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UPDATE: DA Davidson Downgrades Herbalife to Neutral After KPMG Resignation
Tuesday, April 9, 2013 - 1:24pm | 180In a report published by DA Davidson, analyst Timothy S. Ramey downgraded Herbalife (NYSE: HLF) from Buy to Neutral and lowered the price target from $78.00 to $38.00. In the report, DA Davidson wrote, "In light of today's announcement that Herbalife's former auditor KPMG has resigned and...
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Benzinga's Morning Upgrade Summary for June 4, 2012
Monday, June 4, 2012 - 11:50am | 542Listed below are today's Top Upgrades covered by Benzinga: Stifel Nicolaus Upgrades Boeing Company (NYSE: BA) to Buy: Stifel Nicolaus comments, "The overall market may be weak, but we think there is strength in the aerospace cycle. Boeing management's reaffirmation of build rate increases through...
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Benzinga's Morning Upgrade Summary for May 29, 2012
Tuesday, May 29, 2012 - 10:24am | 1117Listed below are today's Top Upgrades at Benzinga: Wedbush Securities Upgrades Jack in the Box (NASDAQ: JACK) to Neutral: Wedbush said, "We are raising JACK to NEUTRAL from UNDERPERFORM. We believe JACK is positioned to benefit from a recent easing in industry-wide price-centric competition, as...
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Benzinga's Top Upgrades with Color for May 2, 2012
Wednesday, May 2, 2012 - 11:04am | 1153Listed below are today's Top Upgrades at Benzinga: Deutsche Bank Upgrades SkyWest (NASDAQ: SKYW) to Buy: Deutsche Bank said, "SkyWest reported a surprisingly much better March quarterly result than either we or the Street were projecting. Mar Q loss per share was $0.01 which compared favorably to...
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DA Davidson Maintains Buy on Herbalife
Tuesday, May 1, 2012 - 1:27pm | 159DA Davidson has published a research report on Herbalife (NYSE: HLF) after the company reported an EPS beat up 27.1% over 1Q2011. In the report, DA Davidson writes, "2012 EPS guidance was raised to $3.58-$3.74, previously $3.40-$3.60 on sales growth of 12.5%-14.5% and 12%-14% volume growth. This...
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UPDATE: DA Davidson Downgrades Plum Creek Timber to Neutral
Tuesday, May 1, 2012 - 9:55am | 189DA Davidson has published a research report on Plum Creek Timber Company (NYSE: PCL) and has downgraded the company from Buy to Neutral after the company reported 1Q earnings. In the report, DA Davidson writes, "As has been the case in previous quarters, the choppy timing of land sales contributed...
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UPDATE: DA Davidson & Co Upgrades Deluxe Corporation to Buy
Wednesday, April 11, 2012 - 11:19am | 133DA Davidson & Co raises its rating on Deluxe Corporation (NYSE: DLX) from Neutral to Buy on valuation that now appears attractive and likely catalysts. The price target of $26 is unchanged. DA Davidson & Co says, "DLX shares have fallen nearly 20% since peaking in early February following...
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UPDATE: DA Davidson & Co Initiates Buy, $41 on UniSource Energy
Wednesday, April 11, 2012 - 11:15am | 109DA Davidson & Co initiates its coverage on UniSource Energy (NYSE: UNS) to reflect improvements on the challenging regulatory environment that could lead to rate expansion. DA Davidson & Co notes, "The outcome of a general rate case filing this July will be a key factor in UniSource's...
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DA Davidson & Co Maintains Neutral, $6 Target on Callaway
Tuesday, January 24, 2012 - 2:04pm | 90DA Davidson & Co reiterates its Neutral rating and $6 target price on Callaway (NYSE: ELY) ahead of the earnings. DA Davidson & Co says, "We are looking for revenue and non-GAAP EPS estimates of $154.6 million and $(0.32), respectively. Consensus revenue and EPS estimates are $153.5...
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DA Davidson & Co Reduces PT to $25, Maintains Buy on Zions Bancorporation
Tuesday, January 24, 2012 - 2:02pm | 122DA Davidson & Co reiterates its Buy rating on Zions Bancorporation (NYSE: ZION) and lowers its price target to $25 from $26, as the company posts EPS miss on higher expenses. DA Davidson & Co says, "ZION reported GAAP and Core EPS of $0.24 and $0.28, respectively, the difference between...
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DA Davidson & Co Raises Target to $48 on Bank of Hawaii, Maintains Neutral
Tuesday, January 24, 2012 - 1:59pm | 127DA Davidson & Co reiterates its Neutral rating on Bank of Hawaii (NYSE: BOH) and raises its price target to $48, up $5, reflecting in-line quarter results showing loan growth, weaker fee income. DA Davidson & Co says, "Bank of Hawaii reported Q4'11 EPS of $0.85, in line with our forecast...
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DA Davidson & Co Raises Target to $26.50 on Avista, Maintains Neutral
Tuesday, January 24, 2012 - 1:51pm | 105DA Davidson & Co reiterates its Neutral rating on Avista (NYSE: AVA) and raises its price target by $1 to $26.50 as it rolls valuation over toward 2013. DA Davidson & Co says, "We are forecasting Avista Utilities will contribute quarterly EPS of $0.42, which compares to $0.45 a year ago...
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DA Davidson & Co Downgrades Ceradyne to Neutral, Cuts PT to $36
Tuesday, January 24, 2012 - 1:47pm | 151DA Davidson & Co lowers its rating on Ceradyne (NASDAQ: CRDN) to Neutral from Buy and cuts its price target by $5 to $36 on weak solar business and lower armor margins that weigh on outlook. DA Davidson & Co comments, "While revenues from the solar crucible business are expected to be ~$...
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UPDATE: DA Davidson Downgrades Magma Design Automation to Neutral, Lowers PT to $7.35
Friday, December 23, 2011 - 12:05pm | 133DA Davidson & Co lowers its rating on Magma Design Automation (NASDAQ: LAVA) to Neutral from Buy and lowers its price target to $7.35 from $11 as a second offer appears lies likely following proxy statement details on Synopsis offer. DA Davidson & Co notes, "Magma recently filed a...
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DA Davidson & Co Maintains Neutral, $41 Target on ALLETE
Tuesday, December 20, 2011 - 12:09pm | 97DA Davidson & Co reiterates its Neutral rating and target price of $41 on ALLETE (NYSE: ALE) as it initiates a 2013 forecast on the company. DA Davidson states,"In the past week, ALLETE, Inc. provided two new reference points for assessing its near-term earnings power: it funded a $20 million...