It didn't take long for the expected lawsuits against JPMorgan (NYSE:JPM) to emerge in response to the trading loss of $2 billion last quarter, as two lawsuits have already been filed against the giant bank, with more probably to come.
One of the lawsuits accuses the company of securities fraud, based upon “materially false and misleading statements and omissions” allegedly made by CEO Jamie Dimon on the April 13 earnings call.
The complaint states this:
“Defendants misrepresented the losses and risk of loss to the company arising from massive bets on derivative contracts related to credit indexes reflecting interest rates on corporate bonds. These derivative bets went horribly wrong, resulting in billions of dollars in lost capital for the company and billions more in lost market capitalization for JPMorgan shareholders.”
In the other lawsuit top executives Dimon and CFO Douglas Braunstein, along with the board members of the bank being accused of being in breach of fiduciary duty, wasting corporate assets and receiving unjust enrichment.
This appears to be an attempt to take advantage of what appears to be an investing mistake which cost the bank money in order to gain back some of the losses.
An error made in investments isn't a legal matter, in spite of the hype of the Federal Reserve, SEC and FBI investigating the bank.
Showing posts with label JP Morgan. Show all posts
Showing posts with label JP Morgan. Show all posts
Wednesday, May 16, 2012
Friday, February 3, 2012
Hershey (HSY) (EA) (JDSU) (LVS) (AKS) (BIG) Ratings, Price Targets
Hershey (NYSE: HSY), Electronic Arts Inc. (NYSE: EA), JDS Uniphase Co. (NASDAQ: JDSU), Las Vegas Sands Corp. (NYSE: LVS), AK Steel Holding Co. (NYSE: AKS) and Big Lots, Inc. (NYSE: BIG) had ratings and price targets on them adjusted by analysts.
Hershey (HSY) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Electronic Arts Inc. (EA) had its price target lowered by Deutsche Bank (NYSE:DB) to $13.00.
JDS Uniphase Co. (JDSU) had its price target raised by Jefferies Group to $18.00.
Las Vegas Sands Corp. (LVS) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $61.00.
AK Steel Holding Co. (AKS) was downgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to an “Underperform” rating.
Big Lots, Inc. (BIG) was upgraded by MKM Partners from a “Neutral” rating to a “Buy” rating. They have a price target of $48.00 on the company.
Hershey (HSY) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Electronic Arts Inc. (EA) had its price target lowered by Deutsche Bank (NYSE:DB) to $13.00.
JDS Uniphase Co. (JDSU) had its price target raised by Jefferies Group to $18.00.
Las Vegas Sands Corp. (LVS) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $61.00.
AK Steel Holding Co. (AKS) was downgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to an “Underperform” rating.
Big Lots, Inc. (BIG) was upgraded by MKM Partners from a “Neutral” rating to a “Buy” rating. They have a price target of $48.00 on the company.
Thursday, February 2, 2012
Franklin Resources (BEN) Ratings, Price Targets
Franklin Resources, Inc. (NYSE: BEN) had ratings and price targets on them adjusted by analysts.
Franklin Resources, Inc. (BEN) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Underweight” rating to a “Neutral” rating.
Franklin Resources, Inc. had its “Neutral” rating reiterated by Nomura (NYSE:NMR).
Franklin Resources, Inc. was downgraded by CLSA from an “Outperform” rating to an “Underperform” rating.
Franklin Resources, Inc. was downgraded by Credit Agricole to an “Underperform” rating.
Franklin Resources, Inc. (BEN) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Underweight” rating to a “Neutral” rating.
Franklin Resources, Inc. had its “Neutral” rating reiterated by Nomura (NYSE:NMR).
Franklin Resources, Inc. was downgraded by CLSA from an “Outperform” rating to an “Underperform” rating.
Franklin Resources, Inc. was downgraded by Credit Agricole to an “Underperform” rating.
