Analyst upgrades:
- B. Riley upgraded Finish Line (NASDAQ: FINL) to Buy from Neutral to reflect the potential for improving trends in second half of 2009. The firm raised its target on shares to $10.50 from $9.
- Merriman upgraded OptionXpress (NASDAQ: OXPS) to Neutral from Sell following the company's better than expected Q2 results. The firm notes higher commissions per trade more than offset weak DARTs and the decline in customer additions in the quarter.
- RBC Capital upgraded Gardner Denver (NYSE: GDI) to Outperform from Sector Perform and raised its target to $34 from $28 citing the additional scale of restructuring, better tone to end-markets, and few downside catalysts. Baird upgraded Gardner Denver to Outperform from Neutral and raised its target to $35 from $32 based on a bottom in fundamentals and compelling valuation.
- BE Aerospace (NASDAQ: BEAV) was upgraded to Outperform from Market Perform at FBR Capital.
- Shire (NASDAQ: SHPGY) was upgraded to Perform from Underperform at Oppenheimer.
- UnitedHealth (NYSE: UNH) was upgraded to Outperform from Neutral at Credit Suisse.
Analyst downgrades:
- Deutsche Bank downgraded Autodesk (NASDAQ: ADSK) to Hold from Buy on valuation, seeing a balanced risk/reward at current levels. The firm lowered its target on shares to $24 from $25.
- B. Riley downgraded National Penn Bancshares (NASDAQ: NPBC) to Neutral from Buy following the company's Q2 results. The firm has a $4.50 target on the stock.
- Barclays downgraded Boeing (NYSE: BA) to Equal Weight from Overweight and lowered its target to $46 from $60 based on delays in the 787.
- Exelon (NYSE: EXC) was downgraded to Market Perform from Outperform at Wells Fargo.
- Thompson Creek (NYSE: TC) was downgraded to Sector Underperformer at CIBC.
- Catalyst Health Solutions (NASDAQ: CHSI) was downgraded to Hold from Buy at BB&T.
Analyst initiations:
- Citigroup believes Western Union's (NYSE: WU) EPS growth could top expectations and that downside is limited at current valuation levels. Shares were started with a Buy rating and $22 target.
- Genworth (NYSE: GNW) was initiated with a Hold rating and $40 target at Sandler O'Neill.
- Exelon (NYSE: EXC) was reinstated with an Equal Weight rating and $61 target at Barclays.
- NetApp (NASDAQ: NTAP) coverage was resumed with an Equal Weight rating at Morgan Stanley.
- Seneca Foods (NASDAQ: SENEA) was initiated with an Overweight rating and $30 target at Piper Jaffray.
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Reader Comments (Page 1 of 1)
9-26-2009 @ 3:13PM
adnanawadallah said...
Western Union will fall , and will fall sharply .
Wait for the news from the court case in Italy , and for the declaration from Brussels about the Investigations against Western Union in the European Union .