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Analyst Upgrades

  • Barclays upgraded Anglo American (NASDAQ: AAUK) to Overweight from Equal Weight based on a potentially higher bid from Xstrata (OTC: XSRAY) or a white night willing to pay a premium for the group, higher copper prices, and improving operating performance.
  • Janney Montgomery upgraded Chiquita Brands (NYSE: CQB) to Buy from Neutral citing improved bagged salad margins, strong free cash flow, solid banana trends, and valuation. The firm has a $13 target on the stock.
  • Wunderlich upgraded Legacy Reserves (NASDAQ: LGCY) to Buy from Hold due to the firm's belief that the back of the crude board is still very cheap, the firm's increased distribution outlook, and the movement of the stock after the discontinuation of the company's talks with Apollo.
  • Deutsche Bank (NYSE: DB) was upgraded to Buy from Neutral at UBS.
  • UBS (NYSE: UBS) was upgraded to Outperform from Neutral at Credit Suisse.
  • Illinois Tool Works (NYSE: ITW) was upgraded to Outperform from Market Perform at Wachovia.

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Analyst upgrades, downgrades and initiations: DB, CAT, MMM, NKE, UBS ... originally appeared on BloggingStocks on Fri, 26 Jun 2009 12:00:00 EST. Please see our terms for use of feeds.

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