Showing posts with label JP Morgan Chase. Show all posts
Showing posts with label JP Morgan Chase. Show all posts

Thursday, February 14, 2013

Commodity Revenue for Investment Banks Plunges in 2012

Revenue for investment banks from commodities dropped in 2012, with intrusive regulations and increased capital requirements resulting in less interest from clients. Another factor was volatility for the year was relatively low, also affecting interest in the sector.

The drop was a huge 25 percent from 2011, with revenue coming in at $6 billion for 2012, down significantly from the $8 billion in revenue generated the year before.

Ten banks were by consultant Coalition, including Bank of America/Merrill Lynch (BAC), Barclays (BCS), Citigroup (C), Credit Suisse (CS), Deutsche Bank (DB), JP Morgan (JPM), RBS (RBS), Goldman Sachs (GS), Morgan Stanley (MS) and UBS (UBS).

A report released by Coalition said, "Low volatility and reduced client activity led to a 24 per cent drop in revenues. Energy, investor products and precious metals options businesses were notably affected.

"Performance was also subdued by ongoing concerns about increased regulation and capital sensitivity, pushing banks to re-evaluate their commodities strategies."

In its quarterly results last month, Morgan Stanley said the commodity revenue for the fourth quarter was the lowest since 1995.

Friday, September 14, 2012

CF (CF) (HFC) (PCL) (PFC) (CNX) Ratings Changes

CF Industries Holdings Inc (CF), HollyFrontier Corp (HFC), Plum Creek Timber Co. (PCL), Petrofac Ltd (PFC) and CONSOL Energy Inc. (CNX) had ratings on them changed or initiated by analysts.

JPMorgan Chase (JPM) upgraded CF Industries Holdings Inc (CF) from a "Neutral" rating to an "Overweight" rating. They have a price target of $253.00 on the company.

Wells Fargo & Co. (WFC) upgraded HollyFrontier Corp (HFC) from a "Market Perform" rating to an "Outperform" rating.

Bank of America (BAC) upgraded Plum Creek Timber Co. (PCL) from an "Underperform" rating to a "Neutral" rating. They have a price target of $47.00 on the company.

Investec upgraded Petrofac Ltd (PFC) to a "Buy" rating. They have a price target of $32.26 on the company.

Global Hunter Securities initiated coverage on CONSOL Energy Inc. (CNX). They have a "Neutral" rating and a price target of $35.00 on the company.

Thursday, August 30, 2012

Yingli (YGE) (CVE) (WPX) (OILT) (NRP) (PWE) (QRE) Ratings Changes and Initiations

Yingli Green Energy Hold. Co. Ltd. (YGE), Cenovus Energy (CVE), WPX Energy (WPX), Oiltanking Partners (OILT), Natural Resource (NRP), Penn West Energy Trust (PWE) and QR Energy LP (QRE) had ratings changed or initiated on them.

Barclays Capital upgraded Cenovus Energy (CVE) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $41.00 on the company.

Barclays Capital upgraded WPX ENERGY INC (WPX) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $18.00 on the company.

Bank of America (BAC) downgraded Oiltanking Partners (OILT) from a "Buy" rating to a "Neutral" rating.

ThinkEquity downgraded Yingli Green Energy Hold. Co. Ltd. (YGE) from a "Hold" rating to a "Sell" ratng. The slashed their price target from $3.00 to $1.00 a share.

Dahlman Rose initiated coverage on Natural Resource (NRP). They placed a "Hold" rating on the company.

Deutsche Bank (DB) initiated coverage on Penn West Energy Trust (PWE). They placed a "Hold" rating on the company.

JPMorgan Chase (JPM) initiated coverage on QR Energy LP (QRE). They placed an "Overweight" rating and price target of $21.00 on the company.

Friday, June 22, 2012

Arch Coal (ACI) (CNI) (GLW) (TSCO) (HWD) Ratings, Price Targets

Arch Coal, Inc. (ACI), Canadian National Railway (CNI), Corning Inc. (GLW), Tractor Supply Co. (TSCO) and Harry Winston Diamond (HWD) had ratings and price targets on them adjusted by analysts.

Johnson Rice downgraded Arch Coal, Inc. (ACI) from an "Overweight" rating to an "Equal Weight" rating.

Raymond James (NYSE: RJF) initiated coverage on Canadian National Railway (CNI). They placed a "Market Perform" rating on the company.

JPMorgan Chase (NYSE: JPM) upgraded Corning Inc. (GLW) from an "Underweight" rating to a "Neutral" rating.

Stephens initiated coverage on Tractor Supply Co. (TSCO). They placed an "Overweight" rating on the company.

