Analyst upgrades: Restaurant sector, BBI and PLXS
Posted Feb 28th 2008 11:27AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Brinker Intl (EAT), Blockbuster Inc 'A' (BBI), Darden Restaurants (DRI), Cheesecake Factory (CAKE), Sotheby's (BID)
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MOST NOTEWORTHY: The Restaurant Sector, Blockbuster and Plexus were today's noteworthy upgrades:
- Bear Stearns upgraded the Restaurant Sector to Market Weight from Underweight citing better investor sentiment following Fed rate cuts and the economic stimulus plan; upgraded shares include Brinker International (NYSE: EAT), Cheesecake Factory (NASDAQ: CAKE) and Darden Restaurants (NYSE: DRI).
- JP Morgan upgraded shares of Blockbuster (NYSE: BBI) to Overweight from Neutral ahead of the company's Q4 results on March 6, as they believe the quarter will be at least in-line and 2008 guidance will be above Street expectations.
- Plexus (NASDAQ: PLXS) was raised to Outperform from Neutral at Credit Suisse as they believe current quarter sales and bookings are tracking ahead.
OTHER UPGRADES:
- Maxwell Technologies (NASDAQ: MXWL) was upgraded to Market Perform from Market Underperform at JMP Securities.
- The firm also raised Sotheby's (NYSE: BID) to Market Outperform from Market Perform.
- Goldman Sachs added Allianz AG (NYSE: AZ) to its Conviction Buy List.
Tags: allianz, analyst, az, bbi, bid, blockbuster, brinker, cake, cheesecake, darden, dri, eat, inthenews, maxwell, mxwl, plexus, plxs, sotheby's, upgrade
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Reader Comments (Page 1 of 1)
3-01-2008 @ 3:49PM
stephen Krupinski said...
the resturants are going to clean up this year.