Analyst upgrades: CNC, EAT, HLIT, IEX and RDS.A
Posted Oct 19th 2007 10:23AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Brinker Intl (EAT), Sprint Nextel Corp (S)
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MOST NOTEWORTHY: Centene, Brinker International, Harmonic, Idex and Royal Dutch Shell were today's noteworthy upgrades:
- Jefferies upgraded shares of Centene Corporation (NYSE: CNC) to Buy from Hold as they expect the company is benefiting from above 20% revenue growth next year and SG&A leverage opportunity over the next 12–18 months.
- Bear Stearns upgraded shares of Brinker International (NYSE: EAT) to Outperform from Peer Perform as they believe Brinker's turnaround efforts can enhance shareholder value.
- Friedman Billings raised shares of Harmonic (NASDAQ: HLIT) to Outperform from Market Perform based on the favorable outlook for cable and satellite spending on HD video and other projects.
- The firm also upgraded Idex Corporation (NYSE: IEX) to Outperform from Market Perform, citing the company's positive 2008 outlook and solid end markets.
- Goldman upgraded Royal Dutch Shell (NYSE: RDS.A) to Neutral from Sell on valuation.
OTHER UPGRADES:
Tags: analyst, brinker, centene, cnc, eat, harmonic, hlit, idex, iex, j crew, jcg, JCrew, lasalle, lho, parker hannifin, ParkerHannifin, ph, rds.a, royal dutch shell, RoyalDutchShell, s, sprint, upgrade
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