Analyst upgrades 6-12-07: JDSU, MCD, PIR and TTWO
Posted Jun 12th 2007 10:52AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, McDonald's (MCD)
MOST NOTEWORTHY: Joseph A. Bank Clothiers, Inc (JOSB), Take-Two Interactive Software, Inc (TTWO), McDonald's Corp (MCD) and RF Micro Devices (RFMD) were today's more notable upgrades:
- First Albany upgraded shares of Joseph A. Bank Clothiers (NASDAQ: JOSB) to Neutral from Sell, following the Q1 upside and indications that Q2 is off to a strong start.
- Kaufman Brothers raised Take-Two Interactive Software (NASDAQ: TTWO) to Hold from Sell with an $18 target following the release of Q2 results, saying they see evidence the company is stabilizing. JP Morgan also upgraded TTWO shares to Overweight from Neutral, as the company considers shares attractive ahead of the Grand Theft Auto IV launch in October.
- Goldman added McDonald's Corp (NYSE: MCD) to their Americas Conviction Buy List citing expectations for upward earnings revisions.
- ThinkEquity upgraded shares of RF Micro Devices (NASDAQ: RFMD) to Buy from Source of Funds based on valuation.
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, berry, bry, jdsu, josb, joseph, mcd, mcdonalds, pier 1, Pier1, pir, rating, rfmd, take-two, tetra, theflyonthewall.com, tti, ttow, upgrade
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