Analyst upgrades 4-10-07: AMAT, AMD, ORCL & RAD upgraded today

Posted Apr 10th 2007 11:02AM by Kevin Shult
Filed under: Analyst Upgrades and Downgrades, Good news, Advanced Micro Dev (AMD), Applied Materials (AMAT), Oracle Corp (ORCL), BHP Billiton Ltd ADR (BHP)

MOST NOTEWORTHY: BHP Billiton (BHP), Applied Materials, Inc (AMAT), Advanced Micro Devices (AMD) and Oracle Corp (ORCL) were some of today's noteworthy upgrades:

Prudential upgraded shares of BHP Billiton (NYSE: BHP) to Neutral from Underweight with a $50 target to reflect capacity expansion in uranium mining and increasing demand for iron ore from China.
Bank of America upgraded Applied Materials Inc (NASDAQ: AMAT) to Buy from Neutral with a $25 target as the firm believes the company's solar power equipment market is accelerating faster than estimates and guidance.
Advanced Micro Devices Inc (NYSE: AMD) was upgraded to Neutral from Reduce at UBS citing limited downside to the shares.
Oracle Corp (NASDAQ: ORCL) was upgraded to Buy from Neutral at Goldman Sachs, where its coverage was transferred to another analyst.

OTHER UPGRADES:

Credit Suisse added Rite Aid Corp (NYSE: RAD) to its U.S. Focus List.
Morgan Stanley upgraded O2Micro International Ltd (NADAQ: OIIM) to Overweight from Equal-Weight based on the company's announcement of a settlement with Samsung.
Wachovia added Lehman Brothers Holdings (NYSE: LEH) to its Focus List. Due to Lehman's record banking fee backlog of $1.03 billion in Q1, the firm believes their banking estimate is "quite conservative."
Continental Airlines, Inc (NYSE: CAL) was upgraded to Buy from Neutral at FTN Midwest citing the surprisingly strong March unit revenue growth for the upgrade.
Bear Stearns upgraded Vodafone PLC (NYSE: VOD) to Peer Perform from Underperform.

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

Tags: advanced micro, amat, amd, analyst, applied materials, AppliedMaterials, bhp, cal, continental, initiation, leh, lehman, o2micro, oiim, oracle, orcl, rad, rating, rite aid, RiteAid, theflyonthewall.com, upgrade, vod, vodaphone

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Reader Comments (Page 1 of 1)

4-10-2007 @ 1:40PM

Murray said...

The USB analyst is a comedian. He talks out of both sides of his mouth. In his upgrade of AMD he says they should do better in the last half of 2007 due to "Barcelona" chip then hedges his bets by saying "although Intel has the advantage"
If he was a weather man his predictions would read "It will rain tomorrow unless the sun shines"