Tuesday, January 31, 2012
Kopin (KOPN) (MDVN) (JPM) (MEI) (WTW) (BRKS) Ratings, Price Targets
Kopin Co. (NASDAQ: KOPN), Medivation (NASDAQ: MDVN), JPMorgan Chase & Co. (NYSE: JPM), Methode Electronics (NYSE: MEI), Weight Watchers International, Inc. (NYSE: WTW) and Brooks Automation, Inc. (NASDAQ: BRKS) ratings and price targets.
Wunderlich reiterated its "Buy" rating on Kopin Co. (KOPN). They have a price target of $5.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Medivation (MDVN). They have a price target of $65.00 on the company.
JPMorgan Chase & Co. was downgraded by Goldman Sachs (NYSE:GS) to a “Buy” rating.
Methode Electronics (MEI) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $9.00 on the company.
Weight Watchers International, Inc. (WTW) had its price target raised by Auriga from $75.00 to $87.00. They have a “Buy” rating on the company.
Brooks Automation, Inc. (BRKS) was upgraded by Brigantine from a “Hold” rating to a “Buy” rating. They have a price target of $13.50 on the company.
Wunderlich reiterated its "Buy" rating on Kopin Co. (KOPN). They have a price target of $5.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Medivation (MDVN). They have a price target of $65.00 on the company.
JPMorgan Chase & Co. was downgraded by Goldman Sachs (NYSE:GS) to a “Buy” rating.
Methode Electronics (MEI) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $9.00 on the company.
Weight Watchers International, Inc. (WTW) had its price target raised by Auriga from $75.00 to $87.00. They have a “Buy” rating on the company.
Brooks Automation, Inc. (BRKS) was upgraded by Brigantine from a “Hold” rating to a “Buy” rating. They have a price target of $13.50 on the company.
Molex (MOLX) (MRVL) (ITUB) (JOE) (BPFH) (MOH) Ratings, Price Targets
Molex (NASDAQ: MOLX), Marvell Technology Group (NASDAQ: MRVL), Itau Unibanco Holding Sociedade (NASDAQ: ITUB), The St. Joe Company (NYSE: JOE), Boston Private Financial Holdings Incorporated (NASDAQ: BPFH) and Molina Healthcare (NYSE: MOH) ratings and price targets.
Bank of America (NYSE:BAC) reiterated its "Underperform" rating on Molex (MOLX). They have a price target of $19.00 on the company.
Nomura (NYSE:NMR) reiterated its "Neutral" rating on Marvell Technology Group (MRVL).
Itau Unibanco Holding Sociedade (ITUB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
The St. Joe Company (JOE) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
Boston Private Financial Holdings Incorporated (BPFH) was upgraded by analysts at BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Molina Healthcare (MOH) had its price target raised by UBS AG (NYSE:UBS) from $22.00 to $31.00. They have a “Neutral” rating on the company.
Bank of America (NYSE:BAC) reiterated its "Underperform" rating on Molex (MOLX). They have a price target of $19.00 on the company.
Nomura (NYSE:NMR) reiterated its "Neutral" rating on Marvell Technology Group (MRVL).
Itau Unibanco Holding Sociedade (ITUB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
The St. Joe Company (JOE) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
Boston Private Financial Holdings Incorporated (BPFH) was upgraded by analysts at BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Molina Healthcare (MOH) had its price target raised by UBS AG (NYSE:UBS) from $22.00 to $31.00. They have a “Neutral” rating on the company.
Thursday, January 12, 2012
Covidien (COV) (SLG) (PKG) (WSM) (JNPR) Downgraded
Covidien (NYSE:COV), SL Green Realty (NYSE:SLG), Packaging Corporation of America (NYSE:PKG), Williams-Sonoma (NYSE:WSM) and Juniper Networks (NASDAQ:JNPR) were downgraded by analysts.
Goldman Sachs (NYSE:GS) downgraded Covidien (COV) from a "Buy" rating to a "Neutral" rating.
