Buy - Price 62.99 on April 7 by Zacks Research AGU is growing through acquisition and incremental expansion of existing operations. The proposed UAP acquisition is likely to drive revenues and profits on the back of expanded product line....Supply/demand is strong for nitrogen and phosphate fertilizers, and AGU has high leverage to increasing prices. AGU also has significant free cash flow. 80 target. Market cap: $9.9 billion.

Market Perform - Price 19.53 on April 7 by First Global Slumping U.S. consumer spending doesn't augur well...Cost-cutting [has] yet to bear fruit. Growth momentum ahead will depend on emerging markets. For Q1 [fiscal-year] '09, we expect pro forma earnings per share of 34 cents. DELL trades at 12.2 times FY09 earnings and EV/[earnings before interest, taxes, depreciation and amortization] of 7.4 times FY09 earnings. What makes us unenthusiastic: [Dell's] valuation relative to Hewlett-Packard remains uninteresting...Market cap: $39.9 billion.

Market Outperform - Price 26.18 on April 7 by JMP Securities eHealth issued an 8-K with a notification that it has launched [a] platform for a major insurance carrier in California (our conversation with EHTH revealed that the carrier is Blue Cross/WellPoint). This technology integrates eHealth's platform with its carrier partner's...[this should] strengthen the company's value proposition with both carriers and consumers. We maintain our 1Q08 estimates of $25.8 million in revenue (consensus: $26.4 million) and 13 cents in GAAP EPS (versus: 12 cents) and 2008 forecasts of $115.5 million (versus: $116.5 million) and 61 cents (versus: 62 cents). eHealth currently trades at 18.3 times our 2008 Ebitda estimates and 13.6 times our 2009 Ebitda estimates. Target: 32. Market cap: $639 million.

Sell - Price 7.70 on April 8 by Sandler O'Neill TERI, the not-for-profit guarantor of FMD's securitization transactions, filed for bankruptcy protection...as we move through 2008, the likelihood will increase that the company may need to sell at least some portion of its residual assets at distressed prices in order to raise cash. As a result, we believe a 25% discount to book value is reasonable, given FMD's challenged liquidity situation [and are] lowering our target to 7, from 11. Market cap: $718 million.

Long-Term Buy - Price 9.17 on April 7 by Hilliard Lyons This business-development firm makes capital investments in small and midsize companies in connection with acquisitions, change in control, and recapitalizations...It's conducting a rights offering [that will let] shareholders purchase common shares at 93% of the average five-day close ending April 21. The rights are being traded under the symbol GAINR -- 44 cents....Primarily due to a weak secondary market, many of its own loans are selling for less than their cost. Target 12. Market cap: $152 million.

Market Outperform - Price 17.76 on April 9 by Avondale Partners SWIR announced the acquisition of CradlePoint for $30 million in cash/stock, and plans to repurchase about 1.6 million shares. We see these actions as positives that...[help its] balance sheet and business and returns cash to shareholders. SWIR is trading at 11.1 times [calendar]'08 EPS versus peers at 14.2 times, with $5.48 in net cash per share. Market cap: $577 million.

Hold - Price 22.80 on April 8 by Sterne Agee Due to...lower short-term rates and potential for continuing asset-quality slippage...at least for the next several quarters, we see the margin coming under significant pressure. Problem loans...for this bank holding company with $9 billion in total assets...increased substantially in the fourth quarter; given the exposure to the Florida Panhandle, we believe further increases are possible. With the stock trading at 218% [of] tangible book value, we believe the price could be vulnerable....We look for EPS of 40 cents, down 9.1% from last year and two cents from the fourth quarter....Loan losses to average loans are forecast at 0.45%. Market cap: $1.28 billion.

Hold - Price 5.01 on April 7 by Wedbush Morgan We're cautious near-term on Virco, the largest U.S. manufacturer of school furniture, as the slowing economy and lower local-tax receipts are expected to negatively impact municipal operating budgets...limit[ing] growth in the next 12 to 18 months....By applying an EV/sales multiple of 0.35 times (a 10% discount) to our revised forward 12-month revenue estimate of $234.2 million, we derive our 5.75 target...down from 7.50. Market cap: $72 million.