Posts
Facebook To Go Public. According to the company’s private-placement document, which allows up to 500 individuals to invest into the company, Facebook plans to increase its number of investors above 500 this year, at which point the SEC would require the company to disclose their financials. Analysts suggest that the company could go public by April 2012.
Upgrades
Dollar General (DG): Avondale raised their rating from Market perform to Market Outperform and raised their target price from $33.00 to $34.00.
Fiserv (FISV): Oppenheimer raised their rating from Perform to Outperform and placed a target price of $72.00 on the company.
Downgrades
MetroPCS (PCS): Auriga U.S.A lowered their rating from Buy to Hold and placed a target price of $13.00 on the company.
Express Scripts (ESRX): FBR Capital lowered their rating from Outperform to Market Perform.
Coverage Resumed
Laboratory Corp (LH): RBC Capital Markets resumed their coverage with an Outperform rating and target price of $103.00.
Quest Diagnostics (DGX): RBC Capital Markets resumed their coverage with a Sector Perform rating.
Coverage Reiterated/Price Target Changed
Zimmer Holdings (ZMH): Stifel Nicolaus reiterated their Buy rating and raised their target price from $58.00 to $60.00.
TJX (TJX): RBC Capital Markets reiterated their Outperform rating and raised their target price from $50.00 to $52.00.
Tiffany & Co (TIF): HSBC Securities reiterated their Overweight rating and raised their target price from $60.00 to $75.00.
Earning Reports
Shaw Group (SHAW): Reported FQ1 EPS of -$0.06 missing estimates by -0.11.
Texas Industries (TXI): Reported FQ2 EPS of -$0.40 beating estimates by +$0.13.
KB Home (KBH): Reported FQ4 EPS of $0.23 beating estimates by +$0.40.
· Futures at 7:00: Dow 0.0%. S&P 0.0%. Nasdaq 0.0%. Crude +0.4% to $88.71. Gold -1.0% to $1357.90.
· In Europe: London -0.6%. Paris -0.3%. Frankfurt -0.1%.
· In Asia, Japan +0.1% to 10541. Hong Kong -0.4% to 23687. China +0.5% to 2839. India -2.4% to 19692.
No comments:
Post a Comment