Zacks Bull and Bear of the Day Highlights: Enersis, AMCORE Financial, Harman International and MoneyGram.

CHICAGO -- Zacks Equity Research highlights Enersis S.A. (NYSE: ENI) as the Bull of the Day and AMCORE Financial (Nasdaq: AMFI) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Harman International (NYSE: HAR) and MoneyGram International (NYSE: MGI). 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 Enersis S.A. (NYSE: ENI). Fourth quarter operating results were positive, and the short-to-medium-term outlook for South American electricity demand remains quite promising. The economic outlook for Latin America is positive in the short term and electricity demand should keep on growing. Additionally, lower oil prices and good hydrology during the summer in South America will keep earnings up in the very short term.

Bear of the Day:

Our Bear of the Day recommendation is for AMCORE Financial (Nasdaq: AMFI). Our '07 estimate moves further below consensus as we factor in our latest (more pessimistic) yield curve forecast. The quantitative Zacks Rank for AMFI has fallen to 4, indicating some likelihood for downward pressure on the shares over the near term. The consensus long-term growth rate has fallen since our last report, making the PEG look even higher (a 67% premium to our small-cap bank peer group median). Our price target now implies a -10.7% expected total return over the next six months.

Analyst Blog:

Harman International (NYSE: HAR) reported solid results for the fiscal second quarter, but disappointed investors by not increasing its earnings guidance for fiscal 2007. We slightly lowered our fiscal 2007 and fiscal 2008 estimates. While Harman's automobile infotainment systems market should remain robust over the long term, we maintain that Harman will experience below-trend growth in the short term. We still expect the stock to be a long-term winner, but we would wait for a better entry point before buying the stock. We continue to rate the stock a Hold. Our target price is $100, or 18x-19x our fiscal 2008 EPS estimate.

MoneyGram International (NYSE: MGI) released fourth quarter results Wednesday night after the close. Diluted EPS [earnings per share] was $0.01 short of our estimate and $0.02 below consensus. We saw no big surprises, simply small misses on both the revenue and expense side. Concurrent with the release, management issued its first guidance for 2007. The numbers were a bit softer than our own forecast, and the EPS forecast was below consensus. Much of the discrepancy seems to be in investment areas like expanded locations and marketing support. As we have noted many times, management has extensive control over short-run earnings by varying spending in these areas. Our estimates are ticking downward at this time, as is our price target.

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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