The Andersons, Inc. (NASDAQ: ANDE) was today upgraded by BB&T Capital Markets from Hold to Buy at a price target of $35. ANDE is now trading at $27.40, 3.05% up in the morning trading hours.
Carmike Cinemas, Inc. (NASDAQ: CKEC) climbed 3% to $5.84 in the morning trading hours. Today Caris & Company upgraded CKEC to Above Average from Average. The 52 week trading range for CKEC is $1.00 - $11.54. In the last six months, CKEC declined by over 24%.
American Superconductor Corporation (NASDAQ: AMSC) increased 0.55% to $33.20 after Needham upgraded AMSC from Hold to Buy at a price target of $40.
Cyberonics, Inc. (NASDAQ: CYBX) was today upgraded from Neutral to Overweight by Piper Jaffray at a price target of $20. Now, CYBX is up 2.61% to $16.88. The 52 week trading range for CYBX is $10.31 - $18.29.
CoBiz Financial Inc (NASDAQ: COBZ) was today upgraded by Stifel Nicolaus from Hold to Buy. COBZ is now trading at $4.55, 9.11% up on 47K shares. So far in 2009, COBZ declined by 53%.
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BloggingStocks: Analyst upgrades:
Barclays upgraded Exxon (XOM) to overweight from equal weight based on a higher production growth outlook. The firm, which raised its target to $92 from $90, expects Exxon to have organic growth of more than 3% in 2010 and an ... Read more
Analysts were expecting New Frontier Media Inc. (NOOF) [Chart - News - Analysis] to report earnings of $0.03 for last quarter, but NOOF beat expectations with actual earnings of $0.05---2 cents above the consensus estimate.
If you compare last quarter's earnings to the $0.06 the company made per share during the same quarter a year ago, you can see that NOOF’s earnings are down this year.
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Also, if you compare NOOF's 10.00% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 12.02% for the Movie Production, Theaters industry as a whole during that same time frame, you can see that analysts expect NOOF to underperform the industry in the future---which is a bad sign for the stock.
Drilling down a little deeper into the Movie Production, Theaters industry, you can see how analysts believe NOOF will stack up against some of the other stocks in the industry, like Cinemark Holdings Inc. (CNK) [Chart - News - Analysis] and Carmike Cinemas Inc. (CKEC) [Chart - News - Analysis], in the future. Analysts believe CNK's earnings are going to grow at a rate of 13.50% while CKEC's earnings are going to grow at a rate of 10.00%.
Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.
BloggingStocks: Analyst upgrades:
FBR Capital upgraded Overseas Shipholding (NYSE: OSG) to Outperform from Market Perform following the Q3 results as it believes the worst quarters are behind the company. The firm raised its target on shares to $48 from $35.
... Read more
Late on Monday, Biolase Technology Inc. (NASDAQ: BLTI) announced that its fourth quarter loss widened to $5.29 million, or 22 cents a share, compared to a loss of $1.15 million, or 5 cents a share, in the prior year quarter.[More...]
