Přehled titulů, na které bylo v předchozím obchodním dni vydáno nové doporučení. V první části tabulky naleznete přehled společností, kterým bylo zlepšeno doporučení (upgrade), druhá část tabulky naopak nabízí přehled těch titulů, na které bylo doporučení zhoršeno (downgrade). V tabulkách nechybí samozřejmě ani staré a nové doporučení, název společnosti, která doporučení vydala a případně i cílová cena. Pod tabulkou naleznete vysvětlení všech pojmů, které se v tabulkách vyskytují.
| Titul | Společnost | Cílová cena | Původní doporučení | Nové doporučení | Změna |
| American Science & Engineering | Morgan Keegan | - | Mkt Perform | Outperform |
|
| Ariba | RBC Capital Mkts | 20,00 | Outperform | Top Pick |
|
| Tanger Factory | Merrill Lynch | - | Neutral | Buy |
|
| Trident Microsystems | CE Unterberg Towbin | - | Market Perform | Buy |
|
| UbiquiTel | Raymond James | 7,00 | Outperform | Strong Buy |
|
| Unit Corp | Raymond James | 55,00 | Outperform | Strong Buy |
|
| Verizon | Morgan Keegan | - | Mkt Perform | Outperform |
|
| Akamai Tech | Stanford | - | Buy | Hold |
|
| Amkor | Lehman Brothers | 4,00 | Overweight | Underweight |
|
| Anheuser-Busch | Banc of America Sec | - | Buy | Neutral |
|
| Applebee's | Raymond James | 26,00 | Strong Buy | Outperform |
|
| Argosy Gaming | Banc of America Sec | - | Buy | Neutral |
|
| Argosy Gaming | Jefferies & Co | 44,00 | Buy | Hold |
|
| Argosy Gaming | Wells Fargo Sec | - | Buy | Hold |
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| Ask Jeeves | AmTech Research | - | Buy | Hold |
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| Ask Jeeves | Kaufman Bros | - | Buy | Hold |
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| Ask Jeeves | Oppenheimer | - | Buy | Neutral |
|
| Ask Jeeves | Pacific Growth Equities | - | Over Weight | Equal Weight |
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| Atheros Communications | Raymond James | - | Outperform | Mkt Perform |
|
| Black & Decker | JP Morgan | - | Overweight | Neutral |
|
| Bowater | DA Davidson | - | Neutral | Underperform |
|
| Cigna | Goldman Sachs | - | In-Line | Underperform |
|
| Columbia Banc | DA Davidson | 19,00 | Buy | Neutral |
|
| Corp Office Props | KeyBanc Capital Mkts / McDonald | - | Aggressive Buy | Buy |
|
| Embarcadero | Piper Jaffray | - | Outperform | Market Perform |
|
| EMCOR Group | DA Davidson | - | Neutral | Underperform |
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| ESS Tech | CE Unterberg Towbin | - | Market Perform | Underperform |
|
| First Commonwealth | Ferris Baker Watts | - | Buy | Hold |
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| FTI Consulting | Merriman Curhan Ford | - | Buy | Neutral |
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| Furniture Brands | Sun Trust Rbsn Humphrey | - | Buy | Neutral |
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| GrafTech Intl | JP Morgan | - | Overweight | Neutral |
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| hi/fn | Dougherty & Company | - | Buy | Neutral |
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| Iron Mountain | Fulcrum | - | Buy | Neutral |
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| Isle of Capri | KeyBanc Capital Mkts / McDonald | - | Buy | Hold |
|
| JDS Uniphase | Roth Capital | 4,00 | Buy | Neutral |
|
| John H. Harland | DA Davidson | 36,00 | Buy | Neutral |
|
| Jones Apparel | CSFB | 39,00 | Outperform | Neutral |
|
| Knology | Morgan Keegan | - | Outperform | Mkt Perform |
|
| Lifepoint Hospitals | UBS | - | Neutral | Reduce |
|
| MarketWatch.com | Merriman Curhan Ford | - | Buy | Neutral |
|
| Michaels Stores | Stephens Inc | 32,00 | Overweight | Equal-weight |
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| Nextel Partners | Loop Capital | 17,00 | Outperform | Perform |
|
| OM Group | KeyBanc Capital Mkts / McDonald | - | Buy | Hold |
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| Panera Bread | JP Morgan | - | Overweight | Neutral |
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| Panera Bread | Raymond James | - | Strong Buy | Mkt Perform |
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| PepsiAmericas | Prudential | - | Neutral | Underweight |
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| Photon Dynamics | CE Unterberg Towbin | - | Buy | Market Perform |
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| Plug Power | Needham & Co | - | Hold | Underperform |
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| Priority Hlthcare | Southwest Securities | - | Strong Buy | LT Buy |
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| Quebecor World | CIBC Wrld Mkts | - | Sector perform | Sector Underperform |
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| Quebecor World | Merrill Lynch | 25,00 | Buy | Neutral |
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| Radyne Comstream, Inc. | Roth Capital | 10,00 | Strong Buy | Buy |
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| Research In Motion | Legg Mason | - | Buy | Hold |
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| Research In Motion | Stanford | - | Buy | Hold |
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| SonicWall | Southwest Securities | - | Strong Buy | Neutral |
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| SS&C Techs | Jefferies & Co | 24,00 | Buy | Hold |
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| SunOpta | Adams Harkness | 7,00 | Buy | Mkt Perform |
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| Susquehanna | Legg Mason | - | Hold | Sell |
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| Susquehanna | Sandler O'Neill | 25,00 | Hold | Sell |
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| Symantec | Deutsche Securities | - | Buy | Hold |
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| Symmetricom | First Albany | 10,00 | Buy | Neutral |