Goldman Sachs downgraded SL Green Realty (SLG) from a "Neutral" rating to a "Sell" rating.
JPMorgan (NYSE:JPM) downgraded Packaging Corporation of America (PKG) from an "Overweight" rating to an Underweight" rating.
Piper Jaffray (NYSE:PJC) downgraded Williams-Sonoma (WSM) from an "Overweight" rating to a "Neutral" rating.
Argus downgraded Juniper Networks (JNPR) from a "Buy" rating to a "Hold" rating.
Goldman Sachs (NYSE:GS) downgraded Covidien (COV) from a "Buy" rating to a "Neutral" rating.
Goldman Sachs downgraded SL Green Realty (SLG) from a "Neutral" rating to a "Sell" rating.
JPMorgan (NYSE:JPM) downgraded Packaging Corporation of America (PKG) from an "Overweight" rating to an Underweight" rating.
Piper Jaffray (NYSE:PJC) downgraded Williams-Sonoma (WSM) from an "Overweight" rating to a "Neutral" rating.
Argus downgraded Juniper Networks (JNPR) from a "Buy" rating to a "Hold" rating.
ConocoPhillips (COP) (BSYBY) (FTE) (UN) (HBC) Downgraded
ConocoPhillips (NYSE:COP), British Sky Broadcasting (OTC:BSYBY), France Telecom (NYSE:FTE), Unilever NV (NYSE:UN) and HSBC Holdings (NYSE:HBC) were downgraded by analysts.
Jefferies (NYSE:JEF) downgraded ConocoPhillips (COP) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded British Sky Broadcasting (BSYBY) from a "Buy" rating to a "Neutral" rating.
JPMorgan (NYSE:JPM) downgraded France Telecom (FTE) from a "Neutral" rating to an "Underweight" rating.
Deutsche Bank (NYSE:DB) downgraded Unilever NV (UN) from a "Buy" rating to a "Hold" rating.
Bank of America (NYSE:BAC) downgraded HSBC Holdings (HBC) from a "Neutral" rating to an "Underperform" rating.
Jefferies (NYSE:JEF) downgraded ConocoPhillips (COP) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded British Sky Broadcasting (BSYBY) from a "Buy" rating to a "Neutral" rating.
JPMorgan (NYSE:JPM) downgraded France Telecom (FTE) from a "Neutral" rating to an "Underweight" rating.
Deutsche Bank (NYSE:DB) downgraded Unilever NV (UN) from a "Buy" rating to a "Hold" rating.
Bank of America (NYSE:BAC) downgraded HSBC Holdings (HBC) from a "Neutral" rating to an "Underperform" rating.
BP (BP) (EMC) (URBN) (SINA) (CREE) Upgraded
BP Plc (NYSE:BP), EMC Corp. (NYSE:EMC), Urban Outfitters (NASDAQ:URBN), SINA Corp. (NASDAQ:SINA) and Cree Inc. (NASDAQ:CREE) were upgraded by analysts.
Jefferies (NYSE:JEF) upgraded BP (NYSE:BP) from a "Hold" rating to a "Buy" rating.
JPMorgan (NYSE:JPM) upgraded EMC Corp. (EMC) from a "Neutral" rating to an "Overweight" rating.
Wedbush upgraded Urban Outfitters (URBN) from an "Underperform" rating to a "Neutral" rating.
JPMorgan upgraded SINA Corp. (SINA) from a "Neutral" rating to an "Overweight" rating. They have a price target of $79.00 on the company.
Kaufman Brothers upgraded Cree Inc. (CREE) from a "Sell" rating to a "Hold" rating. They have a price target of $24.00 on the company, up from $19.00.
Jefferies (NYSE:JEF) upgraded BP (NYSE:BP) from a "Hold" rating to a "Buy" rating.
JPMorgan (NYSE:JPM) upgraded EMC Corp. (EMC) from a "Neutral" rating to an "Overweight" rating.
