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MOST NOTEWORTHY: Morgan Stanley, RWE AG and Applied Signal were today's noteworthy upgrades:
- HSBC upgraded shares of Morgan Stanley (NYSE: MS) to Overweight from Neutral on valuation as it believes the stock is oversold based on fundamentals.
- Societe Generale raised RWE AG (OTC: RWEOY) to Buy from Hold as it believes the company will benefit from the proposed shutdown of its nuclear power stations.
- Friedman Billings believes Applied Signal's (NASDAQ: APSG) strategy will drive shareholder value and that there is limited downside to shares at current valuation. Shares were upgraded to Outperform from Market Perform and the target was increased to $19 from $16.
OTHER UPGRADES:
- Jacobs Engineering (NYSE: JEC) was upgraded to Outperform from Market Perform at Friedman Billings. Shares were also added to Goldman's Conviction Buy List and Industrials Favorite Growth List.
- Goldman also added Qualcomm (NASDAQ: QCOM) to the Conviction Buy List.
- Carrizo Oil & Gas (NASDAQ: CRZO) was raised to Outperform from Market Perform at Wachovia.
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Reader Comments (Page 1 of 1)
7-11-2008 @ 1:04PM
speculator said...
Stay away from consumer stocks. Consumer stocks are going to have a hard time over the next couple years. There will be less demand, because of declining consumer spending.
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