Analyst upgrades: MRK, European semiconductors, TMA and PRU
Posted Sep 13th 2007 10:55AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, General Motors (GM), Merck and Co (MRK), Nucor Corp (NUE), Unilever ADR (UL)
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MOST NOTEWORTHY: Merck, the European semiconductor sector, Thornburg Mortgage
and Prudential were today's notable upgrades:
- Merck & Co Inc (NYSE: MRK) was upgraded to Buy from Neutral by Bank of America, which believes the company's sales momentum will continue.
- The European semiconductor sector, which includes Infineon Technologies AG (NYSE: IFX) was upgraded to Positive from Neutral by Lehman Brothers, as they believe a recovery is under way in the industry. The firm upgraded Infineon to Equal Weight from Underweight.
- Thornburg Mortgage Inc (NYSE: TMA) was upgraded to Market Perform from Underperform at Piper, as they see limited liquidity risks, given the strong quality of the company's mortgage assets.
- Prudential Financial Inc (NYSE: PRU) was upgraded to Outperform from Neutral by Friedman Billings, which cited valuation and the quality of the company's investment portfolio.
OTHER UPGRADES:
Tags: analyst, cbb, cincinnati bell, CincinnatiBell, firm, general motors, GeneralMotors, gm, ifx, infineon, merck, mrk, nucor, nue, pru, prudential, recommendation, thornburg, tma, ul, unilever, upgrade
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Reader Comments (Page 1 of 1)
9-13-2007 @ 6:07PM
Seth said...
Unilever's upgrade could be inresponse to an article in the WSJ today http://online.wsj.com/article/SB118963983165125765.html?mod=hps_us_pageone. Actually a really cool article on the success of Unilever's new deal with MTV. News Visual also did an article on this as well http://www.newsvisual.com/newsvisual/2007/09/viacom-and-unil.html