MOST NOTEWORTHY: Jabil Circuit, Aircastle, Genesis Lease and P.F. Chang's were today's noteworthy downgrades:

• JP Morgan downgraded shares of Jabil Circuit (NYSE: JBL) to Underweight from Overweight following the lower-than-expected guidance, as they believe the company is seeing end market weakness in most of its markets. Shares were also downgraded at Thomas Weisel to Market Weight from Overweight and at Credit Suisse to Neutral from Outperform following the disappointing guidance.
  
• JP Morgan also downgraded shares of Aircastle (NYSE: AYR) and Genesis Lease (GLS) to Neutral from Overweight to reflect the continued credit and equity market challenges faced by both companies.
  
• Friedman Billings downgraded shares of P.F. Chang's (NASDAQ: PFCB) to Underperform from Market Perform as they believe 2008 will be a challenging year for all casual dining restaurant companies and that the valuation is expensive at current levels.

OTHER DOWNGRADES:

• Goldman added Foundation Coal (NYSE: FCL) to its Conviction Sell List.
  
• Collins Stewart cut SiRF Technology (NASDAQ: SIRF) to Hold from Buy.
  
• Elan Corp (NYSE: ELN) was downgraded to Sell from Hold at Canaccord Adams.

Analyst downgrades: Jabil Circuit, Aircastle, Genesis Lease, P.F. Chang's originally appeared on BloggingStocks on Wed, 26 Mar 2008 11:54:00 EST. Please see our terms for use of feeds.

After hitting a one-year low of $52.18 in April, the stock hit a one-year high of $125.68 in October. This morning, GRMN opened at $59.49. So far today the stock has hit a low of $57.70 and a high of $59.97. As of 12:15, GRMN is trading at $59.78, down $2.60 (-4.2%). The chart for GRMN looks bearish but deteriorating, while S&P gives the stock its highest 5 STARS (out of 5) strong buy rating.

For a bearish hedged play on this stock, I would consider a May bear-call credit spread above the $75 range. A bear-call credit spread is an options position that combines the purchase and sale of call options to hedge risk in case the stock doesn't do what you think but still leverage nice returns. For this particular trade, we will make an 8.7% return in two months as long as GRMN is below $75 at May expiration. Garmin would have to rise by more than 24% before we would start to lose money.

Continue reading Garmin (GRMN) falls on SIRF forecast

Garmin (GRMN) falls on SIRF forecast originally appeared on BloggingStocks on Tue, 25 Mar 2008 13:48:00 EST. Please see our terms for use of feeds.

The earnings crunch continues, and here are a few of the highlights of this past week's earnings coverage from BloggingStocks:

• Alcatel-Lucent (NYSE: ALU) posted its biggest quarterly loss since its creation in 2006.
• Archer Daniels Midland Co. (NYSE: ADM) missed earnings estimates despite revenue up 50%.
• Biogen Idec Inc. (NASDAQ: BIIB) fourth-quarter profit soared on strong sales of Avonex and Tysabri.
• Chevron Corp. (NYSE: CVX) reported record profits due to surging oil prices.
• CNET Networks Inc. (NASDAQ: CNET) revenue rose but the forecast was not encouraging.
• Data Domain Inc. (NASDAQ: DDUP) third-quarter revenues spiked due to aggressive overseas expansion.
• Elizabeth Arden Inc. (NASDAQ: RDEN) benefitted from overseas growth, which offset weak holiday sales.
• GlaxoSmithKline (NYSE: GSK) warned that 2008 earnings would be affected by competition from generics.
• Harris Corp. (NYSE: HRS) beat estimates and raised its guidance.
• Micros Systems (NASDAQ: MCRS) beat expectations and offered guidance in line with estimates.
• News Corp. (NYSE: NWS) fell short of earnings expectations despite strength in MySpace and Fox News.
• PepsiCo Inc. (NYSE: PEP) results met estimates and it announced further share buybacks.
• Polo Ralph Lauren Corp. (NYSE: RL) beat estimates and raised its guidance.
• SiRF Technology Holdings Inc. (NASDAQ: SIRF) missed expectations due to a seasonal decline.
• Toll Brothers Inc. (NYSE: TOL) expects to report its seventh straight quarterly revenue decline.
• Toyota Motor Corp. (NYSE: TM) attributed solid earnings to growth in China, Russia, emerging markets.
• Wendy's International Inc. (NYSE: WEN) missed earnings estimates, despite beating revenue forecast.
• Western Union Co. (NYSE: WU) posted results just ahead of Wall Street estimates.
• Yum! Brands (NYSE: YUM) posted solid results on overseas growth and share buybacks.

