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.
- 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.
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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