Analyst upgrades 7-11-07: CPB, FRX, NYX and YUM
Posted Jul 11th 2007 10:42AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, Campbell Soup (CPB), Yum Brands (YUM)
MOST NOTEWORTHY: Campbell Soup Co (CPB), Yum! Brands (YUM), NYSE Euronext (NYX), Forest Laboratories (FRX) and International Speedway Corp (ISCA) were some of today's noteworthy upgrades:
- JP Morgan upgraded shares of Campbell Soup (NYSE: CPB) to Overweight from Neutral as they believe the company's entrance into Russia and China is not priced into shares. JP Morgan also added CPB to their Analyst Focus List.
- UBS upgraded shares of Yum! Brands (NYSE: YUM) to Buy from Neutral based on higher estimates for international, potential debt leverage, and a potential minority spin-off of its China business.
- Lehman upgraded NYSE Euronext (NYSE: NYX) to Overweight from Equal Weight on valuation following the recent weakness. They believe Q2 earnings and a potential S&P 500 Index addition could be a catalyst for gains.
- UBS upgraded Forest Labs (NYSE: FRX) to Buy from Neutral on valuation and their belief that the company will prevail in a patent dispute over Lexapro with Teva Pharmaceutical Industries Ltd (TEVA).
OTHER UPGRADES:
- JMP Securities raised shares of Equifax (NYSE: EFX) to Outperform from Market Perform.
- Ferris Baker Watts upgraded Unica Corp (NASDAQ: UNCA) to Neutral from Sell.
Analyst summaries provided by
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Tags: analyst, campbell, cpb, dfs, discover, efx, equifax, forest, frx, isca, micron, mu, nyse, nyx, rating, speedway, theflyonthewall.com, unca, unica, upgrade, yum
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