The Zacks Analyst Blog Highlights:Tesla Motors, Hertz Global Holdings, Daimler, Compuware and Credit Suisse Group

News provided by

Sep 27, 2013, 09:30 ET

CHICAGO, Sept. 27, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Tesla Motors, Inc. (Nasdaq:TSLA-Free Report), Hertz Global Holdings, Inc. (NYSE:HTZ-Free Report), Daimler AG (OTC:DDAIF-Free Report), Compuware Corp (Nasdaq:CPWR-Free Report) and Credit Suisse Group (NYSE:CS-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

Tesla Model S in Hertz Rental Fleet

Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) will be supplying Model S electric vehicles to Hertz Global Holdings, Inc.'s (NYSE:HTZ-Free Report) Dream Cars section in the U.S. The Model S vehicle is an addition to Dream Cars' list of premium cars such as Ferrari, Lamborghini, Porsche, Daimler AG's (OTC:DDAIF-Free Report) Mercedes Benz and Tesla Roadster.

Tesla's Model S will be available for customers at San Francisco and Los Angeles airports. Hertz will expand the availability of Model S to other locations depending on consumers demand.

The move to list Model S in Hertz's rental fleet is a strategic one. Passengers will be able to experience a Model S ride, which might lead them to purchase the car. Thus, Model S may experience higher sales.

Tesla Model S is an 85kWh car that can cover 265 miles on a single charge. The vehicle ensures fuel efficiency and zero emission. It can reach a speed of 60 mph in 4.2 seconds. The popular sports car offers luxury and quality driving experience.

Tesla's Model S has won the top vehicle safety rating from the National Highway Traffic Safety Administration (NHTSA). The car obtained a five-star rating overall and also for each of its subcategories. This was a coveted award for Tesla as only 1% of cars tested receive the 5-star rating from NHTSA. With this, Tesla's Model S sedan ensures exceptional safety to the passengers as it has the lowest possibility of injury to passengers among all major cars sold in the U.S. The safety score of this sedan exceeded the score of most sports utility vehicles and minivans.

Hertz operates a car rental business under Hertz, Dollar, Thrifty, and Firefly brands in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in U.S. and operates at 111 major airports in Europe.

Tesla designs and manufactures electric vehicles and electric vehicle power train components. Currently, Tesla carries a Zacks Rank #2 (Buy), while Hertz carries a Zacks Rank #3 (Hold).

Compuware Prices Covisint IPO

Compuware Corp (Nasdaq:CPWR-Free Report) recently announced the pricing of the initial public offering (IPO) of Covisint Corp, its wholly-owned subsidiary. The shares begin trading today under the symbol COVS. Covisint Corp filed an S-1 statement with the Securities and Exchange Commission (SEC) in May this year.

However, at that time Covisint did not specify the number of shares for the IPO and also the price range. Currently Covisint is offering 6.4 million shares for $10 per share, which represents approximately 17.6% of its issued and outstanding shares. Moreover, the underwriters have a 30-day option to purchase up to an additional 960K shares at the IPO.

Credit Suisse Group's(NYSE:CS-Free Report) U.S. division, Credit Suisse Securities LLC acted as lead book-running manager, while Pacific Crest Securities LLC acted as joint book-running manager for the offering. Evercore acted as a co-manager.

In Jan 2013, Compuware rejected a $2.3 billion bid from activist investor Elliott Management, stating that the $11.00 per share offer was inadequate. Post the Elliott offer, Compuware had reportedly solicited a number of other private equity funds such as Blackstone Group LP, TPG Capital LP and Golden Gate Capital for a possible buyout. However, to date nothing concrete has materialized from these discussions.

As a part of Compuware's restructuring initiatives, Covisint's IPO is expected to give it greater flexibility in pursuing strategic growth opportunities. Compuware intends to offer approximately 20% of Covisint's Class A stock in the IPO and will distribute its remaining shares directly to shareholders after the completion of the IPO.

Compuware's 3-year restructuring plan is expected to save approximately $60.0 million. For fiscal 2014, the plan is expected to save a minimum of $20 million. On May 16, 2013, Compuware declared its first dividend of 12.5 cents that was paid on Jun 19, 2013, as a part of its restructuring program.

We believe that Compuware's restructuring initiatives are positive for shareholders over the long term. The company's strong product portfolio, new program wins and innovative product portfolio will help it to counter strong competition

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on TSLA - FREE

Get the full Report on HTZ - FREE

Get the full Report on DDAIF - FREE

Get the full Report on CPWR - FREE

Get the full Report on CS - FREE

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.