Analyst upgrades: K, OCR, KO and OXPS

Posted Jun 10th 2008 11:33AM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades, Coca-Cola (KO), Kellogg Co (K)

MOST NOTEWORTHY: Omnicare, Coca-Cola and OptionXpress were today's noteworthy upgrades:

Oppenheimer upgraded Omnicare (NYSE: OCR) to Outperform from Perform citing their analysis that indicates the Rx market is stronger than expected in the LTC channel, which is largely overlooked by investors due to the legacy focus on beds. The firm expects solid Q2 results will increase confidence in the company's ability to achieve mid-point or better EPS guidance.
Deutsche upgraded Coca-Cola (NYSE: KO) to Buy from Hold based on favorable currency impact, international growth, and valuation.
OptionXpress (NASDAQ: OXPS) was raised at Merriman to Neutral from Sell as they see little downside to risk estimates, following several rounds of cuts, and valuation.

OTHER UPGRADES:

Fresh Del Monte (NYSE: FDP) was upgraded to Outperform from Market Perform at Wachovia.
JP Morgan upgraded Kellogg (NYSE: K) to Overweight from Neutral.
Delta Petroleum (NASDAQ: DPTR) and St. Mary Land & Exploration (NYSE: SM) were upgraded at Merrill to Buy from Underperform.

Tags: dptr, fdp, k, ko, ocr, oxps, sm

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Reader Comments (Page 1 of 1)

6-10-2008 @ 11:48AM

speculator said...

KO will probably go high, but you have to be careful because we are in recession and the SP 500 is going to lower at the end of the year.
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