Boeing’s Price Target Boosted at Bank of America/Merrill Lynch (BA)
Aircraft maker The Boeing Company ( BA ) on Thursday saw its price target lifted by analysts at Bank of America/Merrill Lynch. The analyst raised its price target for BA to $77 from $65, noting that the stock normally outperforms as we head into the summer Air Shows season. Bank of America/Merrill Lynch maintained its “Buy” rating on the stock. Boeing shares, which had closed at $70.01 on Wednesday, were mostly flat in premarket trading Thursday. The Bottom Line We have been recommending shares of BA since Aug.27, when the stock was trading at $47.82. The company has a 2.40% dividend yield, based on last night’s closing stock price of $70.01. The Boeing Company ( BA ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Boeing’s Price Target Boosted at Bank of America/Merrill Lynch (BA)
March 11, 2010 No Comments
Dr Pepper Snapple Group Now Rated a “Buy” at UBS (DPS)
Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) was upgraded to “Buy” on Thursday by analysts at UBS. The analyst also set a $42 price target on DPS shares, which had closed at $33.65 on Wednesday. In addition, UBS said it raised its earnings estimates for the company, citing strong fundamentals and future share buybacks. Dr Pepper Snapple Group shares rose 55 cents, or +1.6%, in premarket trading Thursday. The Bottom Line We have been recommending shares of DPS since Nov.20, when the stock was trading at $26.69. The company has a 1.78% dividend yield, based on last night’s closing stock price of $33.65. Dr Pepper Snapple Group Inc. ( DPS ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Dr Pepper Snapple Group Now Rated a “Buy” at UBS (DPS)
March 11, 2010 No Comments
FBR Capital Reiterates “Outperform” Rating for Goldman Sachs (GS)
Financial services juggernaut Goldman Sachs Group, Inc. ( GS ) saw its positive rating an price target maintained on Thursday b analysts at FBR Capital Markets. The analyst reiterated its “Outperform” rating on GS, as well as its $190 price target for the shares, which had closed at $171.94 on Wednesday. FBR Capital noted that “Following our meeting with Goldman Sachs’ CFO, David Viniar, we reiterate our Outperform rating and maintain our stance on GS shares as an FBR Top Pick. Within our coverage universe, GS is likely to accrete capital faster than peers, hence the relative Outperform rating. Additionally, we reiterate our belief that valuation remains compelling despite regulatory overhangs. We would characterize management comments as cautiously optimistic; and, although we expected 2010 results to be shy of those reported for 2009, we continue to expect GS to generate an ROE in excess of 15%, particularly in an environment that may allow more flexibility in compensation practices. While capital standards are likely to rise globally, we feel confident that mid- to high-teen ROEs are attainable, given our expectation of a commensurate increase in ROAs globally…Our price target of $190 is 11x our 2010 EPS estimate of $17.50, and 9.2x our 2011 EPS estimate of $20.5. Our price target represents 1.8x tangible book.” Goldman Sachs shares fell 74 cents, or -0.4%, in premarket trading Thursday. The Bottom Line We had removed shares

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FBR Capital Reiterates “Outperform” Rating for Goldman Sachs (GS)
March 11, 2010 No Comments
Yum! Brands’ Price Target, Estimates Lifted at Credit Suisse (YUM)
Quick service restaurant operator Yum! Brands, Inc. ( YUM ) saw its price target and earnings estimates boosted on Wednesday by analysts at Credit Suisse. The analyst said it raised its price target on YUM to $44 from $41, citing bigger domestic profits. Suisse also raised its 2011 earnings estimate for the company to $2.76, while maintaining its “Outperform” rating on the stock. Yum! Brands shares fell 20 cents, or -0.6%, in premarket trading Wednesday. The Bottom Line We recently removed shares of YUM from our recommended list back on Nov.2, when the stock was trading at $32.95. The company has a 2.30% dividend yield, based on last night’s closing stock price of $36.60. The stock has technical support in the $32-$33 price area. If the shares can firm up, we see overhead resistance around the $40 price level. We would remain on the sidelines for now. Yum! Brands, Inc. ( YUM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Yum! Brands’ Price Target, Estimates Lifted at Credit Suisse (YUM)
