Analyst upgrades: SCOR, DRE, JWN and SUNH
Posted May 2nd 2008 10:55AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Wal-Mart (WMT), Nordstrom, Inc (JWN), Jones Apparel Group (JNY)
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MOST NOTEWORTHY: ComScore, Duke Realty, Nordstrom and Sun Healthcare were among today's noteworthy upgrades:
- ComScore (NASDAQ: SCOR) was upgraded to Outperform from Perform at Oppenheimer to reflect the strong Q1 report and strong customer additions.
- Duke Realty (NYSE: DRE) was upgraded to Outperform from Market Perform at Wachovia upgraded based on valuation.
- Nordstrom (NYSE: JWN) was upgraded to Outperform from Neutral at Credit Suisse.
- Sun Healthcare (NASDAQ: SUNH) was upgraded to Outperform from Market Perform at Friedman Billings based on valuation and notes the Medicare rate cuts will be as drastic as feared.
OTHER UPGRADES:
- MedAssets (NASDAQ: MDAS) was upgraded to Buy from Neutral at Piper, which thinks the company's acquisition of Accuro will strengthen its revenue cycle management offering, and the firm believes the tight credit markets make the company's MedAssets a compelling product in the short-term. In addition, Piper notes that the company has recently had success with large hospital systems.
- Jones Apparel (NYSE: JNY) was upgraded to Buy from Neutral at Merrill citing sales expectations for the l.e.i. brand at Wal-Mart (NYSE: WMT) and margin improvements from leaner inventories.
- Affiliated Computer (NYSE: ACS) was upgraded to Buy from Hold at Jefferies based on valuation and expectations for better bookings.
Tags: acs, affiliated computer, AffiliatedComputer, analyst, comscore, dre, duke, jny, jones, jwn, mdas, medassets, nordstrom, scor, sun healthcare, sunh, SunHealthcare, upgrade, wal mart, WalMart, wmt
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