Analyst calls: FLR, ANN, HSY, BEAT ...
Posted Aug 18th 2008 11:41AM by Eric Buscemi
Filed under: Analyst upgrades and downgrades, Hershey Co (HSY), Analyst initiations
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Analyst upgrades:
- Stanford raised Fluor (NYSE: FLR) to Hold from Sell primarily due to valuation.
- Citigroup upgraded Cadence Designs (NASDAQ: CDNS) to Buy from Hold because they think the company's cost restructuring initiative and its new CFO will be catalysts for the shares.
Analyst downgrades:
- Stephens dropped Ann Taylor (NYSE: ANN) to Equal Weight from Overweight because they no longer view LOFT as a compelling reason to invest in the company.
- Citigroup downgraded Hershey (NYSE: HSY) to Hold from Buy on valuation.
- KeyBanc dropped Lennox (NYSE: LII) to Hold from Buy on valuation.
Analyst initiations:
- Coverage of Hershey was assumed with a Sell by Stifel, which cited valuation for its rating.
- FARO Technology (NASDAQ: FARO) was initiated by Needham with a Buy rating.
- Leerink Swann resumed coverage of Cardionet (NASDAQ: BEAT) with an Outperform, as the firm predicts that the company's technolgoy will enable it to grow substantially.
Tags: ann, beat, cdns, faro, flr, hsy, inthenews, lii
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