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

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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.
  • Wachovia raised OSI Pharma (NASDAQ: OSIP) to Market Perform from Underperform on valuation...
OTHER UPGRADES:
  • Roth Capital upgraded IMAX Corp (NASDAQ: IMAX) to Buy from Hold.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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Last updated: July 06, 2009: 02:22 PM

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