Goldman Sachs Research Summary (MAR 27, 2007)

March 27, 2007 8:44 AM EDT

From 247WallSt

Opnext (Nasdaq: OPXT) started as Neutral at Goldman Sachs; stock up 10% since IPO and Goldman sees 9% more upside to the stock.

Earnings estimates INCREASED for Fifth Third Bancorp (Nasdaq: FITB) and Kimberly-Clark Corp (NYSE: KMB).

Earnings estimates DECREASE for State Street Corp. (NYSE: STT), SunTrust Banks (NYSE: STI), U.S.Bancorp (NYSE: USB), Washington Mutual (NYSE: WM), Western Alliance Bancorp (NYSE: WAL), Bank of America (NYSE: BAC), Ethan Allen (NYSE: ETH), Agere Systems (NYSE: AGR).

Goldman Sachs notes that Q1 banking earnings will show modest top line growth with flat to down net interest income based on the inverted yield curve.

Tiffany & Co (NYSE: TIF) maintained Neutral.

Goldman Sachs adopts a buy and hold strategy in oils and gas companies with a 10%+ to 13% upside in the names, but says they prefer to buy on dips rather than chase rallies; says they could see 30%+ upside for the sector to current high-end trading values.

Hawaiian Holdings (NYSE: HA), parent of Hawaiian Air, maintained neutral but Goldman says the investor update shows severe yield pressure and worse than expected; it is reviewing its estimates.

Jon C. Ogg

http://www.247wallst.com/


Related Categories

Contributors

Stocks Mentioned

AGR 0.01

+0.00 +0.00%
Volume: 0
Track AGR

BAC 15.94

-0.16 -0.99%
Volume: 79,649,785
Track BAC

ETH 11.88

-0.03 -0.25%
Volume: 64,676
Track ETH

FITB 9.97

-0.04 -0.40%
Volume: 5,233,010
Track FITB

HA 6.45

-0.05 -0.77%
Volume: 427,160
Track HA

KMB 66.07

+0.31 +0.47%
Volume: 1,477,482
Track KMB

OPXT 1.83

-0.05 -2.66%
Volume: 794,848
Track OPXT

STI 22.69

-0.15 -0.66%
Volume: 3,607,104
Track STI

STT 41.33

-0.23 -0.55%
Volume: 3,297,593
Track STT

TIF 43.91

+2.08 +4.97%
Volume: 6,505,647
Track TIF

USB 23.59

-0.14 -0.59%
Volume: 3,961,238
Track USB

WAL 4.09

-0.03 -0.73%
Volume: 128,717
Track WAL

WM 33.54

+0.01 +0.03%
Volume: 861,199
Track WM


Add Your Comment