AUSGROUP, ocbc maintain BUY with target price $1.33 AUSGROUP, uob maintain BUY with target price $1.40 CAPITAMALL TRUST, cl upgrade to BUY with target price $3.67 DBS, ml downgrade to NEUTRAL with target price $20($24) EZRA, citi maintain BUY with target price $2.95($3.44) EZRA, gs maintain BUY with target price $3($3.26) EZRA, jpm maintain OVERWEIGHT with target price $4 EZRA, ocbc maintain BUY with target price $3.30($4.03) HONG LEONG FINANCE, uob maintain BUY with target price $4.25 NOL, citi maintain SELL with target price $2.70 OCEANUS GROUP by citi PETRA FOODS, cimb maintain UNDERPERFORM with target price $0.65($1.53) SEMBCORP INDUSTRIES, mac initial coverage OUTPERFORM with target price $5.25 SGX, uob downgrade to SELL with target price $5.30($8.20) SINGAPORE POST, gs maintain BUY with target price $1.25 SINGAPORE POST, ubs maintain NEUTRAL with target price $1.15 SINGTEL, mac maintain NEUTRAL with target price $3.50 UNISTEEL, cimb maintain NEUTRAL with target price $1.89 Z-OBEE, ocbc initial coverage BUY with target price $0.18 [ SECTOR ] BANK by csfb CHEMICAL FIBRE by csfb OFFSHORE & MARINE ...

CAPITACOMMERCIAL TRUST, kim eng initial coverage BUY with target price $2.46 CDL HOSPITALITY TRUST, daiwa initial coverage OUTPERFORM with target price $2.07 CHINA SKY, dbs maintain BUY with target price $1.70 EZRA, cl downgrade to UNDERPERFORM with target price $2.90 FERROCHINA, cimb maintain OUTPERFORM with target price $2.44 KEPPEL CORP, citi maintain BUY with target price $12.97 KEPPEL CORP, cl maintain OUTPERFORM with target price $12.40 KEPPEL CORP, csfb maintain UNDERPERFORM with target price $10.30 KEPPEL CORP, dbs maintain HOLD with target price $12.56 KEPPEL CORP, gs maintain BUY with target price $13.75 KEPPEL CORP, uob maintain BUY with target price $13.25 R H ENERGY, ocbc downgrade to HOLD with target price $0.2($0.365) UOB, cimb maintain UNDERPERFORM with target price $20.04 VENTURE, ocbc maintain BUY with target price $12.84 **************************** CAPITACOMMERCIAL TRUST, kim eng initial coverage BUY with target price $2.46 - Top landlord of prime Grade A office space. CapitaCommercial Trust (CCT) is currently the top listed commercial landlord in Singapore, with over 2.8m sq ft of net lettable Grade A office ...

Jim Corridore, analyst at Standard & Poors Equity Research raised his opinion on UAL (UAUA) from hold to buy:

1. UAUA is cutting 100 aircraft, and 2009 capacity will be down 17%-18% and Corridore believes it is near the level needed to get yields up enough to suit this oil price environment.

2. He believes oil could drop from current levels.

3. He expects unit costs to rise on lowered capacity in the short term, but expect the capacity cuts to help revenue growth in 2009.

4. 12-month target price is $12.

Personally, I don’t think I would put too much faith in the Airline industry; it is a horrible business (high capital costs, and low returns).  If oil prices drop substantially, the stocks will go up, but I would rather bet elsewhere for the time being.

See stock picks from S&P analysts at:

http://www.trackthepros.com/categories.php?category_id=382

...

STRONG BUY

1. Continental Airlines (CAL)

a. One of the highest quality names in our airline universe.

b. International growth strategy out of Newark and revenue premium from business travelers.

c. Target price to 30

2. Tiffany & Co. (TIF)

a. April-quarter EPS estimate of $0.50 vs. $0.39 estimate; international strength offset U.S. weakness– Europe’s 30% comp rise attests to growing international demand.

b. Strong brand heritage mitigates weak consumer spending trends.

BUY

Dell (DELL)

a. April-quarter EPS of $0.38, vs. $0.34; revenues rose 9%, led by notebook PCs and strong overseas demand.

b. DELL is making good progress in its strategy overall

c. Price target price of $28

Track the stock picks by S&P analysts at:

http://www.trackthepros.com/categories.php?category_id=382

…

Deutsche Bank Securities analyst Jorge Beristain wrote that 2008 guidance “remains on track” and upbeat. Beristain maintained his Buy rating on Cleveland-Cliffs and raised his target price to $115.

Track Beristain and other Deutche Bank analyst picks at:

http://www.trackthepros.com/categories.php?category_id=420

The stock has almost tripled in the past 12 months on the demand for steel and its rising price. However, a major shareholder just plunked down $102 million, an average of $92.75 a share. Harbinger Capital now owns 13.9 million shares of Cleveland-Cliffs, a 15.3% stake. Harbinger has nvested more than $275 million in Cleveland-Cliffs.

...

Last Mile Logistics Group has been delivering to the Mid-Atlantic market for several years. Through its subsidiary, Chesapeake Logistics, the company handles the “last mile” of courier service for numerous types of clientele. Last Mile Logistics has a long list of high-profile companies for which it has delivered, including Pier 1 Imports, JCPenney, and Ticketmaster, just to name a few.

Last Mile is the subject of a recent Beacon Equity Research report, in which it received a ‘Speculative Buy’ rating, and a target price of $0.32 from analyst Lisa Springer, CFA. The report states: “We think LMLG warrants a valuation at the high end of the peer group range because of its significant new customer wins, competitive differentiation and above average growth … We also anticipate consistent gross margins gains resulting from greater efficiencies and economies of scale. We expect the Company’s gross margins to improve to a 42 percent

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With the continuation yesterday of Friday’s market weakness, the last of our April 3 calendar-spread bonus trades hit its minimum profit target. Here’s a summary of the three positions: EEM May/June 140 - Reached 20% profit on April 15, less than two weeks into the trade. XLE May/June 77 - Even if entered at the less-than-optimal price of $1.20, this position achieved our 20% minimum profit target on the sell-off in energy that occurred May 1, which was within 4 weeks of entering. IYR May/June 69 - The iShares real-estate ETF proved stronger than we expected, but a week ago the spread was trading near a 20% gain. It would’ve been hard to get an order filled at the target price of $1.50 last week, but today the mid price rose as high as $1.575, ...

I have decided to add an oil name to the conviction list:  Ultra Petroleum Corp (ticker symbol, UPL).   

Ultra Petroleum Corp. engages in the development, production, operation, exploration, and acquisition of oil and natural gas properties primarily in the Green River Basin, southwest Wyoming and Bohai Bay, offshore China. It primarily focuses on the development and expansion of a tight gas sand project located in the Green River Basin in southwest Wyoming. As of December 31, 2006, the company owned interests in approximately 79,566 net acres in Wyoming; and 124,591 net acres in Pennsylvania. Ultra Petroleum Corp. was founded in 1979 and is based in Houston, Texas. 

UPL announced earnings on Feb. 20th and they were steller! UPL reported Q4 EPS of 70c vs. consensus of 32c per share. They also reported Q4 revenues $162M vs. consensus estimates of $156M. Jefferies & Co. believes the company will likely

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