Analyst upgrades: CPB, LCC, LOW, NTES and RTRSY
Posted Aug 22nd 2007 10:25AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, Campbell Soup (CPB), Lowe's Cos (LOW), US Airways Group (LCC), Reuters Group ADS (RTRSY), Stocks to Buy
MOST NOTEWORTHY: Lowe's (LOW), Cooper Tire & Rubber (CTB), Campbell Soup (CPB), Reuters Group (RTRSY) and Netease.com (NTES) were today's noteworthy upgrades:
- JP Morgan upgraded Lowe's (NYSE: LOW) to Overweight from Neutral based on improved risk/return and conservative near-term estimates. UBS upgraded Lowe's to Buy from sell on valuation.
- Cooper Tire & Rubber (NYSE: CTB) was upgraded to Buy from Sell, as the firm thinks Copper is benefiting from surging demand for tires in Asia and considers the recent weakness a buying opportunity.
- UBS upgraded shares of Campbell Soup (NYSE: CPB) to Buy from Neutral, citing expected growth acceleration, productivity savings, and attractive valuation.
- Deutsche Bank is positive on the Thomson (TOC)-Reuters combination and expected synergies, upgrading Reuters Group (NASDAQ: RTRSY) to Buy from Hold.
- Netease.com (NASDAQ: NTES) was upgraded to Positive from Neutral at Susquehanna based on valuation and checks that indicate better than expected performance of Westward Journey Online III...
OTHER UPGRADES:
- Banc of America upgraded Glu Mobile (NASDAQ: GLUU) to Buy from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, campbell soup, CampbellSoup, cooper, cpb, ctb, georgia, ggc, glu, gluu, jaz, lazz, llc, low, lowe, netease, ntes, rating, reuters, rtrst, thomson, upgrade, us airway, UsAirway
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
