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By StreetInsider.com, Investing-News.Com
Apr 15, 2005, 08:44

TIN TWAV HGSI MSCC PVTB FLE NTAP MXT MAG AVCT SIAL ELMG PETC MEDI GNVC WBS OPSW IFIN PAYX CNO DNA AXL IBA ATHR EP XLNX GDI CSH UGP GM HXM SUNW AOS TXRH PETD UNH RTN FDC UNH FE RCKY DOVP GNW PII MAGS FDC PETD EMN MERX ANX IBM WB KEY KRI ANSI MAT GE TRB


04/15/2005 08:40:10 AM
StreetInsider Alert for TIN

Apr 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers downgraded Temple-Inland Inc (NYSE: TIN) from Equal-weight to Underweight; $38.00 price target. The firm cites market conditions for containerboard with maturing product profits as reason for downgrade.


04/15/2005 08:40:09 AM
StreetInsider Alert for TWAV

Apr 15, 2005 (streetinsider.com via COMTEX) --Therma-Wave, Inc. (NASDAQ: TWAV) announced the Company has appointed Joseph J. Passarello as vice president of finance. The Company also plans to name Passarello as chief financial officer, succeeding Ray Christie who, as disclosed in the Company's prior press release, has announced his planned retirement from his role as senior vice president, chief financial officer and secretary of the Company. The transition is expected to occur in June 2005 following the completion of the Company's fiscal year 2005 annual report and regulatory filings.
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04/15/2005 08:35:25 AM
StreetInsider Alert for HGSI

Apr 15, 2005 (streetinsider.com via COMTEX) --First Albany upgrades Human Genome Sciences (Nasdaq: HGSI) from 'hold' to 'buy' with a $15 price target.


04/15/2005 08:35:07 AM
StreetInsider Alert for MSCC

Apr 15, 2005 (streetinsider.com via COMTEX) --Stanford Group initiated coverage on Microsemi Corporation (Nasdaq: MSCC) with a Buy rating; $30.00 price target. Oppenheimer started the stock at Buy; $24.00 price target.


04/15/2005 08:30:24 AM
StreetInsider Alert for PVTB

Apr 15, 2005 (streetinsider.com via COMTEX) --Legg Mason upgrades Private Bancorp Inc (Nasdaq: PVTB) from 'hold' to 'buy' with a $35 price target.


04/15/2005 08:30:23 AM
StreetInsider Alert for FLE

Apr 15, 2005 (streetinsider.com via COMTEX) --Oppenheimer initiated coverage on Fleetwood Enterprises, Inc. (NYSE: FLE) with a Buy rating; $14.00 price target.


04/15/2005 08:30:22 AM
StreetInsider Alert for NTAP

Apr 15, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded Network Appliance, Inc. (Nasdaq: NTAP) from Outperform to Peer Perform.

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04/15/2005 08:25:18 AM
StreetInsider Alert for MXT

Apr 15, 2005 (streetinsider.com via COMTEX) --Bear Stearns upgraded Metris Companies Inc. (NYSE: MXT) from Peer Perform to Outperform; target price increased from $14.00 to $16.00. The firm raised their recommendation following MXT reporting March mastertrust data, which showed continued improvement in the performance of the company's securitized receivables.


04/15/2005 08:25:07 AM
StreetInsider Alert for MAG

Apr 15, 2005 (streetinsider.com via COMTEX) --Raymond James downgraded Magnetek, Inc. (NYSE: MAG) from Outperform to Market Perform. The firm based their downgrade on MAG's preannouncement.

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04/15/2005 08:20:17 AM
StreetInsider Alert for AVCT

Apr 15, 2005 (streetinsider.com via COMTEX) --Wells Fargo reinstated Avocent Corporation (Nasdaq: AVCT) with a Buy rating; $30.00 price target. The firm is reinitiating coverage on the stock.


04/15/2005 08:20:16 AM
StreetInsider Alert for SIAL

Apr 15, 2005 (streetinsider.com via COMTEX) --Goldman Sachs reinstated Sigma-Aldrich Corporation (Nasdaq: SIAL) at Underperform. The firm is reinstating coverage on the stock.


