The spread between Brent and WTI crude is now more than $15 per barrel.
Comments »Monthly Archives: April 2011
Become a Member of The “Dead Pool”
Kraton Performance Polymers (NYSE:KRA): Raise Estimates
Oppenheimer is out very positive on Kraton Performance Polymers (NYSE:KRA) raising their price target to a whopping $67 (prev. $50) while reiterating Outperform rating on the name. Click here for story
Comments »Crack Spreads @ 4yr Highs; Up 1.79% @ $27.24
We may see over $30 and change shortly for 5 yrs highs. Go WNR, TSO, VLO, & HOC
Comments »Upgrades and Downgrades This Morning
Upgrades
AAPL – Data points are pointing toward a full-blown smart TV from Apple – Ticonderoga
HSIC – Henry Schein upgraded to Buy from Neutral at Goldman
ENDP – Endo Pharm target raised to $53 at Stifel Nicolaus following AMS acquistion
GOOG – Google: Kaufman expects a solid Q1
FAST – Fastenal upgraded to Buy from Neutral at UBS
RVBD – Riverbed Technology upgraded to Buy from Hold at ThinkEquity
ITMN – InterMune upgraded to Outperform from Market Perform at Wells Fargo
NCT – Newcastle Investment upgraded to Buy at Stifel Nicolaus; tgt $8
CFN – CareFusion upgraded to Overweight from Neutral at JP Morgan
PRGO – Perrigo tgt raised to $100 at Collins Stewart following FDA’s close out of its warning letter
SNI – Scripps Networks Interactive initiated with a Buy at Needham – tgt $62
SINA – Sina initiated with a Buy at Jefferies; tgt $150
BIDU – Baidu.com initiated with a Buy at Jefferies; tgt $200
Downgrades
SUN – Sunoco downgraded to Sell at The Benchmark Company; tgt $34
TXN – Texas Instruments preview: near-term Japan issues, but good long-term consolidation & OMAP story; ests lowered – Sterne Agee
MON – Monsanto: Don’t count on a takeover offer from BASF – Stifel Nicolaus
ORLY – O’Reilly Auto downgraded to Underweight from Neutral at JP Morgan
CHKP – Check Point Software: Wunderlich expects results generally in line with consensus; currency/exposure to Japan potential headwinds to June Q upside
SKH – Skilled Healthcare downgraded to Hold from Buy at Citigroup
JASO – JA Solar ests and tgt lowered to $8 at Aurgia on higher input costs
BA – Boeing initiated with Reduce at Nomura
TCK – Teck Resources initiated with a Hold at BB&T
Comments »Gapping Up and Down This Morning
Gapping Up
RVBD +14.4%, ADTN +5.8%, APKT +4.9%, JNPR +3.8%, FFIV +3.4%, RDWR +2.3%, BCSI +2.1%, CIEN +1.4%, HMY +2.3%, SLW +1.5%, MT +1.4%, AA +1.2%, SLV +1%, RIO +0.9% (reported production data), BBL +0.8%, BHP +0.7%, GLD +0.5%, REE 2.9%, MCP 2.3%, SHZ 1.7%, CLF +1.8%, BIDU +1.6%, SINA +0.6%, GRM +16.5%, SLGN +5.5%, BJ +1%
Gapping Down
HCSG -9.8%, BSPM -8.2%, INVE -3%, TYC -1.6%
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