Brean Murray

Brean Murray reiterated a Hold rating on Pitney Bowes (NYSE: PBI) after it reported earnings. Brean Murray commented, “PBI generated revenue and EPS of $1.2B and $0.50 (vs. Street of $1.2B and $0.49) – due to softer macro, CY12 revenue and EPS guidance was reduced to flat to a 4% revenue decline,...

FBN Securities reiterated an Outperform rating on Seagate Technology (NASDAQ: STX) and lowered its price target to $32. FBN Securities commented, “We retain our Outperform rating on shares of STX but lower our PT to $32. STX generated very strong free cash flow ($1.4B vs. $.8B in FQ3 and $.2B a...

Brean Murray downgraded Pitney Bowes (NYSE: PBI) from Buy to Hold rating and removed its $20 price target. Brean Murray commented, “We're moving our rating to Hold from Buy as we see balanced risk reward ($10 - $16) for the time being as we wait to 1) get further visibility on macro, 2) see what...

Brean Murray reiterated a Buy rating on Arrow Electronics (NYSE: ARW) and lowered its price target from $45 to $41. Brean Murray wrote, “ARW reported in-line revenues with a slight miss vs. Street on EPS, as macro weakness and margin pressure continued to weigh on results. The Enterprise Computing...

Brean Murray maintained a Buy rating on Seagate Technology (NASDAQ: STX) and lowered its price target from $38 to $35. Brean Murray commented, “STX reported Jun Q revenue and EPS of $4.5B and $2.41, in-line with their 7/7 preannouncement. We believe both Sep Q revenue of $4B and GM guidance of at...

Brean Murray Carret reiterated a Buy rating on Electronic for Imaging (NASDAQ: EFII) and a price target of $20. Brean Murray Carret wrote, “We believe EFI looks attractive at these levels after selling its corporate HQ for $180M (~$144M after tax, $3.00 in net cash per share, or ~20% of market...

Listed below are today's Top Downgrades at Benzinga: Wunderlich Securities Downgrades Alliant Energy (NYSE: LNT) to Hold: Wunderlich Securities notes, "The company disclosed on Friday that a growing deferred tax balance would slow the expected growth in Wisconsin regulated rate base through 2014...

Listed below are today's Top Downgrades at Benzinga: Dougherty & Company Downgrades Bio-Rad Laboratories (NYSE: BIO) to Neutral: Dougherty & Company mentioned, "Our NEUTRAL rated stance is predicated on the following: 1) A slower-than-expected start to the new year on the sales front –...

Is Electronic Arts prepared to layoff 500 to 1,000 employees? The company, one of the largest game developers and publishers in the world, has denied that it will announce mass layoffs, instead claiming that its end-of-year workforce will surpass its employee base at the end of 2011. But what's...

Despite the rumors and a possible Tim Cook sighting, Brean Murray's Todd Mitchell has serious doubts about a console from Apple and/or Valve. Over the past several weeks, gamers from all over the world have been intrigued and excited by the reports that Valve -- the famous developer behind some of...

According to a research report published earlier today, Brean Murry Carret & Co. sees the potential for significant appreciation as Rentrak's (NASDAQ: RENT) strategic position becomes more apparent. “Shares of RENT have recovered off their lows, but are still trading well below their...

In a research report released today, Brean Murray Carret & Co. says that True Religion Apparel Inc. (NASDAQ: TRLG) is set to announce strong results and impressive guidance on the 4Q conference call February 9. According to Brean Murray Carret & Co., “We believe True Religion ended 2011...

Brean Murray Carret & Company has raised the price target on G-III Apparel Group (NASDAQ: GIII) from $28 to $31 and maintains its Buy rating.

Brean Murray is out with a research report on Western Digital (NYSE: WDC) and it has a Buy rating and a $40 price target on shares. In a note to clients, Brean Murray writes, "As we think about Dec Q guidance relative to Street, “all things equal” we believe WDC can reasonably achieve both the...

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 80 points to 10,909.00 and S&P 500 index futures fell 9.40 points to 1,147.90. Nasdaq 100 futures dropped 13.25 points to 2,177.00. A Peek Into Global Markets European markets were...