MOST NOTEWORTHY: Chico's FAS, Inc (CHS), Live Nation (LYV) and Clear Channel Communications, Inc (CCU) were some of today's notable upgrades:
- Friedman, Billings, Ramsey upgraded shares of Chico's FAS Inc (NYSE: CHS) to Market Perform from Underperform and raised their target to $25 from $17 on valuation.
- Matrix USA upgraded Live Nation (NYSE: LYV) to Hold from Sell on valuation.
- Sanders Morris upgraded Clear Channel Communications (NYSE: CCU) to Hold from Sell, as the firm believes the disapproval by holders to sell the company will result in shares trading in the $34-$37 range.
OTHER UPGRADES:
- Lehman upgraded PPL Corp (NYSE: PPL) to Overweight from Equal-Weight.
- Friedman, Billings, Ramsey continued to recommend shares of Urban Outfitters, Inc (NASDAQ: URBN) with an Outperform rating as the firm has seen consistent progress at both the company's divisions throughout March. Friedman added Urban Outfitters to its Top Picks list.
- JP Morgan raised Sonic Corp (NASDAQ: SONC) to an Overweight rating from Neutral, and believes shares have priced in softer Q2 sales that were pre-announced late-February.
- Goldman Sachs upgraded the Mortgage Insurance sector to Neutral from Cautious.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
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