Analyst upgrades 5-08-07: AA, LVS, MRVL, SLE and UA
Posted May 8th 2007 10:42AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Alcoa Inc (AA), Sara Lee Corp (SLE), Under Armour'A' (UA), Marvell Technology Group (MRVL), Las Vegas Sands (LVS)
MOST NOTEWORTHY: Alcoa Inc (AA), Marvell Technology Group Ltd (MRVL) Under Armour, Inc (UA), Las Vegas Sands Corp (LVS) and QLogic Corp (QLGC) topped today's list of noteworthy upgrades:
- RBC Capital upgraded Alcoa Inc (NYSE: AA) to Sector Perform from Underperform following the bid by Alcan Inc (NYSE: AL).
- Marvell Technology Group Ltd (NASDAQ MRVL) was upgraded to buy from Neutral with a $23 target at Oppenheimer based on valuation and the improvements made to HDD PC/Desktop.
- Morgan Stanley raised shares of Under Armor Inc (NYSE: UA) to Equal Weight from Underweight with a $47 target, based on valuation and long-term growth.
- Stifel upgraded shares of Las Vegas Sands (NYSE: LVS) to Buy from Hold with a $100 target citing valuation.
- Morgan Keegan upgraded shares of QLogic Corp (NASDAQ: QLGC) to Outperform from Market Perform on valuation and expectations for strong sequential growth to resume in 2H07.
OTHER UPGRADES:
- Friedman Billings upgraded shares of Sonic Corp (NASDAQ: SONC) to Outperform from Peer Perform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: aa, al, alcan, alcoa, analyst, eagle rock, EagleRock, eroc, ffic, flushing financial, FlushingFinancial, forest oil, ForestOil, fst, las vegas, LasVegas, lvs, marvell, mrvl, qlgc, qlogic, rating, sara lee, SaraLee, sle, sonc, sonic, theflyonthewall.com, ua, under armor, UnderArmor, upgrade
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