Wedbush upgraded Urban Outfitters (URBN) from an "Underperform" rating to a "Neutral" rating.
JPMorgan upgraded SINA Corp. (SINA) from a "Neutral" rating to an "Overweight" rating. They have a price target of $79.00 on the company.
Kaufman Brothers upgraded Cree Inc. (CREE) from a "Sell" rating to a "Hold" rating. They have a price target of $24.00 on the company, up from $19.00.
Maxim (MXIM) (NTSP) (NVDA) (SYKE) (LULU) (PVTB) Ratings, Price Targets
Maxim Integrated Products (NASDAQ: MXIM), NetSpend (NASDAQ: NTSP), NVIDIA (NASDAQ: NVDA), Sykes Enterprises (NASDAQ: SYKE), Lululemon (NASDAQ: LULU) and PrivateBancorp (NASDAQ: PVTB) ratings and price targets.
Maxim Integrated Products (MXIM) had its “Buy” rating reiterated by Goldman Sachs (NYSE:GS). They have a price target of $26.00 on the company.
NetSpend (NTSP) had its “Neutral” rating reiterated by Goldman Sachs.
NVIDIA (NVDA) had its “Underweight” rating reiterated by Evercore Partners. They have a price target of $11.00 on the company.
Sykes Enterprises (SYKE) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Lululemon (LULU) had its price target raised by Barclays Capital (NYSE:BCS) from $58.00 to $68.00. They have an “Overweight” rating on the company.
PrivateBancorp (PVTB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Maxim Integrated Products (MXIM) had its “Buy” rating reiterated by Goldman Sachs (NYSE:GS). They have a price target of $26.00 on the company.
NetSpend (NTSP) had its “Neutral” rating reiterated by Goldman Sachs.
NVIDIA (NVDA) had its “Underweight” rating reiterated by Evercore Partners. They have a price target of $11.00 on the company.
Sykes Enterprises (SYKE) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Lululemon (LULU) had its price target raised by Barclays Capital (NYSE:BCS) from $58.00 to $68.00. They have an “Overweight” rating on the company.
PrivateBancorp (PVTB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Wednesday, January 11, 2012
NuVasive (NUVA) (P) (BTU) (TIBX) (EMC) (ARMH) Get New Coverage
NuVasive (NASDAQ: NUVA), Pandora Media (NYSE: P), Peabody Energy Corp. (NYSE: BTU), TIBCO Software (NASDAQ: TIBX), EMC Corp. (NYSE: EMC) and ARM Holdings (NASDAQ: ARMH) getting new coverage from analysts.
ThinkEquity initiated coverage on NuVasive (NUVA). They placed a “Buy” rating on the company.
Needham & Company initiated coverage on Pandora Media (P). They placed a “Buy” rating and a price target of $13.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Peabody Energy Corp. (BTU). They placed an “Overweight” rating on the company.
Hilliard Lyons initiated coverage on TIBCO Software (TIBX). They placed a “Neutral” rating on the company.
Hilliard Lyons initiated coverage on EMC Corp. (EMC). They placed a “Long-Term Buy” rating and a price target of $31.00 on the company.
Sanford C. Bernstein initiated coverage on ARM Holdings (ARMH). They placed an “Underperform” rating on the company.
ThinkEquity initiated coverage on NuVasive (NUVA). They placed a “Buy” rating on the company.
Needham & Company initiated coverage on Pandora Media (P). They placed a “Buy” rating and a price target of $13.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Peabody Energy Corp. (BTU). They placed an “Overweight” rating on the company.
Hilliard Lyons initiated coverage on TIBCO Software (TIBX). They placed a “Neutral” rating on the company.
Hilliard Lyons initiated coverage on EMC Corp. (EMC). They placed a “Long-Term Buy” rating and a price target of $31.00 on the company.
Sanford C. Bernstein initiated coverage on ARM Holdings (ARMH). They placed an “Underperform” rating on the company.
