Analyst upgrades, downgrades and initiations: AAPL, APC, CAB, DE, HOV, MVL ...

Posted Sep 3rd 2009 11:30AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Apple Inc (AAPL), Analyst Initiations, Deere and Co (DE), Marvel Entertainment (MVL)

Analyst upgrades:

FBR Capital upgraded Anadarko Petroleum (NYSE: APC) to Outperform from Market Perform to reflect upcoming catalysts and the company's opportunity in subsalt. FBR raised its target on shares to $60 from $50.
Citigroup upgraded Marvel (NYSE: MVL) to Hold from Sell on expectations the acquisition by Disney (NYSE: DIS) will close. The firm raised its target on shares to $50 from $31.
JPMorgan upgraded Cubic (NYSE: CUB) to Overweight from Neutral on expectations the company will benefit from the Vix ERG acquisition and increased sales visibility. The firm raised its target on shares to $43 from $38.
Siemens (NYSE: SI) was upgraded to Outperform from Market Perform at Bernstein.
Deutsche Telekom (NYSE: DT) was upgraded to Neutral from Underperform at Credit Suisse.
Thompson Creek (NYSE: TC) was upgraded to Sector Outperformer from Sector Performer at CIBC.

Analyst downgrades:

Stephens downgraded Cabela's (NYSE: CAB) to Equal Weight from Overweight to reflect slowing gun sales and tougher upcoming comps. The firm has a $17 target on the stock.
JPMorgan downgraded Deere (NYSE: DE) to Underweight from Neutral to reflect weakening agriculture fundamentals in the U.S. and tougher upcoming comps. The firm has a $39 price target on shares.
Credit Suisse downgraded Hovnanian (NYSE: HOV) to Underperform from Neutral. The firm cites eroding equity value from the company's write-downs and operating losses for the downgrade.
eHealth (NASDAQ: EHTH) was downgraded to Hold from Buy at Argus.
Harmony Gold (NYSE: HMY) was downgraded to Underweight from Neutral at JPMorgan.

Analyst initiations:

Piper Jaffray expects Nanometrics (NASDAQ: NANO) to outperform its semiconductor capital equipment peers given the company's broadening product portfolio and growing market share. The firm started shares with an Overweight rating and $9.50 target.
Wunderlich believes Williams Clayton Energy (NASDAQ: CWEI) can increase cash flow given the company's exploration prospects and oil-focused developmental drilling. Shares were assumed with a Buy rating and $35 target.
William Blair initiated Apple (NASDAQ: AAPL) with an Outperform rating after the close Wednesday. The firm believes Apple is "converting a new generation to its product," which should drive continued share gains in computers and smartphones.
Abercrombie & Fitch (NYSE: ANF) was initiated with a Market Perform rating at Raymond James.
Anixter (NYSE: AXE) was initiated with an Outperform rating at Morgan Keegan.
FMC Technologies (NYSE: FTI) was initiated with a Market Perform rating at BMO Capital.

Tags: AAPL, analyst downgrades, ANF, APC, Apple, AXE, CAB, CUB, CWEI, DE, Deere, DIS, Disney, DT, EHTH, FTI, HMY, HOV, Marvel, MVL, NANO, SI, TC, upgrades

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Reader Comments (Page 1 of 1)

9-03-2009 @ 11:47AM

A. Marshall said...

Screw all of these frauds, liers, and cheats.........the stock market is dead and has been for some time now. Only manipulations, lies, and false misrepresentations have artificially held the stock market to where it is. Our country is broke and our leaders are trying to calm us as the ship sinks. Please, don't be fooled by all the deception being perpetrated upon us.