- Wells Fargo upgraded Norfolk Southern (NSC) to outperform from market perform following the company's Q1 results.
- RBC Capital transferred coverage on Gildan Activewear (GIL) with an outperform from sector perform. The firm is positive on Gildan's low-cost producer strategy and free cash flow generation. The firm raised its target to $35 from $26.
- Wunderlich upgraded Delphi Financial (DFG) to buy from hold following the company's Q1 results and raised its target for shares to $31 from $29.
- Aflac (AFL) was upgraded to buy from neutral at Sterne Agee.
- Time Warner (TWX) was upgraded to outperform from neutral at Cowen.
- Pride International (PDE) was upgraded to outperform from neutral at Credit Suisse.
Analyst Downgrades
- Credit Suisse downgraded Ford (F) to underperform from neutral. The firm, which has a $10 price target on the stock, downgraded shares based on valuation and questions how long such high profitability is sustainable.
- Piper Jaffray downgraded DaVita (DVA) to neutral from overweight on valuation following the company's Q1 results. The firm has a $66 price target for shares. Shares were also downgraded to hold from buy at Jefferies with a $69 price target.
- Jefferies downgraded Phase Forward (PFWD) to hold from buy after Oracle (ORCL) agreed to acquire the company.
- Dell (DELL) was downgraded to neutral from buy at UBS.
- Buffalo Wild Wings (BWLD) was downgraded to perform from outperform at Oppenheimer.
- Motorola (MOT) was downgraded to sector perform from outperform at RBC Capital.
Analyst Initiations
- Deutsche Bank started Progress Energy (PGN) with a hold rating and $39 target.
- Citigroup initiated Telephone and Data Systems (TDS) with a hold rating and $42 target.
- ThinkEquity assumed PSS World Medical (PSSI) with a hold rating and $25 target.
- Rue21 (RUE) was initiated at Jefferies with a hold rating and $35 target.
- Exceed Co (EDS) Was initiated with a buy rating and $13 target at Morgan Joseph.
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Reader Comments (Page 1 of 1)
4-28-2010 @ 11:11AM
flash1939 said...
Credit Suisse is crazy I wonder what the their analyists are on???? They are already putting up the tombstone for Americas success!!!! The real people screwing the market right now are all the short traders who found a legal way to control the market in an underhanded way!!! Wall Street better wake up and realize that after this most recent manipulation they are driving out of the market the few investors that are still in it!!! Sachs is the biggest debacracy I have seen for a while!!! The hearings to date show how our own government is in bed with all the underhanded stealing of American wealth in history!!!! How much more before the average American says enough is enough and marches on Washington!!!!