- Goldman upgraded Republic Services (RSG) to buy from neutral and raised its price target to $34 from $32. The firm cites valuation for the upgrade.
- Deutsche Bank upgraded MeadWestvaco (MWV) to buy from hold due to valuation and keeps a $29 price target for shares.
- UBS upgraded Symantec (SYMC) to buy from neutral.
- Lloyds Banking (LYG) upgraded to add from neutral at WestLB.
- Ternium (TX) was upgraded to overweight from equal weight at Barclays.
FFG posts
FeedAnalyst Calls: GLW, KSU, LYG, MFE, MWV, RIMM, RSG, RY, SRCL, SYMC ...
Continue reading Analyst Calls: GLW, KSU, LYG, MFE, MWV, RIMM, RSG, RY, SRCL, SYMC ...
Analyst upgrades, downgrades and initiations: LNC, AZN, APOL, PNRA ...
Analyst upgrades:- Banc of America/Merrill upgraded Lincoln National (NYSE: LNC) to Buy from Underperform and raised its target to $17 from $10 citing expectations that the company will "qualify for and accept TARP funding."
- Credit Suisse upgraded AU Optronics (NYSE: AUO) to Outperform from Neutral as it believes inventory levels are low end demand is better than expected.
- JP Morgan upgraded Shaw Group (NYSE: SGR) to Overweight from Neutral. The firm views the recent pullback in shares as a buying opportunity given the company's attractive nuke position and expected ramp in government spending.
- Patterson-UTI Energy (NASDAQ: PTEN) was upgraded to Buy from Neutral at Goldman.
- Barrick Gold (NYSE: ABX) was raised to Overweight from Market Weight at Thomas Weisel.
- Stryker (NYSE: SYK) was lifted to Sector Perform from Underperform at RBC Capital.
Continue reading Analyst upgrades, downgrades and initiations: LNC, AZN, APOL, PNRA ...
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