Analyst upgrades 3-28-07: Citigroup Inc & Altria Group upgraded today

Posted Mar 28th 2007 10:31AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Citigroup Inc. (C), Altria Group (MO)

MOST NOTEWORTHY: Citigroup (C), Altria Group, Inc (MO), and TreeHouse Foods Inc (THS) were today's notable upgrades:

Bank of America upgraded Citigroup Inc (NYSE: C) to Buy from Neutral with a $58 target to reflect the low valuation and the company's opportunities to increase earnings growth over the next year.

Altria Group (NYSE: MO) was added to Goldman Sachs' Conviction Buy List. The firm believes shares, excluding Kraft (KFT), could reach $76 over the next 12 months. Goldman also thinks Altria may announce a spinoff of its Philip Morris International unit this summer.

TreeHouse Foods Inc (NYSE: THS) was upgraded to Buy from Sell on valuation at Matrix.

OTHER UPGRADES:

Suncor Energy Inc (NYSE: SU) was upgraded Buy from Hold at Deutsche Bank.

Melco PBL Entertainment (NASDAQ: MPEL) was upgraded to Hold from Sell at Citigroup.

Prudential upped J.M. Smucker Co (NYSE: SJM) to Neutral from Underweight.

BMO upgraded Smurfit-Stone Container Corp (NASDAQ: SSCC) to Outperform from Market Perform.

Raymond James upgraded Cbeyond, Inc (NASDAQ: CBEY) to Outperform from Market Perform.

Stifel upgraded Accenture Ltd (NYSE: ACN) to Buy from Hold with a $44 target.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: accenture, acn, altria, analyst, cbey, cbeyond, citigroup, melco, mo, mpel, rating, smurfit, sscc, su, suncor, theflyonthewall.com, ths, treehouse, upgrade

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Reader Comments (Page 1 of 1)

3-29-2007 @ 6:14AM

Rick said...

Yeah, how smart is that Citi analyst? He rates the stock a sell with a price target 30% higher than the current price, upgrades it to hold but says it won't go as high as he thought it would when he was telling you to sell.

Maybe this guy should have his own show on CNBC.