As you can tell, most analyst calls are thinning out and research departments are quieting down until next week.
AUDC started as Accumulate at ThinkEquity.
BBI reitr Buy at Soleil.
BMR started as Overweight at Morgan Stanley.
CBOU reitr Underperform at Piper Jaffray.
CHINA started as Buy at Oppenheimer.
KED started as Buy at Merrill Lynch.
ONT started as Buy at ThinkEquity.
TSN reitr Underperform at Wachovia.
Goldman Sachs noted on STEEL SECTOR: NOVEMBER steel imports were 3.389 million tons, down 13% sequentially on preliminary Census data. GS notes that declining imports and domestic production discipline have already reduced domestic STEEL supply by more than 10% since the estimated SEPTEMBER peak. Imports peaked at 4 million tons a month in July-August and have declined 20% since then. GS expects decline below 3 million tons per month over next seberal months. While this is lower steel consumption and usage, GS believes the declining inventories will let investors to better recognize sustainability of the steel cycle.
by Jon C. Ogg