Analyst upgrades: BUD, CBS, DRI and JBHT
Posted Aug 20th 2007 10:18AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Good news, Anheuser-Busch Cos (BUD), CBS Corp 'B' (CBS), Darden Restaurants (DRI), Hunt(J.B.) Transport (JBHT), Stocks to Buy
MOST NOTEWORTHY: J.B. Hunt Transport (JBHT), Gold Fields (GFI), Anheuser-Busch (BUD), CBS Corp (CBS) and Amerigroup (AGP) were today's noteworthy upgrades:
- Wachovia upgraded shares of J.B. Hunt Transport (NASDAQ: JBHT) to Outperform from Market Perform citing strength in the company's Intermodal franchise.
- Matrix USA upgraded Gold Fields (NYSE: GFI) to Buy from Sell, citing the strong demand for gold jewelry from affluent customers in developing markets and investors.
- AG Edwards upgraded Anheuser-Busch (NYSE: BUD) to Buy from Hold based on valuation and improving fundamentals.
- CBS Corp (NYSE: CBS) was upgraded to Buy from Neutral at SMH Capital based on expectations for CBS to continue to increase its annual dividend 10% a year.
- Jefferies is more confident in Amerigroup's (NYSE: AGP) ability to see further medical cost improvements in its GA market and it its TN expansion, upgrading shares to Buy from Hold...
OTHER UPGRADES:
- Goldman upgraded Micron Tech (NYSE: MU) and Novellus Systems (NVLS) to Neutral from Sell.
- BMO Capital upgraded National City (NYSE: NCC) to Market Perform from Underperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: agp, amerigroup, analyst, anheuser, bud, cbs, darden, dri, gfi, gold fields, GoldFields, hunt, jbht, micron, mu, mvti, national city, NationalCity, ncc, omnivision, rating, upgrade
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