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Citi Lowers Price Target for T Rowe Price, Still Rates Buy (TROW)
Friday, June 18, 2010 - 9:21am | 79Citi analyst William Katz reaffirmed a Buy rating for T Rowe Price Group (NASDAQ: TROW), while lowering EPS to $57.00 from $60.00. According to Katz, upsides for T Rowe Price include: "1) TROW well positioned to outgrow sector organically; and 2) buyback likely dominant liquidity/FCF theme" Risks...
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Benzinga’s Top Downgrades (LNCR, NVE, MTB, BEN)
Friday, June 18, 2010 - 7:25am | 156Lincare Holdings Inc (NASDAQ: LNCR) was downgraded by Jefferies from “buy” to “hold.” LNCR’s shares closed at $32.27 yesterday. Lincare Holdings’ earnings may fell by 34.57% this year. Oppenheimer downgraded NV Energy Inc (NYSE: NVE) from “outperform” to “perform.” NVE’s shares closed at $12.72...
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Goldman Downgrades BEN To Neutral
Friday, June 18, 2010 - 6:09am | 52Analysts at Goldman Sachs downgrade Franklin Resources Inc (NYSE: BEN) from "buy" to "neutral." The target price for BEN has been reduced from $120 to $105. BEN’s shares dipped 1.05% to close at $93.10 yesterday. More Analyst Ratings here
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Harami Print 06-17-2010
Thursday, June 17, 2010 - 2:57pm | 790Cusick’s Corner With the Claims numbers worse than expected, the market has been holding up pretty well. This could be in part because the Euro is holding above $1.23. What is making me a little suspect of a continuation is that there was a Harami print yesterday. Take a look at the SPY day chart...
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Top 4 Small-Cap NASDAQ Stocks In The Financial Sector With The Highest Cash (IBKR, PNSN, BPOP, ESGR)
Thursday, June 17, 2010 - 7:02am | 136Below are the top 4 small-cap financial stocks on the NASDAQ in terms of cash. Interactive Brokers Group Inc (NASDAQ: IBKR) had $23.73 billion of cash in the latest quarter, while its debt liabilities stood at $624.22 million. Penson Worldwide Inc (NASDAQ: PNSN) had $5.20 billion of cash and $161....
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Top 4 Mid-Cap NYSE Stocks In The Financial Sector With The Highest Return On Equity (ADS, EV, FII, WDR)
Thursday, June 17, 2010 - 6:52am | 131Below are the top 4 mid-cap financial stocks on the NYSE in terms of ROE. Alliance Data Systems Corp (NYSE: ADS) has a trailing-twelve-month ROE of 100.11%. ADS’ quarterly earnings grew by 67.50% year-over-year. Eaton Vance Corp (NYSE: EV) has a trailing-twelve-month ROE of 49.55%. EV’s quarterly...
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ETF Securities Gold ETF Surpasses $500M In Assets
Wednesday, June 16, 2010 - 3:05pm | 154The ETFS Physical Swiss Gold Shares ETF (NYSE: SGOL), an ETF backed by physical gold issued by ETF Securities, surpassed $500 million in assets under management on June, according to ETF Securities. ETF Securities says it believes most of the new investor inflows to SGOL may have been driven by a...
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Wells Fargo Ups TROW To Outperform
Tuesday, June 15, 2010 - 6:50am | 46Analysts at Wells Fargo Securities upgrade T Rowe Price Group Inc (NASDAQ: TROW) from "market perform" to "outperform." TROW’s shares dropped 0.92% to close at $49.38 yesterday. More Analyst Ratings here
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Company News for June 14, 2010 - Corporate Summary
Monday, June 14, 2010 - 9:39am | 160• Cablevision (NYSE:CVC) said it agreed to buy privately-owned Bresnan Communications for $1.36 billion • RailAmerica (NYSE:RA) reported its June car loads improved 9.1% YoY from May levels • FBR upgraded T Rowe Price (NASDAQ:TROW) from "market perform" to "outperform," raising the price target...
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BlackRock Announces A 10-for-1 Share Split Of The Gold ETF (IAU)
Friday, June 11, 2010 - 5:14pm | 182BlackRock, Inc. (NYSE:BLK) today announced that the Board of Directors of BlackRock Asset Management International Inc., sponsor of the iShares® COMEX® Gold Trust (NYSE:IAU)(...)Read the rest of BlackRock Announces A 10-for-1 Share Split Of The Gold ETF (IAU) Copyright 2010 ETFDAILYNEWS.COM The...
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Jefferies Lowers Invesco (IVZ) Price Target But Likes Long Term Outlook
Thursday, June 10, 2010 - 10:19am | 211Jefferies & Company analysts Daniel T. Fannon and Surinder Thind maintained their Buy rating for shares of Invesco Plc (NYSE: IVZ) and lowered the price target to $25 per share, down from the previous price target of $27 per share. The analysts said that Invesco's long term fundamentals were...
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Weaker Markets Lead To Lower AUM At Franklin Resources (BEN)
Wednesday, June 9, 2010 - 12:07pm | 148Deutsche Bank (NYSE: DB) released a client note today on Franklin Resources (NYSE: BEN). The analysts wrote that the pull back in equity markets has led to a 4.9% sequential decline in month-end assets under management. According to the report, "while it is difficult to estimate flows in a given...
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INSIDER BUYING FALLS ON THE WEEK
Tuesday, June 8, 2010 - 1:36am | 228Insiders have turned a bit more cautious according to recent data. The 4 week average in buying dipped a bit to $32.37MM from $37.1MM. Sellers remained extremely heavy as insiders sold over $735MM in stock. Sellers have been extremely high in comparison to buyers throughout the entirety of the...
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Citi Rates Och-Ziff Capital (OZM) High Risk
Monday, June 7, 2010 - 2:04pm | 159Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated the Och-Ziff Capital Management Group (NYSE: OZM) a High Risk, with a price target of $22 per share. The analysts said that the three biggest risks facing Och-Ziff Capital Management Group were the company's...
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Citi Rates Legg Mason (LM) Medium Risk
Monday, June 7, 2010 - 1:55pm | 139Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Legg Mason Inc (NYSE: LM) a Medium Risk, with a target price of $41 per share. The analysts said that Legg Mason's recent outflows were offset by the company's diversification in stocks, fixed income...