Analyst upgrades: VOD, CTXS, STM, SYMM and SII
Posted Oct 24th 2007 10:55AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Amgen Inc (AMGN)
MOST NOTEWORTHY: Vodafone, Citrix Systems, STMicroelectronics, Symmetricom and Smith International were today's noteworthy upgrades:
- JP Morgan upgraded shares of Vodafone Group (NYSE: VOD) to Overweight from Neutral, as they believe the company is benefiting from increased data sales.
- Citrix Systems (NASDAQ: CTXS) was upgraded to Outperform from Market Perform at Friedman Billings. The firm's checks indicate that its clear communication strategy and a stronger technology platform behind the Enterprise and Platinum editions is spurring top line growth.
- Baird upgraded shares of STMicroelectronics (NYSE: STM) to Outperform from Neutral based on new product cycle, multiple design wins, valuation, and strong Q4 guidance.
- Cantor upgraded shares of Symmetricom (NASDAQ: SYMM) to Buy from Hold as they find the valuation compelling and are comfortable with Q1 estimates.
- Calyon Securities upgraded Smith International (NYSE: SII) to Add from Neutral following its Q3 report and guidance.
OTHER UPGRADES:
Tags: amgen, amgn, analyst, citrix, ctxs, qlgc, qlogic, sgr, shaw group, ShawGroup, sii, stm, stmicroelectronics, symmetricom, upgrade, vod, vodafone, weatherford, wft