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From the Blogosphere
Notable Analyst Rating Changes 4/28: TKR, OEH, OMC Upgraded; WY, NTAP, BJS, BEAV Downgraded
UPGRADES:Bank of America upgrades Timken (NYSE: TKR) from Neutral to Buy.J.P. Morgan upgrades Orient-Express Hotels (NYSE: OEH) from Underweight to Neutral.Deutsche Bank upgrades Omnicom (NYSE: OMC) from Sell to Hold. Price target increased from $21 to $31. Click here to see the full report. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Deutsche Bank downgrades Weyerhaeuser (NYSE: WY) from Buy to Hold. Price target increased from $30 to $38. Click here for more color.Bank of America downgrades NetApp (Nasdaq: NTAP) from Buy to Neutral. Price target incr...
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Weyerhaeuser: A Good Near Term Short Opportunity
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<>Yesterday Weyerhaeuser (WY) was upgraded by Deutsche Bank to Buy. This might normally be a signal to buy. Certainly a lot of people interpreted it this way as the stock ran up more than $2 today. However, today’s action has completed a run up from a bottom of $18.67 to a strong resistance level $26.10 to $26.87. WY may be set to fall from here at least in the near term. The NAHB’s March Housing Index was reported at 9 yesterday. This is the same as February’s reading. It is very low. The upgrade effect normally wears off after a day or so. When the building permits numbers and the hou<>...
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Weyerhauser: A Good Near Term Short Opportunity
<>Yesterday Weyerhaeuser (WY) was upgraded by Deutsche Bank to Buy. This might normally be a signal to buy. Certainly a lot of people interpreted it this way as the stock ran up more than $2 today. However, today’s action has completed a run up from a bottom of $18.67 to a strong resistance level $26.10 to $26.87. WY may be set to fall from here at least in the near term. The NAHB’s March Housing Index was reported at 9 yesterday. This is the same as February’s reading. It is very low. The upgrade effect normally wears off after a day or so. When the building permits numbers and the h< />...
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Trading Radar for 2/6: Biogen (BIIB), Toyota (TM), Weyerhaeuser (WY), LaBarge (LB) Report; Unemployment Rate for Jan. Due
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:Before Market Opens:Economics:8:30am ET - Nonfarm Payrolls for Jan. - Street expects down 540K
- Unemployment Rate for Jan. - Street expects 7.5%, compared to 7.2% in Dec.
Earnings:Biogen (Nasdaq: BIIB) - consensus EPS $0.92Harris Interactive (Nasdaq: HPOL) - consensus loss $0.01Hillenbrand (NYSE: HI) - consensus EPS $0.43LaBarge (NYSE: LB) - consensus EPS $0.22Nu Skin (NYSE: NUS) - consensus EPS $0.26Toyota (NYSE: TM)Weyerhaeuser (NYSE: WY) - consensus loss $0.57Intraday or Not Specified:Econo...
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GM Plans Pay Cuts For Salaried Workers
Every week there are stories involving workers voluntarily, or involuntarily involved in pay cuts. Kicking this week off, General Motors Said to Plan Pay Cuts for Salaried Employees.
<>General Motors Corp., racing to meet U.S. conditions to keep $13.4 billion in government loans, will include pay cuts for salaried employees in a restructuring plan to be submitted Feb. 17, people familiar with the plan said.
The pay cuts will be in addition to firings of thousands of salaried workers required to cut expenses as the largest U.S.- based automaker tries to win concessions from bondholders, labor un...
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