Miller Tabak

Miller Tabak initiated coverage on Energy XXI (NASDAQ: EXXI) with a Buy rating and a $46 price target. Miller Tabak said, "The company is set to rapidly grow production and cash flow as they execute on three key growth initiatives: 1) Increased recoveries at known oil fields through horizontal...

Miller Tabak reiterated its Buy rating on Six Flags (NYSE: SIX) and raised its price target to $70. Miller Tabak noted, "We continue think that Six Flags can conservatively trade at a 7.0% free cash flow yield given the stability of the company's cash flows, management's priority of returning...

Miller Tabak reiterated its Neutral rating on Intel Corporation (NASDAQ: INTC) and lowered its price target from $25 to $23. Miller Tabak commented, "Intel is suffering from a double headwind of negative PC market growth and excess inventory. We see these issues lasting into 2013. Until the...

Miller Tabak reiterated its Hold rating on Equity Residential (NYSE: EQR) and raised its price target from $55.87 to $56.02. Miller Tabak noted, "[T]here is one area of valuation where we believe the Archstone acquisition will immediately add to EQR's intrinsic value: the NAV calculation, where...

Miller Tabak raised its rating on Red Robin Gourmet Burgers (NASDAQ: RRGB) from Hold to Buy and increased its price target from $31 to $36. Miller Tabak said, "We upgrade our rating to Buy on Red Robin Gourmet Burgers (RRGB) following the release of betterthan-expected performance in the...

Miller Tabak reiterated its Buy rating on Bravo Brio Restaurant Group (NASDAQ: BBRG) but reduced its price target from $25 to $20. Miller Tabak noted, "We reiterate our Buy rating on Bravo Brio (BBRG) despite yesterday's disappointing quarterly results as we assert yesterday's announcement of a...

Miller Tabak reduced its rating on Willis Group Holdings (NYSE: WSH) from Hold to Sell as the company's long-serving CEO steps down in January. Miller Tabak said, "A transition in a corporate culture created by a charismatic leader inherently carries with it fairly high odds of hitting rocky...

Miller Tabak initiated coverage on Dunkin' Brands Group (NASDAQ: DNKN) with a Hold rating and a $34 price target. Miller Tabak said, "Although we still anticipate respectable same-restaurant sales growth through 2014, we expect comps in the U.S. to decelerate in the next few quarters as (1)...

Miller Tabak initiated coverage on BPZ Energy (NYSE: BPZ) with a Buy rating and a $5 price target. Miller Tabak noted, "“Deep Leads” offer massive upside exploration. BPZ has identified several very large oil leads in Block Z-1 and is in the process of interpreting 3D seismic data to turn these...

Miller Tabak reduced its rating on Panera Bread (NASDAQ: PNRA) from Buy to Hold but raised its fair value estimate from $170 to $172. Miller Tabak noted, "We downgrade shares of Panera Bread (PNRA) to Hold (from Buy) as the stock surpassed our price target yesterday after rallying 28% since early...

Miller Tabak reduced its rating on Silicon Laboratories (NASDAQ: SLAB) from Buy to Neutral. Miller Tabak commented, "The stock has rallied nicely from oversold levels earlier in the year and is within striking distance of our old price target of $43. We are lowing our revenue and EPS assumptions...

Miller Tabak reduced its rating on PMC-Sierra (NASDAQ: PMCS) from Buy to Neutral. Miller Tabak noted, "We continue to like PMC longer term positioning but the company is at the mercy of a slow growth market. We are also concerned about a slowdown in the server and storage space in 2013 after an...

Miller Tabak reduced its rating on Fairchild Semiconductor (NYSE: FCS) from Buy to Neutral. Miller Tabak said, "FCS is suffering from over all macro weakness despite some positive near term positive drivers in the smartphone and tablet market. The company should have backlog to fill the low end...

Miller Tabak reduced its rating on Avnet (NYSE: AVT) from Buy to Neutral. Miller Tabak commented, "We are trimming our expectations for the EM and TS business for the September quarter and beyond. Historically AVT has been able to adjust its business model to adapt to slower growth environments...