Analyst upgrades 3-26-07: Dell, JetBlue & Time Warner upgraded today
Posted Mar 26th 2007 11:01AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Dell (DELL), Time Warner (TWX), Caterpillar (CAT), United Technologies (UTX), JetBlue Airways (JBLU)
MOST NOTEWORTHY: Dell Inc (DELL), JetBlue Airways Corp (JBLU), Time Warner Inc (TWX) and Spectrum Brands, Inc (SPC) were some of today's notable upgrades.
- Goldman Sachs upgraded Dell Inc (NASDAQ: DELL) to Buy from Neutral with a $28 target to reflect the potential for buyback as well as other growth steps in the company's turnaround efforts.
- JetBlue Airways Corp (NASDAQ: JBLU) was upgraded to Neutral from Reduce at UBS.
- Time Warner Inc (NYSE: TWX) Inc was upgraded to Outperform from Peer Perform at Bear Stearns.
- Prudential upgraded Spectrum Brands Inc (NYSE: SPC) to Neutral from Underweight with a $5 target on valuation.
OTHER UPGRADES:
- United Technologies Corp (NYSE: UTX) was upgraded to Outperform from Neutral with a $79 target at Credit Suisse as the firm believes management can achieve better results across the company's commercial business.
- JP Morgan upgraded Applied Biosystems, Inc (NYSE: ABI) to Neutral from Underweight.
- Matrix USA upgraded Realnetworks, Inc (NASDAQ: RNWK) to Buy from Hold on valuation.
- Calyon upgraded Red Lion Hotels Corp (NYSE: RLH) to Add from Neutral with a $14 target.
- Prudential upgraded PDL BioPharma Inc (NASDAQ: PDLI) to Overweight from Neutral with a $28 target.
- Citigroup added Caterpillar Inc (NASDAQ: CAT) to its Recommended List.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: abi, analyst, applied biosystems, AppliedBiosystems, cat, caterpillar, dell, jblu, jetblue, pdl bio, PdlBio, pdli, rating, realnetworks, red lion hotels, RedLionHotels, rlh, rnwk, spc, spectrum brands, SpectrumBrands, theflyonthewall.com, time warner, TimeWarner, united tech, UnitedTech, upgade, utx
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