Insurance, TIM Participacoes, Consolidated Graphics and Alliant Energy CHICAGO--(BUSINESS WIRE)--May 22, 2006 Zacks Equity Research highlights China Life Insurance (NYSE:LFC) as the Bull of the Day and TIM Participacoes S.A. (NYSE:TSU) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Consolidated Graphics (NYSE:CGX) and Alliant Energy (NYSE:LNT). 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 China Life Insurance (NYSE:LFC). It is clear that China Life is the market leader in China's life insurance industry, where opportunities are significant. The company continues to grow a solid client base, employ a unique multi-channel distribution and service network, improve its operational and management procedures, and benefit from the favorable life insurance operating environment. Although China Life still has to face growing competition and it has not successfully completed its conversion to higher margin products, we think its current valuation does not fully reflect its growth prospects. Therefore, we are upgrading our Hold recommendation to Buy on China Life shares. Bear of the Day: Our Bear of the Day recommendation is for TIM Participacoes S.A. (NYSE:TSU). First quarter results showed some positive figures, and the Brazilian short-term economic outlook remains promising with the benign environment for Brazilian domestic interest rates and continued growth in the Brazilian wireless industry. Nevertheless, the incorporation of TIM Celular was negative for TSU, creating a new company that is indebted, not profitable, less efficient, and comes with an expensive valuation. We are also concerned with the difficult competitive environment for the Brazilian wireless sector, and higher interest rates in the U.S. Analyst Blog: Consolidated Graphics (NYSE:CGX) reported fourth quarter EPS of $0.74, ahead of our expectations of $0.72, due to cost containment and earnings accretion from acquisitions. Sales from national account customers and cross-selling initiatives were up strongly by 70% and 37%, respectively. Over the last three quarters, the company's strong earnings growth has exceeded our profit expectations. For FY07, operating margins should expand 20 basis points on account of overhead cost control and continued growth in its national accounts. We reiterate our Buy recommendation on shares of CGX, with a target price of $57.50. Alliant Energy (NYSE:LNT) appears to be well positioned based on improving earnings visibility through regulated rate hikes, increasing generation capacity, debt reduction, and divestiture of international assets and underperforming operations. Nevertheless, rising fuel and costs and increasing capital expenditures modestly temper our outlook. LNT has consistently and significantly outperformed the broader S&P 500 Index over the past six months and we expect this trend to continue. 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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Zacks Bull and Bear of the Day Highlights: China Life
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