Analyst upgrades 5-04-07: CROX, DRI, EL, JDSA and RNWK

Posted May 4th 2007 10:54AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Estee Lauder (EL), Darden Restaurants (DRI), Jones Soda (JSDA), Crocs Inc (CROX)

MOST NOTEWORTHY: Schering-Plough Corp (SGP), Jones Soda Co (JSDA), RealNetworks, Inc (RNWK), Westwood One, Inc (WON), and Darden Restaurants, Inc (DRI) were today's noteworthy upgrades:

Prudential raised shares of Schering-Plough Corp (NYSE: SGP) to Overweight from Neutral to reflect management's activity on the deal front and recent data on the drug TRA.

ThinkEquity upgraded shares of Jones Soda Co (NASDAQ: JSDA) to Accumulate from Source of Funds after disappointing Q1 results. The firm believes results will get better in FY07 as the canned soda roll-out continues and high fructose corn syrup inventory is depleted.

RealNetworks Inc (NASDAQ: RNWK) was upgraded to Market Perform from Underperform at JP Morgan, citing valuation.

Bear Stearns upgraded shares of Westwood One Inc (NYSE: WON) following reports the company hired UBS AG (UBS) to help find potential buyers.

KeyBanc Capital markets raised Darden Restaurants (NYSE: DRI) to Buy from Hold based on accelerating same-store sales at Olive Garden.

OTHER UPGRADES:

Bear Stearns raised Plantronics, Inc (NYSE: PLT) to Peer Perform from Underperform.

SunTrust Robinson Humphrey upgraded Career Education Corp (NASDAQ: CECO) to Neutral from Reduce.

Credit Suisse upped Estee Lauder Cos (NYSE: EL) to Outperform from Neutral.

Needham upgraded shares of Andrew Corp (NASDAQ: ANDW) to Buy from Hold.

Wedbush upgraded Crocs, Inc (NASDAQ: CROX) to Strong Buy from Buy with a $95 target.

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

Tags: analyst, career, ceco, crocks, crox, darden, dri, el, estee, jones, jsda, plantronics, plt, rating, realnetworks, rnwk, schering, sgp, theflyonthewall.com, upgrade, westwood, won

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Reader Comments (Page 1 of 1)

5-07-2007 @ 1:49PM

David C Rongey said...

Jones Soda is set to launch their 16 oz energy drink nation wide. Much higher ARG is coming and this drink is awesome as I picked up 6 cases in a test market last summer. It has CQ10 and you can take this stock to $50 and higher with this energy drink driving revenues.