Analysts downgraded Rock-Tenn Company (NYSE: RKT), SatCon Technology (NASDAQ: SATC), Stericycle Inc (NASDAQ: SRCL), SAVVIS, Inc. (NASDAQ: SVVS) and Transatlantic Petroleum Limited (NYSE: TAT) today.
Credit Agricole downgraded Rock-Tenn Company (RKT) from an “outperform” rating to an “underperform” rating.
Capstone downgraded SatCon Tech (SATC) from a “buy” rating to a “hold” rating.
Robert W. Baird downgraded Stericycle Inc (SRCL) from an “outperform” rating to a “neutral” rating. They have a price target $95 on the company, up from $88.
RBC Capital downgraded SAVVIS, Inc. (SVVS) from an “outperform” rating to a “sector perform” rating. They have a price target of $40 on the company, up from $38.
Global Hunter Securities downgraded Transatlantic Petroleum Limited (TAT) from a “buy” rating to an “accumulate” rating. They have a price target $3.80 on the company.
Thursday, April 28, 2011
Analysts Downgrade (RKT) (SATC) (SRCL) (SVVS) (TAT)
Wednesday, February 23, 2011
F5 Networks (Nasdaq:FFIV), Coinstar (Nasdaq:CSTR), Zimmer Holdings, (NYSE:ZMH), SAVVIS (Nasdaq:SVVS) Stock Market Alerts
Today’s PriceWatch Alerts cover the following stocks: F5 Networks, Inc. (Nasdaq:FFIV), Coinstar Inc. (Nasdaq:CSTR), Zimmer Holdings, Inc. (NYSE:ZMH), and SAVVIS Inc. (Nasdaq:SVVS).
In today’s unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactics designed to potentially defend investors from unexpected market shifts. While other market reports only provide stock news and opinion, we offer strategies that position investments against uncertainty and increase chances of making a profit, even if a stock goes down.
“Our PriceWatch Alerts go beyond other market reports. Along with a brief concise overview, each PriceWatch Alert provides useful strategies, which ensure potential investments are protected with basic hedging techniques,” says Reid Stratton, Seven Summits Senior Analyst. “These brief company reports contain information that can benefit expert and novice investors who want to stay ahead of the market.”
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SOURCE Seven Summits Investment Research
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Monday, January 31, 2011
Terremark (Nasdaq:TMRK) Soars on Verizon (NYSE:VZ) Bid
Terremark (Nasdaq:TMRK), a provider of cloud and colocation services, was acquired by Verizon (NYSE:VZ) Friday, with the share price of Terremark skyrocketing, as well as other cloud providers such as SAVVIS, Inc. (Nasdaq:SVVS).
Terms of the bid were $19 in cash, which was a 35 percent premium over the closing price of Terremark in the previous trading session. Boards of both companies have unanimously approved the deal.
On an equity value basis, the bid values Terremark at 4.4 times trailing sales and 18.6x trailing EBITDA. The deal is expected to close by the end of the third quarter.
Terremark will operate as a wholly owned but independent subsidiary of Verizon. The existing management team will remain in place. The 220 datacenters currently owned by Verizon will be operationally taken over by Terremark.
Savvis, a competing cloud computing company, as mentioned, was brought into the limelight with the deal, now being considered among the top firms remaining which would be attractive to a competitive suitor of Verizon.
Savvis closed Friday at $30.26, gaining $3.69, or 13.89 percent. Terremark closed at $18.92, up $4.87, or 34.66 percent. Verizon closed at $35.63, losing $0.86, or 2.36 percent.