» » 7 Stocks To Know For Monday: Transocean, SanDisk, JetBlue Airways, Southwest Airlines, Hartford Financial Services, BP, Cablevision Systems
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7 Stocks To Know For Monday: Transocean, SanDisk, JetBlue Airways, Southwest Airlines, Hartford Financial Services, BP, Cablevision Systems

By Daily Markets on | More Posts By | Stock Market Blog
  • JetBlue Airways (NASDAQ:JBLU) was initiated as “Buy” by Deutsche Bank (NYSE:DB), and was also upgraded by Bank of America (NYSE:BAC) to Buy from Neutral. Its shares rose 6% to $6.50 in early Monday trading.
  • Southwest Airlines (NYSE:LUV) was upgraded to “Buy” at Deutsche Bank with a price target of $15, citing the airline’s excellent balance sheet and earnings growth in 2010.
  • Transocean (NYSE:RIG) has the price target lowered to $105 at Morgan Stanley (NYSE:MS) in light of the ban on deepwater drilling. It has an overweight rating.
  • Hartford Financial Services (NYSE:HIG) was raised to Buy from Neutral at Bank of America, citing the stock’s decline being a buying opportunity. Its price target was increased to $34.
  • US President Barack Obama wants BP (NYSE:BP) to set up an escrow account to pay damages claims associated with  the Gulf of Mexico oil spill. Markets are betting on BP dividend drop. BP shares fell 6% to $31.92 in early Monday trading.
  • SanDisk (NASDAQ:SNDK) got a boost from an article in Barron’s that said the memory chipmaker is enjoying the benefits of  having its flash memory included in Apple’s (NASDAQ:AAPL) iPad. Its shares climbed 6.5% in morning New York trading.
  • Cablevision Systems (NYSE:CVC) Monday announced plans to acquire Bresnan Communications, a broadband provider that is majority-owned by Providence Equity Partners. It will pay $1.3 billion, and it will also buy back up to $500 million worth of shares. Its shares fell nearly 1%.

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