Month: May 2013

Daktronics Inc ( DAKT ), a leading provider of full-color LED video displays, recently designed, manufactured and installed an integrated LED video display system at the Wembley Stadium in London, England. The two main LED video displays measuring 8.15 meters x 23.88 meters feature a unique concaved design. The displays offer a resolution of 528 pixels x 1560 pixels in a 15HD pixel layout, which can be used for single large-size video or can be split into different windows […]

On May 24, 2013, we reiterated our long-term recommendation on BB&T Corporation ( BBT ) at Neutral based on its steady progress on both the organic and inorganic front. However, we remain concerned about the mounting operating expenses along with the company’s wide exposure to problem assets. […]

On May 23, 2013, we retained our Neutral recommendation on printing solutions provider Lexmark International Inc. ( LXK ). […]

We reaffirmed our Neutral recommendation on Hess Corporation ( HES ), on May 17, 2013. The company’s new strategy of concentrating on high-impact exploration areas compared to low risk areas in more stable regions has increased its spending on Bakken as well as North Malay Basin, Valhall and Tubular Bells. However, a tentative price environment reduces Hess’ ability to generate cash flow and, consequently, production and reserve growth. […]

DISH Network Corp. ( DISH ) is looking for several options to utilize its sizeable storage of wireless spectrums. Recently, the company has executed a Letter of Intent with regional wireless network operator, NTELOS Holdings Corp. […]

We have maintained our long-term Neutral recommendation on The Walt Disney Company ( DIS ) with a target price of $69.00. Moreover, shares of Disney carry a Zacks Rank #2 (Buy). Why the Reiteration? […]

On May 27, 2013, we reiterated our long-term recommendation on Wells Fargo & Company ( WFC ) at Neutral, based on its well-managed global franchise, strong capital base and cost saving initiatives. However, regulatory issues coupled with fundamental pressures on the banking sector are expected to dent Wells Fargo’s financials in the upcoming quarters. Why Neutral […]

We reaffirmed our Neutral recommendation on major contract driller Diamond Offshore Drilling Inc. ( DO ), on May 22, 2013. In the recently reported first quarter, stable performance of the company was backed by lower contract drilling expenses and interest overhead […]

On May 23, we maintained a Neutral recommendation on cola giant, The Coca-Cola Company ( KO ), following decent first-quarter results announced on Apr 16, 2013. However, muted volume trends of carbonated beverages concern us. Coca-Cola carries a Zacks Rank #3 (Hold). […]

Fitch Ratings Services recently affirmed the Issuer Default Rating (“IDR”) of Newfield Exploration Company ( NFX ) at 'BB+' along with senior subordinated notes at 'BB,' signifying a low-to-moderate risk level. The outlook on the company that is undergoing transition was kept stable by the rating agency. Fitch’s move on Newfield comes in the wake of the independent energy company’s steady move towards liquids and steps taken to divest international assets for a deeper domestic focus. […]

We reaffirm our Neutral recommendation on Comcast Corp. ( CMCSA ). The company reported mixed financial results for the first quarter of 2013. […]

GOL Linhas Aereas Inteligentes S.A. ( GOL ) has approached the National Civil Aviation Agency (ANAC) for permission to increase its operations at Viracopos Airport, in Campinas. The company plans to start six new daily flights from the city in Sao Paulo, including five to Santos Dumont/RJ and one to Brasília, from Sep 1. […]