Continue reading Earnings highlights: PepsiCo, Toyota, News Corp., ADM, Toll Bros. and others

Earnings highlights: PepsiCo, Toyota, News Corp., ADM, Toll Bros. and others originally appeared on BloggingStocks on Sat, 09 Feb 2008 15:10:00 EST. Please see our terms for use of feeds.

Continue reading Garmin (GRMN) way lower on poor SIRF earnings

Garmin (GRMN) way lower on poor SIRF earnings originally appeared on BloggingStocks on Tue, 05 Feb 2008 11:29:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Banc of America downgraded shares of Yahoo! (NASDAQ: YHOO) to Neutral from Buy as they believe that even if shareholders accept Microsoft's (NASDAQ: MSFT) offer, the regulatory hurdles are significant.
• Oppenheimer downgraded shares of Goldman Sachs (NYSE: GS) to Perform from Outperform as they believe the current valuation is not sustainable in a year when the company will probably deliver results that will not be substantially better than peers.
• Jefferies lowered its rating on Bankrate (NASDAQ: RATE) to Hold from Buy on valuation, as they believe the run-up in shares reflects expectations for strong Q4 results and guidance.

• SiRF Technology (NASDAQ: SIRF) was downgraded to Hold from Buy at Jefferies, to Market Weight from Overweight at Thomas Weisel and to Perform from Outperform at Oppenheimer.
• Goldman downgraded Posco (NYSE: PKX) to Sell from Neutral.
• Baird downgraded Associated Bancorp (NASDAQ: ASBC) to Neutral from Buy.

Analyst downgrades: YHOO, GS and RATE originally appeared on BloggingStocks on Tue, 05 Feb 2008 10:19:00 EST. Please see our terms for use of feeds.

SiRF Tech (NASDAQ: SIRF) is recently down $6.41 to $9.86 in pre-open trading.

Soleil says: "Weak Q4 results & Q1 guidance; lowering to Hold; Best outcome a takeout." Bank of America says: "Material degradation to the earnings power implies further downside risk to the stock."

SIRF develops and markets semiconductor and software products designed to enable location-awareness.

SIRF overall option implied volatility of 73 is above its 26-week average of 59 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Option update 2-5-08: SiRF Tech volatility elevated originally appeared on BloggingStocks on Tue, 05 Feb 2008 09:10:00 EST. Please see our terms for use of feeds.

Continue reading Before the bell: YUM, BSX, KBH, PHM, POT, SIRF ...

Before the bell: YUM, BSX, KBH, PHM, POT, SIRF ... originally appeared on BloggingStocks on Tue, 05 Feb 2008 08:25:00 EST. Please see our terms for use of feeds.

Standard Pacific (NYSE: SPF) is up 22% on better-than-expected earnings.

Illumina (NASDAQ: ILMN) is trading higher by 8% on improved guidance.

SiRF Technology (NASDAQ: SIRF) is off 42% on disappointing earnings.

VCA Antech (NASDAQ: WOOF) is down 22% on a weak earnings forecast.

Stocks may trade differently in the pre-market than they do in the regular session.

Douglas A. McIntyre is an editor at 247wallst.com.

Pre-market movers: SIRF, SPF, ILMN ... originally appeared on BloggingStocks on Tue, 05 Feb 2008 08:24:00 EST. Please see our terms for use of feeds.

Yahoo! (NASDAQ:YHOO) was cut to "neutral" from "buy" at Bank of America of American Securities according to MarketWatch.

Oppenheimer downgrades Goldman Sachs (NYSE:GS) to "perform" from "out perform" according to Briefing.com. The news service also reports that Jefferies downgraded SiRF Technology (NASDAQ:SIRF) to 'hold" from "buy".

Barnes & Noble (NYSE:BKS) was downgraded to "neutral" at JPMorgan according to 24/7 Wall St.

