Old Second Bancorp posts
FeedPosted Oct 27th 2008 10:13AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, PepsiCo (PEP), U.S. Steel (X), Analyst initiations
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Analyst upgrades:
- PepsiCo (NYSE: PEP) was upgraded to Buy from Hold at Deutsche Bank.
- Fortress (NYSE: FIG) was upgraded at Citigroup to Hold from Sell.
- Prudential (NYSE: PUK) was lifted to Overweight from Neutral at JP Morgan.
- Keefe Bruyette upgraded Franklin Resources (NYSE: BEN) to Outperform from Market Perform and added shares to their Best Ideas List on valuation as they see an attractive risk/reward at current levels.
- UBS upgraded ASML Holding (NASDAQ: ASML) to Buy from Neutral on valuation as they believe the company remains a market leader.
- Oppenheimer raised Seattle Genetics (NASDAQ: SGEN) to Outperform from Perform on valuation following the recent weakness as they expect positive clinical news flow beginning in December.
Analyst downgrades:
- UBS downgraded U.S. Steel (NYSE: X) to Sell from Buy and lowered its target to $30 from $60 citing deteriorating U.S. conditions and concerns about the company's high fixed costs in a falling steel price environment.
- Royal Dutch Shell (NYSE: RDS.A) was downgraded to Underperform from Neutral at Credit Suisse.
- China Unicom (NYSE: CHU) was lowered to Underweight from Neutral at JP Morgan.
Continue reading Analyst calls: PEP, FIG, PUK, BEN, ASML, X, RDS.A, CHU, SVR ...
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