Zacks Bull & Bear of the Day Highlights: Biogen Idec, Liberty Property Trust, BB&T, Goldman Sachs and JPMorgan Chase

CHICAGO--(Business Wire)--
Zacks Equity Research picks Biogen Idec (Nasdaq: BIIB) as Bull of the Day and
Liberty Property Trust (NYSE: LRY) as Bear of the Day. In addition, the analysts
at Zacks Equity Research discuss the latest on BB&T Corp. (NYSE: BBT), Goldman
Sachs (NYSE: GS) and JP Morgan Chase (NYSE: JPM).

Full analysis of all these stocks is available at: http://at.zacks.com/?id=2678

Bull of the Day

Biogen Idec (Nasdaq: BIIB) posted solid results in the first quarter of 2009,
despite the slowdown in Tysabri sales due to fears of PML. We think the Biogen
core business will remain strong over the next several quarters. Tysabri
prescriptions are showing an improvement and we believe will resume their
previous pace shortly.

In the meantime, the name is significant under-valued and would be a very
attractive takeout candidate for a large-cap pharmaceutical company looking for
a great phase III pipeline. We expect 2009 to be an eventful year on the
pipeline front.

As investors become more comfortable with both Tysabri trends and emerging
pipeline, we believe shares will recover back into the low $60s. At today's
price, the name is too attractive to ignore.

Bear of the Day

Office and industrial markets continue to weaken throughout the US, which is bad
news for Liberty Property Trust (NYSE: LRY). In the current environment, we do
not favor suburban industrial/office companies as rental rates and occupancies
continue their downward trend.

The company recently cut its quarterly payout to $0.475 per share, 24% lower
than the previous payout. Negative job growth trends will keep shares under
pressure. Despite the economic downturn in the US, operations held up relatively
well in 4Q08. In addition, the company has used to debt and equity to raise
capital in a tight credit environment.

LRY now has plenty of liquidity to address near-term debt maturities. We
maintain our near-term Sell rating based primarily on macroeconomic factors.

Recent Analysis from the Analyst Blog

BB&T Better Than Expected

BB&T Corp. (NYSE: BBT) reported its 1Q09 financial results before market open,
with a conference call held later this morning. Operating earnings for the
quarter came in at $187 million or $0.33 per diluted share, two pennies ahead of
consensus. Though the company had a decent growth in loans and deposits and
increased production in mortgage banking operations, credit quality worsened
sharply, mainly due to deterioration in its housing loan portfolio in Florida,
Atlanta and Metro D.C. areas.

BBT joined the group of banks, including Goldman Sachs (NYSE: GS) and JP Morgan
Chase (NYSE: JPM) waiting to be de-TARP-ed, as soon as possible. During the
conference call, the CEO said that the bank would pay back TARP funds as soon
they get government approval to do so, (presumably after the stress tests are
completed), as he considers it to be "destructive."

Net interest income for the quarter was $1.2 billion, up 1.6% sequentially and
average loans and leases for the quarter increased to $97.3 billion, with growth
spread in all categories except the retail loans and mortgage loans. Average
deposits increased 8.5% year-over-year to $93.9 billion.

Get the most recent insight from Zacks Equity Research with the free Profit from
the Pros newsletter: http://at.zacks.com/?id=2649.

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are
likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6
months.

About the Analyst Blog

Updated throughout every trading day, the Analyst Blog provides analysis from
Zacks Equity Research about the latest news and events impacting stocks and the
financial markets.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis
to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks.
Our analysts are organized by industry which gives them keen insights to
developments that affect company profits and stock performance. Recommendations
and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest
analysis from Zacks Equity Research. Subscribe to this free newsletter today by
visiting http://at.zacks.com/?id=2677.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in
1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns
in stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking system;
the Zacks Rank, which continues to outperform the market by nearly a 3 to 1
margin. The best way to unlock the profitable stock recommendations and market
insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of Profitable
ideas GUARANTEED to be worth your time! Register for your free subscription to
Profit from the Pros at http://at.zacks.com/?id=4582.

Visit http://www.zacks.com/performance for information about the performance
numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should
always research companies and securities before making any investments. Nothing
herein should be construed as an offer or solicitation to buy or sell any
security.

Zacks.com
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

Copyright Business Wire 2009