First Global

First Global is out with its report today on Safeway (NYSE: SWY), reiterating Underperform. In a note to clients, First Global writes, "On the valuation front, the stock currently trades at a P/E of 12.2x our CY11 proforma diluted EPS of $1.72 and an EV/EBIDTA of 4.2x our CY11 estimates, which...

First Global reiterated its Market Perform rating on Alcoa (NYSE: AA). On Tuesday, Alcoa lost 1.26% of its value to end the day at $15.71. Its shares regained some of yesterday's losses in today's pre-market trading, rising 0.7% to $15.82.

First Global reiterated its ST Market Perform rating on Teva Pharmaceutical (NASDAQ: TEVA). On Wednesday, Teva added 0.14% to its value to end the day at $48.99.

First Global provided color on interest rates in Europe. In a research report published today, First Global stressed that even though the ECB president remains hawkish, recent disappointing economic data might postpone interest rate hikes. In the report, First Global states, “In his recent speech...

First Global provided color on the BRIC countries (Brazil, Russia, India, and China). In a research report published today, First Global stressed how successful these countries were in the previous decade. However, the rating agency also highlighted some obstacles for these countries, above all...

First Global is out with its report today on Walgreens (NYSE: WAG), reiterating Market Perform. In a note to clients, First Global writes, "WAG has decided not to renew its contract with pharmacy benefit manager, Express Scripts Inc. (NASDAQ: ESRX), with effect from January 1, 2012, due to...

First Global provided color on the pharmaceuticals sector. In a research report published today, First Global stressed its belief that the sector has turned the corner. In the report, First Global states, "since Q1 CY11, a diverse revenue mix has helped Global Pharma companies, such as JNJ, LLY,...

First Global is out with its report today on Research in Motion (NASDAQ: RIMM), reiterating Moderate Underperform. In a note to clients, First Global writes, "In view of the delay in product introductions, stiff competition, pressure on margins, lack of blockbuster products, weak response to...

First Global initiates Alcoa Inc. (NYSE: AA) with a Market Perform rating.

Analysts at First Global downgrade Tellabs Inc (NASDAQ: TLAB) from “market perform” to “underperform.” TLAB shares rose 3.58% to close at $5.79 on Friday. More Analyst Ratings here

Analysts at First Global upgraded Walgreen Company (NYSE: WAG) from “underperform” to “market perform.” WAG shares lost 0.51% to $38.99 at 1:28 pm. More Analyst Ratings here

Analysts at First Global downgrade Cisco Systems Inc (NASDAQ: CSCO) from "moderate underperform" to "underperform." CSCO's shares lost 0.15% to close at $19.41 yesterday. More Analyst Ratings here

First Global published a report on Oracle Corporation (NASDAQ: ORCL), and they have maintained a ‘neutral’ rating on the firm. The stock is currently trading at $21.77. According to analysts at First Global, healthy growth across all segments continues, with significant increase in database,...

Motorola (NYSE: MOT) has received a rating downgrade from First Global. First Global has given ‘Market Perform’ rating to the stock. According to Barron’s, the report stated that the company’s total-unit shipment is expected to decline on account of intense competition and seasonality. Its sale of...

Analysts at First Global downgrade Motorola Inc (NYSE: MOT) to "market perform." According to First Global, Motorola has reported mixed results for Q4, with revenues short of and EPS ahead of the estimates. MOT’s Q1 guidance is disappointing, the analysts say. “The company’s total unit shipment and...