Market Outperform - Price 20.78 on Oct. 30 by Avondale Partners AFAM provides home health-care services in nine states in the Southeast, Midwest, and Northeast....AFAM trades at a '08 enterprise value/earnings before interest, taxes, depreciation and amortization basis multiple of 8.5 times, which is in-line with the peer group range (7.2 times to 10.3 times). At a valuation of 9.4 times 2008 earnings before interest, taxes, depreciation and amortization, AFAM's share price would be 25.

Sector Perform - Price 28.06 on Oct. 30 by RBC Capital Markets Excluding a three-cents-a-share gain on a branch sale, Cathay's 3Q07 operating EPS of 64 cents beat our estimate by a penny and the Street consensus by two cents. Trends were mixed, with strong balance-sheet growth offset somewhat by significant margin compression and weaker credit quality... lowering our target from 34 to 33 (now 12.5 times 2008E EPS), which assumes CATY shares deserve to trade at a slight discount to the average community bank.

Buy - Price 19.04 on Oct. 30 by Morgan Joseph Our 26 target assumes a 9.3 times EV/Ebitda multiple in '08 and accounts for near-term cost pressures and...volatility.

In Line - Price 38.55 on Nov. 1 by Fox-Pitt Kelton Trading at 1.5 times [book value, Citi] is in line w/peer average. We don't see a near-term catalyst for Citi shares outside a direct response to capital situation or further management changes. That said, sentiment... may be near a floor for Citi. Target: 49.

Hold - Price 82.82 on Oct. 30 by Baird Securities FO [makes] and sells home and hardware products, spirits, wine, and golf equipment. FO reported 3Q07 EPS of $1.35, 6 cents above consensus....Increasing '07 EPS estimate to $5.18, from $5.10...Reducing '08 EPS estimate 10 cents to $5.45, factor[ing] in modestly more conservative profitability expectations for home/hardware...Maintain 89 target. Growth in super-premium spirits [offsets] difficult housing-market conditions.

Hold - Price 37.54 on Oct. 30 by Cantor Fitzgerald OMTR announced a definitive agreement to acquire Visual Sciences in a stock and cash transaction, valued at roughly $394 million, that should eventually give VSCN stockholders 13.7% of the combined company...We're concerned that integration challenges... may not justify the opportunity cost...[Yet] we can't find meaningful fault with OMTR decision to eliminate a competitor.

Long-Term Buy - Price 21.95 on Oct. 30 by Hilliard Lyons 3Q results reflected strong industry fundamentals and good company execution. Total revenue rose 11.4% versus year-ago period, on higher attendance, ticket prices, and greater concession business...Industry data show summer '07 box-office tally of $4.18 billion as largest [ever]...total operating expenses rose just 1%, including effects of minimum-wage hikes and inflationary pressures...the shares [are] attractive, based on several valuation measures, including cash flow. A 5.4% dividend yield and moderate but steady earnings growth could provide investors with annual total return of roughly 14%.

Underperform - Price 60.09 on Oct. 30 by Friedman, Billings, Ramsey Safeco reported 3Q07 operating EPS of $1.51 [versus] a $1.55 First Call estimate. SAF has consistently had the largest share buybacks of any insurer we follow. [It] bought even more of its stock. In 3Q07, SAF repurchased 7.9 million shares at a cost of $465 million...financ[ing] the present plan with a $700 million special dividend...[N]et premiums written for auto represent 45% of SAF total. Shortfalls in auto segment will be difficult to [offset]. In our opinion, SAF is fully valued at 1.6 times tangible book value. Target: 62.