Analyst upgrades: Airline stocks, LDK Solar, AU Optronics
Posted Jan 9th 2008 11:19AM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades, AMR Corp (AMR), Contl Airlines'B' (CAL), Delta Air Lines (DAL)
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MOST NOTEWORTHY: Airline stocks, LDK Solar and AU Optronics were today's noteworthy upgrades:
- UBS upgraded legacy airline stocks based on the recent pullback in the group. The firm upgraded Continental Airlines (NYSE: CAL) and Delta (NYSE: DAL) to Buy from Neutral and AMR Corp. (NYSE: AMR) to Neutral from Sell.
- CIBC upgraded shares of LDK Solar (NYSE: LDK) to Sector Performer from Sector Underperformer following a meeting with management as they have greater visibility on polysilicon supply for 2008 as well as comfort that average sales price declines will be lower than previously expected in 2009.
- Lehman upgraded shares of AU Optronics (NYSE: AUO) to Overweight from Equal Weight after raising the Asia Display industry to Positive from Neutral.
OTHER UPGRADES:
- Repsol SA (NYSE: REP) was upgraded to Equal Weight from Underweight.
- Jefferies raised its rating on Shutterfly (NASDAQ: SFLY) to Buy from Hold.
- Baird upgraded Shire Plc (NASDAQ: SHPGY) to Outperform from Neutral.
Tags: AMR, AUO, CAL, DAL, LDK, REP, SFLY, SHPGY
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