Analysts from Janney Montgomery Scott gave some fuel to Kinder Morgan Energy Partners LP (NYSE: KMP), initiating coverage on them with a "Buy" rating.
The "Buy" rating did little for Kinder Morgan Monday, as the market wasn't too interested in the company, with volume down almost 20 percent from the 3-month daily average.
The stock also traded in a tight range of $72.71 - $73.36.
Shares of Kinder Morgan closed down Monday at $73.19, dropping $0.31, or 0.42 percent. In after hours trading the company took some more damage, falling another $0.30 a share, to $72.89.
Kinder Morgan Energy Partners, L.P. owns and participates in the management of energy transportation and storage assets.
Showing posts with label Janney Montgomery Scott. Show all posts
Showing posts with label Janney Montgomery Scott. Show all posts
Tuesday, May 24, 2011
Thursday, April 28, 2011
Golub (GBDC) (HTGC) (NTSP) (QCOM) Get Coverage Initiations from Analysts
Golub Capital BDC LLC (NASDAQ: GBDC), Hercules Tech. (NASDAQ: HTGC), NetSpend (NASDAQ: NTSP) and QUALCOMM, Inc. (NASDAQ: QCOM) now getting coverage initiated by these analysts.
UBS AG (NYSE:UBS) initiated coverage on Golub Capital BDC LLC (GBDC). They set a “Buy” rating and a price target of $17 on the company.
Janney Montgomery Scott initiated coverage on Hercules Tech. (HTGC). They started with a “Buy” rating on the stock.
Barrington Research initiated coverage on NetSpend (NTSP). They started with an “Outperform” rating and a price target of $16 on the business.
ThinkEquity initiated coverage on QUALCOMM, Inc. (QCOM). They started with a “Buy” rating and a price target of $5.00 on the stock.
UBS AG (NYSE:UBS) initiated coverage on Golub Capital BDC LLC (GBDC). They set a “Buy” rating and a price target of $17 on the company.
Janney Montgomery Scott initiated coverage on Hercules Tech. (HTGC). They started with a “Buy” rating on the stock.
Barrington Research initiated coverage on NetSpend (NTSP). They started with an “Outperform” rating and a price target of $16 on the business.
ThinkEquity initiated coverage on QUALCOMM, Inc. (QCOM). They started with a “Buy” rating and a price target of $5.00 on the stock.
Wednesday, April 27, 2011
CenterState (CSFL) (GIB) (HSP) (LXK) (NWBI) Get Ratings Downgrades
CenterState Banks, Inc. (NASDAQ: CSFL), CGI Group Inc (NYSE: GIB), Hospira, Inc. (NYSE: HSP), Lexmark International, Inc. (NYSE: LXK) and Northwest Bancshares, Inc. (NASDAQ: NWBI) get downgraded by analysts.
Raymond James (NYSE:RJF) downgraded CenterState Banks, Inc. (CSFL) from an “Outperform” rating to a “Market Perform” rating.
Wells Fargo & Co. (NYSE:WFC) downgraded CGI Group Inc (GIB) from an “Outperform” rating to a “Market Perform” rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a “Hold” rating to a “Sell” rating. They set a price target of $1 on the company, down from $54.
Brean Murray downgraded Lexmark International, Inc. (LXK) from a “Buy” rating to a “Hold” rating.
Janney Montgomery Scott downgraded Northwest Bancshares, Inc. (NWBI) from a “Buy” rating to a “Neutral” rating.
Raymond James (NYSE:RJF) downgraded CenterState Banks, Inc. (CSFL) from an “Outperform” rating to a “Market Perform” rating.
Wells Fargo & Co. (NYSE:WFC) downgraded CGI Group Inc (GIB) from an “Outperform” rating to a “Market Perform” rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a “Hold” rating to a “Sell” rating. They set a price target of $1 on the company, down from $54.
Brean Murray downgraded Lexmark International, Inc. (LXK) from a “Buy” rating to a “Hold” rating.
Janney Montgomery Scott downgraded Northwest Bancshares, Inc. (NWBI) from a “Buy” rating to a “Neutral” rating.
Tuesday, April 26, 2011
MGM Resorts (MGM) (LLL) (MO) (NFLX) Downgraded April 26
Shares of MGM Resorts (NYSE: MGM), L-3 Communications (NYSE: LLL), Altria Group (NYSE: MO) and Netflix, Inc. (NASDAQ: NFLX) were all downgraded by several brokerages on April 26.
BB&T (NYSE:BBT) downgraded L-3 Communications (LLL) from a “Buy” rating to a “Hold” rating.
Credit Suisse (NYSE:CS) downgraded MGM Resorts (MGM) from a “Neutral” rating to an “Underperform” rating. They have a price target of $11.00 MGM, down from the previous $14.
Argus downgraded Altria Group (MO) from a “Buy” rating to a “Hold” rating.
Janney Montgomery Scott downgraded Netflix, Inc. (NFLX) from a “Neutral” rating to a “Sell” rating. They have a price target of $170.00 on Netflix.
BB&T (NYSE:BBT) downgraded L-3 Communications (LLL) from a “Buy” rating to a “Hold” rating.
Credit Suisse (NYSE:CS) downgraded MGM Resorts (MGM) from a “Neutral” rating to an “Underperform” rating. They have a price target of $11.00 MGM, down from the previous $14.
Argus downgraded Altria Group (MO) from a “Buy” rating to a “Hold” rating.
Janney Montgomery Scott downgraded Netflix, Inc. (NFLX) from a “Neutral” rating to a “Sell” rating. They have a price target of $170.00 on Netflix.
Wednesday, January 12, 2011
AnnTaylor Stores (NYSE:ANN) Selloff Overdone Say Janney Montgomery Scott
AnnTaylor Stores (NYSE:ANN) sold off about 6 percent of what appears to be a read-through trade based on the slashing of guidance by Talbots (NYSE:TLB).
JMS says, "On January 11, ANN sold off roughly 6% on what we believe was a read-through trade from the dramatically lowered guidance issued by Talbots (NYSE:TLB). TLB commented specifically on not seeing improvements in weeks 4 and 5 of December as they went deeper into promotions. We believe it is important to note that the issues faced by TLB appear to be company-specific issues with merchandise and promotions; as such, we would use the recent sell-off to accumulate shares of ANN...We do not see risk to our and the consensus estimate of $0.14 for 4Q10 and believe there could be potential for upside. We are also comfortable with our FY2011 EPS estimate of $1.66 versus the street at $1.63."
Janney Montgomery Scott maintains a "Buy" rating on AnnTaylor Stores, which was trading at $24.24, up $1.60, or 7.11 percent, as of 12:43 PM EST. Talbots was trading at $6.12, down $0.12, or 1.92 percent. Janney has a price target on AnnTaylor of $32.
JMS says, "On January 11, ANN sold off roughly 6% on what we believe was a read-through trade from the dramatically lowered guidance issued by Talbots (NYSE:TLB). TLB commented specifically on not seeing improvements in weeks 4 and 5 of December as they went deeper into promotions. We believe it is important to note that the issues faced by TLB appear to be company-specific issues with merchandise and promotions; as such, we would use the recent sell-off to accumulate shares of ANN...We do not see risk to our and the consensus estimate of $0.14 for 4Q10 and believe there could be potential for upside. We are also comfortable with our FY2011 EPS estimate of $1.66 versus the street at $1.63."
Janney Montgomery Scott maintains a "Buy" rating on AnnTaylor Stores, which was trading at $24.24, up $1.60, or 7.11 percent, as of 12:43 PM EST. Talbots was trading at $6.12, down $0.12, or 1.92 percent. Janney has a price target on AnnTaylor of $32.
Tuesday, January 4, 2011
Quaker Chemical Corporation (NYSE:KWR) Turnaround Looks Solid
Janney Montgomery Scott says Quaker Chemical Corporation's (NYSE:KWR) turnaround appears sustainable, and add to that their acquisition of Summit Lubricants Inc., and long-term growth looks pretty good for them.
Janney noted, "Quaker will be selling the Summit product line into its steel, metalworking, and mining customers. Summit will manufacture Quaker's existing line of grease products that are currently outsourced."
