(Source: 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: Toyota Motor Corp. (NYSE: TM), Whole Foods Market, Inc. (Nasdaq: WFMI), Penn Virginia Resource Partners (NYSE: PVR), Incyte Corp. (Nasdaq: INCY) and Lloyds TSB Group plc. (NYSE: LYG).
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Here are highlights from Friday's Analyst Blog:
Toyota Down to Reasonable Value
Toyota Motor Corporation (ADR) (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.
Moreover, the company also has a strong cash flow and a strong balance sheet. However, Toyota is unable to offset sales losses in America even as it continues an aggressive expansion in China, the Middle East, and other emerging markets.
Whole Foods a Buy Up to $15
Whole Foods Market, Inc. (Nasdaq: WFMI) fiscal fourth quarter results were weak, as expected. Excluding store closure costs, the company earned $0.13 per share, matching our estimate. Including those costs, Whole Foods had EPS of $0.01.
More importantly, at least for the near term, Whole Foods Market secured an equity investment of $425 million, which should alleviate any credit-related concerns for the company. Looking ahead to 2009, the company expects sales of $8.3 billion and EPS $0.68-$0.75 including FTC (Federal Trade Commission)-related legal costs and preferred stock dividends.
Penn Virginia Target Unchanged
Penn Virginia Resource Partners (NYSE: PVR) reported earnings today of $0.20 per adjusted limited partner unit, a decrease of 54% from Q3'08 due to increased cash payments to settle derivative contracts and higher interest expense. Operating income was higher year-over-year due to increases in royalties per ton and throughput volumes.
We are maintaining our recommendation and leaving our target price unchanged. We are currently assessing PVR's market position as it relates to the tough economic and financial markets. We will issue a full report in the near future.
Incyte Risk/Reward Balanced
We maintain a Hold rating on the shares of Incyte Corp.
