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Analyst upgrades:

  • Jefferies upgraded shares of Safeway (NYSE: SWY) to Hold from Underperform on valuation as they believe the company's pricing pressure and sluggish sales trends are now priced in. The firm raised its target to $23.50 from $21.
  • Merrill upgraded Pfizer (NYSE: PFE) to Buy from Underperform citing attractive dividend yield and stabilizing businesses.
  • Banc of America upgraded shares of Apollo Group (NASDAQ: APOL) to Neutral from Sell and raised APOL's target to $60 from $48 on valuation as they see a balanced risk/reward at current levels.
  • Nucor (NYSE: NUE) was raised to Overweight from Equal Weight at Morgan Stanley.
  • Citrix Systems (NASDAQ: CTXS) and Symantec (NASDAQ: SYMC) were upgraded to Overweight from Neutral at JP Morgan.
  • Keefe Bruyette upgraded Jefferies Group (NYSE: JEF) and Bank of America (NYSE: BAC) to Market Perform from Underperform.

Analyst downgrades:

Continue reading Analyst calls: GM, F, BAC, PFE, APOL, SYMC . . .

Analyst calls: GM, F, BAC, PFE, APOL, SYMC . . . originally appeared on BloggingStocks on Wed, 08 Oct 2008 11:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>APOLATVIAUTHBACCPNCTXSDPSFGMHLSHSTJEFKWRMYGNNUEPFERHBRNWKSAYSTLDSWYSYMCWITXWed, 08 Oct 2008 11:50:00 EST