Analyst action: Healthways, Pinnacle, Synovus
Posted on October 26, 2009 at 12:46 pm
After Healthways’ big gain following its Q3 report, Stifel Nicolaus analyst Tom Carroll has lowered his rating on the disease manager (Ticker: HWAY) to ‘hold’ from ‘buy.’ The valuation-based call is diametrically opposed to that of Art Henderson at Jefferies, who on Friday upgraded Healthways and raised his target to $20. So far, Carroll is winning: Healthways is down 7 percent today.
At Zacks Investment Research, shares of Pinnacle Financial are now on the ‘exclusive’ list of stocks investors should sell or avoid in the coming months. Pinnacle (Ticker: PNFP) last week reported a larger-than-expected loss.
And in related regional banking news, Wunderlich analyst Kevin Reynolds has some strong words on Synovus Financial Group, the parent of The Bank of Nashville. Reynolds has dropped Synovus to a ’sell’ and slapped a price target of $1.50 on the shares — half the price at the open today. The company last week posted a loss of more than $400 million and its stock (Ticker: SNV) has fallen more than 60 percent this year.
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NHI gets a downgrade
Posted on July 14, 2009 at 9:56 amNational Health Investors has been downgraded from ‘Buy’ to ‘Hold’ by analysts from Stifel Nicolas.
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Hey, a little piece of that is still big money
Posted on June 29, 2009 at 11:13 pmBarron’s points us to a few details from a Stifel Nicolaus report that suggests a) a number of Medicare-dependent stocks are being overly discounted, and b) that, despite the regulatory risks, torrents of money will make their way toward health care providers of all stripes should health care reform pass.
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Analyst: Cost cuts not enough for eateries
Posted on April 15, 2009 at 3:14 pmAnalysts at Stifel Nicolaus and Raymond James have downgraded a number of casual-dining stocks to ‘underperform,’ saying Ruby Tuesday’s small surprise last week shouldn’t be taken as an industrywide phenomenon.
“We would not be looking at casual dining names as investment vehicles until late 2009 at the earliest or until we can see more meaningful relief to the continued declining traffic and sales trends,” the analyst added.
Shares of Cracker Barrel (Ticker: CBRL) fell more than 5 percent today.
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Realism returns to bank stock land
Posted on March 20, 2009 at 2:56 pmTurns out the asset-quality problems plaguing the sector aren’t going to go away next week after all…
“As the March quarter draws to a close, nothing on the macroeconomic front suggests the deterioration in bank asset quality, under way in earnest since the first quarter of 2007, has slowed,” wrote Stifel Nicolaus & Co. analyst Anthony Davis in a recent note to clients. “We believe loan losses will remain historically elevated through year-end and also will become more pervasive across loan segments.”
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Stifel upgrades AmSurg
Posted on March 11, 2009 at 9:12 amAnalyst Robert Hawkins has lifted his rating on the surgery center operator from ‘hold’ to ‘buy.’ Even after morning’s six-percent jump, his $22 price target for the shares (Ticker: AMSG) leaves about 40 percent of upside.
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Analyst action: Healthways, Healthcare Realty
Posted on January 9, 2009 at 4:38 pmFrom the Wall Street Journal’s Markets Data Center come two more analyst moves on Healthways. (Jefferies earlier in the day upgraded the shares.) Stifel Nicolaus has lowered its price target on Healthways from $25 to $20 but kept its ‘buy’ rating, while Noble Financial has begun covering the company (Ticker: HWAY) with a ‘buy’ rating.
Also, UBS has launched coverage of Healthcare Realty Trust (Ticker: HR) with a ‘neutral’ recommendation and a $20 price target.
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