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Limited Brands, Inc.’s (LTD) Coverage Initiated With A Buy Rating
Tuesday, February 23, 2010 - 4:52pm | 114Analysts Roxanne Meyer and Janice Ong at UBS (NYSE: UBS) have initiated coverage for Limited Brands, Inc. (NYSE: LTD) with a Buy rating, in a report released yesterday. Analysts have set a 12-month price target of $25 for the Limited Brands, Inc. stock. Analysts believe the company’s focus on...
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Semiconductor Industry Update (XLNX, NVDA, ADI, AMD, INTC)
Tuesday, February 23, 2010 - 4:31pm | 246Analysts at UBS (NYSE: UBS) have an update on the Semiconductor industry in a report released yesterday. Analyst expect Xilinx, Inc. (NASDAQ: XLNX) to raise its target model from 63%-65% gross margin. Analysts believe that the company can achieve this target in the March quarter. Analysts at UBS...
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Celera Corporation’s (CRA) Disclosure Of A Litigation Could Have A Material Impact On Business
Tuesday, February 23, 2010 - 4:26pm | 164Analysts at UBS (NYSE: UBS) have an update on Celera Corporation (NASDAQ: CRA) in a report released yesterday. The company disclosed on Friday that its subsidiary Berkeley Heartlab has filed litigation against Health Diagnostic Laboratory. According to litigation, Health Diagnostic Laboratory,...
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Financial Services Industry Appointments (C, UBS)
Tuesday, February 23, 2010 - 11:57am | 143Peak Ridge Capital Group, an asset management company, has appointed Gary King as senior strategic advisor for the Middle East, and North Africa Region. King joins the company after a stint at the Dubai Mercantile Exchange. Bank of Singapore, which is a subsidiary of OCBC Bank, appointed Robin...
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Company News for February 23, 2010 - Corporate Summary
Tuesday, February 23, 2010 - 9:12am | 285• Home Depot (NYSE:HD) announced its first dividend increase since 2006 after reporting better-than-expected earnings of 24 cents a share, versus Zacks consensus of 16 cents a share, on revenues of $14.57 billion, ahead of Zacks estimates of $14.05 billion. The company said it sees 2010 earnings...
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Specialty Retail Sector Update (ANN, TLB, URBN, AEO, ARO)
Monday, February 22, 2010 - 7:26pm | 128Analyst Roxanne Meyer at UBS (NYSE: UBS) has released an update on the Specialty Retail sector. According to UBS, markdowns are down for about 50% of retailers in its coverage compared to last year. UBS believes that while there are some markdowns on early spring goods, they are not as aggressive...
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Electrical Equipment & Multi-Industry Update (ITRI, CFX, RAIL)
Monday, February 22, 2010 - 7:11pm | 119Analysts at UBS (NYSE: UBS) have released an update on Electrical Equipment & Multi-Industry. Among the companies in the sector, Itron, Inc. (NASDAQ: ITRI), Colfax Corporation (NYSE: CFX), and FreightCar America, Inc. (NASDAQ: RAIL) reported earnings last week. According to analysts, the...
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Weekly Refining Margin Monitor (CVX, HES)
Monday, February 22, 2010 - 7:09pm | 115Analysts at UBS (NYSE: UBS) have released the weekly refining margin monitor for the US. According to the analysts, refining margins strengthened as gasoline prices outpaced crude oil. The weekly US composite margins rose $0.49/Bbl to $6.21/Bbl. Commodity prices were strong on the back of positive...
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US Equity Strategy (BRK.A)
Monday, February 22, 2010 - 7:05pm | 122Analysts at UBS (NYSE: UBS) have raised the 2010 S&P EPS estimate from $81 to $83, which is 5% above the consensus estimate. The main reasons for the EPS revisions given by the analysts at UBS are rise in 2010 real GDP growth forecast from 2.6% to 3%, strong capacity utilization, ISM &...
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Key Energy Services, Inc. (KEG) Upgraded To Buy
Monday, February 22, 2010 - 7:01pm | 120Analysts Andre Coleman and David Deckelbaum at UBS (NYSE: UBS) have upgraded Key Energy Services, Inc. (NYSE: KEG) from a Neutral to a Buy rating. The price target for the company has been raised from $9.50 to $12.50. The company is expecting a 20%-30% growth in revenue due to additions made in...
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U.S. Equity Movers & Shakers: (HS, HUM, UNH, ENDP, AIG)
Monday, February 22, 2010 - 1:55pm | 512Bloomberg reported that the following companies’ stocks showed unusual movement in early morning trading today. Prices are as of 11 a.m., New York time. Humana, Inc. (NYSE: HUM) gained 3.6% to $46.97. Healthspring, Inc. (NYSE: HS) rose 3.7% to $18.66. UnitedHealth Group Inc. (NYSE: UNH) climbed...
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Schlumberger (SLB) Announces Acquisition Of Smith (SII) In A $11 Billion Deal
Monday, February 22, 2010 - 1:44pm | 289Schlumberger (NYSE: SLB) announced acquisition plans for Smith International, Inc. (NYSE: SII) worth $11 billion in an all-stock deal, as reported by the Wall Street Journal. It is the biggest deal to be announced till now, this year, in the U.S. It will also strengthen Schlumberger’s position as...
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Obscure Debt Deals Of Euro Zone Governments Raise Concerns (GS, DB)
Monday, February 22, 2010 - 11:55am | 446The euro zone, which is having a tough time with the crisis in Greece, and the possible risk of contagion spreading to other fragile euro zone economies, has now landed into fresh round of trouble, according to a wall street journal report. According to the report, some euro zone economies have...
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Barron’s Top 1000 Advisors For 2010 (WFC, MS, UBS)
Saturday, February 20, 2010 - 2:07pm | 125Barron’s has come up with its annual Top financial advisors list. Most of the top ranking advisors are from big firms like Merrill Lynch, Wells Fargo (NYSE: WFC) and Morgan Stanley (NYSE: MS). Another notable common feature is that the majority of the advisors are well-seasoned professionals with...
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More Regional Banks Ready To Repay TARP; Credit Suisse (CS)
Friday, February 19, 2010 - 10:38pm | 123In a recently released report, Credit Suisse (NYSE: CS) has stated that more regional banks are now willing to repay TARP funds. According to the report, Regional banks are now deploying capital into acquisitions. Credit Suisse (CS) said that the Supervisory Capital Assessment Program-tested banks...