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MOST NOTEWORTHY: Staples, Evergreen Solar and Genzyme were today's noteworthy upgrades:
- Jefferies upgraded shares of Staples (NASDAQ: SPLS) to Buy from Hold following the company's raised bid for Corporate Express based on the increased chance the deal gets deal done and SPLS achieves meaningful EPS accretion.
- Jefferies also raised Evergreen Solar (NASDAQ: ESLR) to Buy from Hold on valuation, as they believe concerns regarding capital needs are now priced into the stock and that the company continues to take risk out of its growth story through execution.
- Bernstein upgraded Genzyme (NASDAQ: GENZ) to Outperform from Market Perform citing increased confidence in GENZ's product portfolio, geographic and therapeutic diversification, improved outlook, and valuation.
OTHER UPGRADES:
- Sun Microsystems (NASDAQ: JAVA) was raised to Outperform from Market Perform at Wachovia.
- BearingPoint (NYSE: BE) was upgraded at Goldman to Neutral from Sell.
- Lehman upgraded Nexen (NYSE: NXY) to Overweight from Equal Weight.
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Reader Comments (Page 1 of 1)
5-17-2008 @ 5:10PM
Lee Tice said...
All the solar stocks seem like they are heading higher with solar growth in the world. Here is the target price for ESLR as listed on CNBC.com to go along with the Jefferies upgrade.
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ESLR Highlights
First Call expects -0.10 EPS for next quarter.
The current Price Target for ESLR is $14.24.