Zacks Bull and Bear of the Day Highlights: Tesoro Corporation, Logitech International, United Continental Holdings, Delta Air Lines and AMR Corporation

For Immediate Release

Chicago, IL – August 19, 2011 – Zacks Equity Research highlights Tesoro Corporation (TSO - Analyst Report) as the Bull of the Day and Logitech International (LOGI - Analyst Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis United Continental Holdings (UAL - Analyst Report), Delta Air Lines Inc. (DAL - Analyst Report) and AMR Corporation (AMR).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.

Here is a synopsis of all five stocks:

Bull of the Day:

We maintain our long-term Outperform recommendation on Tesoro Corporation (TSO - Analyst Report) following a stellar second quarter 2011 performance. Higher throughput, improved margin environment and efficient operational performance aided the company to beat our earnings per share and revenue projections.

We believe that the favorable trends in the refining industry coupled with improvement in overseas economic activity and prospects for stronger fuel demand in the domestic market will enable the company to attain a competitive edge against its peers in the coming months. Furthermore, Tesoro's strategic actions -- to upgrade crude oil supply and cost saving initiatives -- will drive the company's profitable growth and boost its stock valuation.

As such, we rate Tesoro shares as an attractive investment and continue to rate it as Outperform. Our $25 price objective reflects a 2011 P/E multiple of 6.4x.

Bear of the Day:

We are downgrading our Neutral recommendation on Logitech International (LOGI - Analyst Report) to Underperform with a target price of $8.25. In the recently concluded quarter, the company witnessed lower than expected sales, especially in the EMEA region.

The weakness in EMEA was the result of lower-than-expected demand late in the fourth quarter and poor execution of pricing in channel programs in the region. Further, the gross and operating margins also declined due to weaker-than-expected demand and the charge related to re-pricing of Logitech Revue.

In addition, for fiscal 2012, the company expects a decline in sales of its PC peripherals, primarily in the mature markets. Logitech currently has a Zacks #5 Rank (Strong Sell).

Latest Posts on the Zacks Analyst Blog:

United to Roll Out Boeing 787

One of the leading air carriers, United Continental Holdings (UAL - Analyst Report) announced its plans to deploy its first Boeing 787 Dreamliner aircraft in early 2012.  This is the first of the 50 Dreamliners that the company plans to deploy.

United Continental will become the first U.S. airline to receive the Boeing 787. This milestone move will take the company a step ahead of its peers Delta Air Lines Inc. (DAL - Analyst Report) and AMR Corporation (AMR).

Boeing 787 will be equipped with improvised features like better lighting, bigger windows, larger overhead bins, increased cabin humidity, reduced cabin pressure and enhanced ventilation systems. The carrier will also have 36 flat bed seats in Business class, 63 extra-legroom seats in Economy Plus and 120 seats in Economy. The aircraft's superior cabin environment and sleek design allow it to fly farther, faster and more efficiently.

Further, the company believes that the Boeing 787 will allow new business wins in long-haul markets and replace older, less-efficient large size aircraft given its fuel efficiency and best-in-class operating performance. United Continental operates one of the most fuel-efficient fleet in the industry with luxurious seats and other activities.

United expects to take delivery of 25 Boeing 787 aircraft and 25 Airbus A350XWB aircraft from 2016 to 2019. Continental expects to take delivery of 84 new aircraft (59 Boeing 737 and 25 Boeing 787 aircraft) from April 2011 to 2016. Continental took delivery of two Boeing 737 aircraft in March and is expected to take delivery of two additional Boeing 737 aircraft in the remainder of 2011.

United Continental is in process of re-branding the fleet, offering Wi-fi in more than 200 Continental Boeing 737 and 757 aircraft through LiveTV and continuing to reconfigure its international aircraft with new flat-bed seats in first and business classes. The fleet will also be equipped with winglets, direct TV in every seat back and the new Boeing Sky Interior, improving customer experience on-board.

We maintain our long-term Neutral recommendation on the stock supported by a Zacks #3 Rank (Hold).

Get the full analysis of all these 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.

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Read the full analyst report on TSO

Read the full analyst report on LOGI

Read the full analyst report on UAL

Read the full analyst report on DAL

Read the full analyst report on AMR