Zacks Analyst Blog Highlights: Double Eagle Petroleum, Akamai

Technologies, Companhia Vale do Rio Doce and Agere Systems. 
CHICAGO--(BUSINESS WIRE)--Sept. 11, 2006
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: Double Eagle Petroleum
(Nasdaq: DBLE), Akamai Technologies (Nasdaq: AKAM), Companhia Vale do
Rio Doce (NYSE: RIO) and Agere Systems (NYSE: AGR). 
See the latest posts to the Analyst Blog by visiting:
http://at.zacks.com/?id=2673 
Here are highlights from Friday's Analyst Blog: 
Initiating DBLE as a Buy 
We are initiating coverage on Double Eagle Petroleum (Nasdaq:
DBLE) with a Buy recommendation and a 12-month price target of $28.
The company's Rockies-focused natural gas-heavy asset base offers a
balanced mix of low-risk development drilling opportunities and
high-risk/high-reward exploration prospects. 
We believe that Double Eagle is currently at the starting point of
a multi-year growth phase, with 2009 production expected to be nearly
10 times fiscal '05 levels. This growth will come entirely through an
existing pipeline of drilling opportunities. Success on the company's
high-risk deep exploratory tests this year would offer additional
upside. 
Akamai Downgraded 
On September 6th, we downgraded Akamai Technologies (Nasdaq: AKAM)
to Hold as the stock has reached our $40 price target. Fundamentally,
we believe the company is well positioned in its market and will
benefit from industry growth. However, without a meaningful increase
to forward estimates, we are hard-pressed to raise our price target
beyond our new six-month price target of $42.00. 
RIO Pricing Favorable 
Companhia Vale do Rio Doce, or CVRD (NYSE: RIO) reported
second-quarter EPS of $0.77, well above our expectations of $0.63 and
higher than the year-ago level of $0.71, amid strong demand and higher
prices of iron ore, aluminum and non-ferous minerals. Global economic
growth, particularly in China, is driving demand for minerals,
especially iron ore. Demand is outpacing supply, thereby increasing
prices. 
CVRD stands to benefit from higher prices in iron ore and
aluminum. The company has also been making significant investments to
increase production capacity to support stronger worldwide demand.
Moreover, the economic outlook in its domestic country, Brazil, is
showing improvement. We reiterate our Buy rating on RIO. 
Revenue Growth at Agere 
Agere Systems (NYSE: AGR) is an OEM of semiconductor devices used
within the storage, mobility and networking end markets. Third quarter
revenue was just short of the consensus estimate, while the bottom
line beat the estimate by a wide margin. Forward guidance calls for a
2% to 5% revenue growth in the next quarter. 
Revenue growth is the lynchpin in Agere's success story, since
management has completed all actions to reduce costs. The market
sentiment surrounding the stock is very positive. Consequently, we are
reiterating our Buy rating on AGR shares. 
See the latest posts to the Analyst Blog by visiting
http://at.zacks.com/?id=2645 
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