Early Morning Analyst Tidbits (5/28/08)

by: Notable Calls

  • Citigroup is somewhat cautious on American Intl. Group (NYSE:AIG) lowering its target to $41 from $47, saying that despite the new funds, it is not clear that AIG's capital position is sufficient, as the Firm believe it merely adds capital sufficiency for AIGFP without increasing former capital adequacy to the holding company. If AIG will need to funnel the funds to its subsidiaries, the rating agencies could suggest an increase in capital cushion. (Not sure it's a short here, though - NC)
  • RBC Capital is upping Digital River's (NASDAQ:DRIV-OLD) target to $47 from $43. (Nice chart. Ugg likes it too - NC)
  • Omnivision (NASDAQ:OVTI) downgraded to Perform at OpCo just ahead of earnings. (Worth keeping an eye on. Ugg thinks OVTI will get killed on this downgrade today. - NC)
  • Kaufman is initiating a bunch of Solars today. My favorite is SunPower (NASDAQ:SPWR) as according to the Firm, the company is on track to double capacity in '08 while its models show SunPower exceeding revenue of FSLR in '09. Sets Buy & $120 target on.