Analyst upgrades 5-03-07: CMVT, IFF, JBHT, RTN and SYMC
Posted May 3rd 2007 11:38AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Comverse Technology (CMVT), Intl Flavors/Fragr (IFF), Symantec Corp (SYMC), Hunt(J.B.) Transport (JBHT)
MOST NOTEWORTHY: J.B. Hunt Transport Services, Inc (JBHT), Nvidia Corp (NVDA), International Flavors & Fragrances Inc (IFF), RealNetworks, Inc (RNWK) and Marchex (MCHX) were today's noteworthy upgrades:
- Pacific Growth upgraded shares of Nvidia Corp (NASDAQ: NVDA) to Buy from Neutral citing valuation.
- RealNetworks Inc (NASDAQ: RNWK) was raised to Buy from Accumulate at ThinkEquity after its Q1 report.
- Susquehanna upgraded Marchex Inc (NASDAQ: MCHX) to Positive from Neutral. Susquehanna has increased confidence that Marchex will be able to increase monetization via Yahoo!'s (YHOO) Panama upgrade, improving 2008 TAC rates and increased value of owned sites following a major upgrade for 2H07.
OTHER UPGRADES:
- Jefferies raised Symantec Corp (NASDAQ: SYMC) shares to Buy from Hold with a $21 target.
- Raytheon Co (NYSE: RTN) was upgraded to Overweight from Equal Weight at Lehman Brothers.
- SPX Corp (NYSE: SPW) was raised to Neutral from Underperform at Needham.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, cmvt, comverse, cymantec, hunt, ice, iff, intercontinentalexchange, international flavors, InternationalFlavors, jbht, mchx, merchex, nvda, nvidia, rating, raytheon, realnetworks, rnwk, rtn, spw, spx corp, SpxCorp, symc, theflyonthewall.com, upgrade
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