Douglas A. McIntyre

Early analyst calls (GS) (YHOO) originally appeared on BloggingStocks on Tue, 05 Feb 2008 07:24:00 EST. Please see our terms for use of feeds.

Of all the conveniences made possible by semiconductor technology, the ability to find out just where we are is among the most intriguing. There is an outfit in San Jose, California that allows widely-owned electronic devices to incorporate "Portable Location Awareness."

SiRF Technology Holdings (NASDAQ: SIRF) provides global positioning system chip sets with embedded GPS software, for use in mobile consumer products and commercial applications. The firm's devices allow manufacturers to add navigation, mapping and tracking capabilities to their mobile phones, automotive electronic systems, personal digital assistants, notebook computers, recreational GPS handhelds and digital cameras. Garmin (NASDAQ: GRMN) is a leading customer.

The company pleased the Street last week, when it reported Q3 EPS of 29 cents and revenues of $91.2 million. Analysts had been looking for 22 cents and $85.7 million. Management also guided Q4 EPS to 31-33 cents (26 cent consensus), Q4 revenues to $99-$102 million ($98.3M consensus) and FY07 revenues to $328-$331 million ($321.83M consensus). RBC Capital Markets, Deutsche Securities, Dougherty & Company, Lehman Brothers and Stanford Research all subsequently reiterated "buy" ratings on the issue. The news popped SIRF shares into a bullish "flag" consolidation pattern. Stocks frequently exit flags moving in the same direction they were traveling on entry. In this case, that would be to the upside.

Altogether, brokers recommend the shares with nine "strong buys," nine "buys" and four "holds." Analysts see a 30% average annual growth rate, through the next five years. The SIRF Price to Book ratio (3.23), Sales Growth rate (43.24%) and EPS Growth rate (222.22%) compare favorably with industry, sector and S&P 500 averages. Institutional investors hold about 95% of the outstanding shares. Over the past 52 weeks, the stock has traded between $16.20 and $34.15. A stop-loss of $23.50 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

SiRF Technology Holdings (SIRF): Locate the bullish 'flag' originally appeared on BloggingStocks on Tue, 06 Nov 2007 16:15:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Nollenberger initiated shares of Gander Mountain Company (NASDAQ: GMTN) with a Sell rating and $5.00 target, and believes the company's goal of reaching profitability in 2007 could prove overly optimistic.
  
• Lev Pharmaceuticals (OTC: LEVP) was initiated with a Sector Outperformer rating and $3 target at CIBC, as the firm believes Cinryze will likely be approved in 1Q08 and they expect the company to have significant pricing leverage.
  
• JP Morgan resumed coverage of Intermune Inc (NASDAQ: ITMN) with an Overweight rating and expects shares to be driven by the company's pipeline in IPF and HCV.
  
• Aetna Incorporated (NYSE: AET) was initiated with an Outperform rating at Wachovia. The firm feels Aetna is positioned for better growth and higher quality earnings than its peers.
  
• William Blair started shares of Medco Health Solutions Inc (NYSE: MHS) with an Outperform rating, as they believe an aging population, rising health care costs, and an acceleration in new product introductions should increase demand for PBM services over the next five years.

• ABN Amro started shares of Siliconware Precision Industries Company Ltd (NASDAQ: SPIL) and Advanced Semiconductor Engineering Inc (NYSE: ASX) with Buy ratings.
  
• Goldman initiated Silicon Image Inc (NASDAQ: SIMG) with a Sell rating and $4.50 target, and initiated Sigma Designs Inc (NASDAQ: SIGM) and SiRF Technology Holdings Inc (NASDAQ: SIRF) with Neutral ratings and a $43 target and $19 target, respectively.

Analyst initiations: GMTN, LEVP, ITMN, AET and MHS originally appeared on BloggingStocks on Thu, 27 Sep 2007 11:10:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Rochdale upgraded shares of Wal-Mart Stores (NYSE: WMT) to Buy from Hold citing improved outlook for margins and ROIC.
• CIBC World Markets resumed coverage and upgraded shares of Magna International (NYSE: MGA) to Sector Outperformer from Sector Performer as they believe higher multiples are warranted due to the company's improving earnings power and cash flow generation.
  
