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All Blog Posts Tagged 'raised' (39)

SMF Notes NFLX Netflix upgraded to Outperform at Wedbush; tgt raised to $155;

believes an acquisition of streaming business by Amazon (AMZN) makes sense (128.50 )

Wedbush upgrades NFLX to Outperform from Underperform and raises their tgt to $155 from $110. Upon reflection, it appears to firm that the driver for the separation of Netflix into two businesses—Netflix.com (for streaming) and Qwikster.com (for DVD rentals)—was to position the streaming business for sale to Amazon.com (AMZN). In its… Continue

Added by ken flagg on September 22, 2011 at 9:07am — No Comments

SMF Notes Priceline.com target raised to $640 at Deutsche Bank (532.86 +49.52)

Deutsche Bank raises their PCLN tgt to $640 from $625 following earnings. Firm says the secular growth continues at the company, as evidenced by room night growth of 56% Y/Y. They think this robust growth in volumes will likely continue, as growth continues to be robust in Europe, and the fast growing Asia-Pacific region is starting to become a more meaningful portion of the mix. They would be buyers given the growth coming in at a discount.

Added by ken flagg on August 5, 2011 at 11:39pm — No Comments

SMF Notes NFLX Netflix target raised to $360

at Oppenheimer on global roll-out & revised pricing plan (279.00 )

Oppenheimer raises their NFLX tgt to $360 from $280 following several announcements related to int'l expansion and NFLX's revised pricing plan.

They believe Netflix is transforming the model for global content distribution at economics that are favorable to the content industry. Their model now…

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Added by ken flagg on July 19, 2011 at 3:49pm — No Comments

SMF Notes GOOG Google target raised to $790

at RBC Capital Mkts following last night's earnings (528.94 )

RBC Capital Mkts raises their GOOG tgt to $790 from $680 after co reported its strongest quarter in several years, with revenue handily exceeding all expectations at +36% Y/Y and, more importantly, EBITDA margins holding steady at 54.5%, in line with consensus. The biggest differences between this quarter and 3Q10 (the last "beat and raise") are that: 1)… Continue

Added by ken flagg on July 15, 2011 at 9:10am — No Comments

SMF Notes FSLR First Solar target raised to $170 at UBS (133.06 +0.79)

UBS raises their FSLR tgt to $170 from $165 after the Department of Energy announced today First Solar's 3 US projects would receive loans for Antelope Valley at $680 mln, Desert Sunlight at $1.9 bln and Topaz Solar at $1.9 bln which combined was in line with their $4.4 bln est. A key loan condition is First Solar must start construction by Sept 30, 2011 and firm says checks find Antelope Valley has all permits, Desert Sunlight is very close and Topaz Solar is… Continue

Added by ken flagg on July 1, 2011 at 11:15am — No Comments

SMF Notes AAPL Apple target raised to $485 at Canaccord Genuity (338.04 )

Canaccord Genuity raises their AAPL tgt to $485 from $480 saying they believe Apple's iOS 5 updates and enhancements extend Apple's software ecosystem leadership with over 200 mln iOS devices sold. Further, they believe the tight integration of Apple's MacOS, iOS, and iCloud offerings creates an extremely sticky customer base. As such, they believe a growing and loyal user base will result in strong devices sales and earnings growth for the next several… Continue

Added by ken flagg on June 7, 2011 at 4:36pm — No Comments

SMF Notes MA MasterCard ests and target raised to $325 at Argus (280.00 )

SMF Notes MA MasterCard ests and target raised to $325 at Argus (280.00 )

Argus raises their MA tgt to $325 from $300 and 2011 EPS forecast as well. Investors in the card space continue to focus on the Durbin Amendment. Back in December 2010, the Federal Reserve proposed deep cuts to debit card interchange fees. MasterCard CEO Ajay Banga expects the Fed to propose final regulations by its July 21 deadline, and…

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Added by ken flagg on May 16, 2011 at 9:44am — No Comments

SMF Notes BSFT Broadsoft target raised to $48 at Needham (42.51 -0.67)

Needham raises their BSFT tgt to $48 from $45 following earnings. Firm notes the co delivered its fourth significant beat and raise quarter in as many quarters as a public company as the secular trends towards hosted IP services and SIP trunking showed continued momentum. The modest downdraft in the shares following a strong beat and raise Q demonstrate the high expectations in the stock and perhaps some concern about the impact of higher reported 2012 tax rate.… Continue

Added by ken flagg on May 9, 2011 at 2:28pm — No Comments

SMF Notes Early Research Calls 1

Upgrades:

· Heritage Financial (HFWA 14.28) upgraded to Outperform from Market Perform at Keefe Bruyette; tgt $19

· Cubist Pharma (CBST 25.25) upgraded to Outperform from Neutral at Robert W. Baird; tgt raised to $35 from $22. Firn expects a strong open in the high $20s on major de-risking but would be buyers into the low… Continue

Added by ken flagg on April 5, 2011 at 7:13am — No Comments

SMF Notes FDO Family Dollar target raised to $54 at Wedbush following Trian offer

Wedbush notes, last night, Trian Group made an (hostile) offer to buy FDO at $55-$60/shr, which it believes is more than generous compared to recent take-out offerings. Firm considers it good news that some in its peer group that we like better are up on the news. In its view, FDO management has made major attempts to thwart the previous increased Trian ownership by initiating an accelerated growth and initiatives plan to drive store productivity and profitability.… Continue

Added by ken flagg on February 16, 2011 at 10:23am — No Comments

SMF Notes NFLX Netflix target raised to $316 at Caris & Company (235.15 +4.08)

