Today's noteworthy downgrades include: OpenTable (OPEN) downgraded to Neutral from Outperform at Credit Suisse...OpenTable downgraded to Perform from Outperform at Oppenheimer...Owens Corning (OC) downgraded to Neutral from Buy at Citigroup...Netgear (NTGR) downgraded to Hold from Buy at Deutsche Bank...BP (BP) downgraded to Hold from Buy at Societe Generale...CBOE Holdings (CBOE) downgraded to Underperform from Market Perform at Keefe Bruyette...Niska Gas (NKA) downgraded to Underperform from Market Perform at Wells Fargo...Amyris (AMRS) downgraded to Neutral from Overweight at Piper Jaffray...Steris (STE) downgraded to Market Perform from Outperform at JMP Securities...Demand Media (DMD) downgraded to Underweight from Equal Weight at Morgan Stanley...Annaly Capital (NLY) downgraded to Market Perform from Outperform at FBR Capital...American Capital Agency (AGNC) downgraded to Neutral from Buy at Sterne Agee...Planar Systems (PLNR) downgraded to Neutral from Buy at Roth Capital...Denbury Resources (DNR) downgraded to Neutral from Positive at Susquehanna...Morgan Stanley (MS) downgraded to Hold from Buy at Collins Stewart...Gaylord Entertainment (GET) downgraded to Neutral from Overweight at JP Morgan...Louisiana Pacific (LPX) downgraded to Sell from Neutral at UBS...DTS, Inc. (DTSI) downgraded to Sector Perform from Outperform at Pacific Crest...Codexis (CDXS) downgraded to Sector Perform from Outperform at Pacific Crest...Buffalo Wild Wings (BWLD) downgraded to Market Perform at Raymond James. :theflyonthewall.com
Planar Systems sees FY12 revenue up 10%, keeps long-term targets
Planar Systems expects total revenue to increase approximately 10% in FY12 compared to FY11, primarily driven by increases in its digital signage product sales and expected new design wins for custom industrial displays. The rate of year over year revenue growth will fluctuate from quarter to quarter depending on a number of factors including the timing, nature and size of design wins and related scheduled deliveries. For FY12 the company anticipates second half revenues will increase over 10% compared to the first half of FY12 and the Q4to be profitable on a Non-GAAP basis. As previously communicated, the company continues to target 10% total revenue growth per year over the next 3 to 4 years, including 30% growth for sales of digital signage products and a longer term business model of 4%-6% operating income as a percent of total revenue. :theflyonthewall.com
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