Analyst upgrades, downgrades and initiations
Posted Jul 31st 2008 11:46AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, RadioShack Corp (RSH), Analyst Initiations, Calif Pizza Kitchen (CPKI)
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Analyst upgrades:
- Merrill upgraded Schering-Plough (NYSE: SGP) to Buy from Neutral citing the company's better near-term pipeline outlook with two potential blockbusters to be approved over the next year. Schering-Plough's target was raised to $23 from $20.
- Morgan Stanley lifted RadioShack (NYSE: RSH) and Texas Roadhouse (NASDAQ: TXRH) to Equal Weight from Underweight.
Analyst downgrades:
- Jefferies downgraded shares of Hologic (NASDAQ: HOLX) to Hold from Buy as they see limited near-term catalysts after the company reported a Q3 miss and lowered top-line guidance for FY08. The firm lowered their target to $24 from $28.
- Baird downgraded California Pizza (NASDAQ: CPKI) to Neutral from Outperform as they see limited near-term upside given the uncertain 2H08/2009 outlook. The company's target was lowered to $15 from $17.
- JP Morgan downgraded Jones Lang LaSalle (NYSE: JLL) and CB Richard Ellis (NYSE: CBG) to Neutral from Overweight due to the continued challenging economic environment.
Analyst initiations:
- BC Capital initiated Dollar Financial(NYSE: DLLR) with an Outperform rating and $24 target. The firm likes Dollar's geographically diversified business and valuation.
Tags: analyst downgrades, analyst initiations, analyst reports, analyst upgrades, AnalystDowngrades, AnalystInitiations, AnalystReports, AnalystUpgrades, CBG, CPKI, DLLR, HOLX, JLL, RSH, SGo, TXRH
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