Thank you very much;
you're only a step away from
downloading your reports.
Stock Downgrades: The Wolf of Wall Street? Deckers Outdoor Slumps in Sheep's Clothing
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

The S&P 500 Index (INDEXSP:.INX) rose to a record high after Janet Yellen felt the love. (As indeed did the Fed she heads. A little too literally. With a capital 'L'.) Equities advanced impressively after her much-delayed and market-friendly testimony before the Senate Banking Committee proved worth the wait. Among issues on the move, Pacific Ethanol (NASDAQ:PEIX) surged 65.45% to revive unpleasant memories of the industry's corn-killing, price-gouging fiasco of a few years ago. No comment on that as of yet from proud Cornhusker State son Warren Buffett, now very much a lion in winter at 83. He did, however, give us a tease -- and what a tease it was -- of his annual letter, the full version of which will be mailed tomorrow to mark the month that "comes in like a lion." Lions Gate (NYSE:LGF), producer of Mad Men, looked on enviously as AMC Networks (NASDAQ:AMCX), broadcaster of the show, surged 5.95% to hit a historic high. And Stephen Schwarzman, who once gave $100 million to the "library with the lions" that bears his name, announced on Maria Bartiromo's new show that his Blackstone Group (NYSE:BX) had taken a 20% stake in Italian fashion firm Gianni Versace. Will Leo the lion, created in the Roaring Twenties by a Paramount Pictures art director named -- natch -- Lionel, be celebrating a win for its Wolf of Wall Street come Sunday? We shall see. But he better not dare wear sheep's clothing at the Oscars, based on today's 13.18% tumble in unloved Ugg boots owner Deckers Outdoor (NASDAQ:DECK).

Today's economic data includes the Chicago Purchasing Managers Index at 9:45 a.m. Eastern, the final University of Michigan figure for February consumer confidence at 9:55 a.m., and January pending-home sales at 10:00 a.m. In earnings action, Bayer (OTCMKTS:BAYRY), Berkshire Hathaway (NYSE:BRK.B), Iron Mountain (NYSE:IRM), and 3D Systems (NYSE:DDD) all release results.

Abaxis (NASDAQ:ABAX): Bank of America-Merrill Lynch lowers its investment opinion to Underperform from Neutral.

American Assets Trust (NYSE:AAT): ATT is taken to Perform from Outperform at JMP Securities.

American States Water (NYSE:AWR): Shares are now Neutral from Buy at Janney. Its target price, previously $32, also gets trimmed by $2.

Catamaran (NASDAQ:CTRX): After yesterday's 10.89% tumble, CTRX is cut to Neutral from Buy with a $50 price objective at ISI Group. The profit picture appears to be increasingly cloudy, in the broker's estimation.

Diageo (NYSE:DEO): RBC Capital Market reduces the maker of Guinness and Johnnie Walker to Underperform-from-Sector-Perform amid its doubts about whether targeted cost savings can be achieved.

Deckers Outdoor: As alluded to earlier, the maker of Ugg sheepskin boots gets the boot itself today, taken to Hold from Buy at Jefferies. The target is also substantially reduced, slashed to $75 from $100.

Eagle Rock Energy (NASDAQ:EROC): The limited partnership is lowered to Market Perform from Outperform with Wells Fargo.

Hanesbrands (NYSE:HBI): Stifel cuts the underwear outfit, trading atop all-time highs of late, to Hold from Buy.

InterMune (NASDAQ:ITMN): Shares are now Neutral from Outperform at Credit Suisse.

Isle of Capri (NASDAQ:ISLE): Deutsche Bank cuts the casino company to Hold from Buy.

Pan American Silver (NASDAQ:PAAS): Silver Linings Playbook certainly won't win any Oscars this year. A second downgrade of the week for the commodity company, today taken to Hold from Buy at Deutsche Bank.

Solar Senior Capital (NASDAQ:SUNS): Shares are slashed to Perform from Outperform at JMP Securities.

State Street (NYSE:STT): RBC Capital cuts the company to Perform from Outperform with an amended objective of $68.

The Fresh Market (NASDAQ:TFM): Shares get downgraded to Outperform from Strong Buy at Raymond James.

Tupperware Brands (NYSE:TUP): TUP is taken to Hold from Buy at Argus.

YuMe, Inc. (NYSE:YUME): Citigroup cuts the company to Neutral from Buy.

Zale (NYSE:ZLC): The diamond retailer is now Neutral from Buy, also at Citi.

