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Scotia Capital Discusses American Movil
Wednesday, August 3, 2011 - 9:09am | 97Scotia Capital has a Sector Perform and a $31 price target on shares of America Movil (NYSE: AMX). In a note to clients, Scotia Capital writes, "Yesterday, America Movil made an offer to acquire a 40% stake in Telmex, which would imply full ownership on this name. The price offered (MXN10.50 per L...
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Piper Jaffray Reiterates Overweight and PT of $59 on American Tower
Wednesday, August 3, 2011 - 8:51am | 56Piper Jaffray reiterated its Overweight rating on American Tower (NYSE: AMT). At the same time, the rating agency left its price target on the company's stock unchanged at $59. On Tuesday, AMT closed the day at $50.50. Its shares added 0.99% to their value in today's pre-market trading to stand...
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UPDATE: Deutsche Bank Lowers PT on Metro PCS from $23 to $20
Wednesday, August 3, 2011 - 8:19am | 142Deutsche Bank has published a report on Metro PCS (NYSE: PCS) lowering the price target. In the report, Deutsche Bank wrote, "PCS declined 37% yesterday on weak churn trends and concerns about the value (or lack thereof) of smartphone adoption. We recognize these concerns and have reduced our ests...
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Morgan Stanley Lowers PT on MetroPCS To $15
Wednesday, August 3, 2011 - 8:00am | 26Morgan Stanley has lowered the price target on MetroPCS (NYSE: PCS) from $17 to $15 and maintains its Equal-weight rating.
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Deutsche Bank Reiterates Buy and PT of $62 on American Tower
Wednesday, August 3, 2011 - 7:58am | 48Deutsche Bank reiterated its Buy rating on American Tower (NYSE: AMT). at the same time, the rating agency left its price target on the company's stock unchanged at $62. On Tuesday, AMT lost 3.81% of its value to end the day at $50.50.
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Benzinga's Top Downgrades
Wednesday, August 3, 2011 - 7:58am | 127MetroPCS Communications Inc (NYSE: PCS) was downgraded by Robert W. Baird from "outperform" to "neutral." PCS' shares closed at $10.26 yesterday. PCS' trailing-twelve-month profit margin is 5.29%. Rodman & Renshaw downgraded Exact Sciences Corporation (NASDAQ: EXAS) from “market outperform” to...
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Deutsche Bank Reiterates Buy and PT of $54 on SBA Communications
Wednesday, August 3, 2011 - 7:53am | 48Deutsche Bank reiterated its Buy rating on SBA Communications (NASDAQ: SBAC). At the same time, the rating agency left its price target on the company's stock unchanged at $54. On Tuesday, SBAC lost 2.63% of its value to finish the day at $37.39.
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Deutsche Bank Lowers PT on MetroPCS To $20
Wednesday, August 3, 2011 - 7:32am | 26Deutsche Bank has lowered the price target on MetroPCS (NYSE: PCS) from $23 to $20 and maintains its Buy rating.
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A Peek Into The Market Before The Trading Starts
Wednesday, August 3, 2011 - 7:31am | 392Pre-open movers US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 47 points to 11,851.00 and S&P 500 index futures rose 6.40 points to 1,253.70. Nasdaq 100 futures gained 10.00 points...
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Bank of America Provides Color on Leap Wireless
Wednesday, August 3, 2011 - 6:43am | 166Bank of America provided color on Leap Wireless (NASDAQ: LEAP). In a research report published today, the rating agency commented on the company's Q2 results, which are due to be published on Wednesday, August 3, after the markets close. In the report, Bank of America states, “The second quarter...
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UGLY 08-02-2011
Tuesday, August 2, 2011 - 6:52pm | 1054Cusick's Corner Ugly, that is what the market looks like at this stage with all the major indices at their worst levels this year. While this is ugly (and could get uglier), I have a hard time jumping on a ship that has sailed on the downside so long, 8 sessions in the NAZ and S&Ps. I traded...
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Aw Snap, Is Market Gonna Crackle or Pop?
Tuesday, August 2, 2011 - 3:53pm | 1055Cusick's Corner The vote is over. The debt crisis, well at least the missed payment, has past until 2013 and the market is now focused on the data that continues to disappoint. The Spending data is flagging a less than active consumer, a potential signal of a slowing employment market, while...
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Benchmark Maintains American Tower Buy
Tuesday, August 2, 2011 - 1:11pm | 101Benchmark maintained its American Tower (NYSE: AMT) Buy rating in a research report published today. Benchmark has previously given American Tower a $60 price target. In the report, Benchmark states, "This morning, American Tower (AMT) reported results and provided guidance that was better than...
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MetroPCS Down 31% on Disappointing Earnings
Tuesday, August 2, 2011 - 10:55am | 38MetroPCS (NYSE: PCS) is down 31% on the disappointing earnings. The company reported Q2 EPS $0.24 vs $0.28 Est; Revenues $1.21B vs $1.23B Est. MetroPCS is currently trading at $11.10, a loss of $5.08 or 31.40%
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iPhone Coming to China Mobile? Reports Say Yes
Tuesday, August 2, 2011 - 9:50am | 177Apple is reportedly teaming with China Mobile for a deal that could expose the iPhone to 600M people. Forbes has published an interesting story this morning that indicates the iPhone will soon be available to China Mobile (NYSE: CHL) subscribers. If true, this would give Apple (NASDAQ: AAPL) the...