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Analyst upgrades: POT, CSG and ZRAN

MOST NOTEWORTHY: Potash, Cadbury Schweppes and Zoran were today's noteworthy upgrades:
  • Citigroup upgraded shares of Potash (NYSE: POT) to Buy from Hold and raised its target to $178 from $141 to reflect their expectation for a more bullish outcome from the ongoing China Potash contract negotiations.
  • Cadbury Schweppes (NYSE: CSG) was raised to Overweight from Neutral at JP Morgan to reflect the company's takeout potential and cash returns.
  • Oppenheimer raised its rating on Zoran (NASDAQ: ZRAN) to Outperform from Perform on valuation, as they believe the recent weakness is overdone.
OTHER UPGRADES:
  • Pep Boys (NYSE: PBY) was upgraded to Market Weight from Underweight at Thomas Weisel.
  • JMP Securities upgraded Actuate (NASDAQ: ACTU) to Strong Buy from Outperform.
  • Goldman raised Broadcom (NASDAQ: BRCM) to Buy from Neutral.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 07:47 AM

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