Analyst upgrades: POT, CSG and ZRAN
Posted Feb 5th 2008 9:46AM by Laurie Pasternack
Filed under: Analyst Upgrades and Downgrades, Good news, Broadcom Corp'A' (BRCM), Potash Corp. of Saskatchewan (POT)
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MOST NOTEWORTHY: Potash, Cadbury Schweppes and Zoran were today's noteworthy upgrades:
- Citigroup upgraded shares of Potash (NYSE: POT) to Buy from Hold and raised its target to $178 from $141 to reflect their expectation for a more bullish outcome from the ongoing China Potash contract negotiations.
- Cadbury Schweppes (NYSE: CSG) was raised to Overweight from Neutral at JP Morgan to reflect the company's takeout potential and cash returns.
- Oppenheimer raised its rating on Zoran (NASDAQ: ZRAN) to Outperform from Perform on valuation, as they believe the recent weakness is overdone.
OTHER UPGRADES:
- Pep Boys (NYSE: PBY) was upgraded to Market Weight from Underweight at Thomas Weisel.
- JMP Securities upgraded Actuate (NASDAQ: ACTU) to Strong Buy from Outperform.
- Goldman raised Broadcom (NASDAQ: BRCM) to Buy from Neutral.
Tags: ACTU, Actuate, Bradcom, BRCM, Cadbury Schweppes, CadburySchweppes, CSG, PBY, Pep Boys, PepBoys, POT, Potash, upgrades, Zoran, ZRAN
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