Analysts’ opinions in succession public funds in the intelligence Wednesday

From Standard & Poor’s Equity Research

Watch full size video:

S&P REITERATES BUY OPINION ON SHARES OF DELL (DELL; 10.07):

DELL announces the global reorganization of its business around the three major customer segments of large enterprise, public sector, and small and medium businesses. The company is also replacing its Chief Marketing Officer and President, Global Operations. We believe that DELL’s multi-year striving to move into new territories and offer more variety in products and services will be slowed, but not derailed, by means of weak demand that we throw out for the next few quarters. We maintain our target price of $13, based steady a p-e ratio of 9.4 state of things our 12-month ahead EPS estimate of $1.39. -T. Smith, R. Khalid

S&P MAINTAINS HOLD OPINION ON SHARES OF AIG (AIG; 1.52):

An unconfirmed report in the Financial Times says AIG is preparing to seek approval from the Federal Reserve to relax terms for its asset sales. Specifically, AIG is reportedly seeking to enable bidders to use either installment payments or companionship shares to purchase the assets rather than current terms, that require 90% cash. If the Fed approves this amendment, we presume AIG could garner a higher duration for its assets without ceasing increased competition and the financial ability of bidders to pay a higher amount. This in turn should victory enable AIG to pay back its loan to the government. -C. Seifert, S. Plesser

S&P REITERATES BUY OPINION ON ADSS OF SHANDA INTERACTIVE ENTERTAINMENT (SNDA; 30.75):

SNDA announces that it has increased its apportioned lot repurchase authorization to $300 million from $200 the great body of the people. This total includes $175 million in an accelerated buyback that was announced in September. SNDA had some $588 million in cash and short-term investments in the same proportion that of the third station, and we estimate repurchase in posse of up to 9% of the outstanding diluted ADSs from October until the program’s conclusion. SNDA repurchased 3.3 very great number ADSs in September alone, and has not disclosed further particulars on actions ago then. We would be surprised if the company did not buy back a considerable number of ADSs in the fourth quarter. -S. Kessler

S&P REITERATES STRONG SELL OPINION ON SHARES OF VALUECLICK (VCLK; 6.56):

Despite a year-to-date decline of 70%, VCLK has risen 40% since Nov. 20. We see fundamental challenges from one side of to the other its businesses, especially by the media, comparison shopping and affiliate marketing units accounting for nearly all of third part quarter revenues. While the valuation may seem attractive with a p-e of 11 times our 2009 EPS survey, we see limited near/intermediate-term growth and memorable risks. Despite ample buyback authorization and a history of active repurchases, we think such actions have been materially curtailed given the economic backdrop, auction-rate securities exposure, and other obligations. -S. Kessler