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:

Lehman upgraded Alon USA Energy, Inc (NYSE: ALJ) to Equal Weight from Underweight.

Bear Stearns upgraded Shanda Interactive Entertainment Ltd (NASDAQ: SNDA) to Outperform from Peer Perform.

Wesco International, Inc (NYSE: WCC) was upgraded to Strong Buy from Outperform at Raymond James.

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

Print this

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!