Michael Kors Holdings (KORS) ratings and price targets.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Michael Kors Holdings Ltd (KORS). They placed an “Overweight” rating on the company.
Nomura (NYSE:NMR) initiated coverage on Michael Kors Holdings Ltd. They placed a “Buy” rating on the company.
Goldman Sachs (NYSE:GS) initiated coverage on Michael Kors Holdings Ltd. They placed a “Buy” rating and a price target of $34.00 on the company.
Jefferies Group (NYSE:JEF) initiated coverage on Michael Kors Holdings Ltd . They placed a “Buy” rating on the company.
Morgan Stanley (NYSE:MS) initiated coverage on Michael Kors Holdings Ltd . They placed an “Overweight” rating and a price target of $34.00 on the company.
Piper Jaffray (NYSE:PJC) initiated coverage on Michael Kors Holdings Ltd. They placed an “Overweight” rating and a price target of $33.00 on the company.
Robert W. Baird initiated coverage on Michael Kors Holdings Ltd . They placed an “Outperform” rating and a price target of $34.00 on the company.
Showing posts with label Morgan Stanley. Show all posts
Showing posts with label Morgan Stanley. Show all posts
Wednesday, January 25, 2012
Wednesday, January 18, 2012
NRG (NRG) (NVE) (RRMS) (SRE) (XEL) (GMXR) Ratings, Price Targets
NRG Energy, Inc. (NYSE: NRG), NV Energy (NYSE: NVE), Rose Rock Midstream (NASDAQ: RRMS), Sempra Energy (NYSE: SRE), Xcel Energy (NYSE: XEL) and GMX Resources (NASDAQ: GMXR) ratings and price targets.
Morgan Stanley (NYSE:MS) initiated coverage on NRG Energy, Inc. (NRG). They placed an “Overweight” rating on the company.
Morgan Stanley initiated coverage on NV Energy (NVE). They placed an “Equalweight” rating on the company.
Citigroup (NYSE:C) initiated coverage on Rose Rock Midstream (RRMS). They placed a “Buy” rating on the company.
Morgan Stanley initiated coverage on Sempra Energy (SRE). They placed an “Overweight” rating on the company.
Morgan Stanley initiated coverage on Xcel Energy (XEL). They placed an “Overweight” rating on the company.
GMX Resources (GMXR) was downgraded by Capital One to a “Neutral” rating.
Morgan Stanley (NYSE:MS) initiated coverage on NRG Energy, Inc. (NRG). They placed an “Overweight” rating on the company.
Morgan Stanley initiated coverage on NV Energy (NVE). They placed an “Equalweight” rating on the company.
Citigroup (NYSE:C) initiated coverage on Rose Rock Midstream (RRMS). They placed a “Buy” rating on the company.
Morgan Stanley initiated coverage on Sempra Energy (SRE). They placed an “Overweight” rating on the company.
Morgan Stanley initiated coverage on Xcel Energy (XEL). They placed an “Overweight” rating on the company.
GMX Resources (GMXR) was downgraded by Capital One to a “Neutral” rating.
Tuesday, November 2, 2010
Is Halliburton (NYSE:HAL) a Crap Shoot Now?
With the battle for the truth concerning Halliburton's (NYSE:HAL) role in the failed Macondo oil well, BP (NYSE:BP), Halliburton, government officials, and investors, analysts and commentators on the sidelines have all been giving their two cents on how it all will play out for Halliburton.
That's why financial institutions like Goldman Sachs (NYSE:GS) view Halliburton as a buying opportunity at this time, while others such as Morgan Stanley (NYSE:MS) have lowered their price target on the company.
Goldman maintains their "Buy" rating on Halliburton and Morgan Stanley their "Equalweight." Morgan cut their price target on Halliburton from $50 to $45 while Goldman maintained their $40 price target.
Every story coming out in the media is a he/says, she/says situation, and then you go beyond that to the so-called scientific input and it gets even more confusing as the enormous number of variables are weighed, and in reality - guessed at, as to what this means for Halliburton.
If nothing else, this will weigh on the shares of the stock for some time, and even with the assertions of all those involved ensuring the rest of us how things will play out, we've really just begun to see the process in reference to Halliburton, and until things clear up that will remain the case for the company.
Since the news, the market seems to be reacting the same way, as the share price, once the obvious plunge in price was over, rebounded and has been flat while contradictory news continues to be the norm.
