Another price target increase for Celgene....$100 is definitely around the corner
Sentiment: Strong Buy
This is so frustrating and it just makes you wanna completely throw in the towel. This pure manipulation at its best.
Sentiment: Strong Buy
Here is the link. UBS cut their target on June 14, 2011.
ACN is being added to the S&P 500.
Tuesday, March 15, 2011
Analyst Actions on Chinese Stocks: AOB, BIDU, CEA, CHL, CHLN, CTRP, DANG, EJ ... (Mar 15, 2011)
Best-Rated Chinese Stocks; Highest-Upside; Fastest-Growing; Top 10 Lists; Analyst Actions
Below are today’s Analyst Actions on U.S.-Listed Chinese Stocks.
Brean Murray downgraded American Oriental Bioengineering, Inc. (NYSE:AOB) from Buy to Hold, and removed price target. Credit Suisse reiterated Underperform rating on Baidu.com, Inc. (NASDAQ:BIDU), and raised price target from $85.20 to $99. DBS Vickers maintained Hold rating on China Eastern Airlines Corp. Ltd. (NYSE:CEA), with HK$4 price target on the company's Hong Kong-listed shares. Deutsche Bank maintained Hold rating and HK$87 price target on the Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). Global Hunter Securities reiterated Buy rating and $5.50 price target on China Housing & Land Development, Inc. (NASDAQ:CHLN). Piper Jaffray maintained Overweight rating and $50 price target on Ctrip.com International, Ltd. (NASDAQ:CTRP). Credit Suisse maintained Neutral rating on E Commerce China Dangdang Inc (NYSE:DANG), and reduced price target from $30.0 to $24.5. Deutsche Bank maintained Buy rating on E-House (China) Holdings Limited (NYSE:EJ), and cut price target from $21 to $17. Global Hunter Securities reiterated Buy rating on Fushi Copperweld, Inc. (NASDAQ:FSIN), and cut price target from $15 to $11.50. BMO Capital Markets reiterated Outperform rating on SmartHeat Inc (NASDAQ:HEAT). Deutsche Bank maintained Buy rating and $31 price target on HiSoft Technology International Limited (NASDAQ:HSFT). Bank of America maintained Buy rating and $11.40 price objective on JA Solar Holdings Co., Ltd. (NASDAQ:JASO). Roth Capital Partners maintained Buy rating on Jinpan International Limited (NASDAQ:JST), and cut price target from $16.50 to $15.50. Bank of America maintained Neutral rating and $14.50 price objective on LDK Solar Co., Ltd. (NYSE:LDK). Credit Suisse maintained Neutral rating and HK$37 price target on the Hong Kong-listed shares of China Life Insurance Company Ltd. (NYSE:LFC). Daiwa initiated coverage of China Life Insurance Company Ltd. (NYSE:LFC) with Buy rating and HK$42.66 price target on the company's Hong Kong-listed shares. Roth Capital Partners maintained Sell rating on China Nepstar Chain Drugstore Ltd. (NYSE:NPD). Credit Suisse reiterated Outperform rating on NetEase.com, Inc. (NASDAQ:NTES), and maintained $54.70 price target. Piper Jaffray maintained Neutral rating on Simcere Pharmaceutical Group (NYSE:SCR), and raised price target from $8.4 to $10. William Blair maintained Outperform rating on ShangPharma Corp (NYSE:SHP). Global Hunter Securities reiterated Buy rating and $6 price target on SinoHub Inc (NYSE:SIHI). Canaccord Genuity reiterated Buy rating and $4 price target on SinoHub Inc (NYSE:SIHI). Credit Suisse reiterated Outperform rating on SINA Corporation (NASDAQ:SINA), and raised price target from $101.8 to $112.5. Credit Suisse maintained Neutral rating on Sohu.com Inc. (NASDAQ:SOHU), and raised price target from $77.5 to $91.5. Credit Suisse maintained Neutral rating on Seaspan Corporation (NYSE:SSW), and raised price target from $12 to $15. Bank of America maintained Buy rating on Seaspan Corporation (NYSE:SSW), and raised price objective from $16 to $18. Brean Murray maintained Hold rating on Yongye International, Inc. (NASDAQ:YONG).
Here is the link and the article...........