04/15/2005 08:15:16 AM
StreetInsider Alert for ELMG

Apr 15, 2005 (streetinsider.com via COMTEX) --Merriman Curhan Ford downgraded EMS Technologies, Inc. (Nasdaq: ELMG) from Buy to Neutral.


04/15/2005 08:10:14 AM
StreetInsider Alert for PETC

Apr 15, 2005 (streetinsider.com via COMTEX) --PETCO Animal Supplies, Inc. (Nasdaq: PETC) filing a Form 12b-25 with the Securities and Exchange Commission for a 15-day extension-filing deadline for its Annual Report on Form 10-K for the year ended January 29, 2005.


04/15/2005 08:10:13 AM
StreetInsider Alert for MEDI

Apr 15, 2005 (streetinsider.com via COMTEX) --MedImmune, Inc. (Nasdaq: MEDI) announced that is has begun dosing adult volunteers in a Phase 1 clinical trial with its respiratory syncytial virus (RSV) vaccine candidate. The vaccine was developed using an attenuated parainfluenza virus type-3 (PIV-3), which was previously evaluated in a Phase 1 clinical trial in infants and recently modified to induce immunity to RSV. Data from preclinical studies indicate that the vaccine protects against both RSV and PIV-3.


04/15/2005 08:05:14 AM
StreetInsider Alert for GNVC

Apr 15, 2005 (streetinsider.com via COMTEX) --GenVec, Inc. (Nasdaq: GNVC) announced that safety and immune response data were presented from the first of several ongoing Phase I clinical trials involving an HIV vaccine candidate developed jointly by GenVec and the Vaccine Research Center (VRC) of the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health. The data presented showed that the vaccine was well-tolerated and immunogenic at each dose level.


04/15/2005 08:01:19 AM
StreetInsider Alert for WBS

Apr 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers initiates coverage on Webster Financial Corp (NYSE: WBS) with an 'equal-weight' rating.


04/15/2005 08:01:18 AM
StreetInsider Alert for OPSW

Apr 15, 2005 (streetinsider.com via COMTEX) --First Albany initiated coverage on Opsware Inc (Nasdaq: OPSW) with a Neutral rating.


04/15/2005 08:01:18 AM
StreetInsider Alert for IFIN

Apr 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers initiates coverage on Investors Financial Services (Nasdaq: IFIN) with an 'overweight' rating.


04/15/2005 08:01:17 AM
StreetInsider Alert for PAYX

Apr 15, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiates coverage on Paychex (Nasdaq: PAYX) with an 'overweight' rating and $38 price target.


04/15/2005 08:01:16 AM
StreetInsider Alert for CNO

Apr 15, 2005 (streetinsider.com via COMTEX) --Morgan Stanley downgraded Conseco Inc (NYSE: CNO) from Overweight to Equal-weight; $51.00 price target. The firm downgraded CNO citing valuation. The firm sees only modest share price upside following strong performance.


04/15/2005 08:01:09 AM
StreetInsider Alert for DNA

Apr 15, 2005 (streetinsider.com via COMTEX) --RBC Capital Markets initiated coverage on Genentech Inc (NYSE: DNA) with an Outperform rating; $70.00 price target. The firm believes DNA is a necessary core holding in any biotechnology portfolio with the most diversified portfolio of products and product candidates in the biotechnology industry. Deutsche Bank upgraded the stock from Hold to Buy; target price increased from $55.00 to $76.00. The firm based their upgrade on positive interim data for Avastin + chemo for tx of 1st-line HER2-neg metastatic breast cancer.


04/15/2005 08:01:08 AM
StreetInsider Alert for AXL

Apr 15, 2005 (streetinsider.com via COMTEX) --Prudential Securities upgrades American Axle (NYSE: AXL) from Underweight to Neutral, saying negative news is already in stock price.


04/15/2005 08:01:07 AM
StreetInsider Alert for IBA

Apr 15, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Industrias Bachoco SA de CV ADS (NYSE: IBA) from Hold to Buy. According to the firm, low raw material prices and a solid domestic mkt for chicken should drive IBA's results. They look for very good 1Q05 numbers, which could prevail over the next 1 or 2 qtrs.


