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Analyst upgrades: U.S refiners, RIGL and JBLU

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MOST NOTEWORTHY: U.S. refiners, Rigel Pharma and JetBlue were today's noteworthy upgrades:
  • Goldman upgraded the U.S. Refiners to Attractive from Neutral, citing valuations; the firm raised its rating on CVR Energy (NYSE:CVI) and Holly Corp (NYSE:HOC) to Buy from Neutral.
  • Lehman upgraded shares of Rigel Pharma (NASDAQ:RIGL) to Overweight from Equal Weight following the company's positive R788 data.
  • Bear Stearns said the Lufthansa (DLAKY) investment gives JetBlue (NASDAQ:JBLU) some breathing room to execute on its turnaround but notes the company's long-term strategy remains in question. Bear raised its rating on JetBlue to Peer Perform from Underperform.
OTHER UPGRADES:
Symbol Lookup
IndexesChangePrice
DJIA-20.6410,430.31
NASDAQ-10.572,165.44
S&P 500-1.281,104.96

Last updated: November 24, 2009: 02:42 PM

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