Monday, January 9, 2012
Humana (HUM) (AXGN) (ATML) (BRFS) (CDE) (DVN) Ratings, Price Targets
Humana (NYSE: HUM), AXOGEN Inc. (NASDAQ: AXGN), Atmel (NASDAQ: ATML), BRF Brasil Foods (NASDAQ: BRFS), Coeur d Alene Mines Corp. (NYSE: CDE) and Devon Energy Co. (NYSE: DVN) ratings and price targets.
Humana (HUM) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
AXOGEN Inc. (AXGN) is now covered by Ladenburg Thalmann. They have a “buy” rating on the firm.
Atmel (ATML) had its price target lowered by FBR Capital from $14.00 to $12.50. They have an “outperform” rating on the firm.
BRF Brasil Foods (BRFS) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “overweight” rating to a “neutral” rating.
Coeur d Alene Mines Corp. (CDE) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating.
Devon Energy Co. (DVN) was upgraded by ISI Group from a “sell” rating to a “hold” rating.
Humana (HUM) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
AXOGEN Inc. (AXGN) is now covered by Ladenburg Thalmann. They have a “buy” rating on the firm.
Atmel (ATML) had its price target lowered by FBR Capital from $14.00 to $12.50. They have an “outperform” rating on the firm.
BRF Brasil Foods (BRFS) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “overweight” rating to a “neutral” rating.
Coeur d Alene Mines Corp. (CDE) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating.
Devon Energy Co. (DVN) was upgraded by ISI Group from a “sell” rating to a “hold” rating.
Corcept (CORT) (SAAS) (PRGS) (RECN) (BLK) (BOH) Ratings, Price Targets
Corcept Therapeutics Incorporated (NASDAQ: CORT), inContact, Inc . (NASDAQ: SAAS), Progress Software (NASDAQ: PRGS), Resources Connection, Inc. (NASDAQ: RECN), BlackRock, Inc. (NYSE: BLK) and Bank of Hawaii Co. (NYSE: BOH) ratings and price targets.
Corcept Therapeutics Incorporated (CORT) is now covered by BioLogic Equity Research. They placed a “Sell” rating on the company.
inContact, Inc. (SAAS) is now covered by Feltl & Co.. They placed a “Buy” rating and a price target of $6.00 on the company.
Progress Software (PRGS) had its price target lowered by Benchmark Co. from $25.00 to $23.00. They have a “Buy” rating on the company.
Resources Connection, Inc. (RECN) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $12.00.
BlackRock, Inc. (BLK) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.
Bank of Hawaii Co. (BOH) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.
Corcept Therapeutics Incorporated (CORT) is now covered by BioLogic Equity Research. They placed a “Sell” rating on the company.
inContact, Inc. (SAAS) is now covered by Feltl & Co.. They placed a “Buy” rating and a price target of $6.00 on the company.
Progress Software (PRGS) had its price target lowered by Benchmark Co. from $25.00 to $23.00. They have a “Buy” rating on the company.
Resources Connection, Inc. (RECN) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $12.00.
BlackRock, Inc. (BLK) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.
Bank of Hawaii Co. (BOH) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.
Hi-Tech (HITK) (BMTI) (MPEL) (GPN) (MCD) (SBNY) Ratings, Price Targets
Hi-Tech (NASDAQ: HITK), BioMimetic Therapeutics, Inc. (NASDAQ: BMTI), Melco Crown Entertainment Limited (NASDAQ: MPEL), Global Payments Inc. (NYSE: GPN), McDonald’s (NYSE: MCD) and Signature Bank (NASDAQ: SBNY) ratings and price targets.
BioMimetic Therapeutics, Inc. (BMTI) had its “Neutral” rating reiterated by JPMorgan Chase & Co. (NYSE:JPM).
Hi-Tech (HITK) is now covered by Canaccord Genuity. They placed a “Buy” rating and a price target of $45.00 on the company.
