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Analyst upgrades: Legg Mason, Panacos Pharma, PepsiAmericas

Posted Mar 5th 2008 11:46AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Citigroup Inc. (C)

MOST NOTEWORTHY: Legg Mason, Panacos Pharma and PepsiAmericas were today's noteworthy upgrades:
  • Wachovia upgraded Legg Mason (NYSE: LM) to Market Perform from Underperform citing valuation, new CEO change, and reduced Citigroup (NYSE: C) ownership.
  • Bear upgraded Panacos Pharma (NASDAQ: PANC) to Outperform from Peer Perform citing renewed confidence in Bevirimat, an HIV inhibitor, following analysis of Phase IIb data. The firm expects a partnership for Bevirmat to be the next catalyst.
  • Deutsche Bank raised PepsiAmericas (NYSE: PAS) to Buy from Hold shares on valuation, as they believe the recent weakness is overdone.
OTHER UPGRADES:

Tags: analyst, C, fannie mae, FannieMae, fnm, JBL, legg mason, LeggMason, lm, panacos, panc, pas, pepsiamericas, upgrade

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