Analyst upgrades 7-05-07: DSW, ERIC and MGA
Posted Jul 5th 2007 10:12AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Lloyds TSB Group plc ADS (LYG)
MOST NOTEWORTHY: Turkcell (TKC), Lloyds TSB Group (LYG), DSW Inc (DSW) and the European telecom sector were today's most noteworthy upgrades:
- JP Morgan upgraded shares of Turkcell (NYSE: TKC) to Overweight from Neutral following a meeting with management, as they are more comfortable with the company's growth prospects.
- Citigroup upgraded Lloyds TSB Group (NYSE: LYG) Group to Buy from Hold as they believe the company's free cash flow generation will drive faster dividend growth.
- Matrix finds DSW Inc (NYSE: DSW) shares fairly valued at current levels and believes improving pricing is leading to higher profit margins and upgraded shares to Hold from Sell.
- Credit Suisse upgraded the European Telecom sector to Overweight from Market Weight to reflect higher forecasts for mobile growth...
OTHER UPGRADES:
- HSBC upgraded Ericsson (NASDAQ: ERIC) to Overweight from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, dsw, eric, ericsson, european telecom, EuropeanTelecom, iiji, internet initiative, InternetInitiative, lloyd, lyg, magna, mga, rating, theflyonthewall.com, tkc, turkcell, upgrade
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