Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Posted Oct 19th 2009 12:50PM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Estee Lauder (EL), Caterpillar (CAT), Halliburton (HAL), American Express (AXP), Federal Natl Mtge (FNM), Mattel, Inc (MAT), Southwest Airlines (LUV), Analyst Initiations, Deere and Co (DE), Marvell Technology Group (MRVL)

Analyst upgrades:

American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.
China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.

Analyst downgrades:

Mattel (NASDAQ:MAT) was downgraded to Hold from Buy by Morgan Joseph based on valuation.
First Solar (NASDAQ:FSLR) was downgraded to Neutral from Outperform by Macquarie, which said First Solar's 2010 growth is limited due to due to lack of expansion plans. Target to $161 from $170.
Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) were dropped to Underperform from Market Perform by Keefe Bruyette on worries both equities could become worthless after the companies are recapitalized.
Southwest (NYSE:LUV) was downgraded to Underweight from Neutral by JP Morgan.
Accenture (NYSE:ACN) was dropped to Neutral from Buy by UBS.
UBS downgraded Amdocs (NYSE:DOX) to Neutral from Buy.
BofA/Merrill dropped Par Pharmaceutical (NYSE:PRX) to Neutral from Buy.

Analyst initiations:

Caterpillar (NYSE:CAT) was initiated with an Outperform by RBC Capital. Target $65.
Marvell Technology (NASDAQ:MRVL) was initiated with a Buy rating at Citigroup, which believes Marvell has above average industry growth and is in the early stages of cyclical recovery for the semiconductor industry. Target $21.
CareFusion (NYSE:CFN) was initiated with a Market Perform rating at Leerink, which believes CareFusion's current valuation reflects its growth prospects.
Joy Global (NASDAQ:JOYG) was started with an Outperform rating at RBC Capital. Target $60.
Sonoco Products NYSE:SON) was initiated with a Buy rating at DA Davidson.
Deere (NYSE:DE) was initiated with a Sector Perform rating at RBC Capital.
First Financial (NASDAQ:FFCH) was initiated with an Outperform rating at Keefe Bruyette.

Tags: acn, axp, caas, cat, cfn, de, dks, dox, el, ffch, fnm, fre, hal, joyg, luv, marvl, mat, prx, sohu, son, spwra

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Reader Comments (Page 1 of 1)

10-19-2009 @ 1:25PM

andysmarine4 said...

LUV If you don't like this airline ,then you shoud find one you like,this way you could be a good person!!! I think it is the best airline going. So quit talking about it!!!!!!! .Also no shorts allowed. Andy