March 10, 2010 No Comments
Starwood Hotels’ Price Target Raised at Bank of America/Merrill Lynch (HOT)
Hotel operator Starwood Hotels & Resorts Worldwide, Inc ( HOT ) saw its price target raised 15% on Wednesday by analysts at Bank of America/Merrill Lynch. The analyst said it now sees shares of HOT reaching $46, up from a prior target of $40. Bank of America/Merrill Lynch noted that Starwood’s real estate holdings could be undervalued by as much as 25%, and maintained its “Buy” rating on the stock. Starwood Hotels shares, which had closed at $41.34 on Tuesday, were mostly flat in premarket trading Wednesday. The Bottom Line Shares of HOT have a dividend yield of .48%, based on last night’s closing stock price of $41.34. The stock has technical support in the $35 price area. If the shares can continue to firm up, we see overhead resistance around the $45 price level. We would remain on the sidelines for now. Starwood Hotels & Resorts Worldwide, Inc ( HOT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Starwood Hotels’ Price Target Raised at Bank of America/Merrill Lynch (HOT)
March 10, 2010 No Comments
J. Crew Swings to Q4 Profit, Beating View (JCG)
Clothing retailer J. Crew Group, Inc. ( JCG ) said late Tuesday that it swung to a fourth quarter profit, easily beating analyst expectations. The New York-based company reported fourth quarter net income of $40.4 million, or 61 cents per share, compared with a net loss of $13.5 million, or 22 cents per share, in the year-ago period. On average, Wall Street analysts had expected a much lower profit of 46 cents per share. Revenue surged 19% from last year, to $460.6 million, while same-store sales jumped 17%. Same-store sales are considered a key indicator of a retailer’s health, since they measure the performance of stores open at least one year. Looking ahead, the company projected first quarter earnings to range from 48 to 53 cents per share. For the full year 2010, it forecast earnings of $2.20 to $2.30 per share. On average, analysts expect 48 cents for the first quarter and $2.13 for the year. J. Crew shares fell 51 cents, or -1.1%, in premarket trading Wednesday. The Bottom Line Shares of JCG are right near the 52-week highs of $47-$48 a share. The stock has near-term technical support in the $40-$41 price area. We do not currently rate this non-dividend paying stock at this time, but we do follow the company closely. J. Crew Group, Inc. ( JCG ) does not currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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J. Crew Swings to Q4 Profit, Beating View (JCG)
March 10, 2010 No Comments
Abbott Labs to Buy Facet Biotech; Wins FDA Approval for Cataract Treatment (ABT)
Healthcare giant Abbott Laboratories ( ABT ) said Wednesday that it will acquire drugmaker Facet Biotech for $450 million in cash, and also announced FDA approval for its latest cataract treatment. In pursuant to the deal, Abbott will pay $27 for each Facet share, which represents a 67% premium over Facet’s Tuesday closing price of $16.21. The total purchase price of the deal will actually be around $722 million, which includes $272 million in Facet’s cash and marketable securities. Back in December, Facet rejected a buyout offer of $17.50 per share from Biogen Idec, saying the bid grossly undervalued the company. In a separate announcement, Abbott said that it has received FDA approval for its Tecnis Multifocal 1-Piece intraocular lens, which was developed for cataract patients with and without presbyopia. The lens is implanted in a patient’s eye after the natural lens has been removed. Abbott shares fell 30 cents, or -0.6%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of ABT since Oct.14, when the stock was trading at $49.65. The company has a 3.21% dividend yield, based on last night’s closing stock price of $54.80. Abbott Laboratories ( ABT ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Abbott Labs to Buy Facet Biotech; Wins FDA Approval for Cataract Treatment (ABT)
March 10, 2010 No Comments
CITIC Pacific yearly net returns to profit
March 10 – Year ended December 31, 2009 Shr 163 gain vs 570 loss Final Div 25 vs nil Net 5,950 profit vs 12,687 loss Turnover 46,409 vs 46,420 Company name CITIC Pacific Ltd. Books close May 10-14 Dividend payable May 24 NOTE – CITIC Pa CITIC Pacific yearly net returns to profit