They're raising their full year 2011 EPS estimate from $3.30 to $3.37.
Janney Montgomery Scott reiterates their "Buy" rating on Quaker Chemical Corporation, which closed Monday at $43.42, gaining $1.75, or 4.20 percent. They raised their price target on Quaker from $44 to $52.50.
Janney noted, "Quaker will be selling the Summit product line into its steel, metalworking, and mining customers. Summit will manufacture Quaker's existing line of grease products that are currently outsourced."
They're raising their full year 2011 EPS estimate from $3.30 to $3.37.
Janney Montgomery Scott reiterates their "Buy" rating on Quaker Chemical Corporation, which closed Monday at $43.42, gaining $1.75, or 4.20 percent. They raised their price target on Quaker from $44 to $52.50.
Monday, December 13, 2010
Green Mountain Coffee Roasters (NASDAQ:GMCR) Fundamentals As Good As They've Been
Janney Montgomery Scott said that after guidance in some areas of the company were lowered at Green Mountain Coffee Roasters (NASDAQ:GMCR) by management, it's sure to result in some pullback. But they assert investors should buy on the lows when they occur, as the underlying fundamentals are as good as they've ever been for the company.
"... management pulled back on some guidance metrics, undoubtedly driven by the current events, which will likely be interpreted negatively. We believe the weakness in the stock after hours provides an attractive entry point with a fundamental backdrop that has never been better...We are raising our FY11 EPS estimate to $1.24 (from $1.23); management lowered the bottom end of its FY11 EPS guidance by a nickel ($1.19 to $1.29). We are introducing our FY12 EPS estimate of $2.00," said Janney.
Janney Montgomery Scott reiterates a "Buy" rating on Green Mountain Coffee Roasters, which closed Friday at $33.81, down $3.61, or 9,65 percent. Janney has a price target of $50 on them.
"... management pulled back on some guidance metrics, undoubtedly driven by the current events, which will likely be interpreted negatively. We believe the weakness in the stock after hours provides an attractive entry point with a fundamental backdrop that has never been better...We are raising our FY11 EPS estimate to $1.24 (from $1.23); management lowered the bottom end of its FY11 EPS guidance by a nickel ($1.19 to $1.29). We are introducing our FY12 EPS estimate of $2.00," said Janney.
Janney Montgomery Scott reiterates a "Buy" rating on Green Mountain Coffee Roasters, which closed Friday at $33.81, down $3.61, or 9,65 percent. Janney has a price target of $50 on them.
Tuesday, December 7, 2010
Fairchild Semi (NYSE:FCS) Boosted to "Buy" from Janney Montgomery Scott
Saying that most of the issues related to credit for Fairchild Semi (NYSE:FCS) have been resolved, Janney Montgomery Scott bumped up their rating on them to a "Buy."
JMS said, "4Q10 results were below expectations on weakening credit and shares were down on the results. We are lowering our FY11 estimates to reflect the increase in non-accruals but believe the company has worked through most of its credit issues. We are raising our rating to BUY based on Fifth Street's strong NII growth potential and discount valuation to its peers. Our primary concern with the name has been the estimates below company's ability to grow the reflect our projected Net portfolio and drive NII in line with Interest Income (NII) per the dividend. Fifth Street has share significantly upgraded its infrastructure, adding both."
Fairchild closed Monday at $15.31, up by $0.29, or 1.93 percent. Janney has a price target of $12.50 on them.
JMS said, "4Q10 results were below expectations on weakening credit and shares were down on the results. We are lowering our FY11 estimates to reflect the increase in non-accruals but believe the company has worked through most of its credit issues. We are raising our rating to BUY based on Fifth Street's strong NII growth potential and discount valuation to its peers. Our primary concern with the name has been the estimates below company's ability to grow the reflect our projected Net portfolio and drive NII in line with Interest Income (NII) per the dividend. Fifth Street has share significantly upgraded its infrastructure, adding both."
Fairchild closed Monday at $15.31, up by $0.29, or 1.93 percent. Janney has a price target of $12.50 on them.
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