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Analyst upgrades: LULU, NCC and DVN

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MOST NOTEWORTHY: Lululemon, National City and Devon Energy were today's noteworthy upgrades:
  • Thomas Weisel upgraded shares of Lululemon (NASDAQ:LULU) to Overweight from Market Weight as they believe the company's momentum continues following the strong results; the firm maintains a $43 target on shares.
  • Bear upgraded National City (NYSE:NCC) to Outperform from Underperform citing favorable risk/reward following reports is is considering a transaction with KeyCorp (NYSE:KEY).
  • JP Morgan raised Devon Energy (NYSE:DVN) to Overweight from Neutral citing solid organic growth with high rates of returns.
OTHER UPGRADES:
Symbol Lookup
IndexesChangePrice
DJIA+32.128,743.94
NASDAQ+1.581,886.61
S&P 500-0.36940.38

Last updated: July 19, 2009: 01:25 AM

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