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| Terex Corp | Robert W. Baird | 42,00 | Outperform | Neutral |
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| Union Pacific | Wells Fargo Sec | 70,00 | Buy | Hold |
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| Western Sierra | RBC Capital Mkts | - | Outperform | Sector perform |
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| American Eagle | Lehman Brothers | - | Initiated | Equal-weight |
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| Business Objects | Jefferies & Co | - | Initiated | Hold |
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| Children's Place | Lehman Brothers | - | Initiated | Underweight |
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| Equinix | IRG Research | - | Initiated | Buy |
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| Gap Inc | Lehman Brothers | - | Initiated | Overweight |
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| Key Energy | Banc of America Sec | - | Initiated | Neutral |
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| Manhattan Assoc | Jefferies & Co | - | Initiated | Buy |
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| O'Reilly Auto | Friedman Billings | - | Initiated | Outperform |
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| Ross Stores | Lehman Brothers | - | Initiated | Overweight |
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| Tenneco | Banc of America Sec | - | Initiated | Neutral |
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| TJX Cos | Lehman Brothers | - | Initiated | Equal-weight |
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| Urban Outfitters | Lehman Brothers | - | Initiated | Equal-weight |
|
| Ask Jeeves | CSFB | - | Neutral | Outperform |
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| Bankrate | Roth Capital | 12,00 | Neutral | Buy |
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| Blockbuster | Harris Nesbitt | - | Neutral | Outperform |
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| CV Therapeutics | First Albany | - | Buy | Strong Buy |
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| Delta Air Lines | Bear Stearns | - | Underperform | Peer Perform |
|
| Encysive Pharmaceuticals | Brean Murray | - | Hold | Buy |
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| Gardner Denver | KeyBanc Capital Mkts / McDonald | - | Buy | Aggressive Buy |
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| Garmin | Needham & Co | - | Hold | Buy |
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| General Maritime | Ferris Baker Watts | - | Hold | Buy |
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| Gulfmark Offshore | Hibernia Southcoast Capital | 22,00 | Hold | Buy |
|
| INAMED Corp | Lazard Freres | - | Hold | Buy |
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| Kerr-McGee | JP Morgan | - | Underweight | Neutral |
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| Kilroy Realty | KeyBanc Capital Mkts / McDonald | - | Hold | Buy |
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| LSI Industries | Stifel Nicolaus | 12,00 | Market Perform | Outperform/Buy |
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| ManTech | Jefferies & Co | 26,00 | Hold | Buy |
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| MPS Group | Deutsche Securities | - | Hold | Buy |
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| Nationwide Health | Wachovia | - | Mkt Perform | Outperform |
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| PEC Solutions | Jefferies & Co | - | Hold | Buy |
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| PEC Solutions | JP Morgan | - | Neutral | Overweight |
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| Photon Dynamics | DA Davidson | 23,00 | Neutral | Buy |
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| Pope & Talbot | DA Davidson | 18,00 | Neutral | Buy |
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| PTEK Holdings | Roth Capital | - | Buy | Strong Buy |
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| Quest Software | Legg Mason | - | Hold | Buy |
|
| Sunoco Logistics | KeyBanc Capital Mkts / McDonald | 43,00 | Hold | Buy |
|
Nejčastěji používané škály investičních doporučení
Strong buy …. Silné doporučení kupovat
Buy … Kupovat
Neutral … Neutrální doporučení / Držet
Sell … Prodat
Strong sell … Silné doporučení prodat
Buy … Kupovat
Accumulate … Akumulovat (pomalu kupovat, využívat občasných výkyvů v ceně)
Hold … Držet
Reduce … Redukovat (pomalu prodávat, využívat občasných výkyvů v ceně)
Sell … Prodávat
(Market) Outperform … Očekává se, že kurz titulu se bude vyvíjet lépe než celý akciový trh
(Market) Perform …. Kurz titulu se bude vyvíjet podobně jako trh
(Market) Underperform … Očekává se, že kurz titulu se bude vyvíjet hůře než celý akciový trh
Overweight … Zastoupení titulu v portfoliu má být větší, než jaké je v benchmark indexu (fond manažer bývá zpravidla hodnocen podle toho, o kolik je výkonnost fondu lepší než výkonnost benchmarku). Doporučení overweight tedy znamená, že jeho autor si myslí, že titul je natolik dobrý, že fond manažer by jej měl mít v portfoliu víc, než jak mu říká benchmark, a tím by se měla zlepšit výkonnost fondu vůči tomuto benchmarku.
Equal-weight … Tzn. Vyhlídky titulu nejsou ani tak dobré, ani tak špatné, aby se portfolio manažer uchyloval od benchmarku.
Underweight …vyhlídky titulu jsou natolik neatraktivní, že autor doporučení radí fond manažerovi, aby tento titul měl menší zastoupení v portfoliu, než jaké má v benchmarkovém indexu.
Časové rozlišení (horizont)
Long-term (LT) … Doporučení pro dlouhodobý horizont
Intermediate … Doporučení pro střednědobý horizont
Medium-term (MT) … Doporučení pro střednědobý horizont
Short-term (ST) … Doporučení pro krátkodobý horizont
Near-term (NT) … Doporučení pro krátkodobý horizont
Milan Procházka, Patria Finance