaced Enterprise Holdings with other suppliers that better serve the needs of our customers. Moving forward, we will continue to give customers choice among a robust selection of car rental options - including Hertz, Avis, Budget, Dollar, Thrifty, Advantage and other leading suppliers - that will fully meet travelers' needs."
Orbitz was trading at $3.595, up $0.005, or 0.14 percent, as of 1:36 PM EDT.
Source
Pam Nicholson, chief operating officer of Enterprise, said in a statement, "Their position greatly limits consumer choice and makes renting a car less affordable. It is also punitive towards rental car brands that have contributed to Orbitz's success for many years."
Orbitz, an online travel company that competes with Expedia Inc (NASDAQ:EXPE) and Priceline.com (NASDAQ:PCLN), said it was unable to reach a new deal with Enterprise after the previous contract expired.
It said, "Orbitz has replaced Enterprise Holdings with other suppliers that better serve the needs of our customers. Moving forward, we will continue to give customers choice among a robust selection of car rental options - including Hertz, Avis, Budget, Dollar, Thrifty, Advantage and other leading suppliers - that will fully meet travelers' needs."
Orbitz was trading at $3.595, up $0.005, or 0.14 percent, as of 1:36 PM EDT.
Source
Thursday, March 10, 2011
Bing (MSFT), Expedia (EXPE), Google (GOOG) and New Travel Price Predictor
The new travel feature from Microsoft's (MSFT) Bing search results will put pressure on Expedia (EXPE) and Google (GOOG) in the travel segment.
When performing a travel search, Price Predictor "automatically suggests flights based on the lowest airfares. It also suggests if one should buy now or hold off for a better fare based on how fares are trending," according to TheStreet.
Expedia will be immediately impacted and Google will probably be forced to regroup and make significant changes in its travel search efforts.
"The budget traveler normally looks up at various sources over the Internet for best deals on airfares, hotel stays and special holiday packages. While the quick comparison facilitated by Bing's new feature might make the travel bookings more convenient for users, it reduces the number of visitors to online travel sites like Expedia. The reduced traffic translates into lower revenue from advertising placements on the websites as well as lower booking fees," concluded The Street.
Expedia was trading at $21.49, up $0.04, or 0.19 percent, as of 1:01 PM EST. Google was trading at $584.31, falling $7.46, or 1.26 percent, as of 1:02 PM EST. Microsoft was at $25.66, down $0.23, or 0.89 percent.
Source
When performing a travel search, Price Predictor "automatically suggests flights based on the lowest airfares. It also suggests if one should buy now or hold off for a better fare based on how fares are trending," according to TheStreet.
Expedia will be immediately impacted and Google will probably be forced to regroup and make significant changes in its travel search efforts.
"The budget traveler normally looks up at various sources over the Internet for best deals on airfares, hotel stays and special holiday packages. While the quick comparison facilitated by Bing's new feature might make the travel bookings more convenient for users, it reduces the number of visitors to online travel sites like Expedia. The reduced traffic translates into lower revenue from advertising placements on the websites as well as lower booking fees," concluded The Street.
Expedia was trading at $21.49, up $0.04, or 0.19 percent, as of 1:01 PM EST. Google was trading at $584.31, falling $7.46, or 1.26 percent, as of 1:02 PM EST. Microsoft was at $25.66, down $0.23, or 0.89 percent.
Source
Tuesday, January 18, 2011
Expedia's (NASDAQ:EXPE) Gross Booking Estimate Lowered by Deutsche (NYSE:DB)
Citing the ongoing AA dispute and Google (Nasdaq:GOOG) resisting the SEO strategy of TripAdvisor, Deutsche Bank (NYSE:DB) lowered their growth estimates for Expedia (NASDAQ:EXPE).
Deutsche says, "Given the likely impact from the AA dispute and Google dampening TripAdvisor’s SEO efforts in the near-term, we are tweaking our estimates. For 2011, we are slightly lowering our gross bookings growth estimate to 11% (from 12% earlier) and are adjusting our revs/OIBA/EPS estimate to $3.64bn/$931mn/$1.97 vs. $3.68bn/$1.0bn/$2.08 previously. We are also introducing our 2012 estimates which call for revs/OIBA/EPS of $3.95bn/$1.02bn/$2.22 on gross bookings of $32.1bn (+10%Y/Y)."
Deutsche Bank maintains a "Buy" rating on Expedia, which closed Friday at $27.30, up $0.18, or 0.66 percent. Deutsche boosted their price target on Expedia from $32 to $35.
Deutsche says, "Given the likely impact from the AA dispute and Google dampening TripAdvisor’s SEO efforts in the near-term, we are tweaking our estimates. For 2011, we are slightly lowering our gross bookings growth estimate to 11% (from 12% earlier) and are adjusting our revs/OIBA/EPS estimate to $3.64bn/$931mn/$1.97 vs. $3.68bn/$1.0bn/$2.08 previously. We are also introducing our 2012 estimates which call for revs/OIBA/EPS of $3.95bn/$1.02bn/$2.22 on gross bookings of $32.1bn (+10%Y/Y)."
Deutsche Bank maintains a "Buy" rating on Expedia, which closed Friday at $27.30, up $0.18, or 0.66 percent. Deutsche boosted their price target on Expedia from $32 to $35.
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