Analyst upgrades: F, AMD, BRCD, NFLX and EQIX
Posted Sep 17th 2007 11:10AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Ford Motor (F), Netflix, Inc. (NFLX), Advanced Micro Dev (AMD)
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MOST NOTEWORTHY: Ford Motor Co, Advanced Micro Devices, Brocade, Netflix and Equinix were today's noteworthy upgrades:
- Bear Stearns believes Ford Motor Company (NYSE: F) could also benefit from similar deal to General Motors Corporation's (NYSE: GM) potential VEBA healthcare restructuring with the UAW. The firm upgraded Ford shares to Outperform from Peer Perform.
- Advanced Micro Devices (NYSE: AMD) was upgraded to Neutral from Underweight at JP Morgan. The firm expects AMD's Barcelona server chip will help close the gap vs. Intel Corporation (NASDAQ: INTC).
- Citigroup upgraded shares of Brocade Communications Systems (NASDAQ: BRCD) to Buy from Hold and added the stock to their Global Tech Conviction List on expectations for market share gains and margin upside in 2008.
- Thomas Weisel upgraded shares of Netflix Inc (NASDAQ: NFLX) to Overweight from Market Weight, citing reduced pressure from competitor Blockbuster Inc (NYSE: BBI), which could lead to upside in subscribers.
- Needham upgraded shares of Equinix (NASDAQ: EQIX) to Buy from Hold to reflect improving fundamentals and potential upside from the IXEurope acquisition.
OTHER UPGRADES:
Tags: advanced micro, AdvancedMicro, amd, analyst, bebe, csx, eqix, equinix, f, firm, ford, hcbk, hudson city, HudsonCity, netflix, nflx, sun healthcare, sunh, SunHealthcare, twb, tween brands, TweenBrands, upgrade
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