Analyst upgrades 5-17-07: COGN, PCLN and MGM
Posted May 17th 2007 10:36AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news
MOST NOTEWORTHY: MGM Mirage (MGM), USA Truck, Inc (USAK), Knightsbridge Tankers Ltd (VLCCF), Monolithic Power Systems, Inc (MPWR) and Stanley, Inc (SXE) topped out today's noteworthy upgrade list:
- Prudential upgraded shares of MGM Mirage (NYSE: MGM) to Overweight from Neutral on valuation, as the firm believes the recent weakness presents a buying opportunity.
- USA Truck Inc (NASDAQ: USAK) was raised to Equal Weight from Underweight at Stephens based on valuation.
- Jefferies upgraded shares of Knightsbridge Tankers Ltd (NASDAQ: VLCCF) to Hold from Underperform to reflect the company's five vessels now operating on long-term time charter contracts and its recent entry into the dry bulk shipping sector.
- Monolithic Power (NASDAQ: MPWR) was upgraded to Buy from Hold at Deutsche Bank following its patent win case against O2Micro International Ltd (OIIM).
- Wachovia upgraded Stanley Inc (NYSE: SXE) to Outperform from Market Perform based on its strong Q4 report and guidance...
OTHER UPGRADES:
- Cognos Inc (NASDAQ: COGN) was upgraded to Outperform from Sector Perform at Pacific Crest.
- Barrington raised X-Rite, Inc (NASDAQ: XRIT) To Outperform from Market Perform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, cogn, cognos, dvbd, knightsbridge, mgm, monolithic, mpwr, pcln, pfg, priceline, principal, rating, riverbed, stanley, sxe, theflyonthewall.com, upgrade, usa truck, usak, UsaTruck, vlccf, x-rite, xrit
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
