Upgrade summary 7-03-07: AVP, BOBJ, CAL and TRMP

Posted Jul 3rd 2007 10:05AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Avon Products (AVP), Trump Entertainment Resorts (TRMP)

MOST NOTEWORTHY: Siemens AG (SI), Business Objects (BOBJ), Continental Airlines (CAL), Lawson Software (LWSN) and Trump Entertainment Resorts, Inc (TRMP) were today's noteworthy upgrades:

Lehman upgraded shares of Siemens AG (NYSE: SI) to Overweight from Neutral reflect the potential major portfolio reorganization over the next few years as well as the strong momentum in the group.

UBS upgraded shares of Business Objects (NASDAQ: BOBJ) to Buy from Neutral to reflect easy compares in Q2 and signs of improving underlying European demand.

Soleil upgraded Continental (NYSE: CAL) to Buy from Hold as they believe better-than-expected June consolidated revenue growth suggests strong enough revenue momentum to offset above-average domestic capacity growth affecting its important Newark hub.

Matrix upgraded Lawson Software (NASDAQ: LWSN) to Sell from Strong Sell to reflect increasing revenues from software licenses.

Brean Murray upgraded shares of Trump Entertainment (NASDAQ: TRMP) to Buy from Hold citing recent share weakness, improving trends, potential monetization of excess real estate and the use of the Trump brand outside of Atlantic City...

OTHER DOWNGRADES:

Northstar Realty Finance Corp (NYSE: NRF) was upgraded to Outperform from Market Perform at Wachovia.

Goldman raised Par Pharmaceuticals' (NYSE: PRX) rating to Neutral from Sell.

Bernstein upgraded Avon Products (NYSE: AVP) to Market Perform from Underperform.

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

Tags: analyst, avon, avp, bobj, business, cal, continental, lawson, lwsn, northstar, nrf, par, prx, rating, si, siemens, theflyonthewall.com, trmp, trump, upgrade

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Reader Comments (Page 1 of 1)

7-30-2007 @ 2:38PM

Joe Simiriglio Jr said...

DIVE!DIVE!DIVE! TRUMP ENTERTAINMENT RESORTS SHOOTING FOR PENNY STOCK STATUS.
Start looking for Isle of Capri to zoom in and buy Trump for approximately $500-million by Christmas.
If not Trump stock will be at $1.00 a share.

It;s a white elephant at this time while Mr.Trumps EGO, stops him from removing his name and selling his coveted Plaza, and Taj Mahal. All three casinos are like dead fish after a nuclear waste water leak.

Without selling the Taj Mahal and Plaza, The Trump Casino Empire will fall into the abyss of his own EGO by Christmas, then what another Chapter 11, I think the next time will be a Chapter 7.

If the stockholders don't demand a sale now, their stock value will continue to fall quickly by the fall weather changes. As the leaves turn color and begin to dry, so goes the Trumpster.