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Analyst upgrades:

  • Goldman upgraded Aeropostale (ARO) to neutral from sell. The firm, which has a $34 target on the stock, cites the recent sell-off in shares for the upgrade.
  • Janney Montgomery upgraded Consolidated Water (CWCO) to buy from neutral on valuation and on expectations the company's earnings will recover in 2010. The firm has a $15 target on the stock.
  • Wunderlich upgraded Transmontaigne Partners (TLP) to buy from hold on valuation as it believes the sell-off on the company's Q3 results is overdone. The firm keeps a $26.50 price target on the stock.
  • Mobile TeleSystems (MBT) was upgraded to buy from neutral at UBS.
  • HSBC (HBC) was raised to buy from hold at Societe Generale.
  • Redwood Trust (RWT) was upgraded to outperform from market perform at JMP Securities.

Continue reading Analyst upgrades, downgrades and initiations: ARO, AZN, BNI, BRCD, HBC, MRK, TIF ...

Analyst upgrades, downgrades and initiations: ARO, AZN, BNI, BRCD, HBC, MRK, TIF ... originally appeared on BloggingStocks on Thu, 12 Nov 2009 11:00:00 EST. Please see our terms for use of feeds.

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