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Analyst upgrades, downgrades and initiations: COMS, GOLD, STT, SVNT, TXN

Analyst upgrades
  • Oppenheimer upgraded Savient Pharmaceuticals (NASDAQ: SVNT) to Perform from Underperform after the FDA's Arthritis Advisory Committee voted 14-1 in favor of approving Krystexxa for gout.
  • Banc of America/Merrill upgraded Texas Instruments (NYSE: TXN) to Buy from Underperform and raised its target to $27 from $18 based on expectations that margin expansion will be higher than Street expectations.
  • UBS said Nvidia (NASDAQ: NVDA) has limited downside risk given the improved outlook for the graphics processor market and professional solutions business. Shares were upgraded to Neutral from Sell and its target was raised to $11.50 from $8.
  • BHP Billiton (NYSE: BHP) was upgraded to Outperform from Neutral at Macquarie.
  • Neutral Tandem (NASDAQ: TNDM) was upgraded to Outperform from Neutral at Baird.
  • Central Garden & Pet (NASDAQ: CENT) was upgraded to Buy from Neutral at SunTrust.

Continue reading Analyst upgrades, downgrades and initiations: COMS, GOLD, STT, SVNT, TXN

Analyst upgrades, downgrades and initiations: ARUN, MOS, POT, AGU, EGLE, DO, MON, SWCEY, TDC and ABC

Analyst upgrades:
  • Jefferies upgraded Aruba Networks (NASDAQ: ARUN) to Buy from Hold following the company's Q3 results to reflect improved visibility. The firm raised its target price to $6.50 from $3.
  • Citigroup upgraded Mosaic (NYSE: MOS) and Potash (NYSE: POT) to Buy from Hold and Agrium (NYSE: AGU) to Hold from Sell as it believes stronger grain fundamentals more than offset China contract risk. The firm raised its target on Mosaic to $72 from $48, on Potash to $145 from $83 and on Agrium to $55 from $36.
  • Fulton Financial (NASDAQ: FULT) Was upgraded to Market Perform from Underperform at Keefe Bruyette.
  • Rio Tinto (NYSE: RTP) was raised to Neutral from Sell at Goldman.
  • Noble Corp. (NYSE: NE) was upgraded at Deutsche Bank to Buy from Hold.

Continue reading Analyst upgrades, downgrades and initiations: ARUN, MOS, POT, AGU, EGLE, DO, MON, SWCEY, TDC and ABC

Analyst upgrades, downgrades and initiations: BKC, NOC, RTN, CMCSA ...

Analyst upgrades:
  • RW Baird upgraded LHC Group (NASDAQ: LHCG) to Outperform from Neutral based on valuation and expectations for raised 2009 guidance. The firm has a $36 target on the stock.
  • Deutsche Bank upgraded Swiss Reinsurance (OTC: SWCEY) to Buy from Hold following the CEO change as the firm views it as a positive move.
  • Wachovia upgraded DuPont Fabros (NYSE: DFT) to Outperform from Market Perform because it thinks the company has taken major measures to mitigate its liquidity risk by obtaining additional debt. The firm also notes that the company signed several new leases.
  • Goldman added Air Products (NYSE: APD) and Burger King (NYSE: BKC) to the Conviction Buy List.
  • MSC Industrial (NYSE: MSM) was upgraded to Outperform from Market Perform at William Blair.
  • Northrop Grumman (NYSE: NOC) was raised to Outperform from Market Perform at Bernstein.

Continue reading Analyst upgrades, downgrades and initiations: BKC, NOC, RTN, CMCSA ...

Analyst upgrades, downgrades and initiations: ADBE, PFE, WYE, BHP

Analyst upgrades:
  • Jefferies upgraded NeuStar (NYSE:NSR) to Hold from Underperform on valuation following the recent weakness and raised their target price to $15 from $12.
  • Oppenheimer upgraded Adobe Systems (NASDAQ:ADBE) to Outperform from Perform on valuation as they believe the recent pullback has created an attractive entry point into the name. The firm has a $27 target on the stock.
  • UBS upgraded Pfizer (NYSE:PFE) and Wyeth (NYSE:WYE) to Buy from Neutral based on valuations. Pfizer's price target remains $18 and Wyeth's was raised to $50 from $38.
  • Methanex (NASDAQ:MEOH) was upgraded to Sector Outperformer from Sector Performer at CIBC.
  • BHP Billiton (NYSE:BHP) was raised to Buy from Hold at RBS.
  • Anadys Pharma (NASDAQ:ANDS) was upgraded to Buy from Neutral at Piper Jaffray.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, PFE, WYE, BHP

Analyst upgrades, downgrades and initiations: COST, LPL, SWCEY, AKAM, LEAP

Analyst upgrades:
  • Baird upgraded Carlisle (NYSE:CSL) to Outperform from Neutral and lowered their target to $25 from $33 following the company's Q4 results citing attractive valuation and solid execution.
  • Citigroup upgraded Talbots (NYSE:TLB) to Hold from Sell on valuation as they believe the company's cash flow is improving and does not expect the company to face bankruptcy in next three years.
  • Jefferies upgraded shares of Spectra Energy (NYSE:SE) to Hold from Underperform on valuation following the company's Q4 results and raised their target price to $15 from $11.75.
  • Costco (NASDAQ:COST) was upgraded to Buy from Neutral at UBS.
  • AU Optronics (NYSE:AUO) and LG Display (NYSE:LPL) were upgraded to Buy from Neutral at Banc of America/Merrill.
  • Alpha Natural (NYSE:ANR) was raised to Buy from Hold at Natixis.

