We are downgrading Iron Mountain Incorporated (IRM) to Neutral from Outperform with a lower six-month price target of $26.00, as we don’t see any near-term drivers of growth. Our price target represents a 2010 P/E multiple of 24.3x, a premium to the industry average. We currently do not see much upside to the shares from current levels due to softness in Services revenue (approximately 46% of total revenue), driven by the weak economy. We believe the stock is over-priced and near-term momentum is not envisioned. As long as the company continues to perform at a high level, we believe the shares can maintain their current valuation, and perhaps increase slightly, but we would not chase the stock at these levels. The company’s third quarter results were in line with Zacks Consensus Estimates. However, IRM narrowed the guidance range for 2009. It has also adopted an ...

Hewitt Associates Inc. (HEW) reported fourth quarter 2009 EPS of 68 cents per share, exceeding the Zacks Consensus Estimate of 63 cents per share.  Revenue  Revenue of $757.7 million was down 6.0% from $806.7 million reported in the year-ago quarter. This revenue decline may be attributed to lower revenue across all its segments, except the benefits outsourcing division. Excluding third party supplier revenue, $16.9 million of unfavorable foreign currency translation, $6.8 million contribution from an acquisition in the quarter and a $9.4 million contribution from the HR BPO business in the prior-year quarter, net revenue declined 4.0%.  Revenue Segments  The Benefits Outsourcing segment revenue for the quarter was $388.7 million, flat compared with $387.9 million in the prior-year quarter. Revenue was up 1% after adjusting for $2.3 million of unfavorable foreign currency translation. Revenue growth on an adjusted basis was principally driven by growth in large-market ...

For Immediate Release

Chicago, IL – October 8, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Iron Mountain Incorporated (IRM), Equifax (EFX), R.R. Donnelley & Sons (RRD), Dun & Bradstreet Corp. (DNB) and Hewitt Associates, Inc. (HEW).

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Here are highlights from Wednesday’s Analyst Blog:

Iron Mountain Remains Solid

Boston, MA-based Iron Mountain Incorporated (IRM) is a leading provider of information protection and storage services in North America, Latin America, Europe and the Pacific Rim. We are encouraged by the company’s continuous momentum through 2007 and 2008,

...

Guidance for 2009 Reaffirmed At the Investor Day yesterday, Iron Mountain Incorporated (IRM) reiterated its guidance for fiscal 2009. The company expects revenue in the range of $2.98 - $3.04 billion, representing growth of 3% to 5% from fiscal 2008, excluding the effects of foreign currency fluctuations and acquisitions. Operating income is expected in the range of $510 - $540 million and depreciation and amortization of approximately $320 million. Thus operating income before depreciation and amortization (OIBDA), excluding asset gains and losses, is expected to be in the range of $830 - $860 million, a growth of 10% to 14% from fiscal 2008. The company expects to incur a capital expenditure of $380 million for the full year (approximately 10.8% of revenue). Preliminary Guidance for 2010 Iron Mountain also provided a strong preliminary outlook for fiscal 2010 due to efficient capital spending and growth ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

3com Corp (COMS) Abington Bancorp Inc (ABBC) Allion Healthcare Inc (ALLI) Ameristar Casinos Inc (ASCA) ARM Holdings Plc (ARMH) Arris Group Inc (ARRS) ATS Medical Inc (ATSI) Banco Latinoamericano de Exportaciones (BLX) Bob Evans Farms Inc (BOBE) Caribou Coffee Company Inc (CBOU) Carrols Restaurant Group Inc (TAST) Chart Industries Inc (GTLS) Coeur d'Alene Mines Corp (CDE) Comcast Corp (CMCSK) Concurrent Computer Corp (CCUR) Corinthian Colleges Inc (COCO) Cyberonics Inc (CYBX) Diamond Foods Inc (DMND) DineEquity Inc (DIN) Dresser-Rand Group Inc (DRC) eHealth Inc (EHTH) El Paso Pipeline Partners LP (EPB) Encore Capital Group Inc (ECPG) Entropic Communications Inc (ENTR) Federal Signal Corp (FSS) Furniture Brands International Inc (FBN) Genoptix ...

Although shares of Hewitt Associates, Inc. (HEW) are down today, it is hovering close its 52-week high of $43. Analysts have raised their estimates to $2.00 from $1.99 in the past one month, considering the companyÂ’s good stock price performance and a sound financial position.

