For Immediate Release

Chicago, IL - April 23, 2009 - Zacks Equity Research picks Gafisa S.A. (GFA) as Bull of the Day and Johnson Controls, Inc. (JCI) as Bear of the Day. In addition, the analysts at Zacks Equity Research discuss the latest on Nabors Industries (NBR), BJ Services (BJS) and Halliburton (HAL).

Full analysis of all these stocks is available at: http://at.zacks.com/?id=2678

Bull of the Day

We are reiterating our Buy recommendation on Gafisa S.A. (GFA). We have been encouraged by the stimulus package and the new value-added tax relief recently announced by the Brazilian government.

Fourth quarter 2008 results were lower than expected, which is a clear indication that the international crisis has reached Brazil's construction sector. The recent acquisition of Tenda will enhance the company's presence in the low-income segment, which will be the focus of the Brazilian government. Thus, we expect Gafisa to benefit

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We are reiterating our Buy recommendation on Gafisa S.A. (GFA). We have been encouraged by the stimulus package and the new value-added tax relief recently announced by the Brazilian government.

Fourth quarter 2008 results were lower than expected, which is a clear indication that the international crisis has reached Brazil's construction sector. The recent acquisition of Tenda will enhance the company's presence in the low-income segment, which will be the focus of the Brazilian government. Thus, we expect Gafisa to benefit from the announced program in the following quarters.

Currently, Gafisa is trading at 7.7x 2009 revised EPS estimate. We reiterate our Buy recommendation on Gafisa, with a target price of US$16.25, representing a valuation between 9x and 10x our 2009 P/E, closer to the Bovespa benchmark for Brazilian stocks.Zacks Investment Research

Gafisa S.A. (GFA) is extremely well positioned in the Brazilian real estate market. The company is a recognized brand and has been growing through acquisitions in order to consolidate its leading position.

The recent joint venture with Tenda will enhance the company's presence on the low-income segment. The long-term potential for growth in the local mortgage business is huge, and its massive inventory of land already acquired, as well as construction in progress, land bank and finished units is positive.

However, we are changing our current recommendation on Gafisa from Buy to Hold. The credit crunch in the U.S. banks is already affecting long-term credit lines for Brazilian banks, thus we foresee less availability of credit and higher rates in the following quarters.

Read the full analyst report on GFA

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

We are keeping our Buy recommendation on Gafisa S.A. (GFA).  The second quarter 2008 results were positive.

The short-term outlook remains promising as the company’s sales are strong and the emergence of a domestic mortgage market continues to support the Brazilian construction sector. The recent joint venture with Tenda will enhance the company’s presence in the low-income segment. We believe the tighter monetary policy in Brazil is just a temporary problem, mainly now that commodity prices are declining.

The potential for growth in the local mortgage business is fantastic, and the huge inventory of land already acquired, construction in progress, and finished units all point to strong earnings and revenues in future quarters. Currently, Gafisa is trading at 11.2x our 2008 estimated EPS. The valuation is now more attractive as a result of the continued growth on the company s sales and earnings. We are expecting a very strong

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