Analyst upgrades 2-12-07: Disney, Apple both upgraded today
Posted Feb 12th 2007 11:15AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Apple Inc (AAPL), Walt Disney (DIS), Adobe Systems (ADBE), Ciena Corp (CIEN), MasterCard Inc'A' (MA), Southwest Airlines (LUV), Kraft Foods'A' (KFT)
MOST NOTEWORTHY: The Walt Disney Co (DIS), Apple Inc (AAPL) and MasterCard Inc (MA) were two of today's notable upgrades:
- CIBC upgraded The Walt Disney Co (NYSE: DIS) to Sector Perform from Underperform with a $40 target, following fourth quarter earnings and long-term fundamentals.
- Citigroup upgraded Apple Inc (NASDAQ: AAPL) to Buy from Hold with a $105 target citing the company's compelling risk/reward.
- MasterCard Inc (NYSE: MA) was upgraded to Market Perform from Underperform at Keefe Bruyette with a $115 target, based on fourth quarter results and valuation.
OTHER UPGRADES:
- Kraft Foods Inc (NYSE: KFT) was upgraded by UBS to Neutral from Reduce with a $34 target, as the firm believes expectations for "shareholder friendly" actions will bring modest upside to the stock.
- Bear Stearns upgraded Southwest Airlines Co (NYSE: LUV) to Outperform from Peer Perform citing a recovery in non-fuel margin performance and LBO potential.
- Raymond James upgraded Panera Bread Co (NASDAQ: PNRA) to Strong Buy from Outperform.
- CIBC upgraded Qwest Communications Int'l Inc (NYSE: Q) to Sector Performer from Sector Underperformer on valuation.
- Oppenheimer upgraded shares of Adobe Systems Inc (NASDAQ: ADBE) to Buy from Neutral with a $43 target on valuation and strong business momentum.
- Credit Suisse upgraded Ciena Corp (NASDAQ: CIEN) to Outperform from Neutral with a $36 target, citing above-average industry growth and strong competitive positioning.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
Tags: aapl, adbe, adobe, analyst, apple, cien, ciena, dis, disney, kft, kraft, luv, ma, mastercard, panera, pnra, qwest, rating change, RatingChange, ratings, southwest, theflyonthewall.com, upgrade
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