Issues that are part of the story all surround the quality of the cement mix used by Halliburton to seal the well, which according to BP, was, for the most part, the major reason for the overall failure.
The oil spill commission agreed with that assessment, and Halliburton has admitted they didn't successfully complete a test on the final mix.
You also have Halliburton saying the internal test of BP concerning the mix, as well as the independent test conducted by Chevron (NYSE:CVX), were both different mixes, and not the actual one used to seal the well.
Then you have a little sample of the original mix which was ordered to be tested by a judge, but some say is now too old to be analyzed successfully.
Evidently the situation is as messed up as the mix was, and it's uncertain if it will ever be able to be absolutely proven whether or not the mix was ultimately the cause of the event, although other oil companies have stated they believe it was a key factor as the mix was described to them.
Halliburton is now going to have this cloud hanging over them, and may have to decide whether or not to settle in order for their reputation not to take a huge battering, or the actual cost of damages could be inconsequential in comparison to the reputation lost, along with possible future business.
That's why financial institutions like Goldman Sachs (NYSE:GS) view Halliburton as a buying opportunity at this time, while others such as Morgan Stanley (NYSE:MS) have lowered their price target on the company.
Goldman maintains their "Buy" rating on Halliburton and Morgan Stanley their "Equalweight." Morgan cut their price target on Halliburton from $50 to $45 while Goldman maintained their $40 price target.
Every story coming out in the media is a he/says, she/says situation, and then you go beyond that to the so-called scientific input and it gets even more confusing as the enormous number of variables are weighed, and in reality - guessed at, as to what this means for Halliburton.
If nothing else, this will weigh on the shares of the stock for some time, and even with the assertions of all those involved ensuring the rest of us how things will play out, we've really just begun to see the process in reference to Halliburton, and until things clear up that will remain the case for the company.
Since the news, the market seems to be reacting the same way, as the share price, once the obvious plunge in price was over, rebounded and has been flat while contradictory news continues to be the norm.
Issues that are part of the story all surround the quality of the cement mix used by Halliburton to seal the well, which according to BP, was, for the most part, the major reason for the overall failure.
The oil spill commission agreed with that assessment, and Halliburton has admitted they didn't successfully complete a test on the final mix.
You also have Halliburton saying the internal test of BP concerning the mix, as well as the independent test conducted by Chevron (NYSE:CVX), were both different mixes, and not the actual one used to seal the well.
Then you have a little sample of the original mix which was ordered to be tested by a judge, but some say is now too old to be analyzed successfully.
Evidently the situation is as messed up as the mix was, and it's uncertain if it will ever be able to be absolutely proven whether or not the mix was ultimately the cause of the event, although other oil companies have stated they believe it was a key factor as the mix was described to them.
Halliburton is now going to have this cloud hanging over them, and may have to decide whether or not to settle in order for their reputation not to take a huge battering, or the actual cost of damages could be inconsequential in comparison to the reputation lost, along with possible future business.
Monday, November 1, 2010
Morgan Stanley (NYSE:MS) Lowers Chevron's (NYSE:CVX) Earnings Estimate
Chevron (NYSE:CVX) had its earnings estimate lowered by Morgan Stanley (NYSE:MS) in 2010, although Morgan did maintain their "Overweight" rating on the giant energy company.
For fiscal 2010, earnings per share were downwardly adjusted from $9.53 to $9.29, and for fiscal 2011, earnings were upwardly adjusted from $9.60 to $9.72.
Chevron was trading at just above level at 1:40 PM EDT, rising to $82.76, gaining $0.16, or 0.19 percent.
For fiscal 2010, earnings per share were downwardly adjusted from $9.53 to $9.29, and for fiscal 2011, earnings were upwardly adjusted from $9.60 to $9.72.
Chevron was trading at just above level at 1:40 PM EDT, rising to $82.76, gaining $0.16, or 0.19 percent.
Tuesday, October 19, 2010
Morgan Stanley (NYSE:MS) Downgrades Halliburton (NYSE:HAL) on Disappointing Results
The seemingly strong performance of Halliburton (NYSE:HAL) wasn't enough to impress the market, and the share price of the oil giant got hammered, with Morgan Stanley (NYSE:MS) adding insult to injury by downgrading them from "Overweight" to "Equalweight."
Earnings for the quarter ending September 30 were $544 million, or 60 cents a share. That's over double the $262 million earning in the same period last year, or $0.29 a share.
