Analyst upgrades: CLWR, CTXS, MO, OSTK and IPG
Posted Oct 22nd 2007 10:33AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Walgreen Co (WAG), Sprint Nextel Corp (S), Altria Group (MO), Xerox Corp (XRX)
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MOST NOTEWORTHY: Clearwire, Citrix Systems, Altria Group, Overstock.com and Interpublic Group were today's noteworthy upgrades:
- Jefferies upgraded shares of Clearwire Corporation (NASDAQ: CLWR) to Buy from Hold on valuation as they believe the stock is trading as if the Sprint Nextel Corporation (NYSE: S) deal is off. Jefferies thinks the Sprint/Clearwire deal is still in the best interest of both companies.
- Deutsche Bank upgraded shares of Citrix Systems (NASDAQ: CTXS) to Buy from Hold, as they believe the contribution from XenSource beginning in Q4 could be better than expected.
- UBS upgraded shares of Altria Group (NYSE: MO) citing stronger Q3 International results and potential share repurchases. Shares were upgraded to Buy from Neutral.
- Piper Jaffray raised shares of Overstock.com (NASDAQ: OSTK) to Market Perform from Underperform, as they are incrementally more positive on shares following the company's Q3 upside. They believe the company has turned the corner on profitability.
- Bear Stearns upgraded shares of Interpublic Group (NYSE: IPG) to Outperform from Peer Perform on valuation and expectations for improved performance in 2008.
OTHER UPGRADES:
Tags: altria, analyst, citrix, clearwire, clwr, ctxs, ims health, ImsHealth, interpublic, ipg, mo, ostk, overstock, radiosys, rsys, rx, s, sprint, srcl, stericycle, upgrade, xerox, xrx
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