Stock Upgrades To Consider
Stocks: (MWD)(NEM)(NWS)(KSS)(BBBY)
By Yaser Anwar, CSC of Equity Investment Ideas
Morgan Stanley upgraded to "overweight"- Analysts at Prudential Financial upgrade Morgan Stanley (MWD) from "neutral weight" to "overweight." The target price is set to $65.In a research note published yesterday, the analysts mention that the company has posted its 2Q06 EPS significantly ahead of the consensus. Morgan Stanley reported record revenues for its institutional securities division and robust results for its investment banking business. The performance of the company’s retail brokerage business during the quarter was boosted by increased retail activity, the analysts say.
Newmont Mining "neutral weight," estimates raisedAnalyst John C Tumazos of Prudential Financial reiterates his "neutral weight" rating on Newmont Mining Corp (NEM), while raising his estimates for the company. The target price is set to $50.In a research note published this morning, the analyst mentions that the gold and copper price estimates for 2006 have been raised from $550 per oz to $564 per oz and from $2.25 per pound to $2.50 per pound, respectively. The EPS estimate for 2006 has been raised from $1.05 to $1.15.
News Corp "buy"- Analyst Doug Shapiro of Banc of America Securities maintains his "buy" rating on News Corp (NWS). The target price is set to $24.In a research note published this morning, the analyst mentions that Ice Age 2 and X-Men 3 could generate $700 million in operating income for the company with more than $500 million to be realized in FY07. News Corp’s newspaper segment is likely to witness healthy growth next year due to positive currency effects, the sale of the TSL Education division and benefits of headcount reductions, the analyst says. Recent vents have increased the visibility into the company’s FY07 results, Banc of America Securities adds.
Kohls "buy"- Analyst Dana Cohen of Banc of America Securities maintains her "buy" rating on Kohls' (KSS). The target price is set to $66In a research note published this morning, the analyst mentions that the company has implemented two major systems initiatives, markdown and size optimization. The initiatives are expected to boost Kohl's sales and gross margin going forward, the analyst says. The opportunities from these initiatives are expected to start from 2H06 and extend until 2008.
Bed Bath & Beyond "overweight," estimates raisedAnalyst Mark J Rowen of Prudential Financial reiterates his "overweight" rating on Bed Bath & Beyond (BBBY), while reducing his estimates for the company. The target price is set to $46.In a research note published this morning, the analyst mentions that the company has reported healthy 1Q results, with comp-store sales ahead of the estimates. Bed Bath & Beyond's EPS and total sales were marginally short of the estimates, the analyst says. Bed Bath & Beyond’s SG&A expenses for the quarter increased significantly due to stock option expenses and higher occupancy, lease accounting and advertising expenses, Prudential Financial adds. The EPS estimate for FY07 has been reduced from $2.19 to $2.18.
http://www.equityinvestmentideas.blogspot.com/
By Yaser Anwar, CSC of Equity Investment Ideas
Morgan Stanley upgraded to "overweight"- Analysts at Prudential Financial upgrade Morgan Stanley (MWD) from "neutral weight" to "overweight." The target price is set to $65.In a research note published yesterday, the analysts mention that the company has posted its 2Q06 EPS significantly ahead of the consensus. Morgan Stanley reported record revenues for its institutional securities division and robust results for its investment banking business. The performance of the company’s retail brokerage business during the quarter was boosted by increased retail activity, the analysts say.
Newmont Mining "neutral weight," estimates raisedAnalyst John C Tumazos of Prudential Financial reiterates his "neutral weight" rating on Newmont Mining Corp (NEM), while raising his estimates for the company. The target price is set to $50.In a research note published this morning, the analyst mentions that the gold and copper price estimates for 2006 have been raised from $550 per oz to $564 per oz and from $2.25 per pound to $2.50 per pound, respectively. The EPS estimate for 2006 has been raised from $1.05 to $1.15.
News Corp "buy"- Analyst Doug Shapiro of Banc of America Securities maintains his "buy" rating on News Corp (NWS). The target price is set to $24.In a research note published this morning, the analyst mentions that Ice Age 2 and X-Men 3 could generate $700 million in operating income for the company with more than $500 million to be realized in FY07. News Corp’s newspaper segment is likely to witness healthy growth next year due to positive currency effects, the sale of the TSL Education division and benefits of headcount reductions, the analyst says. Recent vents have increased the visibility into the company’s FY07 results, Banc of America Securities adds.
Kohls "buy"- Analyst Dana Cohen of Banc of America Securities maintains her "buy" rating on Kohls' (KSS). The target price is set to $66In a research note published this morning, the analyst mentions that the company has implemented two major systems initiatives, markdown and size optimization. The initiatives are expected to boost Kohl's sales and gross margin going forward, the analyst says. The opportunities from these initiatives are expected to start from 2H06 and extend until 2008.
Bed Bath & Beyond "overweight," estimates raisedAnalyst Mark J Rowen of Prudential Financial reiterates his "overweight" rating on Bed Bath & Beyond (BBBY), while reducing his estimates for the company. The target price is set to $46.In a research note published this morning, the analyst mentions that the company has reported healthy 1Q results, with comp-store sales ahead of the estimates. Bed Bath & Beyond's EPS and total sales were marginally short of the estimates, the analyst says. Bed Bath & Beyond’s SG&A expenses for the quarter increased significantly due to stock option expenses and higher occupancy, lease accounting and advertising expenses, Prudential Financial adds. The EPS estimate for FY07 has been reduced from $2.19 to $2.18.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 5:20 AM
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