Thursday, March 15, 2007

Some Analysts Comments of Interest

After yesterday's General Motors (GM) results were finally released analysts are finally reacting...
  • Calyon lowers target to $30, maintains Neutral - is concerned high auto inventories and concerned about GMAC mortage business.
  • Goldman Sachs lowers target by a whopping $1 to $30 saying fundamentals for 2007 look uninspiring.
  • Deutsche Bank lowers earnings estimates reflecting weaker results from GMAC.
  • Citigroup reiterates SELL saying 2007 earnings represent peak profitability.

The says an analyst at Merrill Lynch believes the recent weakness in Countrywide (CFC) is a buying opportunity.

With Google shares in the 440's again, another firm is saying (GOOG) looks attractive: RBC maintains a $550 target says Viacom suit will take years to address.

Citi has lowered it target on American Home Mortgage (AHM) to $26 from $37. ... sees a flat dividend even though management has been talking divvy increase.

AG Edwards maintains a sell on Hot Topic (HOTT). It says the 4th quarter was good, but still sees a $6 downside target on weakening performance.

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