Melco Crown Entertainment Limited (MPEL) is now covered by Compass Point. They placed a “Neutral” rating and a price target of $8.85 on the company.
Global Payments Inc. (GPN) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
McDonald’s (MCD) had its “Conviction Buy” rating reiterated by Goldman Sachs (NYSE:GS).
Signature Bank (SBNY) is now covered by Deutsche Bank (NYSE:DB). They placed a “Buy” rating on the company.
BioMimetic Therapeutics, Inc. (BMTI) had its “Neutral” rating reiterated by JPMorgan Chase & Co. (NYSE:JPM).
Hi-Tech (HITK) is now covered by Canaccord Genuity. They placed a “Buy” rating and a price target of $45.00 on the company.
Melco Crown Entertainment Limited (MPEL) is now covered by Compass Point. They placed a “Neutral” rating and a price target of $8.85 on the company.
Global Payments Inc. (GPN) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
McDonald’s (MCD) had its “Conviction Buy” rating reiterated by Goldman Sachs (NYSE:GS).
Signature Bank (SBNY) is now covered by Deutsche Bank (NYSE:DB). They placed a “Buy” rating on the company.
JP Morgan (JPM) (BAC) (GS) (MS) (C) Face Crunch Time
With the earnings season kicking in today with the results of Alcoa (NYSE:AA) being released after the close of the market, the big financial institutions like JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are all expected to get crushed.
The best of the bunch is expected to be JPMorgan, even though the numbers are looking dismal, with revenues projected to fall by 12.2 percent to $23.47 billion for the latest quarter. Earngings are also estimated to fall from $1.12 to $0.93 a share, although that could even be optimistic for the giant bank.
Even though financials have been doing pretty good lately, it's likely that will quickly change once earnings reports begin. Possibly getting hit the worst will be shares of Morgan Stanley and Goldman Sachs, which have recently been again downwardly revised.
Lots of bad news has already been included with the share price of Bank of America and Citigroup, but there could just as easily be some surprise there as well.
The best of the bunch is expected to be JPMorgan, even though the numbers are looking dismal, with revenues projected to fall by 12.2 percent to $23.47 billion for the latest quarter. Earngings are also estimated to fall from $1.12 to $0.93 a share, although that could even be optimistic for the giant bank.
Even though financials have been doing pretty good lately, it's likely that will quickly change once earnings reports begin. Possibly getting hit the worst will be shares of Morgan Stanley and Goldman Sachs, which have recently been again downwardly revised.
Lots of bad news has already been included with the share price of Bank of America and Citigroup, but there could just as easily be some surprise there as well.
Altria (MO) (MMP) (MOTR) (ICE) (INTC) (ITW) Downgraded
Altria Group (NYSE: MO), Magellan Midstream (NYSE: MMP), Motricity Inc. (NASDAQ: MOTR), IntercontinentalExchange (NYSE: ICE), Intel (NASDAQ: INTC) and Illinois Tool Works Inc. (NYSE: ITW) were downgraded by analysts.
Magellan Midstream (MMP) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
Altria Group (MO) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.
Motricity Inc. (MOTR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
IntercontinentalExchange (ICE) was downgraded by JPMorgan Chase & Co. from an “Overweight” rating to a “Neutral” rating. They have a price target of $133.00 on the company.
Intel (INTC) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating. They have a price target of $26.00 on the company.
Illinois Tool Works Inc. (ITW) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Magellan Midstream (MMP) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
Altria Group (MO) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.
Motricity Inc. (MOTR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
IntercontinentalExchange (ICE) was downgraded by JPMorgan Chase & Co. from an “Overweight” rating to a “Neutral” rating. They have a price target of $133.00 on the company.
Intel (INTC) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating. They have a price target of $26.00 on the company.
