2012-10-11 16:42:13 -
A number of stocks were upgraded and downgraded by equities research analysts
today, as reported by Analyst Ratings Network ( bit.ly/equitybriefdaily)
and Equity Brief:
Nomura initiated coverage on shares of SBA Communications Corp (SBAC). They
issued a buy rating on the stock.
SunTrust initiated coverage on shares of Select Comfort Corp. (SCSS). They
issued a neutral rating on the stock.
Deutsche Bank downgraded shares of Siemens ADR (SI) from a buy rating to a hold
Zacks upgraded shares of Shaw Communications Inc. (SJR) from a neutral rating to
an outperform rating. Zacks now has a $25.00 price target on the stock. Zacks'
analyst wrote, "We upgrade our recommendation to Outperform on Shaw
Communications mainly based on the company's improving EBITDA margin and free
cash flow due to the discontinuation of promotional activities.
The problem for
Shaw Communications was, whenever the company tried to reduce its promotional
activities it lost a large amount of pricier subscribers. On the other hand,
higher promotional activities are impairing its bottom line and free cash flow.
It seems management has finally found out an appropriate trade-off between these
two situations. Moreover, Shaw Communications launched "Shaw Go", an innovative
TV Everywhere service, which will be available on iPad 2 and iPhone 5.
Initially, this service will only offer the company's Movie Central
applications. However, in the near future, the company will offer streaming live
TV, on-demand content and several family-focused programs through Shaw Go. "
Howard Weil upgraded shares of Schlumberger (SLB) from an outperform rating to a
focus stock rating.
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Source: Equity Brief via Thomson Reuters ONE