04/15/2005 08:01:07 AM
StreetInsider Alert for ATHR

Apr 15, 2005 (streetinsider.com via COMTEX) --First Albany upgrades Atheros Communications (Nasdaq: ATHR) from 'buy' to 'strong buy' cuts price target to $13. The analyst thinks the sell-off of ATHR is overdone, and thinks the shares' valuation is compelling.

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04/15/2005 08:01:05 AM
StreetInsider Alert for EP

Apr 15, 2005 (streetinsider.com via COMTEX) --A.G. Edwards upgrades El Paso Corp (NYSE: EP) from Sell to Hold, saying downside risk in limited.


04/15/2005 08:00:56 AM
StreetInsider Alert for XLNX

Apr 15, 2005 (streetinsider.com via COMTEX) --Xilinx, Inc. (Nasdaq: XLNX) announced that Kevin Cooney, 45, has been appointed corporate vice president and chief information officer (CIO), reporting to Chief Financial Officer Kris Chellam.


04/15/2005 08:00:56 AM
StreetInsider Alert for GDI

Apr 15, 2005 (streetinsider.com via COMTEX) --Gardner Denver, Inc. (NYSE: GDI) announced that it proposes, subject to market and other conditions, to sell 5,000,000 shares of common stock in an underwritten public offering made under a shelf registration that became effective in February of this year. The underwriters would have an option to purchase up to an additional 750,000 shares to cover over-allotments. Gardner Denver intends to use the proceeds from the sale of the shares, plus other available funds, to finance its pending acquisition of Thomas Industries Inc. and to repay certain outstanding indebtedness. If the acquisition is not completed, the proceeds will be used to repay outstanding indebtedness. The closing of the acquisition is subject to Thomas Industries' shareholder approval, regulatory approvals and other customary conditions.


04/15/2005 08:00:55 AM
StreetInsider Alert for CSH

Apr 15, 2005 (streetinsider.com via COMTEX) --Cash America Int'l (NYSE: CSH) now sees Q1 earnings of approx. $0.39 per share, lower than analysts estimates of $0.46.


04/15/2005 08:00:54 AM
StreetInsider Alert for UGP

Apr 15, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Ultrapar Participacoes ADS (NYSE: UGP) from Hold to Buy.


04/15/2005 08:00:54 AM
StreetInsider Alert for GM

Apr 15, 2005 (streetinsider.com via COMTEX) --Prudential Securities upgrades General Motors (NYSE: GM) from Neutral to Overweight, saying investors are overly negative on the company at this point.


04/15/2005 08:00:49 AM
StreetInsider Alert for HXM

Apr 15, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Homex Development Corp (NYSE: HXM) from Hold to Buy. The firm cited valuation as cause for their upgrade.


04/15/2005 08:00:48 AM
StreetInsider Alert for SUNW

Apr 15, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Sun Microsystems (Nasdaq: SUNW) from 'neutral' to 'underperform', citing self-cannibalization and limited visibility.


04/15/2005 08:00:47 AM
StreetInsider Alert for AOS

Apr 15, 2005 (streetinsider.com via COMTEX) --A.O. Smith (NYSE: AOS) reports Q1 earnings of $0.48 per share, 18 cents better than estimates. Q1 revenues were $409.2 million, lower than analysts estimates of $447.1 million. AOS sees full-year 2005 earnings between $1.80-2.00, higher than analysts estimates of $1.65.


04/15/2005 08:00:47 AM
StreetInsider Alert for TXRH

Apr 15, 2005 (streetinsider.com via COMTEX) --Morgan Keegan initiated coverage on Texas Roadhouse Inc. Class A (Nasdaq: TXRH) with an Outperform rating. The firm believes the management team is well-seasoned, attractively positioned concept, and strong sales and operating trends.


04/15/2005 08:00:46 AM
StreetInsider Alert for PETD

Apr 15, 2005 (streetinsider.com via COMTEX) --First Albany upgraded Petroleum Development Corporation (Nasdaq: PETD) from Neutral to Buy; $35.00 price target. The firm based their upgrade on valuation and noted that PETD's partnership structure provides numerous benefits, including diversification of its drilling program, economies of scale, and access to capital. In addition, they believe under the partnership umbrella, PETD has a low-risk repeatable inventory, with drilling opportunities in the DJ and Piceance Basins.


