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Analyst upgrades:

  • Deutsche Bank upgraded ConocoPhillips (NYSE: COP) to Buy from Hold on expectations that oil supply will begin to tighten and demand rise. The firm has a $55 price target on the stock.
  • Citigroup upgraded Pinnacle West (NYSE: PNW) to Buy from Hold and added the stock to its Top Picks Live list. The firm expects the company's settlement in Arizona to be approved and raised its target on shares to $35 from $32.
  • RBC Capital upgraded NetApp (NASDAQ: NTAP) to Outperform from Sector Perform as it believes that the company is performing better than expected during its October quarter. The firm expects the company to continue to execute well during subsequent quarters and it raised its target to $33.
  • Wells Fargo (NYSE: WFC) was upgraded to Buy from Neutral at Goldman.
  • PetSmart (NASDAQ: PETM) was upgraded to Buy from Neutral at Janney Montgomery.
  • General Dynamics (NYSE: GD) was upgraded to Overweight from Equal Weight at Morgan Stanley.

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Analyst upgrades, downgrades and initiations: AMD, GD, COP, MT, TIVO, WFC ... originally appeared on BloggingStocks on Mon, 05 Oct 2009 12:00:00 EST. Please see our terms for use of feeds.

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