AOL Money & Finance

Analyst upgrades, downgrades and initiations: ALU, AMED, BIIB, CP, NZ, TWX ...

Posted Aug 26th 2009 11:30AM by Eric BuscemiEric Buscemi RSS Feed
Filed under: Analyst reports, Analyst upgrades and downgrades, Time Warner (TWX), Analyst initiations

More

Analyst upgrades:

  • Natixis expects Alcatel-Lucent's (NYSE: ALU) results to improve in 2H09, driven by the CDMA segment and completion of Lucent integration. Shares were upgraded to Buy from Reduce.
  • RBC Capital upgraded Canadian Pacific (NYSE: CP) to Outperform from Sector Perform and raised its target to $67 from $49. The firm expects a return to "normalized" operating environment driven by Potash and MetCoal.
  • Credit Suisse upgraded Affiliated Managers Group (NYSE: AMG) to Outperform from Neutral and raised its target to $69 from $64. The firm cites valuation, potential upside from 2H09 deals, and expectations for positive 2H09 flows for the upgrade.
  • Kennametal (NYSE: KMT) coverage was assumed with a Neutral from Underweight at JPMorgan.
  • Cardinal Financial (NASDAQ: CFNL) was upgraded to Outperform from Neutral at Baird.
  • General Maritime (NYSE: GMR) was upgraded to Outperform from Market Perform at FBR Capital.

Analyst downgrades:

  • Canaccord downgraded Netezza (NYSE: NZ) to Hold from Buy citing valuation and risk to the October quarter. The firm has a $9 target on the stock.
  • UBS downgraded Amedisys (NASDAQ: AMED) to Neutral from Buy on valuation. The firm has a $46 target on the stock.
  • American Woodmark (NASDAQ: AMWD) was downgraded to Underperform from Neutral at Baird.
  • On Track Innovations (NASDAQ: OTIV) was downgraded to Hold from Buy at Feltl.

Analyst initiations:

  • Time Warner (NYSE: TWX) was initiated with an Outperform rating at Wells Fargo.
  • Time Warner Cable (NYSE: TWC) was started at JPMorgan with an Overweight rating and $45 target.
  • Citigroup initiated Fiserv (NASDAQ: FISV) with a Buy rating and $57 target. Citigroup believes that Fiserv could grow its EPS in the low to mid teen percentage level over the long-term, leading to "commensurate stock performance.
  • Biogen Idec (NASDAQ: BIIB) was initiated with a Market Perform rating at William Blair.
  • HealthSouth (NYSE: HLS) was initiated with an Outperform rating and $20 target at Baird.

Tags: ALU, AMED, AMG, AMWD, analyst downgrades, BIIB, CFNL, CP, FISV, GMR, HLS, initiations, KMT, NZ, OTIV, Time Warner, TWC, TWX, upgrades

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 07:36 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

  • My Portfolio
  • Create a New Portfolio

BloggingStocks Partners

More from AOL Money & Finance

WalletPop Headlines