PRSC posts
FeedPosted Mar 31st 2009 11:10AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Google (GOOG), Aetna Inc (AET), Alcoa Inc (AA), Analyst Initiations, Freep't McMoRan Copper (FCX), Time Warner Cable (TWC)
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Analyst upgrades:
- Merriman upgraded shares of Google (NASDAQ: GOOG) to Buy from Neutral after its channel checks indicated a modest increase in ad spend per client in March. The upgrade is based on early indications that search pricing and ad spend are stabilizing, search volume continuing to grow at a double-digit rate, and Merriman's belief that consensus estimates are now at reasonable levels.
- Deutsche Bank upgraded shares of Alcoa (NYSE: AA) to Hold from Sell and raised its price target to $8 from $7.30 following the company's asset sales in March as it believes the financial overhang on the stock has been removed.
- Suntrust said Providence Service (NASDAQ: PRSC) has returned to profitability through demand stabilization for social services and cost controls. Shares were upgraded to Buy from Neutral.
- Telmex (NYSE: TMX) was upgraded to Neutral from Undeperform at Credit Suisse.
- Deutsche Telekom (NYSE: DT) was raised to Market Perform from Underperform at Bernstein.
- Autodesk (NASDAQ: ADSK) was lifted to Neutral from Sell at UBS.
Continue reading Analyst upgrades, downgrades and initiations: GOOG, AA, FCX, SJM, TWC ...
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