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.
- 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:
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
Entrepreneur's Journal: Putting together a solid sales contract
The week in preview: Earnings from Walmart, Macy's, and other retailers
Six top trades for the rest of 2009
