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Analyst upgrades: NSC, OMX and PQ

Posted Jul 10th 2008 11:31AM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Corning Inc (GLW), OfficeMax Inc (OMX), BP p.l.c. ADS (BP)


MOST NOTEWORTHY: Norfolk Southern, OfficeMax and PetroQuest Energy were today's noteworthy upgrades:
  • JP Morgan upgraded Norfolk Southern (NYSE:NSC) to Overweight from Neutral based on leverage to export coal and the tighter truckload market.
  • Credit Suisse upgraded OfficeMax (NYSE:OMX) to Outperform from Neutral citing the company's clean balance sheet, positive cash flow, and limited downside.
  • UBS upgraded PetroQuest Energy (NYSE:PQ) to Buy from Neutral citing valuation and production catalysts. The company's target was raised to $30 from $25.
OTHER UPGRADES:
  • Piper Jaffray (NYSE:PJC) was upgraded to Market Weight from Underweight at Thomas Weisel.
  • Corning(NYSE:GLW) was upgraded at Merrill to Buy from Neutral.
  • HSBC lifted BP Plc (NYSE:BP) to Overweight from Neutral.
  • Calgon Carbon (NYSE:CCC) was raised to Hold from Sell at Morgan Joseph.

Tags: analyst upgrades, AnalystUpgrades, BP, CCC, GLW, NSC, OMX, PJC, PQ

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Last updated: February 13, 2012: 08:20 AM

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