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MOST NOTEWORTHY: Deere, Boeing and Air France were today's noteworthy upgrades:
- Banc of America upgraded shares of Deere (NYSE: DE) to Buy from Neutral and raised their target to $186 from $130 as they expect upside in 2008 from favorable global agriculture fundamentals.
- Wachovia raised its rating on Boeing (NYSE: BA) to Outperform from Market Perform citing favorable risk/reward as domestic economic concerns and 787 development risks are discounted in valuation.
- Air France (NYSE: AKH) was upgraded to Buy from Hold at Citigroup, as they believe the company's joint venture with Delta Air Lines (NYSE: DAL) will boost margins.
OTHER UPGRADES:
- Baird upgraded OmniVision (NASDAQ: OVTI) to Neutral from Underperform.
- Deutsche Bank upgraded Philips Electronics (NYSE: PHG) to Buy from Hold.
- Tidewater (NYSE: TDW) was upgraded to Buy from Hold at Jefferies.
- Lehman raised Kimberly Clark (NYSE: KMB) to Equal Weight from Underweight.
If nothing else, gasoline prices are falling!
Closing Bell: Dow slump puts bulls on suicide watch; BAC, MS, F, FSLR all down, AMD up
I want to buy something, but . . .
