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Continue reading Cramer on BloggingStocks: If we 'let it happen,' the center cannot hold

Cramer on BloggingStocks: If we 'let it happen,' the center cannot hold originally appeared on BloggingStocks on Thu, 26 Feb 2009 10:00:00 EST. Please see our terms for use of feeds.

• Deutsche Bank upgraded shares of Camden Property (NYSE: CPT) to Hold from Sell on valuation and believes the company has improved its liquidity position. Despite the upgrade, the firm lowered its target price to $21 from $25.
  
• Goldman added Best Buy (NYSE: BBY) to its Conviction Buy List as it is now the sole dominant retailer in consumer electronics and expects Best Buy's margins to benefit from Circuit City's demise.
  
• Molson Coors (NYSE: TAP) was upgraded to Overweight from Neutral at JP Morgan as it finds the valuation attractive and sees a number of long-term fundamental positive catalysts. The firm has a $47.50 target on shares.
• United Rentals (NYSE: URI) and Illinois Tool Works (NYSE: ITW) were upgraded to Buy from Neutral at UBS.
  
• ProLogis (NYSE: PLD) was upgraded to Buy from Neutral at Banc of America/Merrill.

• Oppenheimer downgraded Global Traffic Network (NASDAQ: GNET) to Perform from Outperform following the company's weaker than expected Q2 results and lowered its target price to $6.25 from $7.
  
• Friedman Billings downgraded BankAtlantic (NYSE: BBX) to Underperform from Market Perform to reflect the deterioration of both the company's credit and capital in Q4. The firm lowered its target price to $1 from $5.
  
• RBC Capital downgraded AbitibiBowater (NYSE: ABH) to Underperform from Sector Perform and lowered its target to 50 cents from $2.00 following the company's debt refinancing announcement.
• Lions Gate (NYSE: LGF) was cut to Market Weight from Overweight at Thomas Weisel.
  
• Ctrip.com (NASDAQ: CTRP) was downgraded at Goldman to Sell from Neutral.
  
• Molson Coors (NYSE: TAP) was downgraded to Neutral from Buy at Banc of America/Merrill.

• Oppenheimer initiated Chattem (NASDAQ: CHTT) with an Outperform rating and believes the company's business model is well suited for the current uncertain consumer environment. The firm has an $80 target on the stock.
• Freeport McMoRan (NYSE: FCX) was initiated at BMO Capital with a Market Perform rating and $30 target.
  
• Anglo American (NASDAQ: AAUK) was assumed with a Sell rating at Societe Generale.
  
• Yamana Gold (NYSE: AUY) was started at UBS with a Buy rating.

Analyst upgrades, downgrades and initiations: BBY, TAP, LGF, FCX, AUY ... originally appeared on BloggingStocks on Wed, 11 Feb 2009 11:42:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY

• UBS downgraded TDK Corp. (NYSE: TDK) to Reduce from Neutral after the company's operating profit missed estimates.

• Deutsche Bank cut Maguire Properties (NYSE: MPG) to Sell from Hold following the company's disappointing Q2 report.

• Sandler cut BankAtlantic Bancorp (NYSE: BBX) to Sell from Hold on valuation.

• Valuation and debt levels pushed Unterberg to downgrade ON Semiconductor (NASDAQ: ONNN) to Market Perform from Buy.

• William Blair downgraded shares of Amgen (NASDAQ: AMGN) to Market Perform from Outperform as they believe the CMS decision on ESA reimbursement guidelines is extremely restrictive regarding Aranesp use in oncology...

• Lyondell Chemical Co (NYSE: LYO) was downgraded to Equal Weight from Overweight.

• UBS cut FMC Technologies (NYSE: FTI) to Reduce from Neutral.

• Stanford downgraded MoSys (NASDAQ: MOSY) to Hold from Buy.

• Brean Murray downgraded SumTotal Systems (NASDAQ: SUMT) to Hold from Buy.

• Buckingham cut Cephalon (NASDAQ: CEPH) to Accumulate from Strong Buy.

Analyst downgrades 8-01-07: AMGN, CEPH, LYO and TDK originally appeared on BloggingStocks on Wed, 01 Aug 2007 11:34:00 EST. Please see our terms for use of feeds.