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PETD Q1 Volume Down On Slow Pace Of Drilling Activity
Wednesday, May 12, 2010 - 3:10pm | 128Analysts at Morgan Joseph maintain their "buy" rating on Petroleum Development Corp (NASDAQ: PETD), while reducing their estimates for the company. The target price for PETD is set to $25. PETD has posted Q1 operating earnings better than the estimates. PETD’s volume was down due to “slightly...
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Benzinga’s Top Pre-Market Losers (ERII, HANS, TRMA, GXDX, DRWI)
Monday, May 10, 2010 - 9:44am | 175Energy Recovery Inc (NASDAQ: ERII) lost 18.18% to $4.41 in the pre-market session. Robert W. Baird downgraded ERII from “outperform” to “neutral.” Hansen Natural Corp (NASDAQ: HANS) tumbled 16.97% to $35.32 in the pre-market session. HANS’ EPS for the March quarter is 23.90% lower-than-expected....
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Cree And LodgeNet Among Morgan Joseph’s Top Six: CNBC (CREE, GLDD, LNET, MAT, SPPI)
Friday, April 30, 2010 - 7:30am | 155Morgan Joseph has come out with its annual “Stellar Six Stock Picks”. In an interview with CNBC, Morgan Joseph’s managing director, David Kestenbaum, shared his insight. His firm has picked Cree (NASDAQ: CREE), Great Lakes Dredge & Dock (NASDAQ: GLDD) and four other stocks as its favorites....
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Morgan Joseph Maintains Hold Rating On JAKKS Pacific, Inc. (JAKK)
Wednesday, April 21, 2010 - 2:17pm | 88Analyst Jeffrey Blaeser at Morgan Joseph has released an update on JAKKS Pacific, Inc. (NASDAQ: JAKK). JAKKS will report its first-quarter result on Thursday. According to Morgan Joseph, with key product lines Hannah Montana and WWE likely down and departed and the company’s focus on SKU reduction...
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Morgan Joseph: PALM Unlikely To Find Strategic Buyer
Thursday, April 15, 2010 - 1:19pm | 94Analysts at Morgan Joseph reiterate their “sell” rating on Palm (NASDAQ: PALM). The target price for PALM is set to $0. According to Morgan Joseph, "Despite speculation that Palm has put itself up for sale, we continue to believe that the likelihood of a strategic buyer emerging is minimal.”...
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Cree, Inc. Upgraded To Buy (CREE)
Wednesday, April 14, 2010 - 11:42am | 137Morgan Joseph upgraded Cree, Inc. (NASDAQ: CREE) to a BUY today on expectations that LED lighting, and component demand should be strong. The analyst put a price target of $100 on Cree, Inc., which is 20% above its current trading price. The analyst from Morgan Joseph believes that LED business...
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Morgan Joseph Raises Price Target For The Pep Boys- Manny, Moe & Jack (PBY)
Friday, April 9, 2010 - 2:04pm | 105Analyst Jeffrey Blaeser at Morgan Joseph has raised the price target for The Pep Boys- Manny, Moe & Jack (NYSE: PBY) to $15. The company reported fourth-quarter EPS of $0.01. Sales in the fourth-quarter benefited from the addition of 24 new stores, according to Morgan Joseph. The new stores...
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Morgan Joseph Says Monsanto Management Sobered (MON)
Thursday, April 8, 2010 - 12:53pm | 231In a research report today, analysts from Morgan Joseph said that it appears as if Monsanto's (NYSE: MON) management team has "swallowed a large helping of humility that, we hope, will serve the company down the road." On today's conference call, MON management "threw out its long-range guidance of...
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Barron’s; Amegen And Spectrum Top Pharma Picks (AMGN, ISIS, SPPI, GENZ)
Monday, April 5, 2010 - 5:24pm | 128Equity research firm Morgan Joseph has named its top picks in the biotech sector. According to Barron’s, these picks are Amgen (NASDAQ: AMGN), Isis (NASDAQ: ISIS), Genzyme (NASDAQ: GENZ) and Spectrum Pharma (NASDAQ: SPPI). The report has stated that these stocks have cheap valuations. These...
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Cummins Inc. Initiated With Buy (CMI)
Thursday, April 1, 2010 - 9:05am | 93Morgan Joseph Initiated Cummins Inc. (NYSE: CMI) with a Buy rating this morning and set their price target at $75. The firm believes that as the global economy pulls itself out of the recession, earnings could reach $3.30 per share in 2011. The company notes that CMI's all-time record EPS was $3.84...
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Morgan Joseph Positive On Gaming Sector
Wednesday, March 31, 2010 - 10:33am | 200Analysts at Morgan Joseph are positive on the gaming technology sector since they launched on the space in October 2008. “We believe our thesis still holds true and that sector fundamentals have not changed, only investor sentiment has,” the analysts mention. Nevada and New Jersey were the two hard...
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LAYN Likely To Report Q4 Results On Tuesday
Monday, March 29, 2010 - 10:54am | 141Analysts at Morgan Joseph reiterate their "hold" rating on Layne Christensen Company (NASDAQ: LAYN). The analysts expect LAYN to earn $0.28 for the latest quarter. ”We will be looking for commentary on: whether MinEx customers are ramping up their capital spending plans, given commodity prices; how...
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Palm’s Survival Doubtful Going Forward
Friday, March 19, 2010 - 10:07am | 165Analysts at Morgan Joseph downgrade Palm Inc (NASDAQ: PALM) from “hold” to "sell." The target price for PALM is set to $0. PALM has posted lower-than-expected results for FQ3 10. Moreover, Palm has forecasted its revenues for F4Q10 at less than $150 million, as sell-through rates at carrier...
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Suspension Of ICDs And CRT-Ds Shipment Could Erode BSX’s Market Share
Tuesday, March 16, 2010 - 1:19pm | 151Analysts at Morgan Joseph maintain their "hold" rating on Boston Scientific Corporation (NYSE: BSX). According to Morgan Joseph, “Boston Scientific announced that it had stopped shipment and is retrieving field inventory for all of its implantable cardioverter defibrillators (ICDs) and cardiac...
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MTR Gaming Group, Inc. (MNTG) Maintains Hold Rating
Monday, March 15, 2010 - 10:47am | 114Analyst Justin T. Sebastiano at Morgan Joseph has released an update on MTR Gaming Group, Inc. (NASDAQ: MNTG). The company reported its fourth-quarter results on Friday. MTR Gaming Group reported a loss of $0.20 per share in its fourth-quarter, higher than Morgan Joseph’s estimate of a loss of $0....