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Analyst Upgrades

  • B. Riley upgraded Prosperity Bancshares (PRSP) to buy from neutral after the company acquired 19 Texas branches of Missouri-based First Bank. The firm has a $45 price target on shares.
  • JPMorgan upgraded Fortinet (FTNT) to overweight from neutral on valuation following the recent pullback in shares. The firm has a $20 price target on the stock.
  • Wells Fargo upgraded Lamar Advertising (LAMR) to outperform from market perform. The firm believes the stock's risk/reward ratio is compelling, as its checks indicate that advertising continues to accelerate in Q1.
  • Caterpillar (CAT) was upgraded to overweight from underweight at Morgan Stanley.
  • SAP AG (SAP) was upgraded to market perform from underperform at FBR Capital.
  • BioMarin (BMRN) was raised to buy from hold at Roth Capital.

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Analyst Upgrades, Downgrades and Initiations: CAT, ERTS, FTNT, GME, PRSP, SAP, TWX ... originally appeared on BloggingStocks on Tue, 09 Feb 2010 11:20:00 EST. Please see our terms for use of feeds.

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