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Analyst upgrades: SYMC, CFNL and BP

Posted Jun 30th 2008 1:15PM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, BP p.l.c. ADS (BP), Alcatel-LucentADS (ALU), Activision Inc (ATVI), Symantec Corp (SYMC), Teva Pharm Indus ADR (TEVA)


MOST NOTEWORTHY: Symantec, Cardinal Financial and BP Plc were today's noteworthy upgrades:
  • ThinkPanmure upgraded Symantec (NASDAQ:SYMC) to Buy from Accumulate based on improved execution, stable growth in core business, and ramping competitive position in some high-growth businesses.
  • Baird upgraded Cardinal Financial (NASDAQ:CFNL) to Outperform from Neutral based on valuation, the company's favorable credit risk profile in Northern Virginia, and its excess capital position.
  • Societe Generale raised BP Plc (NYSE: BP) to Hold from Sell as it believes the bad news is priced into shares and earnings could be better than expected.
OTHER UPGRADES:

Tags: alu, analyst, bp, cnfl, hun, symc, teva, upgrade

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