04/15/2005 08:00:46 AM
StreetInsider Alert for UNH

Apr 15, 2005 (streetinsider.com via COMTEX) --Banc of America downgraded UnitedHealth Group Inc (NYSE: UNH) from Buy to Neutral; $96.00 price target. The firm based their downgrade on valuation.


04/15/2005 08:00:45 AM
StreetInsider Alert for RTN

Apr 15, 2005 (streetinsider.com via COMTEX) --Raytheon Co (NYSE: RTN) announced that it has reached an agreement in principle to settle a class action securities lawsuit pending in the United States District Court for the District of Idaho. The terms of the settlement, which are subject to approval by the court, include a cash payment of $39 million that the Company expects to make in the second quarter of 2005. Plaintiffs' attorney's fees are included within the settlement.


04/15/2005 08:00:44 AM
StreetInsider Alert for FDC

Apr 15, 2005 (streetinsider.com via COMTEX) --Wachovia Securities downgraded First Data Corporation (NYSE: FDC) from Outperform to Market Perform. The firm notes that FDC's huge share buyback is not adding to EPS but merely offsetting lower operating results.


04/15/2005 08:00:44 AM
StreetInsider Alert for UNH

Apr 15, 2005 (streetinsider.com via COMTEX) --Bank of America downgrades UnitedHealth Group (NYSE: UNH) from Buy to Neutral on valuation-Price target $96.

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04/15/2005 08:00:41 AM
StreetInsider Alert for FE

Apr 15, 2005 (streetinsider.com via COMTEX) --A.G. Edwards initiated coverage on FirstEnergy Corporation (NYSE: FE) with a Buy rating; $46.00 price target.


04/15/2005 08:00:41 AM
StreetInsider Alert for RCKY

Apr 15, 2005 (streetinsider.com via COMTEX) --SunTrust Robinson Humphrey initiates coverage on Rocky Shoes and Boots (Nasdaq: RCKY) with a Buy-Price target $37.


04/15/2005 08:00:40 AM
StreetInsider Alert for DOVP

Apr 15, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney initiated coverage on DOV Pharmaceutical Incorporated (Nasdaq: DOVP) with a Buy rating; $22.00 price target.


04/15/2005 08:00:40 AM
StreetInsider Alert for GNW

Apr 15, 2005 (streetinsider.com via COMTEX) --Genworth Financial (NYSE: GNW) reports Q1 earnings of $0.65 per share, 8 cents better than estimates.


04/15/2005 08:00:39 AM
StreetInsider Alert for PII

Apr 15, 2005 (streetinsider.com via COMTEX) --Robert W Baird upgrades Polaris Industries (NYSE: PII) from Neutral to Outperform after Q1 earnings report.


04/15/2005 08:00:38 AM
StreetInsider Alert for MAGS

Apr 15, 2005 (streetinsider.com via COMTEX) --Magal Security Systems Ltd. (NASDAQ: MAGS) announced that it has definitive commitments from unaffiliated institutional investors and certain affiliated investors for the purchase of an aggregate of 1,700,000 registered ordinary shares. Shares sold to the unaffiliated institutional investors were sold at a purchase price of $9.50 per share and shares sold to affiliated investors were sold at a purchase price of $9.92 per share (the closing price of the ordinary shares on the Nasdaq National Market on April 14, 2005) for aggregate gross proceeds of approximately $16.3 million. The affiliated investors are Jacob Even-Ezra, Magal's Chairman of the Board and Chief Executive Officer and Nathan Kirsh, a member of the Board of Directors of the Company and a trustee of the Eurona Foundation that controls Mira Mag Inc, a major shareholder of the Company. The offering is expected to close on or prior to April 18, 2005. Lehman Brothers Inc. acted as the exclusive placement agent for the transaction.


04/15/2005 08:00:38 AM
StreetInsider Alert for FDC

Apr 15, 2005 (streetinsider.com via COMTEX) --Wachovia Securities downgrades First Data Corp (NYSE: FDC) from Outperform to Market Perform after Q1 earnings results.


04/15/2005 08:00:37 AM
StreetInsider Alert for PETD

Apr 15, 2005 (streetinsider.com via COMTEX) --First Albany upgrades Petroleum Development (Nasdaq: PETD) from Neutral to Buy on recent sell-off.


