ABG posts
FeedPosted Mar 19th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Nokia Corp. (NOK), Alcoa Inc (AA), Expedia Inc (EXPE), Analyst initiations
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Analyst upgrades:
- JP Morgan upgraded Alcoa (NYSE: AA) to Overweight from Neutral and added shares to its Focus List. The analyst said the equity offering and dividend cut provide enough "liquidity insurance" to make it through 2009 and now views risk/reward as attractive.
- Deutsche Bank upgraded Asbury Automotive (NYSE: ABG) to Buy from Hold as it finds the current valuation attractive and thinks the company's cost savings will drive upside in a recovery. The firm raised its target price to $7 from $5.50.
- Barclays upgraded Beckman Coulter (NYSE: BEC) to Overweight from Equal Weight. Following their healthcare conference and management meetings, the firm sees increased visibility into revenues.
- Waddell & Reed (NYSE: WDR) was raised to Buy from Neutral at Goldman.
- Nokia (NYSE: NOK) was upgraded to Outperform from Neutral at Credit Suisse.
- Brocade (NASDAQ: BRCD) was lifted to Outperform from Sector Perform at RBC Capital.
Continue reading Analyst upgrades, downgrades and initiations: AA, NOK, EXPE, MTB, CSC ...
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