PiperJaffray upgrades Starbucks to 'Overweight' from 'Neutral' on improved sales outlookSeptember 18th, 2009 PiperJaffray upgrades Starbucks to 'Overweight'SAN FRANCISCO — A PiperJaffray analyst upgraded the shares of Starbucks to "Overweight" from "Neutral" based on the expectations that sales results at stores open at least a year will improve. PiperJaffray's Nicole Miller Regan said a trend of moderate improvement in same-store sales results will generate "margin expansion in an already cost-cutting phase."
Regan expects 2009 profit of 75 cents per share, a penny lower than the 76 cent per share consensus estimate of analysts surveyed by Thomson Reuters.
Analyst upgrades shares of Avery Dennison on expectations that investors will start buyingSeptember 11th, 2009 Ahead of the Bell: Avery Dennison shares upgradedNEW YORK — Avery Dennison Corp. is cutting costs, reducing debt and improving cash flow, an analyst said Friday as he upgraded shares of the adhesive label maker and office supplies provider.
Battery maker Exide Technologies rises as analyst rates the stock "Outperform"September 10th, 2009 Analyst rates Exide Technologies stock highlyNEW YORK — Shares of Exide Technologies rose Thursday after an analyst began covering the battery maker with an "Outperform" rating on the stock and expectations of a successful restructuring. Wedbush Morgan analyst Craig Irwin, who also set a $13 price target on the stock, said the Milton, Ga.-based company is "well positioned to resume its successful restructuring with management's recent closure of plants in France and the U.K., and other actions matching production to lower unit demand."
Also, Exide's integration with battery recycling smelters in North America is a key strategic asset that can allow lower cost commodity procurement, while competitors largely acquire lead from third parties, Irwin said in a client note.
Analyst upgrades MasterCard on improving economy, says consumer spending unlikely to get worseSeptember 9th, 2009 Analyst upgrades MasterCard on improving economyNEW YORK — A Citi Investment Research analyst upgraded MasterCard Inc. Wednesday, writing in a note to investors that a negative adjustment in consumer spending is largely over.
LTX Credence shares rise after Needham analyst upgrades stock to 'strong buy'September 4th, 2009 LTX Credence shares soar after analyst upgradeSAN FRANCISCO — Shares of LTX Credence Corp. climbed Friday after a Needham Co.
Russian oil major Lukoil's net profit falls 44 percent in Q2 but beats analyst estimatesAugust 28th, 2009 Lukoil's Q2 net profit down 44 percentMOSCOW — Lukoil, Russia's largest private oil company, on Friday posted a 44 percent drop in net profit for the second quarter due to lower oil prices, but still beat analyst expectations. Net income fell to $2.3 billion from $4.1 billion a year earlier, the company said in a statement.
Canadian big banks continue to avoid crisis and top expectationsAugust 28th, 2009 Canadian big banks top expectationsTORONTO — Canada's major banks continue to show they largely avoided the financial meltdown experienced by banks south of the border and overseas. Canada's big five banks reported quarterly results this week and together they earned a combined total of $4.4 billion Canadian ($4 billion) in the third quarter, up $500 million Canadian ($458 million) from $3.9 billion Canadian ($3.6 billion) a year earlier.
Ann Taylor, Smucker, Genzyme, Intuit, DR Horton are among big market movers FridayAugust 21st, 2009 Ann Taylor, Smucker, Genzyme are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
Ann Taylor Stores Corp., up 62 cents at $13.44
The New York-based clothing retailer posted a second-quarter loss as sales fell and the retailer recorded restructuring costs. J.M. Smucker Co., up $2.22 at $54.10
The maker of jams, jellies and Jif peanut butter said its fiscal first-quarter profit more than doubled and beat expectations.
Analyst sees Limited beating expectations in 2Q, but doesn't see recovery until later in yearAugust 19th, 2009 Analyst sees Limited Brands recovery in 4QNEW YORK — Specialty retailer Limited Brands Inc. reports fiscal second-quarter results after the market closes Wednesday, but one analyst said she doesn't expect markedly improved results until the fourth quarter.
Military radio maker Harris surges after analyst upgrades shares on strong Pentagon prospectsAugust 13th, 2009 Analyst upgrades military radio maker HarrisNEW YORK — Military radio maker Harris Corp. shares surged Thursday after an analyst upgraded the stock on growing evidence that sales to the Pentagon will increase.
Sprint Nextel shares climb modestly as analyst upgrades, seeing lower subscriber lossJuly 6th, 2009 Sprint Nextel shares rise as analyst upgradesNEW YORK — Shares of Sprint Nextel Corp. climbed modestly Monday afternoon after an analyst with Auriga USA LLC upgraded the wireless provider, citing improved expectations for subscriber losses.
Yum Brand shares jump after Goldman upgrades restaurant chain to 'Buy' from 'Neutral'July 1st, 2009 Yum shares jump after Goldman upgrades to 'Buy'NEW YORK — Yum Brands Inc. shares jumped 6 percent on Wednesday after a Goldman Sachs analyst upgraded the stock to "Buy" from "Neutral," based on a more positive outlook for the company's earning potential in the next year.
Analyst keeps Bally Technologies as top pick, says company's stock is undervaluedJune 26th, 2009 Analyst keeps Bally Technologies as top pickNEW YORK — A Morgan Joseph analyst said Friday that Bally Technologies Inc. remains his top pick, saying that the slot machine maker's stock is undervalued.
Bank of America shares surge ahead of stress test results; 2 analysts upgrade stockMay 9th, 2009 Bank of America surges before stress test resultsNEW YORK — Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a pair of analyst upgrades.
Target's same-store sales edge up in April, company predicts better-than-expected 1Q earningsMay 8th, 2009 Target same-store sales edge up in AprilMINNEAPOLIS — Target says same-store sales edged up 0.3 percent in April and it predicted first-quarter results will likely beat expectations. Analysts had expected same-store sales at the discount retailer to rise 0.4 percent.
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