UPGRADES:
Goldman Sachs upgrades CONSOL Energy Inc. (NYSE: CNX) from Sell to Neutral, citing valuation after recent underperformance.
Citigroup downgrades Bankrate (Nasdaq: RATE) from Buy to ...
Citi maintains a 'Buy' on Bankrate Inc (Nasdaq: RATE). Price target lowered from $43 to $41.
Citi analyst says ...
StreetInsider.com Morning Movers:
Skyworks (Nasdaq: SWKS) 28% HIGHER; reports Q1 EPS of $0.17, ex-items, 2 cents better than the analyst estimate of $0.15. Revenue for the quarter was $210.2 million, versus the consensus of $211.16 million. Sees Q2 EPS of $0.10-$0.11, versus the consensus of $0.10 and sales down 20% sequentially.
Sketchers USA (NYSE: SKX) 22.5% LOWER; sees Q4 sales of $290-$300 million and a loss of $0.45-$0.50. The Street is currently expecting Q4 sales of $305.20 million and EPS of $0.15.
Hartford Financial Services (NYSE: HIG) 22% LOWER; reports Q4 loss of $2.71, cents better than the analyst estimate of $1.30. Intends to reduce quarterly dividend to $0.05.
Powerwave Technologies (Nasdaq: PWAV) 16.7% HIGHER; reports Q4 EPS of $0.01, 5 cents better than the analyst estimate of ($0.04). Revenue for the quarter was $180.3 million, versus the consensus of $187.38 million.
Bank ...
Citi analyst says, "Ed DiMaria, RATE’s CFO, presented at EMT. While RATE has seen an increase in Dec traffic due to a low 30-Yr fixed mortgage rate, this is unlikely to translate ...
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David Moenning's Daily State of the Markets: 12/01
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Citi Upgrades Bankrate (RATE) to Buy
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Notable Analyst Rating Changes 7/8: EDS, MMC, WDC Upgraded; OEH, WYE, RATE Downgraded
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Notable Analyst Rating Changes 5/28: UPS, FTO, WBMD, NVDA Upgraded; OVTI, EXC, RYAAY Downgraded
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David Moenning's Daily State of the Markets: 2/4
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Citi Downgrades Bankrate (RATE) to Hold
