Items Tagged with 'Analyst Recommendation'

ARTICLES

  • BofA Stocks Spike on Upgrade

    Goldman Sachs [stock GS][/stock] upgraded Bank of America [stock BAC][/stock] to buy from neutral, sending BofA's stock prices up more than 11% to trade at $11.92 as this story goes to press. "Our optimism is based on another solid mortgage and capital markets quarter, given observable activity levels since March," Goldman said, according to a Market Watch bulletin.
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  • LandAmerica Delays Third Quarter Earnings

    In a move that is raising a few eyebrows in the real estate space, LandAmerica Financial Group, Inc. [stock LFG][/stock] said Wednesday after market close that it would delay the release of its third quarter 2008 results, and cancel its investor call; the title insurance company was scheduled to report earnings yesterday.
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  • Mortgage REIT Insider: Agencies Gain on GSE Bailout

    The bull market may be back for the agency mREITs. Credit Suisse bumped Annaly Capital [stock NLY][/stock] and Anworth Mortgage [stock ANH][/stock] to outperform, citing the removal of "GSE overhang," and removal of supply/demand imbalances in the MBS market. Bose George over at Keefe Bruyette also chimed in earlier this week, reiterating his outperform rating on the entire agency mREIT sector.
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  • Merrill Downgraded; Lehman Looks to 80s For Inspiration

    Wall Street continued to struggle with the aftermath of the mortgage market collapse on Friday, with a well-known analyst cutting Merrill Lynch & Co. [stock MER][/stock] to a sell rating over mortgage-led concerns, while battered Lehman Brothers Holdings Inc. [stock LEH][/stock] saw the latest rumors around the firm center on a possible creation of a 1980s-style "bad bank" to absorb nearly all commercial mortgage holdings.
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  • Mortgage REIT Insider: Capital Trust Crashes

    The commercial mortgage REITs started the week behind the proverbial eight-ball, as Monday’s sour news from CapitalSource Inc. [stock CSE][/stock] and a harsh downgrade of Capital Trust, Inc. [stock CT][/stock] set the week’s tone for the sector. It was all downhill from there.
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