Analyst upgrades 5-18-07: INTC, NYX, PCLN and VZ
Posted May 18th 2007 10:53AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Intel (INTC), NYSE Euronext (NYX), Verizon Communications (VZ)
MOST NOTEWORTHY: Today's more noteworthy upgrades include Verizon Communications Inc (VZ), Priceline.com Inc (PCLN) Intel Corp (INTC), NYSE Euronext (NYX) and Top Tankers Inc (TOPT):
- Citigroup upgraded Verizon Commuications (NYSE: VZ) to Buy from Sell and raised their target to $48 from $33 as the firm believes earnings-per-share growth will override cap ex concern.
- Citigroup also upgraded shares of Priceline.com (NASDAQ: PCLN) to Buy from Hold on valuation as the firm believes the company's growth prospects are underestimated in the stock following the recent sell-off.
- Intel Corp (NASDAQ: INTC) was upgraded to Buy from Neutral at Merrill Lynch citing the company's robust product road map and its ability to compete against Advanced Micro Devices (AMD).
- JP Morgan upgraded NYXE Euronext (NYSE: NYX) to Neutral from Underweight and believes the risks that attributed NYX's downgrade in February have played out and sees limited downside at these levels.
- Cantor upgraded Top Tankers (NASDAQ: TOPT) to Hold from Sell following better-than-expected Q1 results...
OTHER UPGRADES:
- Baird upgraded Brady Corp (NYSE: BRC) to Outperform from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, brady, brc, caci, cai, euronext, intc, intel, murphy, nabors, nbr, nyx, pcln, rating, rpriceline, skt, tanger, theflyonthewall.com, top tankers, topt, TopTankers, united therapeutics, UnitedTherapeutics, upgrade, ur, uthr, verizon, vz
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