Analyst upgrades: BAESY, VDSI, CRM, TPX and FIS

Posted Nov 12th 2007 9:05AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Mattel, Inc (MAT), salesforce.com inc (CRM)

MOST NOTEWORTHY: BAE Systems, VASCO Data Security, Salesforce.com, Tempur Pedic and Fidelity National were today's noteworthy upgrades:

Goldman added BAE Systems (OTC: BAESY) to its Conviction Buy List, as they believe the company's defensive growth characteristics will lead to outperformance.
Jefferies upgraded shares of VASCO Data Security International Inc (NASDAQ: VDSI) to Buy from Hold on valuation following the recent sell-off in the stock.
Salesforce.com Inc (NYSE: CRM) was upgraded to Outperform from Market Perform at Piper to reflect the company's strong cash flow generation and the firm's belief that CRM is a core holding in the enterprise application market.
Citigroup upgraded shares of Tempur Pedic International Inc (NYSE: TPX) to Buy from Hold, as they believe double-digit sales growth and margin expansion will drive 25% EPS growth over the next few years.
SunTrust raised its rating on Fidelity National Information Services Inc (NYSE: FIS) to Buy from Neutral on valuation.

OTHER UPGRADES:

JP Morgan raised its rating on Mattel Inc (NYSE: MAT) to Overweight from Neutral.
Broadpoint upgraded Pacific Ethanol Inc (NASDAQ: PEIX) to Underperform from Sell.
Merrill upgraded Wyeth (NYSE: WYE) to Buy from Neutral.
CIBC upgraded Acuity Brands Inc (NYSE: AYI) to Sector Outperformer from Sector Performer.

Tags: Acuity Brands, AcuityBrands, AYI, BAE Systems, BAESY, BaeSystems, CDSI, CRM, Fidelity National, FidelityNational, FIS, MAT, Mattel, Mattel Inc, MattelInc, Pacific Ethanol, PacificEthanol, PEIX, Salesforce.com, Tempur Pedic, TempurPedic, TPX, upgrades, VASCO Data Security, VascoDataSecurity, WYE, Wyeth

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Reader Comments (Page 1 of 1)

12-16-2007 @ 11:29PM

johnson said...

While CRM may make new highs due to winning high profile customers like DELL, Japan Post Citigroup, TPX is all set to make new lows because of the housing market turmoil. Ultimately TPX derives its revenue from selling mattresses and if the housing sales continue to be sluggish, TPX will suffer due to poor sales.