• Oppenheimer upgraded shares of EchoStar Communications (NASDAQ: DISH) to Buy from Neutral as they believe recent events add $4-$6 per share to their valuation analysis.
  
• Westell Technologies (NASDAQ: WSTL) was upgraded to Outperform from Neutral at Baird. The firm believes Westell is taking the right steps to improve its market position and financial performance.
  
• Credit Suisse upgraded SiRF Technology Holdings (NASDAQ: SIRF) to Outperform from Neutral, expecting the stock to benefit from a strong holiday season at electronic retailers.

• Goldman upgraded Campbell Soup Company (NYSE: CPB) to Neutral from Sell and Emerson Electric (NYSE: EMR) to Buy from Neutral.
  
• Keefe Bruyette upgraded Oriental Financial Group (NYSE: OFG) to Outperform from Market Perform.
  
• Prudential plc (NYSE: PUK) was raised to Outperform from Peer Perform.
  
• Wachovia upgraded Kindred Healthcare Inc (NYSE: KND) to Market Perform from Underperform.

Analyst upgrades: WMT, MGA, DISH, WSTL and SIRF originally appeared on BloggingStocks on Thu, 27 Sep 2007 10:52:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Wachovia believes Assurant (NYSE: AIZ) is a unique opportunity to profit from mortgage market turmoil through its force-placed homeowners business, initiating shares with an Outperform rating.

• Nollenberger initiated Famous Dave's (NASDAQ: DAVE) with a Buy rating and expects to see accelerated earnings growth over the next few years driven by: continued rollout of it's new "Smokehouse" unit format, growth of the off-premise catering and to-go business, and ramp in new development.

• Keybanc is positive on Trinity Industries' (NYSE: TRN) diversified product portfolio, market-leading positions, and long-term end market fundamentals, starting shares with an Aggressive Buy rating.

• Banc of America initiated Spartan Stores (NASDAQ: SPTN) with a Buy and believes the company should benefit from the roll-up of independent retail assets and the move toward a customer-centric operating model.

• Banc of America believes rising competitive pressures in PNDs will lead to significant market share erosion in 2008 and started SiRF Technology (NASDAQ: SIRF) with a Neutral rating...

• Wachovia initiated Dice Holdings (NYSE: DHX) with an Outperform rating.

• Stifel initiated Bancshares of Florida (NASDAQ: BOFL) and TIB Financial (NASDAQ: TIBB) with Hold ratings.

• Nollenberger initiated Morton's Restaurant (NYSE: MRT) with a Buy rating.

• Ceradyne (NASDAQ: CRDN) was initiated with a Hold rating at Morgan Joseph.

Analyst initiations 8-23-07: AIZ, CRDN, DAVE and MRT originally appeared on BloggingStocks on Thu, 23 Aug 2007 10:50:00 EST. Please see our terms for use of feeds.

• Garmin Limited (NASDAQ: GRMN): Garmin is a worldwide provider of navigation and information devices, many of which are enabled by global positioning system technology. Last week, Garmin International announced the nuvi 200W and the nuvi 250W, two new widescreen GPS navigators. With a 4.3-inch color touch screen display and a high-sensitivity internal GPS antenna, the question is, can it trump whatever Apple does?

• Trimble Navigation Limited (NASDAQ: TRMB): Trimble provides advanced positioning product solutions, typically to commercial and government users. Last month it received an $8.8M purchase order from the U.S. Marine Corps and signed an agreement with Cox Communications. How formidable a competitor would Apple be?

• SiRF Technology Holdings Inc (NASDAQ: SiRF): SiRF is a supplier of GPS semiconductor solutions, offering a wide-range of GPS chip sets and other products for high-volume markets. Earlier this month, the company announced SiRFDiRect technology, what they touted as a "navigation breakthrough." Could Apple steal their thunder?

Apple reportedly developing navigation device originally appeared on BloggingStocks on Mon, 18 Jun 2007 12:14:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Brean Murray started shares of Coldwater Creek (NASDAQ: CWTR) with a Buy rating and $25 target, expecting second-half upside from new merchandise this year.

