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MOST NOTEWORTHY: Nokia, Thornburg Mortgage and AbitibiBowater were today's noteworthy upgrades:
- Oppenheimer upgraded shares of Nokia (NYSE: NOK) to Outperform from Perform on valuation following the recent weakness, as their checks indicate demand remains solid. WestLB raised Nokia to Buy from Add on valuation, as they believe concerns about Chinese demand are overdone.
- Bear believes Thornburg Mortgage (NYSE: TMA) is much more likely to survive given liquidity from the Fed's Term Securities Lending Facility. Bear upgraded Thornburg to Peer Perform from Underperform.
- BMO Capital upgraded AbitibiBowater (NYSE: ABH) to Market Perform from Underperform citing the company's $496M private debt exchange offer.
OTHER UPGRADES:
- JMP raised Cash America (NYSE: CSH) to Outperform from Market Perform.
- Veolia Environment (NYSE: VE) was upgraded to Buy from Neutral at Goldman.
- Deutsche Bank raised Groupe Danone (OTC: GDNNY) to Buy from Hold.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
Reader Comments (Page 1 of 1)
3-19-2008 @ 12:32PM
jack said...
Isn't Bear Sterns making a deal with TMA as we speak? How can we trust their opinion.