Analyst upgrades: PFB, ERIC, MMC, DLTR and TAL
Posted May 12th 2008 12:12PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades
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MOST NOTEWORTHY: PFF Bancorp, Ericsson and TAL International Group were today's noteworthy upgrades:
- B. Riley upgraded shares of PFF Bancorp (NYSE: PFB) to Neutral from Sell on valuation with the stock trading at 11% of the last reported tangible book value of $14.37 at December 31, 2007.
- RBC Capital believes Ericsson (NASDAQ: ERIC) will benefit from network builds in North America and Asia. Shares were raised to Outperform from Sector Perform.
- Baird upgraded TAL International Group (NYSE: TAL) to Outperform from Neutral based on solid container leasing demand, rising container costs, and more constrained capital conditions.
OTHER UPGRADES:
- Deutsche Bank upgraded Telecom Italia (NYSE: TI) to Buy from Hold.
- JP Morgan upgraded Dollar Tree (NASDAQ: DLTR) to Neutral from Underweight.
- Goldman raised Marsh & McLennan (NYSE: MMC) to Neutral from Sell.
Tags: dltr, dollar tree, DollarTree, eric, ericsson, marsh mclennan, MarshMclennan, mmc, pfb, pff bancorp, PffBancorp, tal, tal international, TalInternational, telecom italia, TelecomItalia, ti, upgrade
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