Last Night’s Post-Market Notables:
The Home Depot, Inc. (HD)
Announced a 1b buyback
TAL International Group, Inc. (TAL)
Group Announces Common Stock Offering
Phillips-Van Heusen Corporation (PVH)
Good Earnings, traded up around the 64 level on the headline before retracing o 60. The stock had good rang after trading back up to 62 when the ceo was on Cramer.
Luluemon Athletica inc. (LULU)
Stock Splitting 2 for 1
A123 Systems, Inc. (AONE)
Common and a convertible
Today:
Mentor Graphics Corporation (MENT)
Convertible this am
Altair Nanotechnologies, Inc.(ALTI)
Placement
Phillips-Van Heusen Corporation (PVH)
target raised to $69 from $65 at Piper Jaffray
price target raised to $80 from $70 at Brean Murray
Taiwan Semiconductor Mfg. Co. Ltd. (TSM)
downgraded to Neutral from Buy at BofA/Merrill target lowered to $12 from $16.40.
Analyst Actions: BP plc (BP) Shares Cut to Sell – Stock Sliding in Early Pre-Market – (On lows pre mkt – Short Single Tier)
BP under pressure; reports out overnight suggesting executives could face manslaughter charges (Stock Price: 46.04)
XL Group plc (XL)
upgraded to Buy from Neutral at Goldman Upgraded XL Group citing low valuation and potential upside from improving pricing globally. Price target to $28 from $24.
Under Armour, Inc. (UA)
downgraded to Hold from Buy at Capstone – downgraded Under Armour citing valuation.
Molycorp, Inc. (MCP) (Long in the pre market) 2 big parties like it
up 1.50, JPM upps px to 74 from 66 pointing to rare earth price increases in China
Pegasus Capital discloses 21.2% stake in amended 13D filing; down from 22.3% on 3/2
NYSE Euronext (NYX)
upgraded to Strong Buy at Raymond James
Tims comments are in Italics BOLD
Tims Highlights are in BOLD
*DISCLOSURE: Long MCP, GLD, SLV
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