Notable Calls

From Notable Calls

Seeing lots of positive/defensive commentary on Google (NASDAQ: GOOG) this morning:

Barclays says sell-off overdone. Still thinks GOOG consensus # are too high for 4Q08 ...

From Notable Calls

Goldman Sachs is adding Research in Motion (NASDAQ: RIMM) to Conviction Buy List with a $68 tgt, representing 44% upside.


RIMM is down 62% in the last 3 months compared to 51% for firm's coverage median and 32% for the S&P 500, on concerns of slowing demand and margin compression as a result of competitive offerings from Apple and others.

Goldman believes that following its sharp pullback, the stock already prices in the risk ...

From Notable Calls
There will be a tug of war today in Las Vegas Sands (NYSE: LVS) as two pieces of news are out:

- Merrill Lynch is downgrading the stock to Underperform from Neutral while lowering their tgt to $7 from $15. LVS needs to raise capital to cure US covenants, which it expects to violate in 4Q, and to fund growth projects. In base case scenario – building only Cotai sites 5/6, Singapore, Four Seasons ...

From Notable Calls
Friedman Billings Ramsey is reiterating their Underperform rating on Wells Fargo (NYSE: WFC) noting that following its $11 billion capital raise, WFC's tangible common equity to assets ratio is just 3.3%. Given this low level, and their expectation that WFC will have to come back to the market and raise more capital, they reduce their price target to ...

From Notable Calls
Friedman Billings Ramsey (FBR) is out with a very negative call on Apple's (NASDAQ: AAPL) iPhone demand:

Our most recent checks suggest to us Apple's iPhone ...