Analyst upgrades 7-20-07: BAESY, MDCO, STX and WDC
Posted Jul 20th 2007 11:04AM by Kevin Shult
Filed under: Analyst Reports, Analyst Upgrades and Downgrades
MOST NOTEWORTHY: Seagate Technology (STX), SAP AG (SAP), Western Digital (WDC), BAE Systems (BAESY) and Manpower (MAN) are today's noteworthy upgrades:
- Hambrecht upgraded shares of Seagate Tech (NYSE: STX) on improving demand and second half of 2007 prospects. Bear Stearns upgraded shares to Outperform from Peer Perform based on stabilizing industry conditions.
- ING upgraded shares of SAP AG (NYSE: SAP) to Buy from Hold shares to reflect the migration within the company's large installed base and growing opportunities in the small business market.
- Hambrecht upgraded Western Digital (NYSE: WDC) to Buy from Hold on improving demand for 2H07 growth prospects.
- HSBC raised BAE Systems (OTC: BAESY) off the ground, upgrading shares to Neutral from Underweight.
- Banc of America upgraded Manpower (NYSE: MAN) to Buy from Neutral to reflect the change in French payroll tax subsidies, which they view as a positive change to the company's ongoing margin structure.
OTHER UPGRADES:
- First Albany upgraded ATMI Inc (NASDAQ: ATMI) to Buy from Hold.
- ThinkEquity upgraded Interwoven (NASDAQ: IWOV) to Accumulate from Source of Funds.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, atmi, bae, baesy, interwoven, iwov, man, manpower, mdco, medicines, omcl, omnicell, rating, sap, seagate, snic, sonic, stx, theflyonthewall.com, upgrade, wdc, western digital, WesternDigital
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