Analyst upgrades 9-7-07: PTEN, NBR, X, COO and CTTAY
Posted Sep 7th 2007 10:50AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, U.S. Steel (X)
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MOST NOTEWORTHY: Patterson-UTI Energy, Nabors Industries, US Steel Group, Cooper Companies and Continental AG were today's noteworthy upgrades:
- Bernstein upgraded Patterson-UTI Energy Inc (NASDAQ: PTEN) and Nabors Industries Limited (NYSE: NBR) to Outperform from Market Perform citing valuations and secular growth trends.
- Citigroup upgraded US Steel Corporation (NYSE: X) to Buy from Hold and raised their target to $118 to reflect operating catalysts and their expectations for domestic steel markets to improve in Q4 and 2008.
- Cooper Companies Inc (NYSE: COO) was also upgraded to Buy from Hold at Citigroup despite the lowered guidance as they believe the company's products are improving and earnings upside is possible.
- WestLB upgraded Continental AG (OTC: CTTAY) to Buy from Hold after the tire marker announced plans to reorganize its company structure into six divisions following the purchase of Siemens AG's (NYSE: SI) VDO automotive unit.
OTHER UPGRADES:
Tags: analyst, continental, coo, cooper, cttay, fifth third, FifthThird, firm, fitb, nabors, nbr, occidental, oxy, patterson, pten, sgy, si, siemens, stone energy, StoneEnergy, tempur pedic, TempurPedic, tpx, upgrade, us steel, UsSteel, x
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