Analyst upgrades 2-26-07: Raise your glass to Coca-Cola
Posted Feb 26th 2007 11:50AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Coca-Cola (KO), Penney (J.C.) (JCP), Research in Motion (RIMM), Oracle Corp (ORCL), Merck and Co (MRK)
MOST NOTEWORTHY: The Coca-Cola Co (KO), Merck & Co (MRK) and National Semiconductor (NSM) were some of today's more notable upgrades:
- The Coca-Cola Co (NYSE: KO) was upgraded to Buy from Hold with a $57 target at Deutsche Bank based on valuation.
- Merck & Co (NYSE: MRK) was upgraded to Buy from Hold at Citigroup to reflect the firm's bullish outlook for the company's diabetes drug, Januvia. Citigroup believes the drug will help drive above-consensus earnings following its recent diabetes survey.
- National Semiconductor (NYSE: NSM) was upgraded to Strong Buy from Market Perform at Raymond James.
OTHER UPGRADES:
- Robert W. Baird upgraded shares of Comverse Technology (NASDAQ: CMVT) to Outperform from Neutral based on valuation and potential catalysts that include a possible break-up of the company.
- RBC upgraded Research in Motion (NASDAQ: RIMM) to Outperform from Sector Perform with a $180 target, as checks indicate shipment and sub-momentum from the company's product cycle will be significantly greater than anticipated.
- Kellogg (NYSE: K) was added to Lehman Brothers' Favorites List.
- Stanford upgraded Brooks Automation (NASDAQ: BRKS) to Buy from Hold with a $20 target on improved industry conditions, cash generation and valuation.
- Cowen added Ericsson Telephone Co (NASDAQ: ERIC) and Oracle Corp (NASDAQ: ORCL) to its Focus List.
- Matrix USA upgraded J.C. Penney Co Inc (NYSE: JCP) to Strong buy from Buy with an intrinsic value of $115.
- Wedbush upgraded LSI Logic Corp (NYSE: LSI) to Buy from Hold with a $13 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, brks, brooks, cmvt, coca, comverse, eric, ericsson, jcp, kellogg, ko, lsi, merck, mrk, national semi, NationalSemi, nsm, oracle, orcl, penney, rating, rating change, RatingChange, research in motion, ResearchInMotion, rimm, theflyonthewall.com, upgrade
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Reader Comments (Page 1 of 1)
2-26-2007 @ 12:37PM
Rikk said...
J.C. Penney's latest upgrade going forward is OVER-RATED!!! The co. hasnn't achieve any status of Kohl's nor Federated. Anything from sales, to the latest fashion.. Once again, the analyst most likely doesn't OWN any of the stock!!!