MOST NOTEWORTHY: Pearson (PSO), Verizon Communications (VZ), Ship Finance (SFL) and ValueClick (VCLK) were today's noteworthy upgrades:
- Pearson (NYSE: PSO) was upgraded to Equal Weight from Underweight at Lehman to reflect the better than expected interim results and an improved competitive landscape in the core education market. Shares were also raised to Hold from Sell at Societe General and to Buy from Neutral at Merrill, based on valuation.
- UBS upgraded Verizon Communications (NYSE: VZ) to Buy from Neutral to reflect the company's improving fundamental outlook which they feel should drive a premium to the market multiple.
- JP Morgan believes Ship Finance (NYSE: SFL) has better near-term growth prospects and a better valuation relative to Double Hull, and upgraded shares to Overweight from Neutral.
- Pacific Growth upgraded Valueclick (NASDAQ: VCLK) to Neutral from Sell as they believe risks associated with its incentive business are reflected in its new guidance and valuation. Craig-Hallumm Capital also upgraded Valueckick to Buy from Accumulate...
OTHER UPGRADES:
- Bear Stearns upgraded Gannett (NYSE: GCI) to Outperform from Peer Perform.
- Coldwater Creek (NASDAQ: CWTR) was upgraded to Market Weight from Underweight at Thomas Weisel.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). 
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Reader Comments (Page 1 of 1)
7-31-2007 @ 4:44PM
Zach said...
I think VCLK is going to have a hard time climbing back. The FTC has several investigations out on promotion based marketing which has depressed one of VCLK's most robust business segments. It will be tough for other segments to make up for this loss especially given what appears to be a deteriorating economic environment.
For full disclosure, I have a short position in VCLK and wrote about it in my blog. The address for the article is http://zachstocks.com/2007/07/valueclick-inc-vclk/