Analyst upgrades: CI, Analog semiconductors, HIL and VSEA
Posted Mar 24th 2008 11:35AM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades, CIGNA Corp (CI)
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MOST NOTEWORTHY: Analog Semiconductors, Hill International and Varian Semi were today's noteworthy upgrades:
- Lehman upgraded Analog Devices (NYSE: ADI), Fairchild Semi (NYSE: FCS), and Intersil Corp (NASDAQ: ISIL) to Overweight from Equal Weight. The firm believes Analog semis have one of the most attractive risk/reward profiles in technology and expects the group to outperform in 2008.
- B. Riley raised Hill International (NYSE: HIL) to Buy from Neutral following the company's Q4 results which they believe continued to reflect strong growth across both segments of the business.
- ThinkEquity upgraded Varian Semi (NASDAQ: VSEA) to Accumulate from Source of Funds citing valuation and expectations that the company will end up with over 70% of the overall implant market past 2008. The firm adds that scale and pricing power should drive upside to margins.
OTHER UPGRADES:
- Collective Brands (NYSE: PSS) was raised to Buy from Hold at Soleil.
- JP Morgan upgraded Rockwell Collins (NYSE: COL) to Overweight from Neutral.
- UBS upgraded Cigna (NYSE: CI) to Buy from Neutral.
Tags: adi, ci, cigna, col, fcs, hil, isil, pss, vsea
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