Change in Ratings
Aflac(AFL Quote) coverage initiated at SunTrust Robinson Humphrey with a buy rating. Sees increased demand in Japan as the government shrinks coverage. Believes the strengthening yen and pre-tax margin increases will boost earnings this year. Price target of $78.00. Brasil Telecom Participacoes(BRP Quote) downgraded at JPMorgan to underweight from neutral. Believes stock trading at a premium to TMAR is unjustified. Sees no positive outlook with the Telemar/BRP combination. Price Target reduced to $80. Anheuser-Busch(BUD Quote) downgraded at UBS to neutral from buy. Price target raised to $65 from $58. Maintains 2008 EPS estimates of $3.06. Fifth Third Bancorp(FITB Quote) downgraded at BMO Capital Markets to market perform from outperform at BMO. Believe charge-offs will come in above management's target, based on deteriorating conditions in housing. Also expect dividend cut. Price target lowered to $16 from $25. Finisar(FNSR Quote) downgraded at Piper Jaffray to neutral from buy based on integration risk from its Optium acquisition. Cuts target price to $1.75 from $2. NetSuite(N Quote) rated new hold at Deutsche Bank. Believes at current levels, risk/reward is balanced. Sets $22 target price. Online Resources(ORCC Quote) rated new buy at Piper Jaffray. Believes company is poised for solid organic revenue growth and has a favorable competitive position. Sets $14.50 target price. Rent-A-Center(RCII Quote) coverage initiated at Morgan Keegan with a market perform rating. Note favorable environment for rent-to-own stores based on credit environment, especially for subprime borrowers. Note ongoing legal concerns. Price target at $22. Time Warner(TWX Quote) coverage initiated at Stanford Group with a buy rating. Believes new CEO cost cuts initiative improve cash flow. Sees major buybacks and strategic acquisitions if cable unit separates. Price target at $20.00.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
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UP
203.52
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UP
23.77
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UP
41.62
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DOWN
0.17
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10 Yr
3.49%
SPDR Gold
108.19
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+2.03%
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-0.49%
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