Illinois Tool Works Inc. (ITW) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
RPM (RPM) (RT) (TGT) (APOL) (CLH) (DNDN) Price Targets Changed
RPM International Inc. (NYSE: RPM), Ruby Tuesday (NYSE: RT), Target Corp. (NYSE: TGT), Apollo Group, Inc. (NASDAQ: APOL), Clean Harbors, Inc. (NYSE: CLH) and Dendreon Co. (NASDAQ: DNDN) had price targets on them adjusted by analysts.
RPM International Inc. (RPM) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $23.00.
Ruby Tuesday (RT) had its price target lowered by Morgan Keegan to $9.50.
Target Corp. (TGT) had its price target lowered by JPMorgan Chase & Co. to $55.00.
Apollo Group, Inc. (APOL) had its price target raised by Bank of America (NYSE:BAC) to $62.00.
Clean Harbors, Inc. (CLH) had its price target raised by Wunderlich from $65.00 to $70.00. They have a “Buy” rating on the company.
Dendreon Co. (DNDN) had its price target raised by Bank of America (NYSE:BAC) to $8.00.
RPM International Inc. (RPM) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $23.00.
Ruby Tuesday (RT) had its price target lowered by Morgan Keegan to $9.50.
Target Corp. (TGT) had its price target lowered by JPMorgan Chase & Co. to $55.00.
Apollo Group, Inc. (APOL) had its price target raised by Bank of America (NYSE:BAC) to $62.00.
Clean Harbors, Inc. (CLH) had its price target raised by Wunderlich from $65.00 to $70.00. They have a “Buy” rating on the company.
Dendreon Co. (DNDN) had its price target raised by Bank of America (NYSE:BAC) to $8.00.
Sanofi-Aventis (SNY) (THOR) (APOL) (TCBI) (FRC) (UNTK) Ratings, Price Targets
Sanofi-Aventis (NYSE: SNY), Thoratec (NASDAQ: THOR), Apollo Group, Inc. (NASDAQ: APOL), Texas Capital (NASDAQ: TCBI), First Republic Bank (NYSE: FRC) and UniTek Global Services Inc. (NASDAQ: UNTK) ratings and price targets.
Sanofi-Aventis (SNY) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Thoratec (THOR) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Apollo Group, Inc. (APOL) had its “Neutral” rating reiterated by Sterne Agee.
Texas Capital (TCBI) is now covered by Deutsche Bank (NYSE:DB). They placed a “Hold” rating on the company.
First Republic Bank (FRC) is now covered by Deutsche Bank. They placed a “Hold” rating on the company.
UniTek Global Services Inc. (UNTK) was upgraded by KeyBanc from a “Hold” rating to a “Buy” rating. They have a price target of $8.00 on the company.
Sanofi-Aventis (SNY) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Thoratec (THOR) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Apollo Group, Inc. (APOL) had its “Neutral” rating reiterated by Sterne Agee.
Texas Capital (TCBI) is now covered by Deutsche Bank (NYSE:DB). They placed a “Hold” rating on the company.
First Republic Bank (FRC) is now covered by Deutsche Bank. They placed a “Hold” rating on the company.
UniTek Global Services Inc. (UNTK) was upgraded by KeyBanc from a “Hold” rating to a “Buy” rating. They have a price target of $8.00 on the company.
Friday, January 6, 2012
Optimer (OPTR) (ENDP) (GPN) (MO) (MOTR) (IVR) Ratings, Price Targets
Optimer (NASDAQ: OPTR), Endo Pharmaceuticals (NASDAQ: ENDP), Global Payments Inc. (NYSE: GPN), Altria Group (NYSE: MO), Motricity Inc. (NASDAQ: MOTR) and Invesco Mortgage Capital Inc. (NYSE: IVR) ratings and price targets.
Optimer (OPTR) had its “buy” rating reiterated by Needham & Company.
Endo Pharmaceuticals (ENDP) is now covered by ThinkEquity. They have a “buy” rating on the company.
Global Payments Inc. (GPN) had its “buy” rating reiterated by Jefferies Group.