See also:

New Stock Coverage: Signature Bank Is on the Oscar Envelope (MVPRO article)

Stock Upgrades: The Gap, Outfitter of Sharon Stone at Academy Awards, Gets Its Groove Back (MVPRO article)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Stock Downgrades: The Wolf of Wall Street? Deckers Outdoor Slumps in Sheep's Clothing
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

The S&P 500 Index (INDEXSP:.INX) rose to a record high after Janet Yellen felt the love. (As indeed did the Fed she heads. A little too literally. With a capital 'L'.) Equities advanced impressively after her much-delayed and market-friendly testimony before the Senate Banking Committee proved worth the wait. Among issues on the move, Pacific Ethanol (NASDAQ:PEIX) surged 65.45% to revive unpleasant memories of the industry's corn-killing, price-gouging fiasco of a few years ago. No comment on that as of yet from proud Cornhusker State son Warren Buffett, now very much a lion in winter at 83. He did, however, give us a tease -- and what a tease it was -- of his annual letter, the full version of which will be mailed tomorrow to mark the month that "comes in like a lion." Lions Gate (NYSE:LGF), producer of Mad Men, looked on enviously as AMC Networks (NASDAQ:AMCX), broadcaster of the show, surged 5.95% to hit a historic high. And Stephen Schwarzman, who once gave $100 million to the "library with the lions" that bears his name, announced on Maria Bartiromo's new show that his Blackstone Group (NYSE:BX) had taken a 20% stake in Italian fashion firm Gianni Versace. Will Leo the lion, created in the Roaring Twenties by a Paramount Pictures art director named -- natch -- Lionel, be celebrating a win for its Wolf of Wall Street come Sunday? We shall see. But he better not dare wear sheep's clothing at the Oscars, based on today's 13.18% tumble in unloved Ugg boots owner Deckers Outdoor (NASDAQ:DECK).

Today's economic data includes the Chicago Purchasing Managers Index at 9:45 a.m. Eastern, the final University of Michigan figure for February consumer confidence at 9:55 a.m., and January pending-home sales at 10:00 a.m. In earnings action, Bayer (OTCMKTS:BAYRY), Berkshire Hathaway (NYSE:BRK.B), Iron Mountain (NYSE:IRM), and 3D Systems (NYSE:DDD) all release results.

Abaxis (NASDAQ:ABAX): Bank of America-Merrill Lynch lowers its investment opinion to Underperform from Neutral.

American Assets Trust (NYSE:AAT): ATT is taken to Perform from Outperform at JMP Securities.

American States Water (NYSE:AWR): Shares are now Neutral from Buy at Janney. Its target price, previously $32, also gets trimmed by $2.

Catamaran (NASDAQ:CTRX): After yesterday's 10.89% tumble, CTRX is cut to Neutral from Buy with a $50 price objective at ISI Group. The profit picture appears to be increasingly cloudy, in the broker's estimation.

Diageo (NYSE:DEO): RBC Capital Market reduces the maker of Guinness and Johnnie Walker to Underperform-from-Sector-Perform amid its doubts about whether targeted cost savings can be achieved.

Deckers Outdoor: As alluded to earlier, the maker of Ugg sheepskin boots gets the boot itself today, taken to Hold from Buy at Jefferies. The target is also substantially reduced, slashed to $75 from $100.

Eagle Rock Energy (NASDAQ:EROC): The limited partnership is lowered to Market Perform from Outperform with Wells Fargo.

Hanesbrands (NYSE:HBI): Stifel cuts the underwear outfit, trading atop all-time highs of late, to Hold from Buy.

InterMune (NASDAQ:ITMN): Shares are now Neutral from Outperform at Credit Suisse.

Isle of Capri (NASDAQ:ISLE): Deutsche Bank cuts the casino company to Hold from Buy.

Pan American Silver (NASDAQ:PAAS): Silver Linings Playbook certainly won't win any Oscars this year. A second downgrade of the week for the commodity company, today taken to Hold from Buy at Deutsche Bank.

Solar Senior Capital (NASDAQ:SUNS): Shares are slashed to Perform from Outperform at JMP Securities.

State Street (NYSE:STT): RBC Capital cuts the company to Perform from Outperform with an amended objective of $68.

The Fresh Market (NASDAQ:TFM): Shares get downgraded to Outperform from Strong Buy at Raymond James.

Tupperware Brands (NYSE:TUP): TUP is taken to Hold from Buy at Argus.

YuMe, Inc. (NYSE:YUME): Citigroup cuts the company to Neutral from Buy.

Zale (NYSE:ZLC): The diamond retailer is now Neutral from Buy, also at Citi.

