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Analyst upgrades 7-17-07: AMR, AXP, DAL, MAR and UAUA

Posted Jul 17th 2007 10:40AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, American Express (AXP), AMR Corp (AMR), Marriott Intl'A' (MAR), UAL Corp (UAUA), Delta Air Lines (DAL)

MOST NOTEWORTHY: Wilshire Bancorp (WIBC), American Express (AXP), AMR Corp (AMR), Delta Air Lines (DAL) and UAL Corp (UAUA) were some of today's noteworthy upgrades:

Friedman Billings upgraded shares of Wilshire Bancorp (NASDAQ: WIBC) to Market Perform from Underperform based on valuation.

Goldman Sachs upgraded shares of American Express (NYSE: AXP) to Buy from Neutral as they believe American's network business is undervalued.

UBS upgraded AMR Corp (NYSE: AMR), Delta Air Lines (NYSE: DAL) and UAL Corp (NASDAQ: UAUA) to Neutral from Reduce saying the capacity cuts bode well for industry pricing...

OTHER UPGRADES:

Wachovia raised Orbital Sciences (NYSE: ORB) to Outperform from Market Perform.

Cognos Inc (NASDAQ: COGN) was raised to Strong Buy from Outperform at JMP Securities.

Deutsche Bank upgraded PetroChina Co Ltd (NYSE: PTR) to Buy from Hold.

JP Morgan upgraded Lear Corp (NYSE: LEA) to Overweight from Neutral.

Matrix USA raised Marriot International (NYSE: MAR) to Buy from Hold.

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

Tags: american express, AmericanExpress, amr, analyst, axp, cogn, cognos, dal, delta, lea, lear, mar, marriott, orb, orbital science, OrbitalScience, petrochina, ptr, rating, theflyonthewall.com, ual, uaua, upgrade, wibc, wilshire

Indexes	Change	Price
DJIA	+135.10	12,504.48
NASDAQ	+68.42	2,847.21
S&P 500	+20.77	1,315.99

Last updated: May 22, 2012: 04:41 AM

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