Analyst calls (JAN 12, 2007)

Posted Jan 12th 2007 8:12AM by Jon Ogg
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Netflix, Inc. (NFLX), Advanced Micro Dev (AMD), Blockbuster Inc 'A' (BBI), Sun Microsystems (JAVA), Oracle Corp (ORCL)

Advanced Micro Devices Inc. (NYSE:AMD) was downgraded by several bulge bracket firms after its earnings warning: cut to Underweight at Morgan Stanley, cut to Peer Perform at Bear Stearns, cut to Underweight at Prudential, cut to Hold at Citigroup. Stock trading down 9%.

Blockbuster (NYSE:BBI) and Netflix (NASDAQ:NFLX) were both cut to Neutral at JPMorgan.

Anheuser-Busch (NYSE:BUD) was raised to Buy at B of A.

Checkpoint Software (NASDAQ:CHKP) was raised to Outperform at RBC.

Fannie Mae (NYSE:FNM) & Freddie Mac (NYSE:FRE) were both started as Market Perform ratings at Keefe, Bruyette, and Woods.

Nuveen (JNC) was cut to Neutral at Merrill Lynch.

KLA-Tencor (KLAC) was reiterated as Buy at Citigroup and noted as one of its single best ideas for 2007.

SAP (NYSE:SAP) faced several downgrades after its warning yesterday: cut to Neutral at Goldman Sachs, cut to Underperform at JPMorgan, cut to Sector Perform at CIBC, cut to Hold at Jefferies. Oracle (NASDAQ:ORCL) was also cut to Sector Perform at CIBC after SAP numbers.

Sun Micro (SUNW) was cut to Equal Weight at Morgan Stanley.

You can click here for the full research list from 24/7 Wall St.

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