04/15/2005 08:00:36 AM
StreetInsider Alert for EMN

Apr 15, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Eastman Chemical (NYSE: EMN) from Overweight to Neutral.


04/15/2005 08:00:36 AM
StreetInsider Alert for MERX

Apr 15, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB downgrades Merix Corp (Nasdaq: MERX) from Neutral to Underperform on recent acquisition announement-Price target $9.


04/15/2005 08:00:35 AM
StreetInsider Alert for ANX

Apr 15, 2005 (streetinsider.com via COMTEX) --ADVENTRX Pharmaceuticals, Inc. (AMEX: ANX) announced that it has received clearance from the Medicines and Healthcare products Regulatory Agency (MHRA) to begin an international Phase IIb randomized controlled clinical trial using CoFactor with 5-fluorouracil (5-FU) in metastatic colorectal cancer in the United Kingdom. The Company expects to begin patient enrollment for this trial by the end of April 2005. The trial will be conducted at clinical sites in the European Union (EU) and countries outside of the EU following regulatory and ethics approval in each country.


04/15/2005 08:00:35 AM
StreetInsider Alert for IBM

Apr 15, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB downgrades IBM (NYSE: IBM) from Outperform to Neutral after weaker Q1 earnings outlook-Price target $80.


04/15/2005 08:00:34 AM
StreetInsider Alert for WB

Apr 15, 2005 (streetinsider.com via COMTEX) --Wachovia Corp (NYSE: WB) reports Q1 earnings of $1.01 per share, in-line with estimates. Q1 revenues were $6.47 billion, lower than analysts estimates of $6.49 billion.


04/15/2005 08:00:32 AM
StreetInsider Alert for KEY

Apr 15, 2005 (streetinsider.com via COMTEX) --KeyCorp (NYSE: KEY) reports Q1 earnings of $0.64 per share, 3 cents better than estimates. Q1 revenues were $1.17 billion, higher than analysts estimates of $1.15 billion. KEY sees Q2 earnings between $0.62-0.66 per share, in-line with estimates of $0.63. KEY also reaffirms full-year earnings outlook.


04/15/2005 08:00:27 AM
StreetInsider Alert for KRI

Apr 15, 2005 (streetinsider.com via COMTEX) --Knight-Ridder (NYSE: KRI) reports Q1 earnings of $0.79 per share, 8 cents better than estimates. Q1 revenues were $724.7 million, lower than analysts estimates of $732.25 million.

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04/15/2005 08:00:24 AM
StreetInsider Alert for ANSI

Apr 15, 2005 (streetinsider.com via COMTEX) --Advanced Neuromodulation Systems, Inc. (Nasdaq: ANSI) announced that it has received an FDA Investigational Device Exemption (IDE) approval to implant 136 patients at 12 sites to investigate the safety and efficacy of the ANS Libra Deep Brain Stimulation (DBS) System to treat Parkinson's disease. The company has identified a number of sites for the clinical study. The first implants of the Libra IPG System are anticipated to occur in the second quarter of this year.


04/15/2005 08:00:24 AM
StreetInsider Alert for MAT

Apr 15, 2005 (streetinsider.com via COMTEX) --Mattel Inc (NYSE: MAT) reports Q1 earnings of $0.02 per share, 1 cent worse than estimates. Q1 revenues were $783.1 million, lower than analysts estimates of $804.29 million.


04/15/2005 08:00:22 AM
StreetInsider Alert for GE

Apr 15, 2005 (streetinsider.com via COMTEX) --General Electric (NYSE: GE) reports Q1 earnings of $0.38 per share, 1 cent better than estimates. Q1 revenues were $39.8 billion, higher than analysts estimates of $38.02 billion. GE guides in-line for full-year 2005 earnings outlook.


04/15/2005 08:00:21 AM
StreetInsider Alert for TRB

Apr 15, 2005 (streetinsider.com via COMTEX) --Tribune Co (NYSE: TRB) reports Q1 earnings of $0.44 per share (including a net non-operating gain of $0.03), 3 cents better than estimates. Q1 revenues were $1.316 billion, lower than analysts estimates of $1.34 billion.

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