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Analyst Upgrades
- Wachovia upgraded Choice Hotels (NYSE: CHH) to Outperform from Market Perform based on its high margin franchise, valuation, and brand acquisition opportunities, among other reasons.
- Canaccord upgraded Freeport McMoRan (NYSE: FCX) to Buy from Speculative Buy based on asset and management quality, size, and liquidity, and view as a potential hedge against inflation and U.S. dollar weakness.
- Cowen upgraded Amazon.com (NASDAQ: AMZN) to Outperform from Neutral. The firm expects Amazon to gain more of the consumer wallet as it focuses on lower prices and a superior shopping experience vs. online and offline competitors.
- Ctrip.com (NASDAQ: CTRP) was upgraded to Buy from Neutral at Nomura.
- FedEx (NYSE: FDX) was upgraded to Overweight from Equal Weight at Barclays.
- Marathon Oil (NYSE: MRO) was upgraded to Neutral from Sell at Goldman.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