Desjardins upgraded Harry Winston Diamond (HWD) from a "Hold" rating to a "Buy" rating.

Tuesday, February 21, 2012

Enbridge (ENB) (APC) (ED) (AEIS) (BRCM) (NSC) Ratings, Price Targets

Enbridge Inc. (ENB), Anadarko Petroleum (APC), Consolidated Edison, Inc. (ED), Advanced Energy Industries, Inc. (AEIS), Broadcom Corp (BRCM) and Norfolk Southern Corp. (NSC) had ratings and price targets on them adjusted by analysts.

JPMorgan Chase & Co. downgraded Anadarko Petroleum (APC) from an "Overweight" rating to a "Neutral" rating.

Caris & Co. initiated coverage on Consolidated Edison, Inc. (ED). They placed an "Average" rating on the company.

Desjardins upgraded Enbridge Inc. (ENB) from a "Hold" rating to a "Buy" rating.

Citigroup upgraded Advanced Energy Industries, Inc. (AEIS) from a "Neutral" rating to a "Buy" rating.

Auriga upgraded Broadcom (BRCM) from a "Hold" rating to a "Buy" rating.

JPMorgan Chase & Co. downgraded Norfolk Southern Corp. (NSC) from an "Overweight" rating to a "Neutral" rating.

Friday, February 10, 2012

Dell (DELL) (DLTR) (HPQ) (AMGN) (CSCO) (DTV) (IRBT) Ratings, Price Targets

Dell Inc. (NASDAQ: DELL), Dollar Tree (NASDAQ: DLTR), Hewlett-Packard (NYSE: HPQ), Amgen, Inc. (NASDAQ: AMGN), Cisco Systems, Inc. (NASDAQ: CSCO), DirecTV (NYSE: DTV) and IRobot (NASDAQ: IRBT) had ratings and price targets on them adjusted by analysts.

JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Dollar Tree (DLTR). They placed an “Overweight” rating and a price target of $100.00 on the company.

Mizuho initiated coverage on Hewlett-Packard (HPQ). They placed a “Neutral” rating and a price target of $30.00 on the company.

Mizuho Securities initiated coverage on Dell Inc. (DELL). They placed a “Buy” rating and a price target of $20.00 on the company.

Amgen, Inc. (AMGN) was downgraded by Oppenheimer (NYSE:OPY) from an “Outperform” rating to a “Perform” rating.

Cisco Systems, Inc. (CSCO) was downgraded by MKM Partners from a “Buy” rating to a “Neutral” rating. They have a price target of $22.00 on the company, down from $25.00.

DirecTV (DTV) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.

IRobot (IRBT) was downgraded by EarlyBird Capital from a “Buy” rating to a “Hold” rating.

Friday, January 13, 2012

JA Solar (JASO) (LNT) (D) (ECA) (ED) (EXC) Ratings, Price Targets

JA Solar (NASDAQ: JASO), Alliant Energy (NYSE: LNT), Dominion Resources, Inc. (NYSE: D), EnCana Co. (NYSE: ECA), Consolidated Edison, Inc. (NYSE: ED) and Exelon Co. (NYSE: EXC) ratings and price targets.

JA Solar (JASO) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.

Alliant Energy (LNT) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $28.00 on the company.

Dominion Resources, Inc. (D) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.

EnCana Co. (ECA) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.

Consolidated Edison, Inc. (ED) was downgraded by JPMorgan Chase & Co. from a “Neutral” rating to an “Underweight” rating.

Deere & Company (DE) had its price target raised by Jefferies Group (NYSE:JEF) to $83.00. They have a “Hold” rating on the company.

Exelon Co. (EXC) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.

Wednesday, November 9, 2011

Rackspace (RAX) (QNST) (UPL) (URBN) (ATK) Price Targets, Ratings

Rackspace Hosting, Inc. (NYSE: RAX), Quinstreet Incorporated (NASDAQ: QNST), Ultra Petroleum Corp. (NYSE: UPL), Urban Outfitters, Inc. (NASDAQ: URBN) and Alliant Techsystems Inc. (NYSE: ATK) had price targets or ratings on them adjusted by analysts.

Rackspace Hosting, Inc. (RAX) had its price target raised by Benchmark Co. from $42.00 to $45.00. They have a “Hold” rating on the company.

Quinstreet Incorporated (QNST) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $13.00.

Ultra Petroleum Corp. (UPL) had its price target lowered by Ladenburg Thalmann to $60.00. They have a “Buy” rating on the company.

