CHICAGO--(Business Wire)--
Zacks Equity Research highlights Inspire Pharmaceuticals, Inc. (Nasdaq: ISPH) as
the Bull of the Day and Sears Holdings (Nasdaq: SHLD) the Bear of the Day. In
addition, Zacks Equity Research provides analysis on Moody's Corp. (NYSE: MCO),
CBS Corporation (NYSE: CBS) and Forest Oil Corporation (NYSE: FST).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Bull of the Day:
Inspire Pharmaceuticals, Inc. (Nasdaq: ISPH) is a specialty pharmaceutical
company focused on the development and commercialization of treatments for
respiratory and ophthalmologic disorders.
Currently, the company has three products on the market and a robust pipeline.
We see strong top line growth from 2009 and beyond. Inspire just reported
positive phase III data of Denufosol for CF. The company has a strong
collaborative alliance with Allergan Pharmaceuticals for key products that treat
dry eyes and allergic conjunctivitis.
Current price is attractive. We maintain our Outperform rating on shares of
Inspire with a price target of $7.00.
Bear of the Day:
Sears Holdings' (Nasdaq: SHLD) vulnerability to the continued economic downturn
is adversely affecting its top-line growth. The company recorded an 8.6% decline
in same-store sales and closed 28 non-performing stores during the fiscal 2009
second quarter amid a slump in housing and sluggish apparel sales.
Moreover, intense competition from giant discounters, mass merchants and
regional stores, coupled with the seasonality of business and exposure to
foreign currency fluctuations, severely undermine the company's future growth
prospects and sustainability.
Consequently, we have changed the recommendation for the company from Neutral to
Underperform as we anticipate it to perform well below the broader market.
Latest Posts on the Zacks Analyst Blog:
Raising Moody's Estimates
We are raising our estimates for Moody's Corp. (NYSE: MCO) for the fourth
quarter of fiscal 2009 and full year of fiscal 2010 due to continued resurgence
in the company's results. Moody's is an industry leader in the credit rating
industry and enjoys a high organic growth rate, along with strong profit margins
and cash flows.
Results for the first nine months of 2009, although below year-ago level were
better than the Zacks Consensus Estimate, reflecting an improvement in credit
markets and growth in Moody's Analytics business.
CBS Tops Zacks Estimate
CBS Corporation (NYSE: CBS) recently reported better-than-expected third-quarter
2009 results. The quarterly earnings of 25 cents a share surpassed the Zacks
Consensus Estimate of 22 cents, but fell 35.9% from 39 cents posted in the
prior-year quarter.
On a reported basis, including one-time items, quarterly earnings of 30 cents a
share improved from quarterly loss of $18.58 delivered in the year-ago quarter.
Forest Misses on Lower Sales
Forest Oil Corporation (NYSE: FST) reported its third-quarter 2009 earnings of
48 cents per share, compared with the Zacks Consensus Estimate of 53 cents and a
year-ago profit of $1.26. Before adjusting one-time items, earnings were $1.53
per share. The results came in below expectations mainly due to lower sales
volumes.
Sales volumes for the quarter came in at 476 MMcfe/d (77% natural gas), down 9%
from 520 MMcfe/d in the corresponding 2008 period. The decrease in production
was due to deferred and divested volumes.
Get the full analysis of all these stocks by going to
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
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financial markets.
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