Analyst upgrades 8-02-07: BRCM, JNY, OMX, SYMC and VCLK
Posted Aug 2nd 2007 11:20AM by Kevin Shult
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Good news, OfficeMax Inc (OMX), Symantec Corp (SYMC), Broadcom Corp'A' (BRCM), Penn West Energy Tr (PWE), Qwest Communications Intl (Q), Jones Apparel Group (JNY), ValueClick Inc (VCLK), Stocks to Buy
MOST NOTEWORTHY: British Airways (BAIRY), Symantec (SYMC), OfficeMax (OMX), Qwest (Q) and Metlife (MET) were today's noteworthy upgrades:
- Friedman Billings believes Symantec's (NASDAQ: SYMC) fundamentals are about to show significant improvement over the next year and upgraded shares to Outperform from Market Perform.
- JP Morgan raised OfficeMax (NYSE: OMX) shares to Overweight from Neutral on valuation.
- Qwest (NYSE: Q) was upgraded to Sector Outperformer from Sector Performer, expecting revenue growth to be driven by the improving enterprise business. JP Morgan added Qwest to its Focus List.
- Metlife (NYSE: MET) was upgraded to Buy from Neutral at Merrill, based on valuation...
OTHER UPGRADES:
- ValueClick (NASDAQ: VCLK) was upgraded to Sector Perform from Underperform at Pacific Crest.
- Penn West (NYSE: PWE) was upgraded to Sector Perform from Underperform at RBC Capital.
- Friedman Billings upgraded Cubic (AMEX: CUB) to Market Perform from Underperform.
- Morgan Stanley upgraded shares of Jones Apparel (NYSE: JNY) to Equal Weight from Underweight.
- Broadcom (NASDAQ: BRCM) was raised to Sector Outperformer from Sector Performer at CIBC.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, bairy, brcm, british, broadcom, cubic, jny, jones, metlife, office max, OfficeMax, omx, penn west, PennWest, pwe, q, qwest, rating, symantec, symc, upgrade, valueclick, vclk
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