Analyst upgrades 3-16-07: Starbucks, Southwest & Pac Sun upgraded today
Posted Mar 16th 2007 10:46AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Starbucks (SBUX), Countrywide Financial (CFC), Southwest Airlines (LUV)
MOST NOTEWORTHY: Starbucks Corp (SBUX), Southwest Airlines Co (LUV), Pacific Sunwear (PSUN) and Molson Coors Brewing Co (TAP) were just some of today's notable upgrades:
- Goldman Sachs added Starbucks Corp (NASDAQ: SBUX) to its Conviction Buy List citing valuation and expectations for margin improvement.
- Southwest Airlines Co (NYSE: LUV) was upgraded to Outperform from Neutral at Raymond James.
- Roth Capital upgraded Pacific Sunwear (NASDAQ: PSUN) to Buy from Hold as they believe positive momentum is beginning to build.
- Molson Coors Brewing (NYSE: TAP) was upgraded to Peer Perform from Underperform at Bear Stearns.
OTHER UPGRADES:
- ThinkEquity upgraded WebEx Communications (NASDAQ: WEBX) to Source of Funds from Sell following the acquisition by Cisco Systems (NASDAQ: CSCO).
- XL Capital Ltd (NYSE: XL) was upgraded to Strong Buy from Strong Sell as the firm believes an unusually low number of natural disasters is causing a sharply positive reversal in fundamental trends.
- Soleil upgraded shares of Doral Financial Corp (NYSE: DRL) to Hold from Sell to reflect the recent sale of the company's New York branches and an improved outlook for the Puerto Rican economy.
- Bear Stearns upgraded Roche Holding Ltd (OTC: RHHBY) to Outperform from Peer Perform and Anheuser-Busch Cos (NYSE: BUD) to Outperform from Peer Perform.
- Countrywide Financial (NYSE: CFC) was upgraded to Market Perform from Underperform at Keefe Bruyette.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: cfc, countrywide, doral, drl, luv, molson, pac sun, PacSun, psun, rhhby, roche, southwest, starbucks, subx, tap, webex, webx, xl capital, XlCapital
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