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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)

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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Last updated: August 30, 2008: 08:50 AM

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