Analyst upgrades 5-14-07: ALJ, AMD, INTC and RMD
Posted May 14th 2007 10:54AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Intel (INTC), Advanced Micro Dev (AMD)
MOST NOTEWORTHY: Intel Corp (INTC), Advanced Micro Devices, Inc (AMD), Post Properties, Inc (PPS), Analogic Corp (ALOG) and the base metals sector were today's more noteworthy upgrades:
- DA Davidson raised Intel Corp's (NASDAQ: INTC) rating to Buy from Neutral based on market share gains and unexpected PC growth.
- American Technology upgraded Advanced Micro Devices Inc (NYSE: AMD) to Buy from Neutral as the firm expects shares to trade higher near-term with data not likely to get worse over the next six months. The firm suspects AMD could win a notebook platform at Toshiba Corp (TOSBF) and expects further offerings at Dell Inc (DELL).
- Banc of America upgraded shares of Post Properties Inc (NYSE: PPS) to Neutral from Sell and raised their target to $53 from $42 after REIT Wrap, a real estate industry newsletter, reported the company may have already received several unsolicited bids.
- Stanford upgraded Analogic Corp (NASDAQ: ALOG) to Buy from Hold based on improving fundamentals in the security and medical businesses.
- Goldman upgraded the base metals sector to Attractive from Neutral as the firm believes above-consensus metal prices for 2008-2009 are sustainable. The firm favors copper fundamentals over nickel, zinc and aluminum and views Freeport-McMoRan Copper & Gold Inc (FCX) as its top pick.
OTHER UPGRADES:
- BMO Capital raised ResMed Inc (NYSE: RMD) to Outperform from Peer Perform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: advanced micro, AdvancedMicro, alj, alog, alon, amd, analogic, analyst, copper, dell, fcx, freeport, intc, intel, metal, post, pps, rating, resmed, rmd, shanda, snda, theflyonthewall.com, toshiba, upgrade, wcc, wesco, zinc
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Reader Comments (Page 1 of 1)
5-14-2007 @ 11:20AM
Murray said...
American Tech. upgrade is a joke.
They base it on "suspect" Toshiba etc and "expects" Dell etc.
Anybody can upgrade and downgrade companies by using this ruse.
American Tech. must have a position in to publish BS like this!