Brean Murray Carret & Company

Brean Murray reiterated a Buy rating on Xerox Corp (NYSE: XRX) and has lowered the price target from $9 to $8.50. Brean Murray noted, “Sep Q EPS guide of $0.24 - $0.26 is softer than Street of $0.27; CY12 guide now $1.07 - $1.12 vs. $1.12 - $1.18 previously. For 2H12, it sounds like Europe and...

Brean Murray Carret & Co. reiterated a Buy rating on Xerox (NYSE: XRX) and lowered its price target from $10 to $9. Brean Murray and Carret & Co. noted, “We believe Xerox can deliver Jun Q Street EPS of $0.26 (guidance of $0.25 - $0.28), and that CY12 EPS can hold up fairly well relative...

Brean Murray Carret reiterated a Buy rating on EMC Corporation (NYSE: EMC) and a price target of $32. Brean Murray Carret & Co. remarked, “EMC announced preliminary Q2 2012 EPS of $0.39 (+11% Y/Y) and Revenue of $5.31B (+10% Y/Y), compared with Street estimates of $0.40 and $5.29B. EMC also...

According to a research report this morning, Brean Murray Carret & Co decreases its PT on Pitney Bowes (NYSE: PBI) from $21 to $20 as business conditions again soften. Brean Murray Carret & Co explained, “There are both underlying revenue tailwinds and headwinds emerging – with Mar Q...

Listed below are today's Top Downgrades at Benzinga: Stifel Nicolaus Downgrades BioMed Realty (NYSE: BMR) to Hold: Stifel Nicolaus comments, "We are downgrading BioMed Realty to a Hold rating as we think: 1) BMR is fully valued with an Implied NOI/Cash Flow/CF less G&A cap rates of 6.4%/5.5%/...

In a research report published earlier today, Brean Murray Carret feels that yesterday's Hewlett-Packard Co. (NYSE: HPQ) sell-off was overdone given that the company just announced that it is merging its PC and printer organizations. According to Brean Murray Carret, “We don't believe HP expects...

According to a research report published earlier today, Brean Murray Carret has increased American States Water Company's (NYSE: AWR) PT from $40 to $41. In the report, Brean Murray Carret said, “Although reported Water segment earnings in the quarter from continuing operations were lower YOY, the...

According to a research report published earlier today, Brean Murray Carret maintains its Hold rating on Youku Inc. (NYSE: YOKU) as currently there is limited visibility of profitability. “YOKU has entered into a definitive agreement to acquire TUDO in a 100% stock transaction. The deal evaluates...

According to a research report published earlier today, Brean Murray Carret has increased Guess? Inc.'s (NYSE: GES) PT from $39 to $50. In the report, Brean Murray Carret commented, “We are reiterating our Buy rating, raising our price target to $50 (from $39), maintaining and rolling out a back...

In a research report published today by Brean Murray Carret, DISH Network (NASDAQ: DISH) continues to hold down a positive investment thesis following the FCC's rejection of AT&T's (NYSE: T) bid for T-Mobile. Brean Murray Carret shared in the report, “The primary investment thesis for DISH is...

According to a research report published earlier today, Brean Murray Carret increased EOG Resources Inc.'s (NYSE: EOG) PT from $113 to $141 based on down-spacing pilot results. Brean Murray Carret said in the report, “EOG remains rated Buy and on our Near‐Term Conviction Focus List. We are...

According to a research report published earlier today, Brean Murray Carret has downgraded Ctrip.com International's (NASDAQ: CTRP) stock from Hold to Sell. Brean Murray Carret explained the decision in the report: “While CTRP reported largely in‐line 4Q results and largely in‐line 1Q revenue...

According to a research report published earlier today, Brean Murray Carret has increased MGM Resorts International's (NYSE: MGM) PT from $15 to $17 as trends continue to improve on the Strip. “We are raising our 4Q EBITDA and EPS estimates $15MM and $0.03 to $445MM and ($0.19) which compares to...

According to a research report published earlier today, Brean Murray Carret has decided to initiate Murphy Oil Corporation (NYSE: MUR) with a Buy rating and a $71 PT. In the report, Brean Muray Carret said, “Murphy is well-positioned in light of recent weakness in the North American gas market,...

According to a research report released earlier today, Brean Murray Carret has lowered its 4Q11 EPS on Calgon Carbon Corp. (NYSE: CCC) from continuing ops estimate from $0.19 to $0.14. In the report, Brean Murray Carret explained, “While we have adjusted our 4Q11 forecast, we are making no...