Urban Outfitters, Inc. (URBN) had its price target lowered by Piper Jaffray (NYSE:PJC) to $33.00.

Alliant Techsystems Inc. (ATK) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.

Monday, November 7, 2011

SunPower (SPWRA) (MDAS) (PODD) (SBUX) (SWKS) Price Targets Changed

SunPower Co. (NASDAQ: SPWRA), MedAssets, Inc. (NASDAQ: MDAS), Insulet Corp. (NASDAQ: PODD), Starbucks (NASDAQ: SBUX) and Skyworks Solutions, Inc. (NASDAQ: SWKS) had price targets on them adjusted by analysts.

SunPower Co. (SPWRA) had its price target lowered by Jefferies (NYSE:JEF) to $9.00.

MedAssets, Inc. (MDAS) had its price target lowered by Morgan Keegan to $21.00.

Insulet Corp. (PODD) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $24.00.

Starbucks (SBUX) had its price target raised by Bank of America (NYSE:BAC) to $48.00.

Skyworks Solutions, Inc. (SWKS) had its price target lowered by Kaufman Brothers from $26.00 to $21.00. They have a “Hold” rating on the company.

Friday, November 4, 2011

CenturyLink (CTL) (WFM) (THQI) (KFT) (BDX) (SPW) Ratings, Price Targets

CenturyLink, Inc. (NYSE: CTL), Whole Foods Market (NYSE: WFM), THQ Inc. (NASDAQ: THQI), Kraft Foods Inc. (NYSE: KFT), Becton Dickinson And Co. (NYSE: BDX) and SPX Corp. (NYSE: SPW) had EPS estimates, ratings or price targets adjusted on them.

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on CenturyLink, Inc. (CTL).

Jefferies (NYSE:JEF) reiterated its "Buy" rating on Whole Foods Market (WFM).

Deutsche Bank (NYSE:DB) reiterated its "Hold" rating on THQ Inc. (THQI). They have a price target of $2.05 on the company.

Kraft Foods Inc. (KFT) had its EPS estimates raised by UBS AG (NYSE:UBS). They have a “Buy” rating and a price target of $40.00 on the company.

Becton Dickinson And Co. (BDX) had its price target lowered by Morgan Keegan to $75.00.

SPX Corp. (SPW) had its price target lowered by Stifel Nicolaus from $92.00 to $80.00. They have a “Buy” rating on the company.

Teva (TEVA) (PXD) (SMSI) (LNC) ( MDCA) (NLY) Price Targets Changed

Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA), Pioneer Natural Resources (NYSE: PXD), Smith Micro Software, Inc. (NASDAQ: SMSI), Lincoln National Co. (NYSE: LNC), MDC Partners Inc. (NASDAQ: MDCA) and Annaly Capital Management, Inc. (NYSE: NLY) had price targets on them adjusted by analysts.

Teva Pharmaceutical Industries Ltd (TEVA) had its price target lowered by UBS AG (NYSE:UBS) from $64.00 to $60.00. They have a “Buy” rating on the company.

Pioneer Natural Resources (PXD) had its price target raised by MKM Partners from $82.00 to $89.00. They have a “Neutral” rating on the company.

Smith Micro Software, Inc. (SMSI) had its price target lowered by Morgan Keegan to $75.00.

Lincoln National Co. (LNC) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $28.00.

MDC Partners Inc. (MDCA) had its price target lowered by Piper Jaffray (NYSE:PJC) to $21.00.

Annaly Capital Management, Inc. (NLY) had its price target lowered by FBR Capital from $20.00 to $17.50. They have an “Outperform” rating on the company.

Thursday, November 3, 2011

Wynn (WYNN) (MSFT) (TRW) (THOR) (DGI) (EOG) (FTR) Ratings Reiterated

Wynn Resorts, Limited (NASDAQ: WYNN), Microsoft Corp (NASDAQ: MSFT), TRW Automotive Holdings Corp. (NYSE: TRW), Thoratec (NASDAQ: THOR), DigitalGlobe Inc (NYSE: DGI), EOG Resources (NYSE: EOG) and Frontier Communications (NYSE: FTR) had ratings on them reiterated by analysts.

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Wynn Resorts, Limited (WYNN). They have a price target of $5.00 on the company.

JPMorgan Chase & Co. reiterated its "Overweight" rating on TRW Automotive Holdings Corp. (TRW).

Auriga reiterated its "Hold" rating on Thoratec (THOR). They have a price target of $35.00 on the company.

Benchmark Co. reiterated its "Buy" rating on DigitalGlobe Inc. (DGI). They have a price target of $32.00 on the company.

