Analyst opinions on stocks making headlines in Friday’s market

From Standard & Poor’s Equity Research

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11/28/2008- 9:36am S&P MAINTAINS BUY OPINION ON SHARES OF SUPERIOR ENERGY SERVICES (SPN; 17.39)

U.S. Minerals Management Service says that hurricanes Ike and Gustav destroyed 60 platforms in the U.S. Gulf, up from 54 estimate. We accompany this boosting demand for Superior’s liftboat office plus its well intervention services of the same kind with producers decide whether to replace the platforms or plug and abandon the wells. We note that in January, 2008, Superior got a three-year, $750 million convention to decommission seven downed Gulf platforms and stopper the wells, expected to take three years. With this and its diversified businesses, we behold safe 2009 germination for Superior, despite the recessionary environment. /S. Glickman, CFA

11/28/2008- 9:29am S&P KEEPS HOLD RECOMMENDATION ON SHARES OF WYETH (WYE; 34.93)

Wyeth says data from Phase III scrutinize on Relistor show the drug effective in method of treating of opioid-induced constipation, a worn out side effect among the 10 the public Americans prescribed opioids. We call on Relistor in the same manner with one of people promising R&D products at the company, which we believe order be needed to offset generic erosion in three older drugs (Protonix, Effexor and Zosyn). We imagine Wyeth has one of the more robust pipelines in the big pharma form into groups. However, we adjust our 12-month target price down by $5, to $40. At 10.8 times P/E on our 2009 EPS estimate, this would be more fully aligned with peers. /H. Saftlas

11/28/2008- 9:10am S&P MAINTAINS BUY OPINION ON RESEARCH IN MOTION SHARES (RIMM; 44.77)

RIMM’s new touch-screen Blackberry Storm handset went on sale in U.S. last week, exclusively with Verizon (VZ). We visited more Verizon wireless stores and were told the new smartphone sold out the first appointed time and that inventory wouldn’t be replenished until mid-December. We behold positively the strong commencing sales, but regard risk that RIMM will not be able to fully meet customer demand in the early part of the holiday shopping season. Still, we see RIMM performing relatively well as its smartphones meet carrier and purchaser indispensably for data services. Our target price stays $60. /T. Rosenbluth

11/28/2008- 8:18am S&P MAINTAINS BUY OPINION ON SHARES OF SCHLUMBERGER (SLB; 50.14)

Schlumberger announces a new framework agreement by reason of collaboration on advanced oilfield technology, including R&D activity, with Russia’s OAO Gazprom. We view this as conformable with the company’s inmost part strategies of strengthening its international footprint and enhancing its leadership position in oilfield technology. We see Schlumberger as very well positioned vs. peers in the current recessionary environment, given its lower exposure to North America, and see this agreement complaisant long-term benefits to Schlumberger that should expand its leverage to the faster-growing Eastern Hemisphere. /S. Glickman

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