Analyst upgrades 5-01-07: CMCSA, D, RIMM and VZ
Posted May 1st 2007 10:49AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Comcast Cl'A' (CMCSA), Research in Motion (RIMM), Verizon Communications (VZ)
MOST NOTEWORTHY: Dominion Resources (D), Syniverse Holdings (SVR), Research in Motion (RIMM), Verizon Communications (VZ) and Comcast (CMCSA) were the noteworthy upgrades today:
- Jefferies upgraded shares of Dominion Resources (NYSE: D) and raised their target to $90 from $68 as the firm believes shares are fairly valued based on assumed higher spark spreads in New England.
- Credit Suisse upgraded Research in Motion (NASDAQ: RIMM) and raised their target to $145 from $100 as the firm believes the company will benefit from smart phone market growth and improving international traction. However, FBCO still believes RIMM's increasing exposure to the consumer market will continue to pressure margins.
- Prudential said Verizon Communications (NYSE: VZ) is showing signs of improving revenue growth and accelerating FiOS TV subscriber additions, as well as continued dominance in wireless, and upgraded shares to Neutral from Underweight.
OTHER UPGRADES:
- Goldman upgraded Danaher Corp (NYSE: DHR) to Buy from Neutral with an $81 target.
- NTT DoCoMo (NYSE: DCM) was upgraded to Outperform from Neutral at Credit Suisse.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, cmcsa, cmcsk, comcash, danaher, dcm, dhr, dominion, ingersoll, innkeepers, ir, kpa, ntt docomo, NttDocomo, rating, research in motion, ResearchInMotion, rimm, sigm, sigma, svy, syniverse, theflyonthewall.com, upgrade, verizon, vz
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