Oppenheimer reiterated its "Outperform" rating on EOG Resources (EOG). They have a price target of $120.00 on the company.

Bank of America (NYSE:BAC) reiterated its "Underperform" rating on Frontier Communications (FTR).

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Neutral" rating on Microsoft Corp (MSFT). They have a price target of $29.00 on the company.

Wednesday, November 2, 2011

Clear Channel (CCO) (AUXL) (HUM) (VOLC) (SHAW) (CAVM) Price Targets Changed

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), Auxilium Pharma (NASDAQ: AUXL), Humana (NYSE: HUM), Volcano (NASDAQ: VOLC), Shaw Group (NASDAQ: SHAW) and Cavium Networks, Inc. (NASDAQ: CAVM) had price targets on them adjusted by analysts.

Clear Channel Outdoor Holdings, Inc. (CCO) had its price target lowered by Wedbush to $12.50.

Auxilium Pharma (AUXL) had its price target lowered by UBS AG (NYSE:UBS) from $30.00 to $27.00. They have a “Buy” rating on the company.

Humana (NYSE: HUM) had its price target raised by Barclays Capital from $90.00 to $98.00. They have an “Equal Weight” rating on the company.

Volcano (VOLC) had its price target lowered by Goldman Sachs (NYSE:GS) to $27.00.

Shaw Group (SHAW) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $27.00.

Cavium Networks, Inc. (CAVM) had its price target lowered by Deutsche Bank (NYSE:DB) to $27.00.

Anadarko (APC) (NVDA) (CAVM) (PCS) (ALL) (TSPT) Ratings, Reiterations

Anadarko Petroleum (NYSE: APC), NVIDIA (NASDAQ: NVDA), Cavium Networks, Inc. (NASDAQ: CAVM), MetroPCS (NYSE: PCS), Allstate (NYSE: ALL) and Transcept Pharmaceuticals Incorporated (NASDAQ: TSPT) ratings and reiterations.

ISI Group reiterated its "Buy" rating on Anadarko Petroleum (APC). They have a price target of $98.00 on the company.

NVIDIA (NVDA) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.

Benchmark Co. reiterated its "Hold" rating on Cavium Networks, Inc. (CAVM).

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Neutral" rating on MetroPCS (PCS).

Sterne Agee reiterated its "Neutral" rating on Allstate (ALL).

McNicoll Lewis & Vlak reiterated its "Buy" rating on Transcept Pharmaceuticals Incorporated (TSPT). They have a price target of $21.00 on the company.

Thursday, October 20, 2011

Intel (INTC) (ISRG) (JNPR) (FRX) (LLTC) (STT) Price Targets Changed

Intel (NASDAQ: INTC), Intuitive Surgical, Inc. (NASDAQ: ISRG), Juniper Networks (NASDAQ: JNPR), Forest Laboratories, Inc. (NYSE: FRX), Linear Technology Co. (NASDAQ: LLTC) and State Street Co. (NYSE: STT) had their price targets adjusted by analysts.

Intel (INTC) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $25.00.

Intuitive Surgical, Inc. (ISRG) had its price target raised
by JPMorgan Chase & Co. to $370.00.

Juniper Networks (JNPR) had its price target lowered by Needham & Company from $34.00 to $26.00. They have a “Buy” rating on the company.

Forest Laboratories, Inc. (FRX) had its price target lowered by Deutsche Bank (NYSE:DB) to $33.00.

Linear Technology Co. (LLTC) had its price target lowered by
FBR Capital from $30.00 to $27.00. They have an “Underperform” rating on the company.

State Street Co. (STT) had its price target raised by Jefferies (NYSE:JEF) to $42.00.

Thursday, October 6, 2011

Monsanto (MON) (CRIS) (COST) (PEP) (CMG) (CNQ) Ratings, PT Changes

Monsanto Co. (NYSE: MON), Curis, Inc. (NASDAQ: CRIS), Costco (NASDAQ: COST), PepsiCo, Inc. (NYSE: PEP), Chipotle Mexican Grill, Inc. (NYSE: CMG) and Canadian Natural Resources (NYSE: CNQ) had coverage and price target changes.

Monsanto Co. (MON) had its price target raised by Credit Suisse (NYSE:CS) to $75.00. They have a “Neutral” rating on the company.

Curis, Inc. (CRIS) is now covered by Summer Street. They placed a “Buy” rating and a $5.00 price target on the company.

Costco (COST) had its price target raised by McAdams Wright Ragen from $80.00 to $85.00. They have a “Hold” rating on the company.

PepsiCo, Inc. (PEP) had its price target raised by Goldman Sachs (NYSE:GS) to $71.00.

