MelcoCrown posts
FeedPosted May 21st 2009 11:10AM by Laurie Pasternack (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Target Corp. (TGT), Campbell Soup (CPB), CIGNA Corp (CI), Safeway Inc (SWY), Analyst Initiations, Gilead Sciences (GILD), Freep't McMoRan Copper (FCX), Suntech Power Hldgs ADS (STP)
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Analyst upgrades:
- UBS upgraded Target (NYSE: TGT) to Buy from Neutral and raised its price target to $52 from $45 citing reduced inventories, some credit stability, and an improved back-to-school period.
- Credit Suisse said concerns regarding Safeway's (NYSE: SWY) price position are overblown and that earnings risk is limited. The firm upgraded shares to Outperform from Neutral and raised the target price to $25 from $22.
- Oppenheimer upgraded Canadian Solar (NASDAQ: CSIQ) to Outperform from Perform as it believes the story is underappreciated following the recent sector rally. The firm has a $14 price target on the stock.
- CME Group (NASDAQ: CME) was upgraded to buy from Neutral at Goldman.
- Freeport McMoRan (NYSE: FCX) was upgraded to Overweight from Neutral at JP Morgan.
- Gilead Sciences (NASDAQ: GILD) was upgraded to Buy from Neutral at FTN Equity.
Continue reading Analyst upgrades, downgrades and initiations: TGT, SWY, CSIQ, HOTT, MPEL, RIO, CPB, CVD and HGG
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