• Keybanc is positive on Celadon's (NASDAQ: CLDN) disciplined approach to strategic acquisitions and leverage in its operating model, starting shares with a Buy rating and $20 target.

• CRT Capital believes Berry Petroleum (NYSE: BRY) has the ability to continue to deliver double digit percentage production/reserves growth and started shares with a Buy rating and $40 target.

• American Technology believes SiRF Technology Holdings (NASDAQ: SIRF) will continue to be a market leader in GPS chipsets and finds the company's wireless business undervalued, starting shares with a Buy rating and $26 target...

• Javelin Pharmaceuticals Inc (AMEX: JAV) was initiated with an Outperform rating at Leerink Swann.

• UBS started Arris Group, Inc (NASDAQ: ARRS) with a Buy rating and $18 target.

• Publicis Groupe (NYSE: PUB) was started with a Buy rating at ING.

• Thomas Weisel initiated shares of Ambassadors International (NASDAQ: AMIE) with an Overweight rating and $41 target. Baird started

• Capella Education Co (NASDAQ: CPLA) with an Outperform rating and $46 target.

Analyst initiations 5-21-07: ARRS, CWTR, PUB and SIRF originally appeared on BloggingStocks on Mon, 21 May 2007 11:12:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Thomas Weisel started Chico's FAS (NYSE: CHS) with a Market Weight rating and $26 target citing near-term mix pressure, lower margin potential and lower square footage growth.

• Thomas Weisel also initiated shares of Cache, Inc (NASDAQ: CACH) with an Overweight rating and $21 target, citing a significant sales opportunity driven by new categories and demographics.

• AG Edwards believes the risk/reward for JP Morgan & Chase Co (NYSE: JPM) is balanced, assuming coverage with a Hold rating.

• Lehman resumed coverage of National City Corp (NYSE: NCC) with an Overweight rating and $41 target...

• Montgomery & Co initiated SiRF Technology Holdings Inc (NASDAQ: SIRF) with a Buy rating and $32 target.

• Merriman initiated shares of Aware, Inc (NASDAQ: AWRE) with a Buy rating.

• Xinhua Finance Media Ltd (NASDAQ: XFML) was started with a Buy rating at W.R. Hambrecht.

• Matrix USA initiated shares of Florida East Coast Industries Inc (NYSE: FLA) with a Strong Sell rating.

Analyst initiations 5-01-07: CACH, CHS, JPM and SIRF originally appeared on BloggingStocks on Tue, 01 May 2007 11:19:00 EST. Please see our terms for use of feeds.

Of all the conveniences made possible by semiconductor technology, the ability to find out just where we are is among the most intriguing. There is an outfit in San Jose, California that allows widely-owned electronic devices to incorporate "Portable Location Awareness".

SiRF Technology Holdings (NASDAQ:SIRF) provides global positioning system chip sets with embedded GPS software, for use in mobile consumer products and commercial applications. The firm's devices allow manufacturers to add navigation, mapping and tracking capabilities to their mobile phones, automotive electronic systems, personal digital assistants, notebook computers, recreational GPS handhelds and digital cameras. SiRF has expanded its offerings, through an agreement with Conexant Systems (NASDAQ:CNXT).

The company pleased the Street last week, when it reported Q4 EPS of 28 cents and revenues of $74.2 million. Analysts had been looking for 25 cents and $69.9 million. A 55.3 percent gross margin also topped the Street expectation (54.4%). Further, management guided Q1 EPS to 20-23 cents (20 cent consensus), Q1 revenues to $65-$68 million ($65.03M consensus) and FY07 revenues to $320-$330 million ($305.4M consensus). The CEO said the company enjoyed record revenue, shipment and operating income levels in Q4 and was carrying a strong order backlog into Q1. The news popped SIRF shares past 50-day, 90-day and 200-day moving average resistance into a bullish "flag" consolidation pattern. Stocks frequently exit flags moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Continue reading SiRF Technology Holdings: Making it hard to get lost

SiRF Technology Holdings: Making it hard to get lost originally appeared on BloggingStocks on Mon, 05 Feb 2007 05:53:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Goldman Sachs views the cable & satellite sector favorably and was positive on cable given expectations for multi-year ROIC expansion. Comcast Corp 'A' (NASDAQ: CMCSA) was given a Buy rating from a Neutral and is Goldman's top pick. Cablevision Systems 'A' (NYSE: CVC) and EchoStar Comm (NASDAQ: DISH) were both rated Neutral.

