Movers & shakers

Thursday Morning, March 30th

European Markets:

Presently up 1/2% this morning

Breaking News:

• ~J.P. Morgan is close to buying 300 retail branches from the Bank of New York. They could have a value as much as $4 billion;
  
• ~Goldman Sachs downgrades the Leisure industry including CCL, and HDI. They would look to invest in the Gaming and Hotel industry.
  
• ~Healthy spending in the Computer Sciences and the IT Consulting Survey. They like CAN, IBM, CTSH, INFY, TCS, WIT.
  
• ~JPHQ raised Mississippi casinos including MGM, PENN, PNK, and BYD;
  
• ~MFLX - buying MFS Technology;
  
• ~CBS - possibly buying Univision;
  
• ~AMLN - announced to sell 10M shares at $46.50;
  
• ~LVS - made a $3.7B bid for a casino in Marina Bay, Singapore;
  

Brokerage Opinions:

• ~AAPL - Smith Barney says to buy on weakness
  
• ~Morgan Stanley likes CME (target $475)
  
• UNH - Prudential believes they will far exceed expectations and reiterate overweight. They believe powerful cash flows could fuel a share buyback. Target $72.
  

Upgrades:

• SWKS Skyworks Oppenheimer Neutral » Buy $8
  
• LUB Luby's Matrix Research Hold » Buy
  
• WIRE Encore Wire Corp Matrix Research Sell » Strong Buy
  
• FCX Freeport-McMoRan Morgan Stanley Underweight » Equal-weight
  
• MBI MBIA Inc Morgan Stanley Underweight » Equal-weight
  
• CRWN Crown Media Jefferies & Co Hold » Buy $8.25
  
• ELX Emulex Citigroup Sell » Hold
  
• AVT Avnet Morgan Stanley Underweight » Overweight
  
• PD Phelps Dodge Morgan Stanley Equal-weight » Overweight
  
• LEA Lear Wachovia Underperform » Mkt Perform
  
• HPC Hercules Jefferies & Co Hold » Buy $16
  
• NCX NOVA Chemicals JP Morgan Underweight » Neutral
  
• MYG Maytag Prudential Underweight » Neutral $14 » $21
  
• VARI Varian Thomas Weisel Peer Perform » Outperform
  
• HPC upgraded by Jefferies to Buy
  
  
• IN Intermec Lehman Brothers Equal-weight
  
• SFNT SafeNet Friedman Billings Outperform $32
  
• BOT CBOT Holdings Morgan Stanley Equal-weight $105
  
• PNX The Phoenix Cos Citigroup Buy
  
• NILE Blue Nile Citigroup Buy
  
• RSAS RSA Security CIBC Wrld Mkts Sector Perform
  
• ISE Int'l Securities Exchange Morgan Stanley Underweight $36
  
• CME Chicago Mercantile Morgan Stanley Overweight $475
  
• SCUR Secure Computing Friedman Billings Outperform $15
  
• VRSN VeriSign CIBC Wrld Mkts Sector Perform $26
  
• THQI THQ Inc Kaufman Bros Buy $31
  
• ERTS Electronic Arts Kaufman Bros Buy $63
  
• TTWO Take-Two Kaufman Bros Buy $22
  
  
• LNDC Landec Corp Nollenberger Capital Buy $9.15 » $9.50
  
• HET Harrah's Citigroup Buy $80 » $90
  
• CHAP Chaparral Steel Ferris Baker Watts Buy $65 » $80
  
• TWTC Time Warner Tcom Kaufman Bros Buy $16 » $21
  
• NTCT NetScout Systems Kaufman Bros Buy $9 » $11
  
• RFMD RF Micro Device Oppenheimer Buy $7.50 » $9
  
• GE General Electric Morgan Stanley Overweight $42 » $44
  
• CENX Century Aluminum Morgan Stanley Overweight $43 » $53
  
• QUIK QuickLogic Needham & Co Buy $5.50 » $6
  
• MEND Micrus Endovascular Needham & Co Buy $12 » $16
  
  
• CELL Brightpoint CIBC Wrld Mkts Sector Outperform $24 » $35
  
• SHFL Shuffle Master Banc of America Sec Buy $31 » $38
  
• RI Ruby Tuesday Banc of America Sec Buy $30 » $34
  
• CSCO Cisco Systems Banc of America Sec Buy $22 » $25
  
• CHIC Charlotte Russe Piper Jaffray Market Perform $17 » $22
  
• CL Colgate-Palmolive Prudential Overweight $62 » $64
  
• PD target raised to $100 by Morgan Stanley
  
• DNA Reiterate outperform says RBCM
  

Downgrades:

• MYG Maytag JP Morgan Overweight » Neutral
  
• SANM Sanmina-SCI Morgan Stanley Overweight » Equal-weight
  
• DRAD Digirad Morgan Stanley Equal-weight » Underweight
  
• CCL Carnival Goldman Sachs Outperform » In-Line
  
• OXY Occidental Petro Friedman Billings Outperform » Mkt Perform $104
  
• SEE Sealed Air Citigroup Buy » Hold
  
• ARRO Arrow Intl Brean Murray Accumulate » Hold
  
• RECN Resources Connect JMP Securities Mkt Outperform » Mkt Perform
  
• SMMX SYMYX Tech Thomas Weisel Outperform » Peer Perform
  
  
  

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