Benchmark

According to Benchmark, Orbitz Worldwide (NYSE: OWW) is upgraded to Buy. Benchmark said that it is raising our rating, estimates and price target on Orbitz to reflect stable global hotel demand, accelerating profit from the ebookers European hotel operation, contribution from private label...

According to Benchmark, Valero Energy (NYSE: VLO) is downgraded to Hold. Benchmark said that shares are downgraded to HOLD on less favorable mid-cycle earnings assessment which suggests a fair value roughly equal to the current share price. “Downside risk in shares is limited by anticipated 2012...

According to Benchmark, American Science & Engineering (NASDAQ: ASEI) is downgraded to Sell. Benchmark said that Q2 beat on higher shipments of Z-backscatter vans. “AS&E reported Q2 revenue and EPS of $54.8 million and $0.74 vs. consensus estimates of $51 million and $0.56.” American...

According to Benchmark, Rackspace Hosting (NYSE: RAX) price target is raised to $45. Benchmark said that Rackspace reported solid results with revenue excluding FX up 31% y/y driven by enterprise adoption of cloud services. “We modestly raise 2012 estimates. Our price target increases $3 to $45...

OpenTable (NASDAQ: OPEN) is up 2% this afternoon on the news that Morgan Stanley has taken a 5.9% passive stake in the company. This is good news for the restaurant reservations site, which has been struggling (and failing) to maintain its share price over the past few months. After achieving an...

An unofficial “take that!” to all of Groupon's critics. It's no secret that Groupon (NASDAQ: GRPN) and Benzinga are closely connected. Early this spring, Lightbank – the technology investment vehicle from Groupon co-founders Brad Keywell and Eric Lefkofsky – invested $1.5 million in our company....

Benchmark is out with its report today on OpenTable (NASDAQ: OPEN), lowering its PT from $60 to $50. In its report, Benchmark writes, "OpenTable reported 3Q11 results that missed consensus revenue and EBITDA. Growth decelerated meaningfully due in part to North American restaurant industry...

Benchmark is out with its report today on Lamar Advertising (NASDAQ: LAMR), lowering its PT to $18. In its report, Benchmark writes, "Lamar trades at 8x our 2012E EBITDA of $484 million, a premium to other traditional media stocks that trade at an average of 7x EBITDA, including Outdoor comparable...

The Benchmark Company is out with its report today on Travelzoo (NASDAQ: TZOO), maintaining Buy as TZOO is set to announce 3Q11 EPS this morning. In its report, The Benchmark Company writes, "Travelzoo is set to report 3Q11 results on Thursday, October 20, before the stock market opens. We...

Benchmark is out with its report today on Rackspace Hosting (NYSE: RAX), downgrading RAX from Buy to Hold. In its report, Benchmark writes, "Rackspace is a high-growth, high multiple stock with heavy exposure to small and medium sized businesses. We believe it is the most vulnerable of the data...

According to Benchmark, Meredith (NYSE: MDP) price target is lowered to $27. Benchmark said that the Publishers Information Bureau (PIB) released its 3Q11 magazine industry advertising report, with total rate card advertising revenues better than expected, down 1.6% y/y, with ad pages down 5.6%,...

Benchmark is out with its report today on Overland Storage (NASDAQ: OVRL), maintaining Buy. In its report, Benchmark writes, "OVRL is hosting an investor and analyst day in New York this Thursday after the market close. We think the event may present a short-term trading opportunity as the stock...

Benchmark is out with a research report on ARM Holdings (NASDAQ: ARMH) and it is reiterating its Buy rating and $35 price target on shares. In a note to clients, Benchmark writes, "ARM Holdings is scheduled to report 3Q11 results the morning of October 25. The following day ARM Holdings will host...

Benchmark is out with a research report on Google Inc. (NASDAQ: GOOG) and it has a Buy rating and a $700 price target on shares. In a note to clients, Benchmark writes, "We anticipate strong 3Q11 results when Google reports earnings on Thursday. Macroeconomic slowing has had some impact on the...

Benchmark is out with its report today on Kratos Defense & Security Solutions (NASDAQ: KTOS), reiterating Buy. In its report, Benchmark writes, "We believe the stock offers attractive risk/reward, as Kratos has limited exposure to war funding and potential cuts, and recommend investors buy on...