See also:

New Stock Coverage: Signature Bank Is on the Oscar Envelope (MVPRO article)

Stock Upgrades: The Gap, Outfitter of Sharon Stone at Academy Awards, Gets Its Groove Back (MVPRO article)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Stock Downgrades: The Wolf of Wall Street? Deckers Outdoor Slumps in Sheep's Clothing
Wall Street ratings agencies set the tone for today's stock market.
Justin Sharon    

The S&P 500 Index (INDEXSP:.INX) rose to a record high after Janet Yellen felt the love. (As indeed did the Fed she heads. A little too literally. With a capital 'L'.) Equities advanced impressively after her much-delayed and market-friendly testimony before the Senate Banking Committee proved worth the wait. Among issues on the move, Pacific Ethanol (NASDAQ:PEIX) surged 65.45% to revive unpleasant memories of the industry's corn-killing, price-gouging fiasco of a few years ago. No comment on that as of yet from proud Cornhusker State son Warren Buffett, now very much a lion in winter at 83. He did, however, give us a tease -- and what a tease it was -- of his annual letter, the full version of which will be mailed tomorrow to mark the month that "comes in like a lion." Lions Gate (NYSE:LGF), producer of Mad Men, looked on enviously as AMC Networks (NASDAQ:AMCX), broadcaster of the show, surged 5.95% to hit a historic high. And Stephen Schwarzman, who once gave $100 million to the "library with the lions" that bears his name, announced on Maria Bartiromo's new show that his Blackstone Group (NYSE:BX) had taken a 20% stake in Italian fashion firm Gianni Versace. Will Leo the lion, created in the Roaring Twenties by a Paramount Pictures art director named -- natch -- Lionel, be celebrating a win for its Wolf of Wall Street come Sunday? We shall see. But he better not dare wear sheep's clothing at the Oscars, based on today's 13.18% tumble in unloved Ugg boots owner Deckers Outdoor (NASDAQ:DECK).

Today's economic data includes the Chicago Purchasing Managers Index at 9:45 a.m. Eastern, the final University of Michigan figure for February consumer confidence at 9:55 a.m., and January pending-home sales at 10:00 a.m. In earnings action, Bayer (OTCMKTS:BAYRY), Berkshire Hathaway (NYSE:BRK.B), Iron Mountain (NYSE:IRM), and 3D Systems (NYSE:DDD) all release results.

Abaxis (NASDAQ:ABAX): Bank of America-Merrill Lynch lowers its investment opinion to Underperform from Neutral.

American Assets Trust (NYSE:AAT): ATT is taken to Perform from Outperform at JMP Securities.

American States Water (NYSE:AWR): Shares are now Neutral from Buy at Janney. Its target price, previously $32, also gets trimmed by $2.

Catamaran (NASDAQ:CTRX): After yesterday's 10.89% tumble, CTRX is cut to Neutral from Buy with a $50 price objective at ISI Group. The profit picture appears to be increasingly cloudy, in the broker's estimation.

Diageo (NYSE:DEO): RBC Capital Market reduces the maker of Guinness and Johnnie Walker to Underperform-from-Sector-Perform amid its doubts about whether targeted cost savings can be achieved.

Deckers Outdoor: As alluded to earlier, the maker of Ugg sheepskin boots gets the boot itself today, taken to Hold from Buy at Jefferies. The target is also substantially reduced, slashed to $75 from $100.

Eagle Rock Energy (NASDAQ:EROC): The limited partnership is lowered to Market Perform from Outperform with Wells Fargo.

Hanesbrands (NYSE:HBI): Stifel cuts the underwear outfit, trading atop all-time highs of late, to Hold from Buy.

InterMune (NASDAQ:ITMN): Shares are now Neutral from Outperform at Credit Suisse.

Isle of Capri (NASDAQ:ISLE): Deutsche Bank cuts the casino company to Hold from Buy.

Pan American Silver (NASDAQ:PAAS): Silver Linings Playbook certainly won't win any Oscars this year. A second downgrade of the week for the commodity company, today taken to Hold from Buy at Deutsche Bank.

Solar Senior Capital (NASDAQ:SUNS): Shares are slashed to Perform from Outperform at JMP Securities.

State Street (NYSE:STT): RBC Capital cuts the company to Perform from Outperform with an amended objective of $68.

The Fresh Market (NASDAQ:TFM): Shares get downgraded to Outperform from Strong Buy at Raymond James.

Tupperware Brands (NYSE:TUP): TUP is taken to Hold from Buy at Argus.

YuMe, Inc. (NYSE:YUME): Citigroup cuts the company to Neutral from Buy.

Zale (NYSE:ZLC): The diamond retailer is now Neutral from Buy, also at Citi.

See also:

New Stock Coverage: Signature Bank Is on the Oscar Envelope (MVPRO article)

Stock Upgrades: The Gap, Outfitter of Sharon Stone at Academy Awards, Gets Its Groove Back (MVPRO article)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
EDITOR'S PICKS
 
WHAT'S POPULAR