3 posts and columns on Bank of America/Merrill Lynch

Cisco Can't Save the Market

in News on February 4, 2010 at 12:17 pm PT

Cisco Systems after the close yesterday posted stunningly good results for its January quarter, and provided April quarter guidance that was way above Street expectations. CEO John Chambers could not have sounded more optimistic about the quarter and the outlook if he tried; he said the company saw a broad-based recovery across all geographies and product sectors.

Merrill Turns Cautious on Chips, Foundries; Many Downgrades; Stocks Swoon

in News on November 19, 2009 at 8:40 am PT

Bank of America/Merrill Lynch chip analyst Sumit Dhanda this morning turned cautious on semiconductor stocks, downgrading a slew of stocks; his colleague Daniel Heyler made a comparable on the foundries, lower ratings on a number of stocks. “We are downgrading our view on the sector given unfavorable indications from our cyclical framework,” he writes.

Yahoo Rises as Merrill Turns Bullish

in News on September 10, 2009 at 9:20 am PT

Yahoo shares are on the rise this morning after Bank of America/Merrill Lynch analyst Justin Post lifted his rating on the stock to Buy from Neutral, increasing his price target to $19, from $17. Post describes Yahoo as “a growth company which is now trading like a long-term secular decliner.”