Analyst upgrades, downgrades and initiations
Posted Aug 22nd 2008 11:08AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Analyst Initiations
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Analyst upgrades:
- JMP Securities upgraded Salesforce.com (NYSE: CRM) to Outperform from Market Perform based on valuation.
- Goldman Sachs upgraded Chico's (NYSE: CHS) to Neutral from Sell based on valuation.
- Blue Coat (NASDAQ: BCSI) was raised to Hold from Sell by Brean Murray.
Analyst downgrades:
- UBS dropped Burger King (NYSE: BKC) to Neutral from Buy due to the company's slowing sales trends and commodity pressure.
- Las Vegas Sands (NYSE: LVS) was downgraded to Sell from Neutral by Banc of America based on valuation.
- Pacific Sunwear (NASDAQ: PSUN) was downgraded to Neutral from Outperform by Baird, which cited the company's Q2 results and reduced guidance.
Analyst initiations:
- UBS initiated O'Reilly (NASDAQ: ORLY) with a Buy because they are positive on its recent CSK Auto acquisition and its valuation.
- Baird started Amedisys (NASDAQ: AMED) with an Outperform because they view the recent pullback in the shares as a compelling entry point.
Tags: AMED, BCSI, BKC, CHIC, CRM, LVS, ORLY, PSUN
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