বুধবার, ২৭ মার্চ, ২০১৩

Stock Downgrades: Apollo Investment An Appalling ... - Minyanville

Stocks slumped after a financial deal worked out in the wee hours of the morning received a tepid response from investors. But enough about?our first budget in almost half a decade. It was minuscule Cyprus that again dominated the day, taking markets down with it.
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A new study showed the ?insourcing? trend picking up momentum, which will be news to outsourcer?StarTek?(SRT), which surged 9.68% to finish at a fresh 52-week peak.?Dell Inc. (DELL) gained 2.62% after 66-year-old Stephen Schwarzman and 77-year-old Carl Icahn expressed an interest in its old school PCs, but Yahoo (YHOO) demonstrated that the future ultimately belongs to 17-year-olds.
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And with?red crabs on the march in Christmas Island, Red Lobster owner Darden Restaurants (DRI) rode an?analyst upgrade?to rise 1.53%.
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After a quiet couple of sessions the pace of economic data picks up with two releases due at 10:00 a.m. Eastern, namely February new home sales and consumer confidence for March. On the corporate front,?Bank of China?(PINK:BACHY), Children?s Place?(PLCE),?GOL Linhas A?reas Inteligentes?(GOL),?Mattress Firm Holding?(MFRM), Neogen?(NEOG), and?Turquoise Hill?(TRQ) are all due to report results.
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Anglo American?(PINK:AAUKY): The commodity company, which owns an 85% stake in South African diamond giant De Beers, gets downgraded to Underperform from Sector Perform at RBC Capital.
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Apollo Investment?(NASDAQ:AINV): Wells Fargo reduces its recommendation to Underperform from Market Perform, sending shares down 1.64% this morning.
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Ashland?(ASH): Longbow lowers the chemical name to Neutral from Buy.
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Cabot Oil & Gas?(COG): The stock is taken to Hold from Buy at Stifel.
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Gordmans Stores?(GMAN): Shares, nose-diving 9.28% ahead of the open, are now Neutral from Overweight at Piper Jaffray. A troubling mix of merchandising problems and inventory issues were revealed in the company?s latest earnings release.
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Kraton Performance Polymers?(KRA): Oppenheimer cuts the company to Perform from Outperform.
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Magellan Health Services?(MGLN): Raymond James moves MGLN to Market Perform from Outperform.
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MeadWestvaco?(MWV): The paper and packaging powerhouse is now Neutral from Buy at UBS.
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Pennant Investment?(PNNT): Shares are moved to Market Perform from Outperform with Wells Fargo.
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Southwestern Energy?(SWN): Stifel slashes the stock to Hold from Buy.
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Telecom Italia?(TI): Shares are currently falling about 5% in today?s Milan trading on an Underperform-from-Neutral ratings reduction by Bank of America-Merrill Lynch and an Equal Weight from Overweight downgrade at Barclays.
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Two Harbors Investment?(TWO): TWO is taken to Neutral from Buy with a fresh target price of $14.75 at Compass Point, which says multiple expansion opportunities appear limited in light of a full current valuation.

(See also:?New Stock Coverage: Sibanye Gold Set to Glitter?and?Stock Upgrades: Electronic Arts Isn?t Playing Around.)

No positions in stocks mentioned.

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Source: http://www.minyanville.com/trading-and-investing/stocks/articles/Stock-Downgrades253A-Apollo-Investment-an-Appalling/3/26/2013/id/48923

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