Analyst upgrades 4-12-07: DWA, KFT, PEP & VOD upgraded today
Posted Apr 12th 2007 11:11AM by Kevin Shult
Filed under: Analyst upgrades and downgrades, Good news, PepsiCo (PEP), Kraft Foods'A' (KFT)
MOST NOTEWORTHY: Kraft Foods, Inc (KFT), Healthways, Inc (HWAY), PepsiCo (PEP) and Lam Research Corp (LRCX) were some of today's more noteworthy upgrades:
- Morgan Stanley upgraded shares of Kraft Foods Inc (NYSE: KFT) to Equal Weight from Underweight on valuation. UBS upgraded shares to Buy from Neutral on expectations the company may benefit from a purchase of Cadbury Schweppes' (CSG) confectionary unit; UBS believes Kraft could purchase Cadbury's confectionery unit for $20.8B and still see 7% accretion in 2008.
- Elsewhere, Goldman Sachs upgraded Healthways Inc (NASDAQ: HWAY) to Neutral from Sell on valuation.
- Bernstein raised PepsiCo's (NYSE: PEP) rating to Outperform from Market Perform with a $77 target, expecting the soft-drink maker to outperform rival Coca-Cola (KO) by more than 10% over the next year.
- Citigroup upgraded Lam Research Corp (NASDAQ: LRCX) to Hold from Sell to reflect a more bullish 2-3 year memory capex view and the firm believes customers of Samsung/Hynix continue to have an upward bias.
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, dreamworks, dwa, healthway, hway, intersil, isil, kft, kraft, lam research, LamResearch, lrcx, pep, pepsi, rating, sappi, spp, theflyonthewall.com, upgrade, vca antech, VcaAntech, vod, vodafone, woof
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