Analyst upgrades: PETM, MMC and PNCL
Posted Apr 14th 2008 12:12PM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hasbro Inc (HAS)
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MOST NOTEWORTHY: PetSmart, Marsh & McLennan and Pinnacle Airlines were today's noteworthy upgrades:
- Banc of America upgraded PetSmart (NASDAQ:PETM) to Buy from Neutral on valuation, as they believe the market is overly negative on the company's cyclicality.
- Keefe Bruyette upgraded shares of Marsh & McLennan (NYSE:MMC) to Outperform from Market Perform on increased confidence management will be able to improve margins.
- JP Morgan upgraded Pinnacle Airlines (NASDAQ:PNCL) to Overweight from Underweight citing the company's FCF and contract certainty.
OTHER UPGRADES:
- Hasbro (NYSE:HAS) was upgraded to Buy from Hold at Needham.
- Calyon raised Airtran Holdings (AAI) to Add from Neutral.
- Liberty Entertainment (LMDIA) was raised at Merrill to Buy from Neutral.
Tags: aai, airtran, analyst, has, hasbro, liberty media, LibertyMedia, lmdia, mmc, petm, petsmart, pinnacle, pncl, upgrade
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