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Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Analyst upgrades:
  • American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
  • RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
  • Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
  • Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
  • Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
  • Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.
  • China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.

Continue reading Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Market highlights for next week: TGT to report monthly sales, BBBY to report Q2

Monday September 24
Tuesday September 25
Wednesday September 26
Thursday September 27
Friday September 28

Upgrade summary 7-03-07: AVP, BOBJ, CAL and TRMP

MOST NOTEWORTHY: Siemens AG (SI), Business Objects (BOBJ), Continental Airlines (CAL), Lawson Software (LWSN) and Trump Entertainment Resorts, Inc (TRMP) were today's noteworthy upgrades:
  • Lehman upgraded shares of Siemens AG (NYSE: SI) to Overweight from Neutral reflect the potential major portfolio reorganization over the next few years as well as the strong momentum in the group.
  • UBS upgraded shares of Business Objects (NASDAQ: BOBJ) to Buy from Neutral to reflect easy compares in Q2 and signs of improving underlying European demand.
  • Soleil upgraded Continental (NYSE: CAL) to Buy from Hold as they believe better-than-expected June consolidated revenue growth suggests strong enough revenue momentum to offset above-average domestic capacity growth affecting its important Newark hub.
  • Matrix upgraded Lawson Software (NASDAQ: LWSN) to Sell from Strong Sell to reflect increasing revenues from software licenses.
  • Brean Murray upgraded shares of Trump Entertainment (NASDAQ: TRMP) to Buy from Hold citing recent share weakness, improving trends, potential monetization of excess real estate and the use of the Trump brand outside of Atlantic City...
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 02:19 PM

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