Sterne Agee & Leach

A report from Sterne Agee initiates coverage on Spirit AeroSystems Holdings (NYSE: SPR) with a Buy rating and $28 price target. The report states, “SPR is a $2.1 billion market cap company that is well positioned to grow from commercial aerospace up-cycle with backlog at over $30 billion. SPR has...

A report from Sterne Agee initiates coverage on Rockwell Collins (NYSE: COL) with a Neutral rating. The report states, “On the military side, the focus on net-centric warfare places COL's market leading communications, navigation, displays and integrated systems solutions in high demand. COL's...

A report from Sterne Agee initiates coverage on Precision Castparts (NYSE: PCP) with a Buy rating and $190 price target. The report states, “PCP is well positioned to harvest the gains of the commercial aerospace upcycle, especially with a vertical integration cost structure that allows...

A report from Sterne Agee initiates coverage on BE Aerospace (NASDAQ: BEAV) with a Buy rating and a $49 price target. The report states, “This business is well positioned and should provide significant earnings leverage as volume continues to recover and cost synergies are generated from the...

In a published report, Sterne Agee lowers its rating on Dillard's, Inc. (NYSE: DDS) to Neutral and its price target from $58 to $47 as margins are facing pressure and are potentially reverting. Sterne Agee says it was lowering “‘11E/12E EPS from $4.13/$4.91 to $3.96/$4.52 as margins now appear at...

Sterne Agee has initiated coverage on the following companies: BE Aerospace Inc. - (NASDAQ: BEAV) Buy, $49 PT Precision Castparts Corp. - (NYSE: PCP) Buy, $190 PT Rockwell Collins Inc. - (NYSE: COL) Neutral, Spirit AeroSystems Holdings Inc. CI A - (NYSE: SPR) Buy, $28 PT The Boeing Company...

A report from Sterne Agee downgrades its rating from Buy to Neutral on Research in Motion (NASDAQ: RIMM). The report states, “We are downgrading our rating on RIMM to Neutral from Buy. The key reason we are doing so is because we believe forward consensus estimates are likely too high in light of...

Sterne Agee has downgraded Research In Motion (NASDAQ: RIMM) from Buy to Neutral.

Sterne Agee has downgraded Research In Motion (NASDAQ: RIMM) from Buy to Neutral.

A report from Sterne Agee reiterates its Neutral rating on Oceaneering International (NYSE: OII). The report states, “OII has agreed to pay 1.365 billion Norwegian Kroner (app. US$240 million) to acquire AGR Field Operations (AGR FO), a wholly owned subsidiary of AGR Group ASA (Oslo: AGR – 11.10...

A report from Sterne Agee reiterates its Buy rating and $16 price target on Investors Bancorp (NASDAQ: ISBC). The report states, “With capital (TCE/TA) expected to fall below 8% early next year following the Brooklyn Federal acquisition, we believe a fairly well telegraphed second step conversion...

A report from Sterne Agee reiterates its Neutral rating, establishes a $2.53 price target, and raises its FY13 EPS estimate to $.20 on Quantum (NYSE: QTM). The report states, “Mid 3Q12 check into the channel suggests positive DXi traction with smaller regional VARs. We continue to view success at...

A report from Sterne Agee reiterates its Buy rating, raises its price target from $65 to $70, and raises its FY12/13 EPS estimates from $3.43/$4.38 to $3.69/$4.46 on Genesco (NYSE: GCO). The report states, “Based on the apparent fact that kids ages 12-17 are buying more shoes than clothes and the...

A report from Sterne Agee reiterates its Underperform rating and $36 price target, and raises its FY12 EPS estimate by $.05 to $2.60 on First Cash Financial Services (NASDAQ: FCFS). The report states, “Following a detailed look at the impact of likely jewelry scrapping volume, margins and the...

A report from Sterne Agee reiterates its Neutral rating, lowers its price target from $28 to $27, and lowers its FY12/13 EPS estimates by $.15 and $.06 to $1.83 and $2.22 on Eaton Vance (NYSE: EV). The report states, “Adjusted operating earnings of $0.47 were in line with our estimate and $0.02...