Analyst upgrades: COF, DRI, MCD and WWY
Posted Aug 21st 2007 10:26AM by Kevin Shult
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Good news, McDonald's (MCD), Darden Restaurants (DRI), Wrigley, (Wm) Jr (WWY), Stocks to Buy
MOST NOTEWORTHY: McDonald's (MCD), Micron Tech (MU), ManPower (MAN), ASML Holding (ASML) and Wm. Wrigley Jr Co (WWY) were today's notable upgrades:
- McDonald's (NYSE: MCD) is creating shareholder value by selling 1600 under-performing restaurants and using the money for share buyback programs and dividends and was upgraded to Buy from Hold at Matrix.
- AG Edwards upgraded Micron (NYSE: MU) to Buy from Hold on the belief notebook unit growth could stay in the 25-30% YoY range over the next two quarters, while desktop growth could pick up from the 4% attained in the June quarter. Up from a low of close to $5 in February, NAND spot prices are in the $8-$9 range for an 8Gb chip over the last few weeks.
- ManPower (NYSE: MAN) was upgraded to Strong Buy from Hold at Matrix based on the growing demand for search services in Europe, Africa and North America.
- Friedman Billings upgraded shares of ASML Holding (NASDAQ: ASML) to Outperform from Market Perform and added them to their Top Picks list based on recent checks that indicate a sustainable recovery in lithography tool bookings beyond Q3.
- Bear upgraded shares of Wrigley (NYSE: WWY) to Peer Perform from Underperform citing the better-then-expected response to competitor Cadbury (CSG), UK momentum in developing markets, and likely strong performance by new gum, "5."
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, asml, capital one, CapitalOne, cof, darden, dri, man, manpower, mcd, mcdonalds, micron, mu, national semi, NationalSemi, rating, upgrade, wrigley, wwy
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Reader Comments (Page 1 of 1)
8-21-2007 @ 11:41AM
Brian Patterson said...
My son got e coli 0157 H:7 from eating a McDonalds meal in August 2002. He was on morphine for 7 days. Both McDonalds and Zurich ins. denied liability yet the CDC National PulseNet database found isolated and random PFGE matches. My advice to anyone is to save their reciepts and a uneaten portion of their meal for further testing and confirmation.