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: Lan Airlines S.A. (NYSE: LFL), Sierra Wireless Inc. (Nasdaq: SWIR), Grey Wolf, Inc. (NYSE: GW), Precision Drilling Trust (NYSE: PDS) and Arena Pharmaceuticals, Inc. (Nasdaq: ARNA).

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 Friday's Analyst Blog:

Lan Airlines Not Exactly Taking Off

We currently have a Hold recommendation on Lan Airlines S.A. (NYSE: LFL), with a target price of $10 per share. Lan Airlines is the main provider of domestic and international passenger and cargo air services in Chile and one of the leading airlines in Latin America.

The company's operating results for the third quarter of 2008 were positive. In the third quarter, total operating revenue was US$1,204.6 million, a 37.7% increase over the same period of 2007, representing a 36.1% year-over-year increase in passenger revenues and a 51.4% year-over-year rise in cargo revenues. Passenger and cargo revenues accounted for 63% and 34% of total revenues, respectively, while other revenues were responsible for the balance.

Sierra Wireless Misses Estimates

Sierra Wireless Inc. (Nasdaq: SWIR), a leading developer of OEM wireless modem cards and access solutions, declared third quarter 2008 financial results below our estimates.

The company continues to be challenged with intensifying competition in the PC OEM market, coupled with unfavorable economic conditions. We remain concerned that a severe global economic downturn may reduce demand for wireless data cards and USB modems moving forward.

Grey Wolf a Buy on Merger

Grey Wolf (NYSE: GW) reported solid third quarter results on the back of still-strong dayrates and the highest number of average rig count in its history. The company averaged 112 operational rigs during the quarter, up from 105 rigs in the previous quarter.

Importantly, the pending merger with Precision Drilling Trust (NYSE: PDS) remains on track. The combined entity, to be called Precision Drilling, will be a North American land drilling powerhouse with 371 rigs.

Arena: No Near-Term Relief

Arena Pharmaceuticals (Nasdaq: ARNA) reported financial results for the third quarter 2008. Although results were largely in-line with expectations, investors are starting to take notice of Arena's cash position.