Just put ‘em all in a watchlist and watch ‘em…some will go nowhere, some will spike, some will drop…aim small, miss small, learn to understand the setups that lead to the biggest drops:GETG had a nice reversal—thought about shorting into the clo0se, but now that Thinkorswim got strict about the Pattern Day Trader rule, I’m scared to short imperfect setups, kinda of a gift and a curse…no support til $3, definitely reserves shares for possible shortWLGC is a patent play, they typically runup nicely, but only if the volume is there and inevitably come crashing down, reserve shares to short just in caseARTE whaaaat? Trying to make a cup & handle breakout right into resistance at $2? Wow, this would be pretty amazing, I just can’t believe it, reserve shares just in case this breakout attempt fails…hopefully it keeps goin cuz right... [More...]

We upgrade Excel Maritime Carriers, Ltd. (EXM) from Sell to Hold since EXM boasted a 214% increase in EPS in the first quarter. Revenues gained 94%, largely due to surging spot charter rates. We expect EXM's results to benefit from the acquisition of Quintana... [More...]

Citi Trends, Inc. (CTRN) reported better-than-expected fourth quarter earnings per share of $0.59. Management's guidance was $0.42-$0.46 and our estimate was $0.46. The upside was due to a lower-than-expected tax rate and compensation accrual. Even without those two benefits, Citi Trends would have reported earnings at the high end of its EPS guidance. Another positive was inventories, which... [More...]

UPGRADES
xcan Pharma AXCA BMO Capital Markets Underperform » Market Perform
WSFS Financial WSFS Sandler O'Neill Hold » Buy
Mentor Corp MNT Leerink Swann Mkt Perform » Outperform
OSI Pharm OSIP Collins Stewart Market Perform » Buy
Glu Mobile GLUU Kaufman Bros Hold » Buy
F5 Networks FFIV BMO Capital Markets Market Perform » Outperform
Lions Gate Entain LGF Wedbush Morgan Buy » Strong Buy
Zumiez ZUMZ Susquehanna Financial Neutral » Positive
AbitibiBowater ABH RBC Capital Mkts Sector Perform » Outperform
Caliper Life Sciences CALP Susquehanna Financial Neutral » Positive
Telefonos de Mex TMX JP Morgan Underweight » Neutral
Valero Energy VLO Banc of America Sec Neutral » Buy
Western Refining WNR Banc of America Sec Neutral » Buy

DOWNGRADES
Del Monte DLM Davenport Strong Buy » Buy
Delia*s DLIA CL King Accumulate » Underperform
BankAtlantic BBX Janney Mntgmy Scott Buy » Neutral
Badger Meter BMI Canaccord Adams Buy » Hold
Axcan Pharma AXCA Punk, Ziegel & Co Mkt Perform » Sell
Cato CTR Stanford Research Buy » Hold
On Track Innovations OTIV Soleil Buy » Hold
E*TRADE ETFC BMO Capital Markets Outperform » Market Perform
Watsco WSO KeyBanc Capital Mkts Aggressive Buy » Hold
Indevus Pharm IDEV JMP Securities Strong Buy » Mkt Outperform
Telus TU RBC Capital Mkts Outperform » Sector Perform
UBS AG UBS Bear Stearns Outperform » Peer Perform
Credit Suisse CS Bear Stearns Peer Perform » Underperform
MGI Pharma MOGN Friedman Billings Outperform » Mkt Perform
Deutsche Bank AG DB Bear Stearns Peer Perform » Underperform
Mohawk MHK Banc of America Sec Neutral » Sell

 Subscribe in a reader

Filed under: Analyst reports, Analyst initiations, EMC Corp (EMC)

MOST NOTEWORTHY: Caliper Life Sciences, Network Appliance, EMC Corp, Concur Tech and TechTarget were today's noteworthy initiations:

• Caliper Life Sciences Inc (NASDAQ: CALP) was initiated at Piper Jaffray with an Outperform rating and $8 target. Piper believes the company's collection of acquisitions offers a diverse portfolio targeting a $1.2B segment of the life science tools market.
  
• Credit Suisse resumed coverage of Network Appliance Inc (NASDAQ: NTAP) and EMC Corporation (NYSE: EMC) with Neutral ratings and a $28 target and $20 target, respectively, as they have concerns of near-term demand risk.
  
• Concur Technologies (NASDAQ: CNQR) was started at Jefferies with a Buy rating and $40 target, as they believe the company is changing the landscape of employee expense management by integrating travel and expense reimbursement and feels shares deserve a premium valuation.
  
• Oppenheimer sees limited upside from current levels at TechTarget Inc (NASDAQ: TTGT) and would consider an entry point in the low-to-mid teens. The firm started shares with a Neutral rating and $17 target.

OTHER INITIATIONS:

• Banc of America initiated K Swiss Inc (NASDAQ: KSWS) with a Sell rating and $20 target.
  
• Stephens initiated Comverge Inc (NASDAQ: COMV) with an Equal Weight rating and $29 target and Badger Meter Incorporated (AMEX: BMI) with an Overweight rating and $39 target.
  
• JMP Securities resumed coverage of DemandTec Inc (NASDAQ: DMAN) with a Market Outperform rating and $16 target.

Permalink | Email this | Comments