Analyst upgrades 7-26-07: BIDU, DCX, EXPE and USG

Posted Jul 26th 2007 11:14AM by Kevin Shult
Filed under: Analyst reports, Analyst upgrades and downgrades, Good news, DaimlerChrysler (DAI), Expedia Inc (EXPE), USG Corp (USG), Stocks to Buy

MOST NOTEWORTHY: DaimlerChrysler (DCX), Omniture (OMTR), Convergys (CVG), Expedia (EXPE) and Baidu.com (BIDU) were today's noteworthy upgrades:

• WestLB upgraded shares of DaimlerChrysler (NYSE: DCX) to Buy from Add after the company raised the profit margin forecast for its Mercedes unit.

• Omniture (NASDAQ: OMTR) was upgraded by Piper Jaffray to Market Perform from Underperform to reflect the company's strong revenue momentum and expanding margins.

• Wedbush upgraded Convergys (NYSE: CVG) to Hold from Sell on valuation.

• Citigroup raised shares of Expedia (NASDAQ: EXPE) and Baidu.com (NASDAQ: BIDU) to Buy from Hold on valuation...

OTHER UPGRADES:

• Bear Stearns upgraded shares of Ryder System (NYSE: R) to Outperform from Underperform.

• Lehman raised EnCana Corp (NYSE: ECA) to Equal Weight from Underweight.

• USG Corp (NYSE: USG) was raised to Neutral from Underperform at Buckingham.

• Morgan Keegan upgraded shares of Panera Bread (NASDAQ: PNRA) to Outperform from Market Perform.

• Citigroup raised Cullen/Frost Bankers (NYSE: CFR) to Hold from Sell.

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

Tags: analyst, baidu, bidu, cfr, chrysler, convergys, cullen, cvg, daimler, dcx, eca, encana, expe, expedia, frost, omniture, omtr, panera, pnra, r, rating, ryder, upgrade, usg