• Barclays upgraded Spectra Energy (NYSE: SE) to Overweight from Equal Weight. The firm believes Spectra's valuation is attractive and that the dividend is secure.
• Soleil upgraded Sunoco (NYSE: SUN) to Buy from Hold on valuation following the recent pullback and maintains a $45 target on the stock.
  
• Friedman Billings upgraded O'Reilly Automotive (NASDAQ: ORLY) to Outperform from Underperform on valuation and the company's better than expected sales and earnings acceleration. The firm has a $38 target on the stock.
• Royal Caribbean (NYSE: RCL) was removed from Goldman's Conviction Sell List.
  
• Intercontinental Hotels (NYSE: IHG) was raised to Buy from Hold at Jefferies.
  
• Valspar (NYSE: VAL) was lifted to Neutral from Underweight at JP Morgan.

Continue reading Analyst upgrades, downgrades and initiations: SUN, DAI, BDX, ITRN ...

Analyst upgrades, downgrades and initiations: SUN, DAI, BDX, ITRN ... originally appeared on BloggingStocks on Tue, 24 Feb 2009 11:30:00 EST. Please see our terms for use of feeds.

Solarfun Power (NASDAQ: SOLF) Up 10% on move higher for entire solar sector.

Ituran Location (NASDAQ: ITRN) Shares moving up almost 4% on share repurchase announcement.

Liz Claiborne (NYSE: LIZ) Falling 3.5%, probably on news of overall weak holiday retail sales.

Target (NYSE: TGT) Trading down 3.4% on announcement of poor December.

Douglas A. McIntyre is an editor at 247wallst.com.

Pre-market movers: TGT, LIZ, SOLF, ITRN originally appeared on BloggingStocks on Wed, 26 Dec 2007 08:22:00 EST. Please see our terms for use of feeds.