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Analyst upgrades: Lukoil, ENI SpA and Meritage

MOST NOTEWORTHY: Lukoil, ENI SpA and Meritage were today's noteworthy upgrades:
  • Citigroup upgraded shares of Lukoil (OTC: LUKOY) to Buy from Hold on valuation, as they believe the company's oil production, refineries and gas stations outside of Russia are not priced into shares.
  • ABN Amro raised ENI SpA (NYSE: E) to Hold from Sell after a meeting with management.
  • Meritage (NYSE: MTH) was upgraded to Buy from Neutral at UBS on strong results.
OTHER UPGRADES:

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Symbol Lookup
IndexesChangePrice
DJIA+32.7311,220.96
NASDAQ-3.162,255.88
S&P 500+5.481,242.31

Last updated: September 05, 2008: 11:06 PM

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