Revenue for the quarter jumped to $4.67 billion, a 30 percent gain. The street was looking for revenue of $4.78 billion, and earnings of $0.56 a share.
Halliburton shares were pressured down as a result, closing Monday at $34.09, losing $1.73, or 4.83 percent.
Earnings for the quarter ending September 30 were $544 million, or 60 cents a share. That's over double the $262 million earning in the same period last year, or $0.29 a share.
Revenue for the quarter jumped to $4.67 billion, a 30 percent gain. The street was looking for revenue of $4.78 billion, and earnings of $0.56 a share.
Halliburton shares were pressured down as a result, closing Monday at $34.09, losing $1.73, or 4.83 percent.
Monday, October 4, 2010
Morgan Stanley (NYSE:MS) Downgrades Conoco (NYSE:COP) to "Underweight"
With September being such a strong month for equities, many companies across a number of sectors have been downgraded on valuation. ConocoPhillips (NYSE:COP) was among those downgraded, as Morgan Stanley (NYSE:MS) lowered the rating of the company from "Equal Weight" to "Underweight."
Morgan said they liked the strategy of Conoco, but all of that is already priced into the stock in their estimation, and don't see much room for growth at their current multiples.
They recommend Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), as they offer an improved risk/reward scenario for investors, according to Morgan Stanley.
Conoco closed Friday at $57.86, gaining $0.43, or 0.75 percent.
A price target of $56 is maintained on Conoco.
Morgan said they liked the strategy of Conoco, but all of that is already priced into the stock in their estimation, and don't see much room for growth at their current multiples.
They recommend Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), as they offer an improved risk/reward scenario for investors, according to Morgan Stanley.
Conoco closed Friday at $57.86, gaining $0.43, or 0.75 percent.
A price target of $56 is maintained on Conoco.
Tuesday, September 28, 2010
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) Make Little on Petrobras (NYSE:PBR) Fees
Petrobras (NYSE:PBR) has been in the news recently because of its enormous equity offering of $67 billion in common and preferred shares of the company, generating massive media coverage because it's one of the largest equity deals in history.
Global bookrunners like Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) didn't fare as well though, as the fees from the deal won't do much to add to the bottom line of the company.
Fees for the overall deal came to only $147.2 million, a little over 0.20 percent of the deal.
Similar to other deals, the low fees were spun as irrelevant in relationship to the knowledge the participating banks would receive, and marketed as steps to numerous other deals in the near future.
Banco Bradesco of Brazil was the lead manager for the offering, with Grupo Santander of Spain and Banco Itau of Brazil also participating.
Global bookrunners like Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) didn't fare as well though, as the fees from the deal won't do much to add to the bottom line of the company.
Fees for the overall deal came to only $147.2 million, a little over 0.20 percent of the deal.
Similar to other deals, the low fees were spun as irrelevant in relationship to the knowledge the participating banks would receive, and marketed as steps to numerous other deals in the near future.
Banco Bradesco of Brazil was the lead manager for the offering, with Grupo Santander of Spain and Banco Itau of Brazil also participating.
Thursday, September 23, 2010
Morgan Stanley (NYSE:MS) Acquires Forties Crude from Trafigura, Shell (NYSE:RDS-A), BP (NYSE:BP) Also Buy North Sea Grade
Morgan Stanley (NYSE:MS) acquired Forties cargo from Trafigura Beheer BV, the third acquisition they made of the North Sea grade this week.
The latest acquisition by Morgan Stanley was for October 11 to October 14, paying a premium of 10 cents over Dated Brent, according to the financial institution.
For BP, their acquisition was from Royal Dutch Shell Plc (NYSE:RDS-A) for October 7 to October 9 loading. They paid close to 30 cents above Dated Brent, which was 19 cents below the cash cost of North Sea oil.
Shell purchased Forties from Total SA (NYSE:TOT) for October 4 to October 6, paying 20 cents above Dated Brent, according to the two companies.
The November settlement for Brent crude traded at $77.65 a barrel, while the December contract traded at $77.97, generating a contango of 32 cents between the two contracts. Both were in reference to the London-based ICE Futures Europe exchange.
The latest acquisition by Morgan Stanley was for October 11 to October 14, paying a premium of 10 cents over Dated Brent, according to the financial institution.
For BP, their acquisition was from Royal Dutch Shell Plc (NYSE:RDS-A) for October 7 to October 9 loading. They paid close to 30 cents above Dated Brent, which was 19 cents below the cash cost of North Sea oil.
