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MOST NOTEWORTHY: ExxonMobil, Susquehanna and BJ's Wholesale were today's noteworthy upgrades:
- Bernstein upgraded shares of ExxonMobil (NYSE: XOM) to Outperform from Market Perform to reflect the company's best of industry returns and high credit rating, which they feel makes for a safe investment in the current environment.
- Keefe Bruyette upgraded shares of Susquehanna (NASDAQ: SUSQ) to Market Perform from Underperform on valuation and believes the company is unlikely to have to raise capital.
- JP Morgan raised BJ's Wholesale (NYSE: BJ) to Overweight from Neutral citing improvement in the company's ability to convert free trial customers to paid members and strong June sales, which could result in EPS upside for Q2-Q4.
OTHER UPGRADES:
- J.M. Smucker (NYSE: SJM) was lifted to Buy from Hold at Deutsche Bank.
- France Telecom (NYSE: FTE) was upgraded to Overweight from Neutral at HSBC.
- Baird raised Fifth Third Bancorp (NASDAQ: FITB) to Outperform from Neutral.
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Reader Comments (Page 1 of 1)
7-02-2008 @ 2:33PM
speculator said...
I shop at BJ's it is the worst. Sam's and Costco are a lot better companies.
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