Analyst upgrades 5-22-07: BXP, KLAC, MGM and RTN
Posted May 22nd 2007 10:41AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news
MOST NOTEWORTHY: MGM Mirage (MGM), KLA-Tencor Corp (KLAC), Raytheon Co (RTN) and four apartment REIT's were today's noteworthy upgrades:
- Bear Stearns upgraded MGM Mirage (NYSE: MGM) to Outperform from Peer Perform following Kirk Kerkorian's intentions to purchase the Bellagio and City Center and also pursue strategic alternatives for the rest of the company.
- Matrix raised KLA-Tencor (NASDAQ: KLAC) to Buy from Hold, believing that growing demand for memory chips used in computers is leading to increasing revenues and profits.
- Cowen upgrade shares of Raytheon (NYSE: RTN) to Outperform from Neutral based on cash deployment potential from the RAC sale, pension EPS tailwind, foreign sales cycle, and strong execution.
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: aiv, analyst, apartment, archstone, asn, boston, bxp, citrix, ctxs, eqr, equity, kilroy, kla-tencor, klac, krc, maquire, marathon, mgm, mgm mirage, MgmMirage, mpg, mro, rating, raython, rda.a, royal dutch, RoyalDutch, rtn, theflyonthewall.com, udr, upgrade
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