Analyst upgrades: PALM, FTEK, WY and JW.A
Posted Sep 14th 2007 10:00AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Circuit City Stores (CC), Palm Inc (PALM), United Technologies (UTX)
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MOST NOTEWORTHY: Palm (PALM), Fuel Tech (FTEK), Weyerhaeuser (WY), and John Wiley & Sons (JW.A) were today's noteworthy upgrades:
- Palm Inc (NASDAQ: PALM) was upgraded to Outperform from Market Perform by Morgan Keegan, who expects PALM's recapitalization to bring more financial discipline, better growth from new products, and views the valuation as compelling.
- FuelTech Inc (NASDAQ: FTEK) was upgraded to Buy from Accumulate at ThinkEquity, which believes the company technologies are well-positioned as the U.S. Clean Air Act takes effect.
- Bank of America upgraded Weyerhaeuser Company (NYSE: WY) to Buy from Neutral, citing valuation and their prediction that the company's restructuring will create value for shareholders.
- John Wiley & Sons Inc (NYSE: JW.A) was upgraded to Buy from Hold by Stifel Nicolaus & Co, which views the company as a consistent performer with emerging catalysts and reasonable valuation.
OTHER UPGRADES:
Tags: BBEP, BreitBurn, BreitBurn Energy, BreitburnEnergy, CC, Circuit City, CircuitCity, Fifth Third Bancorp, FifthThirdBancorp, FITB, FTEK, FuelTech, John Wiley, JohnWiley, JW.A, Palm, Palm Inc, PalmInc, United Tech, United Technologies, UnitedTech, UnitedTechnologies, upgrades, UTX, Weyerhaeuser, WY
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