Altria Group (MO) was downgraded by Davenport from a “buy” rating to a “neutral” rating.
Motricity Inc. (MOTR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “overweight” rating to a “neutral” rating.
Invesco Mortgage Capital Inc. (IVR) was upgraded by Guggenheim from a “neutral” rating to a “buy” rating.
Optimer (OPTR) had its “buy” rating reiterated by Needham & Company.
Endo Pharmaceuticals (ENDP) is now covered by ThinkEquity. They have a “buy” rating on the company.
Global Payments Inc. (GPN) had its “buy” rating reiterated by Jefferies Group.
Altria Group (MO) was downgraded by Davenport from a “buy” rating to a “neutral” rating.
Motricity Inc. (MOTR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “overweight” rating to a “neutral” rating.
Invesco Mortgage Capital Inc. (IVR) was upgraded by Guggenheim from a “neutral” rating to a “buy” rating.
ACADIA (ACAD) (AVAV) (FLY) (BA) (BYD) (CECO) Ratings, Price Targets
ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), AeroVironment (NASDAQ: AVAV), Fly Leasing Ltd (NYSE: FLY), The Boeing Company (NYSE: BA), Boyd Gaming (NYSE: BYD) and Career Education Corp. (NASDAQ: CECO) ratings and price targets.
ACADIA Pharmaceuticals Inc. (ACAD) had its “hold” rating reiterated by Needham & Company.
AeroVironment (AVAV) is now covered by Sterne Agee. They have an “underperform” rating on the company.
Fly Leasing Ltd (FLY) is now covered by Morgan Stanley (NYSE:MS). They have an “equal weight” rating on the company.
The Boeing Company (BA) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $85.00.
Boyd Gaming (BYD) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They have a price target of $5.00 on the company.
Career Education Corp. (CECO) was downgraded by Argus from a “buy” rating to a “hold” rating.
ACADIA Pharmaceuticals Inc. (ACAD) had its “hold” rating reiterated by Needham & Company.
AeroVironment (AVAV) is now covered by Sterne Agee. They have an “underperform” rating on the company.
Fly Leasing Ltd (FLY) is now covered by Morgan Stanley (NYSE:MS). They have an “equal weight” rating on the company.
The Boeing Company (BA) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $85.00.
Boyd Gaming (BYD) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They have a price target of $5.00 on the company.
Career Education Corp. (CECO) was downgraded by Argus from a “buy” rating to a “hold” rating.
Volcano (VOLC) (WBS) (YHOO) (ARB) (ATW) (AZN) Downgraded
Volcano (NASDAQ: VOLC), Webster Financial Corp. (NYSE: WBS), Yahoo! Inc. (NASDAQ: YHOO), Arbitron Inc. (NYSE: ARB), Atwood Oceanics, Inc. (NYSE: ATW) and AstraZeneca (NYSE: AZN) were downgraded by analysts.
Volcano (VOLC) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
Webster Financial Corp. (WBS) was downgraded by Sandler O'Neill to a “Hold” rating.
Yahoo! Inc. (YHOO) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Arbitron Inc. (ARB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Atwood Oceanics, Inc. (ATW) was downgraded by Global Hunter Securities from a “Buy” rating to an “Accumulate” rating. They have a price target of $47.00 on the company, down from $54.00.
AstraZeneca (AZN) was downgraded by JPMorgan Chase & Co. from a “Neutral” rating to an “Underweight” rating.
Volcano (VOLC) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
Webster Financial Corp. (WBS) was downgraded by Sandler O'Neill to a “Hold” rating.
Yahoo! Inc. (YHOO) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Arbitron Inc. (ARB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Atwood Oceanics, Inc. (ATW) was downgraded by Global Hunter Securities from a “Buy” rating to an “Accumulate” rating. They have a price target of $47.00 on the company, down from $54.00.
AstraZeneca (AZN) was downgraded by JPMorgan Chase & Co. from a “Neutral” rating to an “Underweight” rating.
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