Shell purchased Forties from Total SA (NYSE:TOT) for October 4 to October 6, paying 20 cents above Dated Brent, according to the two companies.
The November settlement for Brent crude traded at $77.65 a barrel, while the December contract traded at $77.97, generating a contango of 32 cents between the two contracts. Both were in reference to the London-based ICE Futures Europe exchange.
Monday, September 13, 2010
Morgan Stanley (NYSE:MS) Downgrades PG&E Corp (NYSE:PCG)
Pacific Gas & Electric Co. (NYSE:PCG) unsurprisingly was downgraded by Morgan Stanley (NYSE:MS), which will be the first of many financial institutions to make that move.
Morgan analyst Greg Gordon said, "If Pacific Gas & Electric is exonerated, the financial impact would likely be small. If it is found to be at fault, the impact could be large."
Shares of PG&E Corp. were lowered from "Equal Weight" to "Overweight" by Gordon.
The energy company plummeted 8.35 percent on Friday, ending the session at $44.21, losing $4.03.
Trading volume on Friday exploded from the 3-month average of 2,653,110, to 30,811,787, according to Yahoo Finance.
Morgan analyst Greg Gordon said, "If Pacific Gas & Electric is exonerated, the financial impact would likely be small. If it is found to be at fault, the impact could be large."
Shares of PG&E Corp. were lowered from "Equal Weight" to "Overweight" by Gordon.
The energy company plummeted 8.35 percent on Friday, ending the session at $44.21, losing $4.03.
Trading volume on Friday exploded from the 3-month average of 2,653,110, to 30,811,787, according to Yahoo Finance.
Tuesday, September 7, 2010
Holly Energy (NYSE:HEP), NuStar Energy (NYSE:NS) Downgraded by Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS)
Energy companies have been receiving a lot of attention lately, and there have been a number of downgrades and upgrades. On the downgrade side, Bank of America (NYSE:BAC) downgraded Holly Energy (NYSE:HEP) while Morgan Stanley (NYSE:MS) downgraded NuStar Energy (NYSE:NS).
Holly was downgraded from "Buy" to "Neutral," and NuStar from "Overweight" to "Equalweight."
NuStar fell to $57.65, dropping $1.46, or 2.47 percent, as of 3:20 PM EDT. Holly Energy was up slightly to $50.72, gaining $0.10, or 0.20 percent at 3:21 PM EDT.
Holly Energy Partners, L.P. runs a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals, and loading rack facilities.
NuStar Energy L.P. operates in the terminalling, storage, and transportation of petroleum products in a number of countries and parts of the world.
Holly was downgraded from "Buy" to "Neutral," and NuStar from "Overweight" to "Equalweight."
NuStar fell to $57.65, dropping $1.46, or 2.47 percent, as of 3:20 PM EDT. Holly Energy was up slightly to $50.72, gaining $0.10, or 0.20 percent at 3:21 PM EDT.
Holly Energy Partners, L.P. runs a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals, and loading rack facilities.
NuStar Energy L.P. operates in the terminalling, storage, and transportation of petroleum products in a number of countries and parts of the world.
Friday, September 3, 2010
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman (NYSE:GS) Underwriting Billions for Petrobras (NYSE:PBR)
In a filing with the U.S. Securities and Exchange Commission, Petrobras (NYSE:PBR) revealed they'll be raising about $60 billion by selling shares of their common and preferred stock. The offering is being underwritten by Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS), among others.
Petrobras said they're going to sell up to 2,174,073,900 shares of their common stock, and 1,585,867,998 shares of their preferred stock in the offering.
Based on their September 1 closing price of $35.07 a common share, and $31.12 for each preferred ADS on the same date, the overall potential total of the offering would come to $62,798,491,875.38. That's before underwriter fees, other expenses and taxes.
Existing shareholders will be offered the first 80 percent of the shares on a priority basis.
While bookmaking should start today, pricing should be confirmed on September 23, 2010.
Petrobras said they're going to sell up to 2,174,073,900 shares of their common stock, and 1,585,867,998 shares of their preferred stock in the offering.
Based on their September 1 closing price of $35.07 a common share, and $31.12 for each preferred ADS on the same date, the overall potential total of the offering would come to $62,798,491,875.38. That's before underwriter fees, other expenses and taxes.
Existing shareholders will be offered the first 80 percent of the shares on a priority basis.
While bookmaking should start today, pricing should be confirmed on September 23, 2010.
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