Analyst Upgrades
- Merriman upgraded Regal Entertainment (NYSE: RGC) to Buy from Neutral as the analyst is less concerned about Q2 box office performance following the Transformers 2 opening weekend.
- Baird upgraded Ball (NYSE: BLL) to Outperform from Neutral and raised its target to $52 from $46 citing cost cutting initiatives, a volume trough in Q1, and expected earnings growth.
- Morgan Stanley upgraded JCPenney (NYSE: JCP) to Overweight from Equal Weight. The firm cites valuation and gross margin opportunity for the upgrade. The firm has a $35 target on shares.
- KB Home (NYSE: KBH) was raised to Neutral from Underperform at Credit Suisse.
- Cognizant (NASDAQ: CTSH) was upgraded to Market Perform from Underperform at Wachovia.
- Lloyds Banking (NYSE: LYG) was upgraded to Conviction Buy from Neutral at Goldman.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
