RatingsChange posts
FeedPosted Feb 2nd 2007 10:48AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Microsoft (MSFT), Amazon.com (AMZN), Electronic Arts (ERTS)
MOST NOTEWORTHY: Amazon.com Inc (AMZN) and Microsoft Corp (MSFT) were today's most notable upgrades:
- Piper Jaffray upgraded Amazon.com Inc (NASDAQ: AMZN) to Market Perform from Underperform, with a $36 target, to reflect the company's strong revenue growth; however, they still consider up-side limited from here.
- Bank of America upgraded Microsoft Corp (NASDAQ: MSFT) to Buy from Neutral, with a $35 target, as they believe the company's growth outlook is solid and that 2008 consensus could be conservative.
OTHER UPGRADES:
- Following the company's solid Q3 report, Electronic Arts Inc (NASDAQ: ERTS) was upgraded by Deutsche Bank to Hold from Sell, with a $50 target, and to Buy from Hold at Needham, with a $60 target.
- Citigroup upgraded Raytheon Co (NYSE: RTN) to Buy from Neutral, with a $60 target, to reflect the company's above-industry growth and low valuation.
- Wachovia upgraded Dominion Resources Inc (NYSE: D) from Market Perform to Outperform. The firm said their estimates have been too conservative.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jan 16th 2007 10:56AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, , Sirius Satellite Radio (SIRI), Nokia Corp. (NOK), FedEx Corp (FDX), Abercrombie and Fitch (ANF), YRC Worldwide (YRCW)
MOST NOTEWORTHY: Nokia Corp (NOK), Sirius Satellite Radio (SIRI) and XM Satellite Radio Holdings (XMSR) topped today's list of upgrades.
- Goldman Sachs upgraded shares of Nokia Corp ADS (NYSE: NOK) to Buy from Neutral and added the company to their Conviction Buy List. Goldman believes Nokia's profit cycle has bottomed and shares could rebound from current levels. In addition, the broker expects Nokia to report solid fourth-quarter earnings.
- JP Morgan upgraded Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio Holdings 'A' (NASDAQ: XMSR) to Overweight from Neutral as they believe retail and competition fears are largely understood and that both companies will grow subscribers due to deals with automakers.
OTHER UPGRADES:
- Wachovia upgraded YRC Worldwide (NASDAQ: YRCW) to Outperform to Market Perform citing the trucker's recent realignment actions in its regional and long-haul LTL's, the timing cycle to buy trucking stocks and valuation.
- JP Morgan upgraded shares of FedEx Corp (NYSE: FDX) to Overweight from Neutral, citing valuation.
- Prudential upgraded Abercrombie & Fitch Co 'A' (NYSE: ANF) to Overweight from Neutral and raised their target to $89 from $66, citing valuation and easier comps.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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