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Analyst upgrades: Vodafone, AstraZeneca and Forest Oil

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MOST NOTEWORTHY: Vodafone, AstraZeneca and Forest Oil were today's noteworthy upgrades:

  • Bear Stearns upgraded shares of Vodafone (NYSE: VOD) to Outperform from Peer Perform on valuation, as they believe the stock trades at a discount to peers.
  • AstraZeneca (NYSE: AZN) was raised to Buy from Hold at Citigroup to reflect the potential for higher sales of the company's Crestor cholesterol pill.
  • Jefferies upgraded shares of Forest Oil (NYSE: FST) to Buy from Hold and raised their target to $63 from $50 following the company's "bullish" analyst conference.

OTHER UPGRADES:

  • Pharmasset (NASDAQ: VRUS) was raised to Buy from Neutral at UBS.
  • Deutsche Bank upgraded China Mobile (NYSE: CHL) to Buy from Hold.
  • Morgan Keegan upgraded RadNet (NASDAQ: RDNT) to Outperform from Market Perform.

Symbol Lookup
IndexesChangePrice
DJIA+132.7910,450.95
NASDAQ+29.972,176.01
S&P 500+14.861,106.24

Last updated: November 23, 2009: 05:33 PM

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