A 60-Second Guide To What Brokers Are Telling Their Clients This Morning

Let’s take a look at analysts’ morning notes.


  • Apple (AAPL): Reiterate buy and raising our estimates for the first quarter. We expect revenue of $25.5 billion. We expect a gross margin of 37.3% and we give it a $390 price target. 
  • General Motors (GM): Reiterate buy. We were impressed with GM’s presentation at the Detroit Auto Show. They layed out encouraging marketing programs to enhance brand image and that will draw in  younger audiences.
  • Key products for General Motors include the new Chevrolet Volt, Chevrolet Sonic and Buick Verano.
  • The company’s upcoming 2012-2014 product cycle may yield $3-4 billion in net pricing benefits. 
  • ITT: Hold. The company split is a smart move by CEO Steve Loranger to unlock the value. There are still a lot more details to come but we are increasing our price target from $55 to $66.
  • It’s well-received move could cause other multi-industry companies to consider spin-offs.
  • Verizon (VZ): Reiterate buy. We believe Verizon’s wireline assets are improving and will stablilize revenue this year.
  • Company management also said it will be expanding its product portfolio with new cloud-based services and making an aggressive effort to reduce costs and capital expenditures that should help with margin and cash flow.


  • Tech/Media/Telecom: Neutral. Remain constructive on strength in U.S. ad recovery.
  • Disney (DIS) has the best portfolio, Viacom (VIA) is the most attractive and Scripps Network Interactive (SNI) has the strongest organic growth.
  • Airfreight & Ground Transaport: Neutral. This sector has solid momentum.
  • We raised the target on Union Pacific Corporation (UNP) from $94 to $110. We see potential gains and strong fundamentals for this year. 

Cantor Fitzgerald

  • Clarcor (CLC): reports better fourth quarter earnings. It beat analyst estimates.
  • Boeing (BA): Dissapointing airlines, parts suppliers, passengers with Dreamliner delays.
  • Chrysler: Readies for IPO with fewer sales than it had in 2010. It needs to sell about 1.5 million vehicles per year to break even.
  • Global sales in 2010 rose about 21% to 1.6 million cars and trucks. 

BMO Capital Markets

  • Charles Schwab (SCHW): Upgrade to outperform. It reached settlement with the SEC, FINRA and Illinois regulators of $119 million for fee disgorgement, penalties and interest. There are a few claims still left but most are closed.
  • Intel (INTC): Market Perform. Tablets will help the company. The chain appears stable.

Click here to see the stocks with unusually big moves this morning >

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