Analyst upgrades 8-07-07: BKC, EAT, GPS and NWA
Posted Aug 7th 2007 10:56AM by Kevin Shult
Filed under: Brinker Intl (EAT), Gap Inc (GPS), Burger King Hldgs (BKC)
MOST NOTEWORTHY: Buffalo Wild Wings (BWLD), Pepsi Bottling (PBG), Brinker International (EAT), Northwest Airlines (NWA) and Spectrum Brands (SPC) were today's noteworthy upgrades:
- Merriman upgraded shares of Buffalo Wild Wings (NASDAQ: BWLD) to Buy from Neutral on valuation as they believe the 25% sell-off post in-line earnings is overdone.
- Banc of America upgraded shares of Pepsi Bottling (NYSE: PBG) to Buy from Neutral to reflect the company's earnings power in 2008, ongoing cost controls and more robust product pipeline.
- SMH Capital upgraded shares of Brinker Int'l (NYSE: EAT) as they believe expectations are too low for Q4 and FY08.
- Northwest Airlines (NYSE: NWA) was upgraded to Overweight from Equal Weight at Morgan Stanley on valuation.
- Spectrum Brands (NYSE: SPC) was upgraded to Neutral from Underperform at Buckingham on valuation...
OTHER UPGRADES:
- Gap (NYSE: GPS) was upgraded to Neutral from Underperform at CL King & Associates.
- Raymond James upgraded Ruby Tuesday (NYSE: RT) to Market Perform from Underperform.
- MetLife (NYSE: MET) was added to Goldman Sachs' Conviction Buy List.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, bkc, brinker, buffalo, burger, bwld, eat, gap, gps, met, metlife, mso, northwest, nwa, pbg, pepsi, rating, rt, ruby, spc, spectrum, upgrade
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