Zacks Analyst Blog Highlights: Toyota Motor Corp., Jamba, Inc., AtheroGenics, Inc., Vodafone Group Plc. And Xilinx, Inc.
Wednesday, October 01, 2008 4:18 PM
Symbols: AGIX, JMBA, TM, VOD, XLNX
(Source: BUSINESS WIRE)trackingZacks.com

Mark Vickery

Web Content Editor

312-265-9380

Visit: www.zacks.com

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: Toyota Motor Corp. (NYSE: TM), Jamba, Inc. (Nasdaq: JMBA), AtheroGenics, Inc. (Nasdaq: AGIX), Vodafone Group Plc. (NYSE: VOD) and Xilinx, Inc. (Nasdaq: XLNX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Tuesday's Analyst Blog:

Toyota Feeling U.S. Slowdown

Toyota Motor (NYSE: TM) continues to expand its production capacity in a manner that increases efficiency and meets local demand, powering it to emerge as the world's financially strongest automaker. A strong presence in North America has been further consolidated by gaining market share from the leading U.S. automakers.

A sluggish U.S. economy, rising costs, pricing pressures, and huge capital expenditures prompt us to rate the stock a Hold with a six-month target price of $78.

Jamba Expected to Underperform

We maintain our Underperform rating on shares of Jamba (Nasdaq: JMBA). As with many fast-growing restaurant chains, the Emeryville, California-based company is suffering from the effects of uncontrolled growth that has led to the opening of under-performing locations and a loss of attention to both innovation and current consumer trends.

The management has formulated a turnaround plan that will curtail unit expansion until store level performance improves, retrench non- store level personnel, close 30 under-performing stores, innovate menu offerings, and build relevance and awareness through effective marketing. However, its efforts face strong headwinds from a cash- squeezed consumer and rising food costs, while the company faces a severe cash flow shortage that poses a risk of bankruptcy, in our opinion.

AGIX: No Near-Term Upside

AtheroGenics (Nasdaq: AGIX) just reported that top-line ANDES data showed a dose dependent response and statistically significant reduction in A1c at the six month period. However, we would categorize the reduction as only modest at 0.6% for the highest (150mg) dose, and continued signs of elevate liver activity give us cause to remain skeptical of the eventual commercial potential of AGI-1067.

Until a large development partner validates the program we choose to remain skeptical of AGI-1067.


Next Page >>
More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved