Analyst upgrades: UBS, PLD, AMB, NVT and PDLI

Posted Oct 2nd 2007 10:50AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hershey Co (HSY)

MOST NOTEWORTHY: UBS AG, ProLogis, AMB Property, Navteq and PDL BioPharma were today's noteworthy upgrades:

JP Morgan upgraded shares of UBS (NYSE: UBS) to Neutral from Underweight as they believe the company can start fresh after yesterday's pre-announcement.
Banc of America upgraded shares of ProLogis (NYSE: PLD) and AMB Property (NYSE: AMB) to Buy from Neutral to reflect their positive outlook on global industrial REITs and believes they are positioned to benefit from global demand for industrial space.
Navteq Corporation (NYSE: NVT) was upgraded at Deutsche Bank to Hold from Sell to reflect the acquisition by Nokia Corporation (NYSE: NOK).
Wachovia raised shares of PDL BioPharma Inc (NASDAQ: PDLI) to Outperform from Market Perform following the CEO resignation and potential sale of the company.

OTHER UPGRADES:

Thor Industries (NYSE: THO) was upgraded to Buy from Gradually Accumulate at Soleil.
Gabelli upgraded Hershey Company (NYSE: HSY) to Hold from Sell.
Forest Laboratories (NYSE: FRX) was upgraded at Citigroup to Hold from Sell.
Roth Capital upgraded Conexant Systems (NASDAQ: CNXT) to Hold from Sell.

Tags: amb, amb property, AmbProperty, analyst, cnxt, conexant, forest labs, ForestLabs, frx, hershey, hsy, navteq, nvt, pdl biopharma, PdlBiopharma, pdli, pld, prologis, tho, thor, ubs, upgrade

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Reader Comments (Page 1 of 1)

10-02-2007 @ 11:07AM

Seth said...

UBS should be given the chance to start fresh. Although some management shakeup was necessary, the remaining board members are all quite experienced. NewsVisual created a 2-degree interactive map of the board members at UBS http://www.newsvisual.com/newsvisual/2007/10/ubs-board-ties-.html . As can be seen from the map, they are quite experienced in managing various companies and industries.