Zacks Analyst Blog Highlights: France Telecom SA, Deutsche Telekom AG, Telefonica SA, Caliper Life Sciences, Inc. and The Valspar Corp.
CHICAGO--(BUSINESS WIRE)--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: France Telecom SA (NYSE: FTE), Deutsche Telekom AG (NYSE: DT), Telefonica SA (NYSE: TEF), Caliper Life Sciences, Inc. (Nasdaq: CALP) and The Valspar Corp. (NYSE: VAL).
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Here are highlights from Tuesday’s Analyst Blog:
France Telecom Still Dialed In
We remain buyers of France Telecom SA ADRs (NYSE: FTE). Improved free cash flow visibility over the next six months combined with an attractive and safe dividend yield suggest that price momentum may continue, driving the stock to new highs.
We expect the stock to get back to its positive momentum, largely due to the impact of cost cutting and rapidly improving results internationally and in France. We revise down our target to $40.00 to reflect rising market risk premiums. When looking at its closest peers, Deutsche Telekom AG (NYSE: DT) and Telefonica SA (NYSE: TEF), FTE still undervalued.
Caliper Not Without Risks
Caliper Life Sciences, Inc. (Nasdaq: CALP) develops and commercializes life science instruments and related consumables and services for use in drug discovery and development and other life sciences research. Caliper makes specialized LabChips (roughly one-inch in diameter) that miniaturize, integrate, and automate laboratory functions, with the intention of enhancing the capabilities, and reducing the size of laboratories.
CALP reported Q3 cash EPS that beat our estimate by $0.04 on revenue that was lower than our forecast. We lowered our FY08 revenue and cash EPS estimates and also lowered our FY09 revenue and cash EPS estimates. Management lowered its revenue guidance for 2008.
Valspar Covered as a Hold
The Valspar Corporation (NYSE: VAL), based in Minneapolis, is the sixth largest paint and coatings manufacturer in the world. It has manufacturing operations all over the world including U.S., Europe, and Asia. It makes coatings for the global industrial, packaging and architectural markets.
Improved pricing and product mix, along with the positive benefits from the restructuring activity and acquisitions, are helping Valspar to realize sales gains. Presently, the company's fastest growing markets are China, Latin America and Eastern Europe.
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