Chipotle Mexican Grill, Inc. (CMG) was downgraded by Miller Tabak from a “Neutral” rating to a “Sell” rating.

Canadian Natural Resources (CNQ) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

Wednesday, October 5, 2011

Salesforce (CRM) (APKT) (DOW) (HSP) (RECN) (SGEN) Get New Coverage, PT Changes

Salesforce.com (NYSE: CRM), Acme Packet, Inc. (NASDAQ: APKT), The Dow Chemical Company (NYSE: DOW), Hospira, Inc. (NYSE: HSP), Resources Connection, Inc. (NASDAQ: RECN) and Seattle Genetics, Inc. (NASDAQ: SGEN) had their price targets adjusted by analysts, or received new coverage.

Acme Packet, Inc. (NASDAQ: APKT) had its price target lowered by Needham & Company from $75.00 to $52.00. They have a “Buy” rating on the company.

The Dow Chemical Company (DOW) had its price target lowered by Jefferies (NYSE:JEF) to $26.00.

Hospira, Inc. (HSP) had its price target lowered by Ticonderoga from $63.00 to $54.00. They have a “Buy” rating on the company.

Resources Connection, Inc. (RECN) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) from $15.00 to $13.00. They have a “Neutral” rating on the company.

Seattle Genetics, Inc. (SGEN) is now covered by Summer Street Research. They placed a “Sell” rating on the company.

Salesforce.com (CRM) is now covered by Ticonderoga. They placed a “Neutral” rating on the company.

Friday, September 30, 2011

Micron (MU) (MOS) (BCDS) (AMD) (INSU) Price Targets Changed

Micron Technology, Inc. (NYSE: MU), The Mosaic Company (NYSE: MOS), BCD Semiconductor (NASDAQ: BCDS), Advanced Micro Devices (NYSE: AMD) and Insituform Technologies, Inc. (NASDAQ: INSU) had their price targets adjusted by analysts.

Micron Technology, Inc. (MU) had its price target lowered by Morgan Stanley (NYSE:MS) to $11.00. They have an “Overweight” rating on the company.

The Mosaic Company (MOS) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $62.00.

BCD Semiconductor (BCDS) had its price target lowered by Jefferies (NYSE:JEF) to $7.50.

Advanced Micro Devices (AMD) had its price target lowered by Deutsche Bank (NYSE:DB) to $7.00.

Insituform Technologies, Inc. (INSU) had its price target lowered by Canaccord Genuity from $21.50 to $14.50. They have a “Hold” rating on the company.

Thursday, September 22, 2011

Goodrich (GR) (CIB) (DANOY) (DLAKY) (DOX) (GLBL) Downgraded

Goodrich Co. (NYSE: GR), Bancolombia S.A. (NYSE: CIB), Groupe Danone SA (OTC: DANOY), Deutsche Lufthansa AG (OTC: DLAKY), Amdocs Limited (NYSE: DOX) and Global Industries, Ltd. (NASDAQ: GLBL) were downgraded by analysts.

Goodrich Co. (GR) was downgraded by Sanford C. Bernstein from an “Outperform” rating to a “Market Perform” rating.

Bancolombia S.A. (CIB) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

Groupe Danone SA (DANOY) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating.

Deutsche Lufthansa AG (DLAKY) was downgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Sell” rating.

Amdocs Limited (DOX) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $33.00 on the company, down from $36.00.

Global Industries, Ltd. (GLBL) was downgraded by Barclays Capital from an “Equal Weight” rating to an “Underweight” rating.

Orexigen (OREX) (AZO) (LPL) (BBD) (JEF) (CAB) Downgraded

Orexigen Therapeutics, Inc. (NASDAQ: OREX), AutoZone, Inc. (NYSE: AZO), LG Display Co Ltd. (NYSE: LPL), Banco Bradesco SA (NYSE: BBD), Jefferies Group, Inc. (NYSE: JEF) and Cabela’s Incorporated (NYSE: CAB) were downgraded by analysts.

Orexigen Therapeutics, Inc. (OREX) was downgraded by Lazard Capital from a “Neutral” rating to a “Sell” rating.

AutoZone, Inc. (AZO) was downgraded by Gabelli from a “Buy” rating to a “Hold” rating.

LG Display Co. Ltd. (LPL) was downgraded by Nomura from a “Buy” rating to a “Neutral” rating.

Banco Bradesco SA (BBD) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

Jefferies Group, Inc. (JEF) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.

Cabela’s Incorporated (CAB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating. They have a price target of $22.00 on the company, down from $30.00.