Continue reading Analyst upgrades, downgrades and initiations: COST, LPL, SWCEY, AKAM, LEAP

Analyst calls: AMAT, CSCO, PFE, DAI, INTC, COP, MNST, SGP ...

Analyst upgrades:
  • Goldman upgraded Applied Materials (NASDAQ: AMAT) to Buy from Sell and added shares to its Conviction Buy List citing valuation. The firm also upgraded the Semiconductor Capital Equipment Sector to Attractive.
  • Morgan Keegan believes Cisco Systems (NASDAQ: CSCO) will emerge from the slowdown as a stronger company with greater market share and expansion into adjacent markets. Shares were upgraded to Outperform from Market Perform.
  • Pfizer (NYSE: PFE) was upgraded to Overweight from Equal Weight at Barclays.
  • Daimler (NYSE: DAI) was upgraded at UBS to Neutral from Sell.
  • Friedman Billings upgraded Mariner Energy (NYSE: ME) to Market Perform from Underperform on valuation and the company's upcoming catalysts in the deepwater GOM.
  • Swiss Reinsurance (OTC: SWCEY) was raised to Buy from Hold at Citigroup.
Analyst downgrades:
  • Intel (NASDAQ: INTC) was downgraded to Neutral from Buy at Goldman.
  • Deutsche Bank cut Hess Corp (NYSE: HES) and Marathon Oil (NYSE: MRO) to Hold from Buy and Suncor (NYSE: SU) and ConocoPhillips (NYSE: COP) to Sell from Hold after cutting their oil price forecast for 2009 to $60/bbl and 2010 to $58/bbl.
  • Merrill downgraded Akzo Nobel (OTC: AKZOY) to Neutral from Buy on expectations the company's coatings end markets will worsen and chemicals division will see pressure next year.
  • Monster (NASDAQ: MNST) was lowered at Citigroup to Hold from Buy.

Continue reading Analyst calls: AMAT, CSCO, PFE, DAI, INTC, COP, MNST, SGP ...

Analyst upgrades: BP, Swiss Reinsurance, A. Schulman

MOST NOTEWORTHY: BP Plc, Swiss Reinsurance and A. Schulman were today's noteworthy upgrades:

  • Morgan Stanley upgraded shares of BP Plc (NYSE: BP) to Overweight from Equal Weight as they believe the company is at an inflection and net income should grow 22% in 2009.
  • UBS upgraded Swiss Reinsurance (OTC: SWCEY) to Neutral from Sell on the company's balance sheet, which they believe is solid, but still sees material risk to consensus estimates.
  • KeyBanc upgraded shares of A. Schulman (NASDAQ: SHLM) to Buy from Hold as they believe the new CEO has had a significant positive impact and that downside is limited from current levels.

OTHER UPGRADES:

Newspaper wrap-up: Blackstone Group, Apollo, to bid for Chemtura

MAJOR PAPERS:
  • Last December Chemtura Corporation (NYSE: CEM), a specialty chemicals company with a market cap of about $1.9B, said it might sell itself, and now The Blackstone Group LP (NYSE: BX) and Apollo Management are in talks to buy the company, the Wall Street Journal reported.
  • In part one of a series to help explain the reasons why The Bear Stearns Companies (NYSE: BSC) collapsed, the Wall Street Journal said that the troubled firm was torn apart by executives who couldn't agree on what course to take, including raising capital and slicing mortgage and related bonds from its inventory. And each of about six attempts to raise capital fell part.
OTHER PAPERS:
  • The American investor and Berkshire Hathaway Inc (NYSE: BRK.A) chief Warren Buffett said the United States is already in a recession that is deeper and will last longer than the public expects, the Economic Times reported.
  • According to the Telegraph, Barclays Plc (NYSE: BCS) is planning to sell Barclays Life Assurance Company, its life assurance arm, which has over GBP7B of funds under management. Sources believe potential bidders for the unit may include Pearl, Swiss Reinsurance Company (OTC: SWCEY), General Re, Canada Life and XL Re. Market commentators believe that on an embedded value basis, the unit is currently valued at around GBP1B.

Earnings highlights: AIG, CBS, NetFlix, Sirius, Viacom, Dreamworks and others

Here are a few highlights from this past week's earnings coverage from BloggingStocks:

Also, analysts predict that bank losses will be the highest in 20 years. Timothy Sykes recommends investors not become starstruck by superstar companies such as Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG).

Upcoming results to watch for include Staples, Inc. (NASDAQ: SPLS), Costco Wholesale (NASDAQ: COST), and Blockbuster Inc. (NYSE: BBI).

Visit AOL Money & Finance for more earnings coverage.

Analyst upgrades: TMA, EXPE and PER

MOST NOTEWORTHY: Thornburg Mortgage, Expedia and Perot Systems were today's noteworthy upgrades:
  • Jefferies upgraded shares of Thornburg Mortgage Inc Corp (NYSE: TMA) to Buy from Hold as they believe the stock is at an inflection point, characterized by accelerated earnings and dividend growth.
  • Expedia Inc (NASDAQ: EXPE) was upgraded to Outperform from Neutral at Credit Suisse, as they believe the company is well-positioned to benefit from global e-travel and media opportunities, strong free cash flow, and attractive valuation.
  • Perot Systems Corporation (NYSE: PER) was upgraded to Sector Perform from Underperform at RBC Capital following its Q4 report.
OTHER UPGRADES:

Symbol Lookup
IndexesChangePrice
DJIA-11.7910,215.15
NASDAQ-8.432,145.63
S&P 500-2.921,090.16

Last updated: November 10, 2009: 02:05 PM

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