Analyst upgrades: NOC, GDNNY and MELI
Posted Mar 3rd 2008 11:11AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Boeing Co (BA), Northrop Grumman (NOC)
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MOST NOTEWORTHY: Northrop Grumman, Groupe Danone and MercadoLibre were today's noteworthy upgrades:
- Oppenheimer upgraded shares of Northrop Grumman (NYSE: NOC) to Outperform from Perform after the Pentagon selected the company over Boeing (NYSE: BA) for the newly designated KC-45A Aerial Refueling Tanker with a potential value of $35B.
- Citigroup upgraded shares of Groupe Danone (OTC: GDNNY) to Buy from Hold on valuation, as they believe the sell-off on commodity cost concerns is overdone.
- MercadoLibre (NASDAQ: MELI) was raised to Outperform from Sector Perform at RBC Capital, as they believe MELI's long-term thesis is more compelling now vs. six months ago and notes favorable reaction to Mercado Pago v2.0.
OTHER UPGRADES:
Tags: analyst, ba, boeing, deutsche telekom, DeutscheTelekom, dt, exc, exelon, gdnny, groupe danone, GroupeDanone, meli, mercadolibre, noc, northrop grumman, NorthropGrumman, scgly, societe generale, SocieteGenerale, upgrade
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