Prudential on täna retailerite kallal. Enamus calle non event, kuid ilmselt hea teada:
Prudential initiates Costco (COST 53.90) with an Underweight and $45 tgt, based on its business model, razor-thin profit margins and valuation...
Prudential initiates Target (TGT 59.64) with an Overweight and $68 tgt, based on the co's implementation of a merchandising and advertising strategy that has attracted young and trendy customers...
Prudential initiates Lowe's (LOW 31.08) with a Neutral and $30 tgt, as they favor valuation yet remain hard pressed to come up with a catalyst that will move shares higher at the current juncture, given the difficult macroeconomic environment
Prudential initiates Wal-Mart (WMT 48.32) with a Neutral and $50 tgt, as they believe the co has been expanding U.S. retail square footage at an unsustainable pace in recent years, while macroeconomic headwinds are currently putting pressure on existing-store sales
Prudential initiates Home Depot (HD 37.90) with an Underweight and $35 tgt, as they beleive shares will continue to be under pressure based on a declining housing market, a tough competitor gaining market share in the foreground, and slowing growth issues related to store saturation in its core U.S. market
Deutsche Bank initiates Centex (CTX 55.09) with a Buy and $67 tgt, based on their view that its lesser degree of exposure to high-risk markets should make its earnings more resilient than other builders
BofA initiates Phillips-Van Heusen (PVH 45.62) with a Buy and $52 tgt, based on the impressive outlook for the global Calvin Klein licensing business, as well as momentum in men's Calvin Klein sportswear and continued growth of CK outlets that should continue to result in EPS upside
Oppenheimer initiates NDS Group plc (NNDS 42.49) with a Buy and $55 tgt, as the expect the co to benefit from the increased competition for the consumer by cable, telco and satellite
Thomas Weisel downgrades Yahoo (YHOO 24.12) to Peer Perform from Outperform, as they believe consensus estimates are too high for 2007