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Analyst upgrades, downgrades and initiations: AXP, CAT, BMY, GNK, TXCO ...

Analyst upgrades:
  • Societe Generale upgraded shares of Veolia Environment (NYSE: VE) to Buy from Hold as they believe the company's new finance chief implement additional cost savings.
  • Citigroup upgraded shares of Sun Healthcare (NASDAQ: SUNH) to Buy from Hold and added the stock to their Top Picks Live List as they believe the market is pricing in a more severe Medicaid and Medicare reimbursement outlook than is probable. The firm has a $14 target on the stock.
  • Calyon believes in 2010, American Express (NYSE: AXP) will have easy comps, reserve releases, and income statement leverage. The firm upgraded shares to Outperform from Underperform.
  • Societe Generale (OTC: SCGLY) was upgraded to Buy from Hold at Citigroup.
  • Caterpillar (NYSE: CAT) was raised to neutral from Sell at UBS.
  • Goldman upgraded Biogen Idec (NASDAQ: BIIB) to Buy from Neutral and added shares to the Conviction Buy List; Goldman also added Bristol-Myers (NYSE: BMY) to the Conviction Buy List.

Continue reading Analyst upgrades, downgrades and initiations: AXP, CAT, BMY, GNK, TXCO ...

Analyst calls: GE, AMZN, AXP, VZ, WFC, RTP ...

Analyst upgrades:

  • Citigroup upgraded Bristol-Myers (NYSE: BMY) to Buy from Hold. Citigroup upgraded shares on their belief the company has one of the best three year growth rates among peers.
  • Rio Tinto (NYSE: RTP) was upgraded to Buy from Underperform at Merrill Lynch. Merrill upgraded Rio Tinto following the company's debt repayment plan announcement.
  • Credit Suisse upgraded Societe Generale (OTC: SCGLY) to Outperform from Neutral. Credit Suisse upgraded shares on valuation.
  • Alberto-Culver (NYSE: ACV) was added to Conviction Buy List; maintain Buy at Goldman.
  • American States Water Co. (NYSE: AWR) was upgraded to Buy from Hold at Jesup & Lamont.
  • Hawaiian Electric (NYSE: HE) was upgraded to Outperform from Neutral at RW Baird.

Analyst downgrades:

Continue reading Analyst calls: GE, AMZN, AXP, VZ, WFC, RTP ...

Analyst upgrades: NOC, GDNNY and MELI

MOST NOTEWORTHY: Northrop Grumman, Groupe Danone and MercadoLibre were today's noteworthy upgrades:
  • Oppenheimer upgraded shares of Northrop Grumman (NYSE: NOC) to Outperform from Perform after the Pentagon selected the company over Boeing (NYSE: BA) for the newly designated KC-45A Aerial Refueling Tanker with a potential value of $35B.
  • Citigroup upgraded shares of Groupe Danone (OTC: GDNNY) to Buy from Hold on valuation, as they believe the sell-off on commodity cost concerns is overdone.
  • MercadoLibre (NASDAQ: MELI) was raised to Outperform from Sector Perform at RBC Capital, as they believe MELI's long-term thesis is more compelling now vs. six months ago and notes favorable reaction to Mercado Pago v2.0.
OTHER UPGRADES:

Analyst upgrades: PFE, DELL DGX and SCGLY

MOST NOTEWORTHY: Pfizer, Dell, Quest Diagnostics, and Societe Generale were today's noteworthy upgrades:
  • Lehman upgraded Pfizer (NYSE: PFE) to Equal Weight from Underweight on valuation.
  • Friedman Billings raised Dell (NASDAQ: DELL) to Outperform from Market Perform, citing expectations for improved margins next quarter, and valuation.
  • Quest Diagnostics (NYSE: DGX) was upgraded to Outperform from Neutral by Credit Suisse, which cited valuation.
  • Lehman upgraded shares of Societe Generale (OTC: SCGLY) to Overweight from Underweight to reflect a potential takeover by BNP Paribas and limited downside.
OTHER UPGRADES:

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 13, 2009: 02:43 AM

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