Novo Nordisk is downgraded to 'sell,' and United Continental is initiated with an 'outperform.'
Jefferies is downgraded to 'sell,' and Micron is initiated with an 'outperform.'
We don't expect the online reviews site to turn cash-flow positive before 2013.
Although management expects costs to increase next quarter, we still see untapped revenue sources for the future.
An increased customer base helps the company improve subscription revenues in the fourth quarter.
BP is downgraded to 'hold,' and Costco is initiated with 'market perform.'
Groupon has risen quickly from obscurity -- and its downfall could be just as fast.
If the restaurant reservation site's increasing spending outpaces revenue growth, margins will take a serious hit.
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