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Analyst upgrades: ACAD, GNSS and STM

Posted Dec 12th 2007 11:29AM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst upgrades and downgrades

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MOST NOTEWORTHY: Acadia Pharmaceuticals, Genesis Microchip and SAFECO Corp were today's noteworthy upgrades:
  • JMP Securities upgraded Acadia Pharmaceuticals (NASDAQ: ACAD) to Strong Buy from Market Outperform, citing increased confidence in the company's pimavanserin for combination treatment of schizophrenia.
  • Genesis Microchip (NASDAQ: GNSS) was upgraded to Hold from Underperform at Jefferies to reflect the acquisition by STMicroelectronics (NYSE: STM). The firm does not expect additional competitive offers.
  • SAFECO (NYSE: SAF) was upgraded to Market Perform from Underperform at Friedman Billings based on improved outlook and valuation.
OTHER UPGRADES:

Tags: ACAD, CAL, CBB, GNSS, LUV, SAF, STM, upgrades

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Last updated: November 10, 2009: 11:56 AM

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