11 Responses to Watchlist Video Review

308 says:

Citigroup out tonight on some ticks, nothing crazy:

Q: Reit Buy, Adding Q to Top Picks Live — We remain a buyer of Qwest with a revised tgt of $5.50 (from $4.50) and are adding Q to Top Picks Live.

REG: Downgrade to Hold from Buy.

X: No upgrade or anything, in fact slightly lowers ests, but “Positive on Steel/Iron –
..we recommend adding exposure to this early cycle sector by taking advantage of pull-backs…Our top three ideas are CLF, STLD and X.”

RIMM: Unsaid today, Verizon’s Buy One Get One (BOGO) free promotion has been extended beyond its planned end this past weekend due to the success of this promotion which is a positive for RIMM. (Reit) RIMM is our top pick with $100 target price. We see RIMM as the best investment for new money…
*Derivative Implications — RIMMs unit growth is good for contract manufacturers Celestica (CLS), Jabil (JBL) and Flextronics (FLEX) as well as distributor Brighpoint (CELL).

Citigroup on Semi’s: Favor 6-Mos Cyclical Picks FCS and ONNN and Secular Picks MXIM and SLAB.

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308 says:

RIMM: couple more things on RIMM today:

08:36 EDT
RIMM
Recommendations story about RIMM from Thomas Weisel
After the company’s analyst day, Thomas Weisel believes RIMM is still well-positioned in the enterprise and consumer space, and the firm anticipates that the company will manage its margins effectively in the near future. The firm maintains an Overweight rating on the stock.

08:28 EDT
RIMM
Recommendations story about RIMM from FTN Equity
FTN Equity found RIMM’s analyst day upbeat and reiterates a Buy rating on the stock.
08:22 EDT

RIMM
Research in Motion should be bought on any weakness, says Broadpoint AmTech
After RIMM’s analyst day, Broadpoint Am Tech recommends buying the stock on any weakness because the firm views RIMM’s comments on margins and inventory as positive.

08:10 EDT
RIMM
Research in Motion has compelling value, says JMP Securities
JMP Securities raised its target on RIMM to $89 from $67 after the company held its analyst day. The firm reiterates its Outperform rating, citing the product cycle, reasonable valuation, and changed expectations.

08:08 EDT
RIMM
Research in Motion target raised to $100 from $80 at BofA/Merrill
Shares are Buy rated.

07:49 EDT
RIMM
Research in Motion target raised to $79 from $64 at Kaufman
Kaufman is more positive about RIMM’s Blackberry after attending the company’s analyst meeting. However, the firm does not believe the stock justifies a Buy rating at its current valuation and it maintains a Hold rating on the shares.

07:02 EDT
RIMM
Research in Motion upgraded to Neutral from Underweight at JP Morgan
Target to $74.

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