BRIEF-RESEARCH ALERT-UBS ups Walter Energy price target
Published: Monday, 13 Dec 2010 | 5:47 PM ET Text Size DiggBuzz FacebookTwitter More Share
Dec 13 (Reuters) - Walter Energy Inc: * UBS ups Walter Energy price target to $136 from $112, keeps rating buy (( For a summary of rating and price target changes on S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .1568 Reuters Plus users search on RCH/US For a summary of rating and price target changes on non-S&P 500 companies: Reuters 3000Xtra users, double-click Reuters Station users, click .2102 Reuters Plus users search on RCH/US2 For a summary of rating and price target changes on Canadian companies: Reuters 3000Xtra users, double-click Reuters Station users, click .4899 Reuters Plus users search on RCH/CA (Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
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Mechel upgraded to "buy"
05/26/08 - Deutsche Bank
NEW YORK, May 26 (newratings.com) - Analyst Olga Okuneva of Deutsche Bank upgrades Mechel OAO (MTL) to "buy." The target price has been reduced from $180 to $60.
In a research note published this morning, the analyst mentions that the company has incorporated a 3:1 ADR split, following the 357% share price appreciation over the past one year. The upgrade in rating follows the 13% decline in Mechel’s company’s share last week, the analyst says.
We will announce earnings release in a matter of days. As for other events,
I can not comment here, please follow our press-releases and shareholder's
С уважением / With best regards,
Head of International Affairs & Investor Relations
Tel.: +7-495-221-8888 (*) 2543
Cramer seems to think DECK has been unfairly punished. This is an article from thestreet.com that was posted this morning.
By Jim Cramer
2/29/2008 8:51 AM EST
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Retail's a real tough read, away from all the macro noise. Plus, there's the total overload of reports. So, let's pick 'em apart.
First, nothing special in the Kohl's (KSS - commentary - Cramer's Take - Rating) call. In fact, what distinguishes Kohl's from, say, Eli Manning, oops ... I mean, Sears (SHLD - commentary - Cramer's Take - Rating), this quarter? Both really stunk, but Sears at least is evaluating what went wrong, while Kohl's is opening more stores, with a big push into Florida of all places!
Gap (GPS - commentary - Cramer's Take - Rating) had a good quarter, but it was totally with expense control. Here's a nice change of pace, though: They are closing stores. That's what I want to hear, because we are so overstored it makes me sick.
Deckers (DECK - commentary - Cramer's Take - Rating) gives one cautionary comment and everyone thinks it is Under Armour (UA - commentary - Cramer's Take - Rating) ... what a joke. This isn't UA, UA had 100% excess inventory. Deckers was clean. But the stock got hammered anyway.
All in all, a confusing day in the group, which makes me feel, alas, that it's better to be in natural gas or oil or virtually anything else.
Oh, one I wasn't confused on: The Limited (LTD - commentary - Cramer's Take - Rating). It is very existential there: THEY HAVE NO REASON FOR BEING! None. And unlike what the media says, it isn't just Victoria's Secret, it's MAST -- their supply arm -- and it's Bath and Body Works, which is awful awful awful.
Some of these chains just shouldn't even bother any more, they just can't be owned.
It's just a terrible, terrible time in retail, no ifs, ands or buts.
Deckers Outdoor "outperform," target price raised
2:56a.m. - Robert W. Baird
NEW YORK, February 29 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Deckers Outdoor Corporation (DECK), while raising their estimates for the company. The target price has been raised from $156 to $170.
In a research note published this morning, the analysts mention that the company has posted its 4Q results ahead of expectations, on account of robust UGG sales. Deckers Outdoor has guided to sales and EPS growth of 25% and 20%, respectively, which seems conservative. The company’s earnings growth in FY08 is likely to be back-end loaded, Robert W Baird adds. The EPS estimates for 2008 and 2009 have been raised from $5.60 to $6.07 and from $6.82 to $7.30, respectively.
DryShips: Down But Not Out
Ruthie Ackerman, 02.16.08, 12:00 PM ET
The shares of bulk cargo carrier DryShips ride the Baltic Dry Index like its big vessels move with the tides. When the index rises, so does the stock. In the second half of last year, the index fell, and so did DryShips shares.
The thing is, the correlation between the index, which measures dry-bulk shipping rates on 40 routes around the world, and DryShips (nyse: DRYS - news - people ) profits isn't that good. Even after a recent rally in the index and the shares, DryShips seems to be trading at one half to two thirds of what it is worth.
“The Baltic Dry Index can be influenced by weather or a number of things. It isn’t a good measure of long-term fundamentals,” said Douglas J. Mavrinac, a Jeffries analyst.
After hitting an all-time high of $131.34 in October and then falling to $52.18 on Jan. 17, DryShips settled Friday at $80.73.
Mavrinac said he thinks it is worth $160, while Natasha Boyden of Cantor Fitzgerald has a more conservative $121 target. Boyden said the company is well-positioned to benefit from a strong dry bulk spot rate environment in 2008, with 17.0% more fleet operating days than 2007, and 63.0% of its total fleet operating days in 2008 still unfixed.
