Analyst upgrades 7-25-07: AMZN, CAKE, CFC, EXPE and UPS
Posted Jul 25th 2007 11:43AM by Kevin Shult
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Good news, Amazon.com (AMZN), Countrywide Financial (CFC), Expedia Inc (EXPE), United Parcel'B' (UPS), Cheesecake Factory (CAKE), Stocks to Buy
MOST NOTEWORTHY: Countrywide Financial (CFC), Brandywine Realty Trust (BDN), Manhattan Associates (MANH), Spectrum Pharmaceuticals (SPPI) and Amazon.com (AMZN) were today's noteworthy upgrades:
- Brandywine Realty Trust (NYSE: BDN) was upgraded at Wachovia to Market Perform from Underperform based on pipeline progress and valuation.
- JP Morgan upgraded Manhattan Associates (NASDAQ: MANH) to Neutral from Underweight following better-than-expected Q2 results.
- Spectrum Pharmaceuticals (NASDAQ: SPPI) was upgraded to Hold from Sell at Brean Murry, expecting shares to remain stable into the spected Phase III initiation with Ozarelix coming in Q4.
- Amazon.com (NASDAQ: AMZN) was upgraded by a host of companies following the strong quarter and margin growth, including JP Morgan, which upgraded shares to Neutral from Underperform. Bear Stearns upgraded shares to Peer Perform from Underperform, Lehman upgraded shares to Equal Weight from Underweight and Credit Suisse upgraded shares to Outperform from Neutral...
OTHER UPGRADES:
- Goldman added AT&T (NYSE: T) to its Conviction Buy List.
- Matrix USA upgraded Expedia (NASDAQ: EXPE) to Hold from Sell.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: amazon, amzn, bdn, brandywine, cfc, countrywide, manh, manhattan, spectrum, sppi, united parcel, UnitedParcel, ups
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