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FeedPosted May 20th 2009 10:30AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Home Depot (HD), McDonald's (MCD), Netflix, Inc. (NFLX), Nokia Corp. (NOK), Colgate-Palmolive (CL), Procter and Gamble (PG), Lowe's Cos (LOW), BP p.l.c. ADS (BP), Analyst initiations
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Analyst upgrades:
- Barclays believes Procter & Gamble's (NYSE: PG) portfolio mix provides better leverage to stabilizing macro trends. The firm upgraded shares to Overweight from Equal weight and raised its target to $60 from $56. Note the firm downgraded Colgate (NYSE: CL) to Equal Weight from Overweight.
- Deutsche Bank upgraded McDonald's (NYSE: MCD) to Buy from Hold as it finds the risk/reward on shares compelling at current levels and sees upcoming catalysts from McCafe and easing commodity pressures. The firm raised its target price to $65 from $60.
- FBR Capital upgraded Talbots (NYSE: TLB) to Outperform from Market Perform to reflect an attractive risk/reward, reduced risk of a bankruptcy, and merchandise improvements. The firm raised its target price to $4 from $2.
- Nokia (NYSE: NOK) was upgraded to Buy from Hold at Deutsche Bank.
- Analog Devices (NYSE: ADI) was upgraded to Neutral from Underperform at Baird.
Continue reading Analyst upgrades, downgrades and initiations: PG, MCD, TLB, CL, JTX, HD, IPCM, MYRG and NFLX
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