Hewitt‘s revenues and earnings per share for F3Q08 were ahead of the estimates. Earnings for the quarter were 53 cents per share, while net revenue swelled 7% to $794.6 million. For the second time this year, the company increased its profit outlook.

"HEW" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aeropostale Inc (ARO) American Financial Group (AFG) Arrow Electronics Inc (ARW) Enbridge Energy Management LLC (EEQ) Hewitt Associates Inc (HEW) II-VI Inc (IIVI) Leggett & Platt Inc (LEG) MainSource Financial Group Inc (MSFG) Norfolk Southern Corp (NSC) Omnicare Inc (OCR) Shinhan Financial Group Co Ltd (SHG) Syngenta AG (SYT) Wabtec Corp (WAB) View the entire Zacks #1 Rank List.

"ARO" Free Stock Analysis: Buy? Sell? Hold?"AFG" Free Stock Analysis: Buy? Sell? Hold?"ARW" Free Stock Analysis: Buy? Sell? Hold?"EEQ" Free Stock Analysis: Buy? Sell? Hold?"HEW" Free Stock Analysis: Buy? Sell? Hold?"IIVI" Free Stock Analysis: Buy? Sell? Hold?"LEG" Free Stock Analysis: Buy? Sell? Hold?"MSFG" ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aeropostale Inc (ARO) AMCOL International Corp (ACO) Atlas Pipeline Partners LP (APL) Babcock & Brown Air Ltd (FLY) Bank of Marin Bancorp (BMRC) Comverse Technology Inc (CMVT) Covidien Ltd (COV) Einstein Noah Restaurant Group Inc (BAGL) Gushan Environmental Energy Ltd (GU) Hewitt Associates Inc (HEW) Hutchison Whampoa Ltd (HUWHY) ICON plc (ICLR) Kendle International Inc (KNDL) Leggett & Platt Inc (LEG) Lexmark International Inc (LXK) Martek Biosciences Corp (MATK) Massey Energy Company (MEE) Planar Systems Inc (PLNR) Rofin-Sinar Technologies (RSTI) Shinhan Financial Group Co Ltd (SHG) Skilled Healthcare Group Inc (SKH) St. Jude Medical Inc (STJ) Telemig Celular Participacoes SA (TMB) Tetra Tech Inc (TTEK) Tredegar Corporation (TG) Valmont Industries ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aeropostale Inc (ARO) AMCOL International Corp (ACO) Atlas Pipeline Partners LP (APL) Babcock & Brown Air Ltd (FLY) Bank of Marin Bancorp (BMRC) Comverse Technology Inc (CMVT) Covidien Ltd (COV) Einstein Noah Restaurant Group Inc (BAGL) Gushan Environmental Energy Ltd (GU) Hewitt Associates Inc (HEW) Hutchison Whampoa Ltd (HUWHY) ICON plc (ICLR) Kendle International Inc (KNDL) Leggett & Platt Inc (LEG) Lexmark International Inc (LXK) Martek Biosciences Corp (MATK) Massey Energy Company (MEE) Planar Systems Inc (PLNR) Rofin-Sinar Technologies (RSTI) Shinhan Financial Group Co Ltd (SHG) Skilled Healthcare Group Inc (SKH) St. Jude Medical Inc (STJ) Telemig Celular Participacoes SA (TMB) Tetra Tech Inc (TTEK) Tredegar Corporation (TG) Valmont Industries ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

AeroCentury Corp (ACY) Aeropostale Inc (ARO) Atlas Pipeline Partners LP (APL) Badger Meter Inc (BMI) BlueLinx Holdings Inc (BXC) CARBO Ceramics Inc (CRR) CNOOC Ltd (CEO) DXP Enterprises Inc (DXPE) Enbridge Energy Management LLC (EEQ) First Cash Financial Services Inc (FCFS) GameStop Corp (GME) Hewitt Associates Inc (HEW) ICON plc (ICLR) Insight Enterprises Inc (NSIT) Key Energy Services Inc (KEG) Kindred Healthcare Inc (KND) Leggett & Platt Inc (LEG) LHC Group Inc (LHCG) Lufkin Industries Inc (LUFK) MainSource Financial Group Inc (MSFG) ManTech International Corp (MANT) Olin Corp (OLN) Shanda Interactive Entertainment Ltd (SNDA) Shinhan Financial Group Co Ltd (SHG) Smith International Inc (SII) Team Inc (TISI) Telecomunicacoes de ...