Analyst upgrades 7-30-07: INTC, MOT, PEP and XOM
Posted Jul 30th 2007 11:13AM by Kevin Shult
Filed under: Analyst reports, Analyst upgrades and downgrades, Good news, PepsiCo (PEP), Intel (INTC), Motorola (MOT), Exxon Mobil (XOM), Stocks to Buy
MOST NOTEWORTHY: MGM Mirage (MGM), Motorola (MOT), Navteq (NVT), ExxonMobil (XOM) and Intel (INTC) were today's noteworthy upgrades:
- Lehman upgraded shares of MGM Mirage (NYSE: MGM) to Overweight from Equal-Weight on valuation as they believe the market is currently undervaluing the company's growth prospects.
- Motorola (NYSE: MOT) was raised to Market Perform from Underperform at JMP Securities on valuation.
- Following the acquisition of competitor Tele Atlas by TomTom, CIBC believes Navteq (NYSE: NVT) is well positioned to gain share, upgrading the stock to Sector Outperformer from Sector Performer, and believes Garmin (GRMN) should consider buying the company for its exclusive map content.
- AG Edwards believes the recent pullback in ExxonMobil (NYSE: XOM) has created a buying opportunity, upgrading shares to Buy from Hold.
- Intel (NASDAQ: INTC) was added to American Technology's Focus List following its recent sell-off...
OTHER UPGRADES:
- Cox Radio (NYSE: CXR) was upgraded to Outperform from Market Perform at Wachovia.
- PepsiCo (NYSE: PEP) was upgraded to Buy from Hold at Matrix USA.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, cox, cxr, exxonmobil, garmin, grmn, ingeroll, intc, intel, ir, knight, knx, mgm, mgm mirage, MgmMirage, mot, motorola, navteq, norfolk, nsc, pep, pepsi, rating, upgrade, xom
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