Analyst upgrades 6-25-07: BMY, CVX, GM, PIR and SIRI
Posted Jun 25th 2007 11:10AM by Kevin Shult
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, General Motors (GM), Sirius Satellite Radio (SIRI), American Express (AXP), Bristol-Myers Squibb (BMY), Chevron Corp (CVX)
MOST NOTEWORTHY: General Motors (GM), Sirius Satellite Radio (SIRI), LSI Corp (LSI), Chevron (CVX), National City (NCC) and LivePerson (LPSN) were today's noteworthy upgrades:
- Goldman Sachs upgraded General Motors (NYSE: GM) to Buy from Neutral as they believe the stock will rise on expectations of sizeable concessions from union talks. The broker said this is a "tactical trading call."
- Morgan Joseph upgraded shares of Sirius Satellite Radio (NASDAQ: SIRI) to Buy from Hold citing the OEM ramp & modest consensus estimates.
- American Technology added LSI Corp (NYSE: LSI) to their Focus List as they believe investors are discounting a lot of negative assumptions at the current valuation. They recommend using the recent weakness to aggressively build positions below $9.
- Bank of America upgraded shares of Chevron Corp (NYSE: CVX) citing valuation and potential volume increases in its deepwater portfolio.
- AG Edwards upgraded National City (NYSE: NCC) to Hold from Sell and Roth upgraded LivePerson to Hold from Sell on valuation...
OTHER UPGRADES:
- Bristol-Myers (NYSE: BMY) was upgraded to Outperform from Peer Perform at Bear Stearns.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: abi, american express, AmericanExpress, analyst, applied, axp, biosystems, bmy, bristol, chevron, cvx, general motors, GeneralMotors, gm, lsi, national city, NationalCity, ncc, pier 1, Pier1, pir, rating, siri, sirius, theflyonthewall.com, upgrade
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