Stock Upgrades & Downgrades To Consider- UBS, YHOO, FTIB & ABX
By Yaser Anwar, CSC of Equity Investment Ideas
UBS downgraded to “underweight"- Analysts at JP Morgan downgrade UBS (UBS) from "neutral" to "underweight." The target price has been reduced from SF75 to SF73.
In a research note published this morning, the analysts mention that significant uncertainties have been created by the MiFID regulation. MiFID could lead to a structural change and UBS has significant exposure to these trends on account of its integrated business model, the analysts say. Regulatory change could negatively impact the company’s EPS by 7.2%, JP Morgan adds. The analysts believe that the quality of UBS’s investment banking division is overstated.
Yahoo! upgraded to "outperform"- Analyst Jordan Rohan of RBC Capital Markets upgrades Yahoo (YHOO) to "outperform." The target price is set to $33.
In a research note published yesterday, the analyst mentions that despite a slow beginning to the quarter, the company’s branded advertising is expected to rise in the current quarter. Yahoo!’s marketing budget has been bolstered by the company’s streaming video capabilities and its geo-targeting potential, the analyst adds
Fifth Third Bancorp "sector perform," target price reduced
Analyst Jon G Arfstrom of RBC Capital Markets maintains his "sector perform" rating on Fifth Third Bancorp (FITB), while reducing his estimates for the company. The target price has been reduced from $40 to $38.
In a research note published this morning, the analyst mentions that the company's mid-quarter update for the third quarter reflects mixed trends. Fifth Third Bancorp's net interest income is expected to be sequentially flat during the quarter due to margin compression, an increase in funding costs and shrinking securities portfolio, the analyst says. The EPS estimates for 2006 and 2007 have been reduced from $2.71 to $2.67 and from $3.00 to $2.86, respectively, primarily to reflect margin pressure and high credit costs.
Barrick Gold "buy"- Analyst Barry Allan of Research Capital maintains his "buy" rating on Barrick Gold Corp (ABX). The target price is set to $50.
In a research note published this morning, the analyst mentions that the company has declared the sale of its 50% stake in the South African South Deep mine for $1.53 billion. The analyst considers the sale as a good strategic move that would allow Barrick Gold to shift its focus towards better long-term value assets, since the South Deep mine has proven to be a high-cost mine in terms of management time as well as capital consumption.
http://www.equityinvestmentideas.blogspot.com/
UBS downgraded to “underweight"- Analysts at JP Morgan downgrade UBS (UBS) from "neutral" to "underweight." The target price has been reduced from SF75 to SF73.
In a research note published this morning, the analysts mention that significant uncertainties have been created by the MiFID regulation. MiFID could lead to a structural change and UBS has significant exposure to these trends on account of its integrated business model, the analysts say. Regulatory change could negatively impact the company’s EPS by 7.2%, JP Morgan adds. The analysts believe that the quality of UBS’s investment banking division is overstated.
Yahoo! upgraded to "outperform"- Analyst Jordan Rohan of RBC Capital Markets upgrades Yahoo (YHOO) to "outperform." The target price is set to $33.
In a research note published yesterday, the analyst mentions that despite a slow beginning to the quarter, the company’s branded advertising is expected to rise in the current quarter. Yahoo!’s marketing budget has been bolstered by the company’s streaming video capabilities and its geo-targeting potential, the analyst adds
Fifth Third Bancorp "sector perform," target price reduced
Analyst Jon G Arfstrom of RBC Capital Markets maintains his "sector perform" rating on Fifth Third Bancorp (FITB), while reducing his estimates for the company. The target price has been reduced from $40 to $38.
In a research note published this morning, the analyst mentions that the company's mid-quarter update for the third quarter reflects mixed trends. Fifth Third Bancorp's net interest income is expected to be sequentially flat during the quarter due to margin compression, an increase in funding costs and shrinking securities portfolio, the analyst says. The EPS estimates for 2006 and 2007 have been reduced from $2.71 to $2.67 and from $3.00 to $2.86, respectively, primarily to reflect margin pressure and high credit costs.
Barrick Gold "buy"- Analyst Barry Allan of Research Capital maintains his "buy" rating on Barrick Gold Corp (ABX). The target price is set to $50.
In a research note published this morning, the analyst mentions that the company has declared the sale of its 50% stake in the South African South Deep mine for $1.53 billion. The analyst considers the sale as a good strategic move that would allow Barrick Gold to shift its focus towards better long-term value assets, since the South Deep mine has proven to be a high-cost mine in terms of management time as well as capital consumption.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 4:48 AM
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