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Analyst upgrades 8-23-07: CFC, TOL, TSN and UPS

Posted Aug 23rd 2007 10:24AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, Countrywide Financial (CFC), United Parcel'B' (UPS), Toll Brothers (TOL), Tyson Foods'A' (TSN), Stocks to Buy

MOST NOTEWORTHY: Countrywide Financial (CFC), Toll Brothers (TOL), United Parcel Service (UPS) and OSI Pharma (OSIP) were today's noteworthy upgrades:

Both Friedman Billings and Wachovia upgraded Countrywide Financial (NYSE: CFC) to Market Perform from Underperform following the $2 billion investment by the Bank of America (BAC).

JMP Securities upgraded Toll Brothers (NYSE: TOL) to Market Perform from Underperform and believes the worst news on housing is reflected and that fears over a disappearing jumbo loan market are overblown.

Matrix upgraded United Parcel Service (NYSE: UPS) to Buy from Hold to reflect strong demand from overseas shipping.

Wachovia raised OSI Pharma (NASDAQ: OSIP) to Market Perform from Underperform on valuation...

OTHER UPGRADES:

UBS raised Joy Global (NASDAQ: JOYG) to Buy from Neutral.

China Netcom (NYSE: CN) was raised to Neutral from Sell at UBS.

Roth Capital upgraded IMAX Corp (NASDAQ: IMAX) to Buy from Hold.

WedBush raised InfoSpace (NASDAQ: INSP) to Buy from Hold.

Tyson Foods (NYSE: TSN) was upgraded to Hold from Sell.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: analyst, cfc, china netcom, ChinaNetcom, cn, countryside, imax, infospace, insp, joy, joyg, osi, osip, rating, tol, toll brothers, TollBrothers, tsn, tyson, united parcel, UnitedParcel, upgrade, ups

Indexes	Change	Price
DJIA	+79.09	12,880.32
NASDAQ	+25.63	2,929.51
S&P 500	+9.45	1,352.09

Last updated: February 13, 2012: 02:33 PM

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