Analyst upgrades 2-05-07: Credit Suisse has big expectations for Dell


MOST NOTEWORTHY: Dell Inc (DELL) and Taiwan Semiconductor (TSM) were today's most notable upgrades:
  • Dell Inc (NASDAQ: DELL) was upgraded to Outperform from Neutral at Credit Suisse, with a $28 target. The firm expects Dell to augment its existing technology with targeted acquisitions, reduce its cost structure and tweak its distribution philosophy.
  • American Technology upgraded Taiwan Semiconductor Manufacturing Co ADS (NYSE: TSM) to Neutral From Sell.

OTHER UPGRADES:
  • Level 3 Communications Inc (NASDAQ: LVLT) was upgraded to Market Perform from Sell at Janco; the firm doesn't recommend being short on the stock which is going into earnings on February 9th.
  • Dominion Resources Inc (NYSE: D) was upgraded to Hold from Sell, with an $81 target, at Deutsche Bank.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

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