• Broadcom Corp 'A' (NASDAQ: BRCM) was initiated with a Buy rating and $15 target at Webush; the firm believes Broadcom still has ramping product cycles to drive growth and also feels revenues are likely to accelerate on a year-over-year basis beginning in June 2007.

• Leerink Swann initiated Hansen Medical (NASDAQ: HNSN) with an Outperform rating and $17 target, noting their survey showed significant interest in remote navigation by EPs.

• RBC Capital Markets initiated SiRF Technology Holdings (NASDAQ: SIRF) with an Outperform rating and $34 target, positive on SiRF Tech given its strong market growth driven by a significant increase in the GPS attach rate, slower erosion in the company's dominant market share and improving margins.

• Wedbush initiated shares of Marvell Technology Group (NASDAQ: MRVL) with a Hold rating and $20 target, as the firm finds shares fully-valued relative to the company's 2007 and 2008 earnings power.

Analyst initiation 1-4-07: Cable & satellite viewed favorably at Goldman originally appeared on BloggingStocks on Thu, 04 Jan 2007 11:45:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Palm Inc. (PALM) and SiRF Technology (SIRF) topped today's list of upgrades.

• ThinkEquity upgraded Palm, Inc. (NASDAQ:PALM) to Buy from Accumulate and said that the delay in 750 certification, Palm's shortfall, should be resolved by the early part of the third quarter.
• Morgan Stanley upgraded shares of SiRF Technology Holdings, Inc. (NASDAQ:SIRF) to Equal-Weight from Underweight; they now believe consensus estimates are in-line with their own.

OTHER UPGRADES:

• The Bombay Co. (NYSE:BBA) was upgraded to Buy from Neutral at Friedman Billings Ramsey; they believe management has worked hard to turn the company around and that Bombay has the ability to make money over time.
• Pacific Crest upgraded BEA Systems (NASDAQ:BEAS) to Outperform from Sector Perform with a $16 target and said BEA System's sell-off is overdone.
• Harmony Gold (HMY) was upgraded to Neutral from Underweight and Newmont Mining (NEM) to Overweight from Neutral at HSBC.
• Lehman Bros. upgraded Electronic Data Systems (EDS) to Overweight from Equal-Weight with a $32 target; following discussions with management, Lehman's confidence in the company's ability to cut costs and increase margins have improved.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 11-28-06: Palm upgraded to Buy originally appeared on BloggingStocks on Tue, 28 Nov 2006 11:03:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Time Warner (TWX), Yahoo! (YHOO) and Cisco Systems (CSCO) top today's list of upgrades.

• Time Warner, Inc. (NYSE:TWX) was upgraded to Outperform from Neutral at Cowen. The firm expects improved results from AOL, cable and filmed entertainment. In addition, Cowen said Time Warner is poised to break out of their three-year trading range of $15-$20.
• Yahoo!, Inc. (NASDAQ:YHOO) was added to the Focus List of American Tech. The firm said Yahoo! shares are "significantly oversold" and positioned for a major bounce. They felt Yahoo was trading as if Panama is already a failure and recommend buying aggressively at these levels.
• Cisco Systems, Inc. (NASDAQ:CSCO) was added to Goldman Sachs American Conviction Buy List. Goldman said Cisco's November 8th earnings will support their growth outlook and show evidence of new product ramps.

OTHER UPGRADES:

• Longbow upgraded SiRF Technology Holdings, Inc. (NASDAQ:SIRF) to Buy from Neutral based on near-term momentum in the auto and handset business.
• Campbell Soup Co. (NYSE:CPB) was upgraded to Neutral from Underweight at Prudential on valuation.
• Citigroup said the Pliva acquisition broadens Barr Pharmaceauticals, Inc. (NYSE:BRL) pipeline and suggest upside to estimates, leading the firm to upgrade Barr to Buy from Neutral.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 10-31-06: TWX, YHOO, CSCO upgraded originally appeared on BloggingStocks on Tue, 31 Oct 2006 11:08:00 EST. Please see our terms for use of feeds.