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Analyst calls: CRM, COT, EOG, MRVL, MNST, COMV, V

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Analyst upgrades:
  • Citigroup upgraded shares of Salesforce.com (NYSE: CRM) to Buy from Hold on valuation following the recent weakness and expects positive seasonality in the second half of 2008.
  • Gilat Satellite (NASDAQ: GILT) was upgraded to Outperform from Market Perform at William Blair on valuation.
  • Cott Corp (NYSE: COT) was raised at UBS to Neutral from Sell.
  • EOG Resources (NYSE: EOG) was upgraded to Market Perform from Underperform at Bernstein.
  • Integra LifeSciencues (NASDAQ: IART) was raised to Buy from Hold at Argus.
Analyst downgrades:
  • Jefferies downgraded shares of Marvell Tech (NASDAQ: MRVL) to Hold from Buy on HDD inventory concerns and share loss at Research in Motion (NASDAQ: RIMM) after checks indicated MRVL likely lost the design for the RIM Javelin to Freescale. The firm lowered their target to $15 from $22.
  • Oppenheimer downgraded Integrated Device (NASDAQ: IDTI) to Perform from Outperform as they believe the upcoming Intel (NASDAQ: INTC) server memory transition will pressure shares for several quarters.
  • Broadpoint downgraded shares of Healthaways (NASDAQ: HWAY) to Neutral from Buy as they see few near-term catalysts.
Analyst initiations:
  • B. Riley believes Monster (NASDAQ: MNST) shares have significant upside potential once signs of an economic recovery are seen, possibly in FY09. The firm initiated shares with a Buy rating and $26 target.
  • Comverge (NASDAQ: COMV) was assumed at Jefferies with a Buy rating and $10 target. The firm believes shares are trading below fair value and could see upside from new contract wins.
  • William Blair believes Visa (NYSE: V) will benefit from positive industry trends and expense rationalization opportunities as it integrates its global franchise. Shares were initiated with an Outperform rating.
  • Liberty Global (NASDAQ: LBTYA) was started at Citigroup with a Buy rating and $44 target.
Symbol Lookup
IndexesChangePrice
DJIA+132.7910,450.95
NASDAQ+29.972,176.01
S&P 500+14.861,106.24

Last updated: November 24, 2009: 05:54 AM

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