Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Time to Buy Fly Leasing

By

Wall Street ratings agencies set the tone for today's stock market.

PrintPRINT
MINYANVILLE ORIGINAL J-Lo was apparently happy to be "HOME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!" last week but the failure of John Boehner's well, Back Up Plan, sent stocks slumping and the House home alone for the holidays. Amid the mayhem NYSE Euronext (NYX) surged 39.13% after being bought IntercontinentalExchange (NYSE:ICE), a cool cat from Hotlanta that coveted its London International Financial Futures and Options Exchange. (Europe has a future? Who knew?)

Diet drug maker Vivus (VVUS) jumped 18.61% but Santa will still have issues squeezing down the chimney tonight. No such problems for financially tortured Spain, whose jackpot known as "El Gordo" (The Fat One) just awarded a first prize of €4.4m.

Stock markets can't wait to split this afternoon, closing early at 1:00 p.m. Eastern, and neither can Nike (NKE), which splits 2:1 in the form of a 100% stock dividend payable today. There are no quarterly earnings of note.

Fly Leasing (NYSE:FLY): The jet aircraft outfit is upgraded to Buy from Neutral at Citigroup, which sees increased opportunity following a recent share price pullback. Its new price objective is $13.20.

Kilroy Realty (KRC): Shares are boosted to Buy from Hold with a $52 target price at Stifel Nicolaus, which cites the recently announced $600 million build-to-suit development.

TransMontaigne Partners (TLP): Stifel Nicolaus lifts the limited partnership to Buy from Hold based on increased visibility into cash flow and potential distributions The target is $41.

Price Objective Increases: Needham, while keeping their overall ratings unchanged on each, nonetheless boosts price targets for both Facebook (FB) and Yahoo (YHOO). The former goes from $33 from $25 as, "In our view, buying it now would enable investors to participate in the potentially significant incremental returns on capital", analysts wrote in a note. The latter is lifted to $26 from $19 with the risk-reward ratio increasingly "attractive."

(See also: Stock Downgrades: Pinnacle Entertainment Falls From Summit and New Stock Coverage: General Motors Enjoys Life in the Fast Lane.)
< 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.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE