IX Posts -- BloggingStocks

IX posts

Analyst upgrades: ABX, BNS, WMT, GOLD, IX, LQDT

MOST NOTEWORTHY: Barrick Gold, Bank of Nova Scotia and Wal-Mart were today's noteworthy upgrades:

CIBC upgraded Barrick Gold (NYSE: ABX) to Sector Outperformer from Sector Performer based on stronger 2H08 production.
RBC Capital upgraded Bank of Nova Scotia (NYSE: BNS) to Sector Perform from Underperform citing expectations for benign credit deterioration near-term, retail momentum, and asset growth in international banking.
Morgan Keegan upgraded Wal-Mart (NYSE: WMT) to Outperform from Market Perform based on improving productivity and earnings outlook.

OTHER UPGRADES:

Rangold Resources (NASDAQ: GOLD) was upgraded at HSBC to Overweight from Neutral.
Goldman raised ORIX Corp (NYSE: IX) to Neutral from Sell.
Liquidity Services (NASDAQ: LQDT) was upgraded at Pacific Crest to Sector Perform from Underperform.

MOST NOTEWORTHY: FBR Capital Markets, Altus Pharmaceuticals and Energias de Portugal were today's noteworthy downgrades:

Jefferies downgraded shares of FBR Capital Markets (NASDAQ: FBCM) to Hold from Buy and lowered their target to $9 from $14 as they believe the company's investment banking activity will continue to be limited due to the current market conditions for capital raising.
Wachovia downgraded shares of Altus Pharmaceuticals (NASDAQ: ALTU) to Market Perform from Outperform following Genentech's (NYSE: DNA) return of all North American marketing rights to ALTU-238.
Energias de Portugal (OTC: EDPFY) was lowered to Hold from Buy at Citigroup, as they see no valuation catalysts in the near-term.

OTHER DOWNGRADES:

JP Morgan removed Teekay LNG (NYSE: TGP) from its Focus List.
Goldman downgraded ORIX Corp. (NYSE: IX) to Neutral from Buy.
Friedman Billings downgraded VeraSun Energy (NYSE: VSE) to Market Perform from Outperform.

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