Caris notes, with NFLX cruising past its target yet again on Friday, and up a stealth 26.2% since the company's FQ4 earnings call just 3 weeks ago, firm obviously has the choice between downgrading the stock or raising its target price. Firm is choosing the latter after carefully re-evaluating our COGS profile for 2011 and beyond, and concluding once again, as it did several times in 2010, that its assumptions for COGS are too conservative given that rapid adoption… Continue

Added by ken flagg on February 14, 2011 at 4:21pm — No Comments

SMF Notes ICE IntercontinentalExchange target raised to $138 at UBS (127.35 +4.22)

UBS raises their ICE tgt to $138 from $133 following earnings. Firm says growth across ICE's different businesses are being propelled at an industry leading pace by multiple secular drivers, including globalization, emerging market energy demand, the de- Balkanization of European power markets, the liberalization of developing economies, and regulatory reforms impacting the OTC landscape. With the stock trading at only a modest premium to group blue chip CME, they believe the market is not… Continue

Added by ken flagg on February 10, 2011 at 2:42pm — No Comments

SMF Notes MOS Mosaic ests and target raised to $102 at RBC Capital Mkts (78.57 )

RBC Capital Mkts updated its financial forecast for Mosaic to reflect an increase to its FYQ4/12 and FY2013 potash price forecasts. Its new tgt of $102.00 reflects a FY2013E EV/EBITDA multiple of 9.0x (unchanged), which it believes is reasonable based on Mosaic's future growth opportunities and our fundamental outlook for the potash and phosphate industries. Reflecting its new potash price assumptions, RBC increased its FY2012 and FY2013 EPS estimates from $4.54… Continue

Added by ken flagg on January 28, 2011 at 9:36am — No Comments

SMF Notes GOOG Google target raised to $800 at Canaccord Genuity (637.44 +10.67)

Canaccord Genuity raises their GOOG tgt to $800 from $750 saying Google showed the kind of accelerating growth that they expect to continue as ad dollars shift online. Moreover, Google continues to gain share in search as mobile drives significant growth in usage, and display becomes more meaningful.

Added by ken flagg on January 21, 2011 at 1:33pm — No Comments

SMF Notes GOOG Google target raised to $700 at ISI Group

ISI Group raises their GOOG tgt to $700 from $675 after strong earnings. ISI notes growth of website revenues accelerated meaningfully, which they view was driven by an 11% increase in aggregate paid clicks on a sequential basis, a level that has not been achieved since the 22% q/q growth registered in 4Q06. Although firm continues to view the co as having multiple solid growth engines, they remain on the sidelines as they expect the co's top line growth to… Continue

Added by ken flagg on January 21, 2011 at 10:25am — No Comments

SMF Notes GOOG Google target raised to $705 at Oppenheimer (624.18 )

Oppenheimer raises their GOOG tgt to $705 from $640 based on rolling their target forward to discount 2012, and modest assumptions for higher Non-Search revenue such as Display, YouTube, Mobile and Maps. Firm says this assumes the "Non-Search Spread" increases to 6% in FY13 from 3% in 3Q10, or an additional $3 bln. For 4Q10, they generally expect solid results, driven by strong eCommerce sales.

Added by ken flagg on January 18, 2011 at 9:06am — No Comments

SMF Notes GOOG Google target raised to $690 at Kaufman Bros

Kaufman Bros raises their GOOG tgt to $690 from $650 saying U.S. holiday online sales were strong, even at the tail end of the season. Firm says continued strength was a surprise, especially as retailers had front-loaded offers, now the upside is certain. Firm says eCommerce spend accelerated to 12% Y/Y growth season-to-date per comScore; MasterCard estimate is 15% Y/Y and Google should benefit from eCommerce strength.

Added by ken flagg on December 27, 2010 at 9:26am — No Comments

SMF Notes AMZN Amazon.com target raised to $195 at Barclays Capital (180.83 +2.75)

Barclays Capital is raising their Q4 and 2011 ests for AMZN as they believe the online holiday season has been strong and Amazon continues to gain share both online and offline. For 4Q10, their rev est increases to $13 bln from $12.6 bln (consensus is $12.9 bln) and GAAP EPS increases to $0.86 from $0.79 (consensus is $0.88). Firm believes the extension of Free Super Saver Shipping enabled AMZN to capture a greater share of holiday sales over this past…

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Added by ken flagg on December 20, 2010 at 4:17pm — No Comments

SMF Notes ITMN InterMune target raised to $56 at Stifel Nicolaus (34.89 )

Stifel Nicolaus raises their ITMN tgt to $56 from $17 to reflect pirfenidone's (branded Esbriet) almost-certain 1Q11 approval in Europe and to incorporate management's guidance around the timing/strategy of its commercial launch. It believes current valuation (despite the >2x move) still underestimates the substantial commercial opportunity in IPF and firm expects the level of "strategic interest" to be high given Esbriet's extended exclusivity period,…

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Added by ken flagg on December 20, 2010 at 9:27am — No Comments

SMF Notes JOYG Joy Global tgt raised to $96 at RBC following earnings (85.78 )

RBC is raising their JOYG tgt to $96 from $88 on higher ests; net, with $1 bln of new bookings and high commodity prices/rising demand expected to drive mining capex +15-20% next year, they expect JOYG's FY11 results to benefit, regardless of the changing competitive landscape (i.e., they believe it offers more than just scarcity value in the year ahead despite the announced CAT/BUCY combination, which is expected to close mid CY11). With 75-80% of its…

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Added by ken flagg on December 16, 2010 at 9:41am — No Comments