Yet despite the positive analyst outlook and a better-than-expected fourth-quarter earnings report, the shipper's shares dropped 4.2% on Friday. Mavrinac said that reflected profit-taking after the stock bounced off its January low, and the pullback presents a buying opportunity. He thinks the company could earn $20 a share this year, giving its shares a bargain-basement price-earnings ratio of 4.
“The stock has had a significant run up in recent weeks and all the data points are positive,” he said. “The company reported strong earnings, daily charter rates in dry bulk markets are up, and management gave a bullish conference call. But some investors are sitting on some pretty big profits over a short period of time so they’re taking some off the table.”
DryShips reported its fourth-quarter earnings soared more than fivefold as its expanded fleet benefited from significantly higher vessel rates. The company said after the market closed Thursday it earned $195.2 million, or $5.37 per share, compared with a year-ago profit of $35.9 million, or $1.02 per share, which includes a capital gain on the sale of one vessel of $31.5 million, or 87 cents a share.
Excluding the gain, the company's profit would have been $163.7 million, or $4.50 a share, significantly higher than analysts' expectations of $4.04 a share.
I just got off the phone with the Investors Relation firm for Dryship which is located in New York, NY and the agent said that the earnings should be announced any minute now.
There may be an upgrade coming tomorrow. Here is the article from today's online Barron's.
WE RECENTLY SURVEYED MORE than 200 farmers in an effort to gather independent and unbiased market data on 2008 row-crop planting intentions, corn-seed preference, fertilizer usage, and the competitive landscape across the space. Our respondents validated our bullish views on Monsanto and Potash Corp. of Saskatchewan (Conviction Buys) and DuPont and Mosaic (Buys). We believe 2008 will be another great year for biotech seed due to greater triple-stack penetration and higher prices. Fertilizer producers should have another banner year as robust global industry fundamentals drive earnings-per-share momentum.
The surveyed farmers are located predominantly in the agriculturally focused Midwest states that represent nearly 91% of total U.S. 2007 corn production and 89% of soybean production. Nearly one-third of the surveyed farmers remain undecided about final planting intentions due to commodity-price volatility and ever-increasing fertilizer costs. While the farmers in our survey expect to increase total planted acreage by 1% and maintain the same ratio of corn-to-soy planting, we forecast a five-million-to-seven-million acre decline nationally for corn acreage in 2008 (primarily in the South, and following several corn-on-corn plantings). Our analysis indicates that it remains more profitable for a farmer in the Midwest to plant triple-stack corn over soy, despite the steep rise in fertilizer prices.
Although we expect some switching from corn to soy for 2008, we believe fertilizer industry supply/demand fundamentals are sufficiently robust that any such switching will have minimal impact on fertilizer producers. Soybean uses about a fourth of the nutrients that corn does, but the increase in domestic wheat acreage, in addition to a surge in tariffs in several exporting countries; higher raw-material costs for natural gas, sulfur and phosphate rock; increases in acreage in Latin America and Europe; and strong demand from India should keep fertilizer prices from falling and lead to profit margins expansion.
The U.S. Department of Agriculture (USDA) estimates that approximately 73% of U.S. corn-acreage planted in 2007 was biotech. In particular, triple-stack corn was the hot product, providing both herbicide and above- and below-ground insecticide protection. Monsanto sold 18 million acres and DuPont three million acres, with both companies indicating that 2008 prebuys are significantly higher than 2007 levels. Our survey points to greater biotech penetration in 2008 as farmers come to accept the yield protection or "insurance" that biotech traits offer. While corn-refuge mandates set a ceiling on biotech penetration, farmers are very excited about the next generation of products to be launched in 2010 that could lead to a possible refuge reduction.
Without a doubt, 2007 was an exceptional year for fertilizer producers. The combination of more corn acres in the U.S. versus soy (corn on average uses approximately four times as much fertilizer as soy does), improved fundamentals in South America after two years of challenged conditions, increases in global application rates and supply constraints (due to several unplanned outages/capacity idling) pushed fertilizer prices to historical records.
Although prices for some fertilizers increased more rapidly than others, the market for all nutrients was very tight. While there is some nervousness in the market as more corn acreage will switch to soy and wheat, we continue to believe that 2008 will be another record year for producers as prices rise on strong supply/demand fundamentals.
08:03 POT Potash tgt increased to $88 at RBC (73.42 )
RBC raises their tgt on POT to $88 from $75 saying the change largely reflects an increase to their potash price assumptions. Firm has also rolled their valuation forward to reflect the passage of time.