Standpoint Research

Walgreens (NYSE: WAG) is downgraded from Buy to Hold at Standpoint Research.

Corning (NYSE: GLW) is initiated with a Buy rating and $24 price target at Standpoint Research

Standpoint Research is initiating coverage on True Religion Apparel (NASDAQ: TRLG) with a Buy rating and $33 price target (58% upside). In a note to clients, Standpoint writes, "TRLG shares are currently trading at < 10X cash flow and < 12X free cash flow; earnings purity is 97%; three-year...

Standpoint Research has initiated shares of Cisco Systems (NASDAQ: CSCO) at Buy with a $24 price target. During today's trading session, the shares have fallen 0.20% to $20.11. The stock has been crushed after management issued conservative guidance on November 10. Standpoint analyst Ronnie Moas...

Standpoint Research initiates coverage on PNC Financial (NYSE: PNC) with a Buy rating and $70 PT. PNC was the highest ranking regional bank in Standpoint's Q3 S&P-500 report according to its 155-variable computer model. The shares were trading at $61 at the time, but it withheld putting out a...

Standpoint Research is downgrading Harley Davidson (NYSE: HOG). HOG has out-performed the S&P-500 by 4000 bps since the market low in Q1 2009 and by > 2000 bps in the last six weeks. The move was driven by takeover speculation. At Standpoint Research, it oftentimes will use stock price...

Standpoint Research is out with a research report this afternoon, where it downgrades shares of Best Buy (NYSE: BBY) to Hold, from Buy. The analysts said, “BBY has jumped 31% since our August 24 recommendation and beat the S&P by > 1800 basis points. The shares are now fairly valued at 14X...

Standpoint Research has upgraded Adobe Systems (NASDAQ: ADBE) from Hold to Buy.

Standpoint Research is downgrading shares of Accenture Plc (NYSE: ACN), to Hold from Buy on valuation concerns. In the research note, Standpoint writes, "The share buyback (old news), raised guidance and earnings from last week, and today's ($2.8 bln) contract announcement are already reflected in...

Standpoint Research is downgrading Archer Daniels Midland (NYSE: ADM) from Buy to Hold, Flour (NYSE: FLR) from Buy to Hold, and ADOBE (NYSE: ADBE) from Buy to Hold. Standpoint still sees value in each of the names but do not think they can out-perform the market going forward as they have...

Standpoint Research is initiating coverage on Microsoft (NASDAQ: MSFT) with a Buy rating and a $29 price target. In the research report, Standpoint writes, "This is the first time in seven years that we have recommended MSFT. It always seemed either over-owned or overvalued … oftentimes it was...

Standpoint Research is downgrading shares of Marsh & McLennan (NYSE: MMC) from Buy to Hold. Shares are currently down 49 cents to $24.09 on this news. You Can't Afford Miss To Out On These Money Making Trading Ideas.

Standpoint Research has initiated shares of Best Buy (NYSE: BBY) at Buy. The stock has under-performed the S&P 500 by 3,000 basis points since April. The firm has a 2011-2012 price target on the stock of $42. The target is based on 12X a conservative EPS estimate of $3.50. During today's...

Shares of Bank of America (NYSE: BAC), which touched a 52-week low on Friday, are attempting to regain some ground today. Shares are higher by 9 cents, or 0.70%, to trade at $12.96. Their 52-week low is $12.75. Standpoint Research upgraded the bank to Accumulate from Hold saying at 1.15x tangible...

Analysts at Standpoint Research upgrade Bank of America (NYSE: BAC) from "hold" to "accumulate." According to Standpoint Research, “Although there is still some uncertainty surrounding this stock, at 1.15X tangible book value, the market in its recent sell-off seems to have discounted a worst-case...