I currently am a timber buyer for a company in the southeast. Things here are starting to pick back up. I have noticed that companies that purchased timber before the market started down hill are now harvesting them. What this means is that there is enough profit now from the finished product vs. what they paid for it one year ago. Other timber companies like meadwestvaco and international paper will follow in the coming weeks they will be a little slower.
Merriman downgraded Environmental Power (NASDAQ: EPG) to Neutral from Buy citing a lack of visibility into the company's capital raise and lowered their estimates to ref
UPGRADES:Morgan Keegan upgrades Axsys Technologies (Nasdaq: AXYS) from Market Perform to Outperform.UBS upgrades Patni Computer Systems (NYSE: PTI) from Neutral to Buy.For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Deutsche Bank downgrades Smurfit-Stone Container (NASDAQ: SSCC) from Buy to Hold with a $1 price target.Susquehanna downgrades SINA Corporation (Nasdaq: SINA) from Positive to Neutral.Jefferies & Co downgrades inVentiv (Nasdaq: VTIV) from Buy to Hold.For daily real-time Downgrades go to http://www.streetinsider.com/DowngradesNEW COVERAGE:Piper ...
Smurfit-Stone (NYSE: SSCC) 37.4% LOWER; this paper & paper products manufacturer continues its slide today after being downgraded by Goldman Sachs yesterday. Notably, the stock gave up 38% yesterday.Badger Meter (NYSE: BMI) 28% LOWER; reports Q3 EPS of $0.39, versus the analyst estimate of $0.47. Revenues for the quarter were $68.83 million, versus the consensus of $73.39 million.Winnebago Industries, Inc. (NYSE: WGO) 22.7% LOWER; reports a Q4 loss of $0.44, versus the analyst estimate of ($0.19). Revenues for the quarter were $85.3 million, versus the consensus of $132.53 million. CIT Grou...
Credit Suisse upgraded shares of Novartis (NYSE: NVS) to Neutral from Underperform as they believe the stock's defensive characteristics justify a premium valuation.
Merrill raised Dreamworks (NYSE: DWA) to Buy from Neutral and has increased confidence in DWA's sustainable success following the performance of Kung Fu Panda and new revenue streams.
Credit Suisse upgraded shares of Novartis (NYSE: NVS) to Neutral from Underperform as they believe the stock's defensive characteristics justify a premium valuation.
Merrill raised Dreamworks (NYSE: DWA) to Buy from Neutral and has increased confidence in DWA's sustainable success following the performance of Kung Fu Panda and new revenue streams.
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