Analyst upgrades: WFR, C and SANM
Posted Jul 24th 2008 11:09AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Citigroup Inc. (C)
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MOST NOTEWORTHY: Memc Electronic, Citigroup and Sanmina were today's noteworthy upgrades:
- Citigroup upgraded shares of Memc Electronic (NYSE:WFR) to Buy from Hold on valuation as they believe the bad news is priced in following the company's quarter. The firm raised Memc's target to $65 from $64. JP Morgan upgraded shares to Overweight from Neutral on valuation.
- Morgan Stanley upgraded Citigroup (NYSE:C) to Equal Weight from Underweight based on asset sales, improved top-line, and dividend.
- Credit Suisse upgraded Sanmina (NASDAQ:SANM) to Outperform from Neutral citing valuation and margin traction. The firm raised Sanmina's target to $2.50 from $1.60. Cowen upgraded Sanmina to Outperform from Neutral following the Q3 report and guidance.
OTHER UPGRADES:
Tags: analyst upgrades, AnalystUpgrades, APD, C, inthenews, PPDI, SANM, SXL, WFR
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