Analyst upgrades 6-26-07: BIDU, CELG, DLB, SINA and WINN

Posted Jun 26th 2007 10:25AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Dolby Laboratories'A' (DLB)

MOST NOTEWORTHY: Winn-Dixie Stores (WINN), TIB Financial Corp (TIBB), Energy East Corp (EAS), Baidu.com, Inc (BIDU) and SINA Corp (SINA) were today's noteworthy upgrades:

Friedman Billings upgraded shares of Winn-Dixie Stores (NASDAQ: WINN) to Outperform from Market Perform citing valuation, sustainable Q3 margins, and share gains from both Wal-Mart Stores (WMT) and Publix.

Sandler raised TIB Financial Corp (NASDAQ: TIBB) off the ground, to Hold from Sell, citing valuation.

Jefferies upgraded shares of Energy East (NYSE: EAS) to Hold from Sell after Iberdrola agreed to acquire the company.

Pacific Crest upgraded both Baidu.com (NASDAQ: BIDU) and SINA Corp (NASDAQ: SINA) to Outperform from Sector Perform following their trip to Asia, citing China's strong online ad market. They believe Baidu.com is benefiting from its sales-force integration and SINA Corp's brand strength should lead to further market-share gains...

OTHER UPGRADES:

Lehman upgraded Celgene Corp (NASDAQ: CELG) and Genzyme Corp (NASDAQ: GENZ) to Overweight from Equal Weight.

Matrix USA upgraded Jo-Ann Stores (NYSE: JAS) to Sell from Strong Sell.

Dolby Laboratories (NYSE: DLB) was upgraded to Overweight from Neutral at JP Morgan.

Wachovia raised U-Store-It Trust (NYSE: YSI) to Market Perform from Underperform.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: analyst, baidu, bidu, celg, celgene, dlb, dolby, eas, energy, genz, genzyme, jas, jo-ann, rating, sina, theflyonthewall.com, tib financial, tibb, TibFinancial, u-store-it, upgrade, wal-mart, winn, wmt, ysi

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