Zacks Analyst Blog Highlights: Kongzhong, China Mobile, Sunoco,

Trammell Crow and Nippon Telegraph & Telephone 
CHICAGO--(BUSINESS WIRE)--Aug. 22, 2006 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: Kongzhong (Nasdaq:KONG),
China Mobile (NYSE:CHL), Sunoco (NYSE:SUN), Trammell Crow (NYSE:TCC)
and Nippon Telegraph & Telephone Corp. (NYSE:NTT). 
See the latest posts to the Analyst Blog by visiting: 
Here are highlights from Monday's Analyst Blog: 
Kongzhong Target Adjusted to $9 
Although Kongzhong (Nasdaq:KONG) announced satisfactory financial
results of the second quarter of 2006, its stock price has declined
greatly since China Mobile (NYSE: CHL) announced its new measure to
service providers. However, Chinese wireless value-added service
providers have great potential and have grown rapidly in the past
three years. Moreover, Kongzhong's leading position on the 2.5G
platform in China will help the company make full use of the 3G
opportunity in the future. 
Overall, we don't think its current stock price fairly represents
the company's intrinsic value. Therefore, we are maintaining our Buy
recommendation for Kongzhong's stock. 
Raising Estimates on SUN 
Sunoco's (NYSE:SUN) reported better-than-expected second-quarter
2006 results, reflecting substantially improved realized refining
margins. We have raised our 2006 EPS estimate to $8.66 from $7.35, to
reflect the second-quarter gain and continued strong refining margins.
Our overall positive outlook for the group - as well as the stock -
remains unchanged. 
With a number of major new petroleum-product specifications coming
into force this year, the supply situation is expected to remain under
pressure. This, we believe, should help keep refining margins at or
above mid-cycle levels in the near to medium term. 
Trammell Crow Stays a Buy 
We are reiterating our Buy recommendation on shares of Trammell
Crow (NYSE:TCC). The company continues to have positive earnings
momentum in most business segments, and we believe it will likely
continue throughout 2006. We like management's focus on expanding its
operating margins, and greatly expanding its development pipeline. 
The Global Services division had another solid quarter, as demand
is still strong in user and investor services. Additionally, the
company should start to realize benefits from its large in process
development pipeline over the next couple of quarters. 
Low Visibility at NTT 
Nippon Telegraph & Telephone Corp. (NYSE:NTT), the largest
provider of fixed-line and wireless telephony services in Japan,
declared disappointing first quarter (ended June) fiscal 2007 results
with net income falling almost 19% year-over-year. The company faces
intense pricing pressure as other service providers churn NTT's
subscriber base with competitive voice, broadband data and wireless
services in most areas of Japan. This continues to impact NTT's
customer retention, top-line sales level and profit margins. 
While the company has given a fairly optimistic outlook for the
rest of the current fiscal year, we believe near-term challenges like
continuous market loss of mobile services to smaller competitors limit
upside visibility. We reiterate our Hold rating for NTT as we look for
substantiated indicators of growth with deployed broadband and
fiber-to-the-home infrastructure that provide advanced service
See the latest posts to the Analyst Blog by visiting 
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
Zacks "Profit from the Pros" e-mail newsletter provides highlights
of the latest analysis from Zacks Equity Research. Subscribe to this
free newsletter today by visiting 
About Zacks is a property of Zacks Investment Research, Inc., which
was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew
he could find patterns in stock market data that would lead to
superior investment results. Amongst his many accomplishments was the
formation of his proprietary stock picking system; the Zacks Rank,
which 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. 
Terry Ruffolo, 312-630-9880 ext. 213
Press spacebar to pause and continue. Press esc to stop.