- Citigroup is somewhat cautious on American Intl (NYSE:AIG) lowering their tgt to $41 from $47 saying that despite the new funds, it is not clear that AIG's capital position is sufficient, as they 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) tgt 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 d/g today. - NC)
- Kaufman is initiating a bunch of Solars today. My favourite is SunPower (NASDAQ:SPWR) as according to the firm the co is on track to double capacity in '08 while their models show SunPower exceeding revenue of FSLR in '09. Sets Buy & $120 tgt on.
