Analyst upgrades: FISV, ARB and APC

Posted May 16th 2008 11:33AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Wal-Mart (WMT), Kroger Co (KR), Anadarko Petroleum (APC)

MOST NOTEWORTHY: Fiserv, Arbitron and Anadarko Petroleum were today's noteworthy upgrades:

JMP Securities upgraded Fiserv (NASDAQ: FISV) to Outperform from Market Perform citing a reversal of the Bank of America in-house risk, potential re-branding initiatives, and relative pricing stability.
Bear upgraded Arbitron (NYSE: ARB) to Outperform from Peer Perform citing PPM earnings growth potential, strong industry position, defensive nature of shares, and it views the company as an acquisition target.
Lehman raised Anadarko Petroleum (NYSE: APC) to Overweight from Equal Weight citing relative valuation and strong U.S. gas exposure.

OTHER UPGRADES:

Goldman added Wal-Mart (NYSE: WMT) to its Conviction Buy List.
Morgan Stanley lifted Kroger (NYSE: KR) and British American Tobacco (ASE: BTI) to Overweight from Equal Weight.

Tags: anadarko, analyst, apc, arb, arbitron, british american tobacco, BritishAmericanTobacco, bti, fiserv, fisv, kr, kroger, upgrade, wal-mart, wmt

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Reader Comments (Page 1 of 1)

5-16-2008 @ 12:22PM

William L. partain said...

IMHO Lehman missed the correct oil company reccomendation by a mile!!! Devon Energy has got more going for it than APA, APC, CHK, or any of the other companies..i.e largest gas production company in U.S., 90 % of oil and gas production is in U.S. and Canada. But is in a very attractive E and P position in Azerbijan, Brazil, and China. Analysts are predicting the share price will reach $ 150 by year's end. I started buying their shares back when they were in the mid to upper $ 40s. Have done well and highly reccomend the stock for all who want to make $$$. Regards..William Partain