Zacks Bull and Bear of the Day Highlights: Logitech International, King Pharmaceuticals, Campbell Soup Company and Akamai

Business Wire, June 29, 2006

CHICAGO -- Zacks Equity Research highlights Logitech International (Nasdaq:LOGI) as the Bull of the Day and King Pharmaceuticals (NYSE:KG) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Campbell Soup Company (NYSE:CPB) and Akamai (Nasdaq:AKAM). Full analysis of all four stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all four stocks:

Bull of the Day:

Our Bull of the Day recommendation is for Logitech International (Nasdaq:LOGI). We believe Logitech is poised for solid growth in fiscal 2007, as it is cutting costs and improving its product line in several key areas. Logitech's modestly priced offerings also should help the company maintain growth, despite any potential slowdown in consumer spending. We have slightly raised our revenue and earnings estimates for LOGI after the recent Analyst day in London gave us a better feel for its new product offerings in 2007. We expect shares of LOGI to trade around 25x our 2007 EPADS estimate, or around $47.75 in the next six months. It is for these reasons we have raised our rating on LOGI to a buy from hold.

Bear of the Day:

Our Bear of the Day recommendation is for King Pharmaceuticals (NYSE:KG), a vertically integrated pharmaceutical company that focuses on developing and marketing branded prescription pharmaceutical products. Most of the company's key products are either facing increased competition or generic threat. Additionally, we are concerned about declining prescription trends for most of these products. We believe that generic threat and mounting competition will continue to hinder both top- and bottom-line growth going forward. As such, we are maintaining our Sell rating with a $14 target.

Analyst Blog:

Campbell Soup Company's (NYSE:CPB) Transformation and Driving Quality Growth Plans are improving the top line through a combination of improved products, attractive packaging, a new retail shelving system and more effective marketing. Fiscal 2005 was a unique year, during which Campbell's implemented a very successful pricing strategy.

However, fiscal 2006 is seeing the accounting adoption of employee stock-based incentives (SFAS 123R) and continued rising commodity costs. Hence, the Hold rating is maintained.

Increasing revenue and a growing customer base have helped Akamai (Nasdaq:AKAM) achieve profitability. The acquisition of Speedera Networks also bolsters its customer base. The continued shift of media such as audio and video online, increase demand for a distributed infrastructure for efficient delivery of content. Given Akamai's leading position and recent contract signings, we are increasingly confident that growth will continue to accelerate. We therefore maintain a Buy rating on AKAM and raise our price target to $45.00.

Get the full analysis of all four stocks by going to http://at.zacks.com/?id=2649.

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

About the Analyst Blog

Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.

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