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CITIC Pacific yearly net returns to profit
March 9, 2010 No Comments
CITIC Pacific yearly net returns to profit
March 10 – Year ended December 31, 2009 Shr 163 gain vs 570 loss Final Div 25 vs nil Net 5,950 profit vs 12,687 loss Turnover 46,409 vs 46,420 Company name CITIC Pacific Ltd. Books close May 10-14 Dividend payable May 24 NOTE – CITIC Pa CITIC Pacific yearly net returns to profit
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CITIC Pacific yearly net returns to profit
March 9, 2010 No Comments
Kraft Foods’ Price Target Boosted at Citigroup (KFT)
Packaged foods giant Kraft Foods Inc. ( KFT ) saw its price target raised on Tuesday by analysts at Citigroup. The analyst lifted its price target for KFT shares, which had closed at $29.17 on Monday, to $36 from $33, citing bullish sentiment from the Cadbury ( CBY ) acquisition. Citigroup set its 2010 and 2011 EPS estimates for the company at $2.10 and $2.35, respectively, and reiterated its “Buy” rating on the stock. Kraft Foods shares rose 20 cents, or +0.7%, in premarket trading Tuesday. The Bottom Line We have been recommending shares of KFT since May 5, when the stock was trading at $24.26. The company has a 3.98% dividend yield, based on last night’s closing stock price of $29.17. Kraft Foods Inc. ( KFT ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kraft Foods’ Price Target Boosted at Citigroup (KFT)
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Kroger’s Q4 Profit Plunges 27%, Still Beats View (KR)
Supermarket chain operator The Kroger Co. ( KR ) said Tuesday that its fourth quarter profit fell 27% from last year, despite higher sales, but results still beat analyst estimates. The Cincinnati-based company reported fourth quarter net income of $255.4 million, or 39 cents per share, compared with $349.2 million, or 53 cents per share, in the year-ago period. Sales rose 7% from last year, to $18.6 billion, aided by higher fuel sales as a result of gas discounts for regular customers. On average, Wall Street analysts expected a smaller profit of 34 cents per share, on much lower revenue of $17.73 billion. Kroger shares fell 70 cents, or -3.1%, amid a broad market sell-off in premarket trading Tuesday. The Bottom Line We have avoided shares of KR since our early June 2008 coverage began, when the stock was trading at $27.30. The company has a 1.66% dividend yield, based on last night’s closing stock price of $22.90. The shares have technical support in the $19-$20 price area. If the shares can firm up, we see overhead resistance around the $25 price level. We would remain on the sidelines. The Kroger Co. ( KR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kroger’s Q4 Profit Plunges 27%, Still Beats View (KR)
March 9, 2010 No Comments
Dick’s Sporting Goods Q4 Profit Narrowly Beats View (DKS)
Sporting goods retailer Dick’s Sporting Goods, Inc. ( DKS ) said Tuesday that it swung to a fourth quarter profit, helped by higher sales and lower costs, edging out analyst expectations. The Pittsburgh-based company reported fourth quarter net income of $67.4 million, or 56 cents per share, compared with a net loss of $105.6 million, or 94 cents per share, in the year-ago period. Sales jumped 11% from last year, to $1.3 billion. On average, Wall Street analysts expected a slightly smaller profit of 55 cents per share, on matching revenue of $1.3 billion. Looking ahead, the company forecast fiscal 2011 earnings of $1.32 to $1.35 per share, which would meet or exceed analysts’ current estimates of $1.32 per share for the year. Dick’s shares fell 63 cents, or -2.5%, amid a broad market sell-off in premarket trading Tuesday. The Bottom Line Shares of DKS are trading right near 52-week highs of $26 a share. The stock has technical support in the $22 price area. If the shares can firm up, we see overhead resistance around the $30 price level. We do not currently rate this non-dividend paying stock, but we do follow the company closely. Dick’s Sporting Goods, Inc. ( DKS ) does not currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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Dick’s Sporting Goods Q4 Profit Narrowly Beats View (DKS)
March 9, 2010 No Comments
