Analyst calls: ANN, CSUN, BBT, CVC, VRGY, CME ...
Posted Aug 25th 2008 11:56AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, BB and T (BBT), Chicago Merc Exch Hld'A' (CME), Analyst initiations
Analyst upgrades:
- Citigroup raised Ann Taylor (NYSE: ANN) to Hold from Sell. The firm upgraded shares following the company's Q2 upside and believes guidance for the second half of 2008 is appropriately conservative.
- Jefferies upgraded China Sunergy (NASDAQ: CSUN) based on valuation,and improved liquidity and silicon supply outlook.
- Stephens upgraded infoUSA (NASDAQ: IUSA) shares to Overweight from Equal Weight to reflect the stock's valuation, new management, improvements in expense controls and the potential to become a takeover target.
- Citigroup raised BB&T (NYSE: BBT) to Buy from Hold.
- Stifel upgraded Leggett & Platt (NYSE: LEG) to Buy from Hold.
Analyst downgrades:
- Citigroup downgraded Cablevision (NYSE: CVC) to Sell from Buy as they do not expect the company's structural moves to unlock value.
- Wachovia dropped Knight Transportation (NYSE: KNX) to Market Perform from Outperform based on valuation.
Analyst initiations:
- Exco Resources (NYSE: XCO) was initiated with an Outperform by RBC Capital, which is positive on Exco's valuation and potential upside from its shale gas acreage The firm has a target of $43 on the shares.
- Merrill Lynch initiated HCP Inc. (NYSE: HCP) with a Neutral rating.
- CME Group (NYSE: CME) was started with an Equal Weight rating by Lehman.
- JMP Securities started Limelight Networks (NASDAQ: LLNW) with a Market Perform and target of $5.
Tags: ann, bbt, cme, csun, cvc, hcp, inthenews, iusa, kids, knx, leg, llnw, sti, vrgy, wern, xco
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