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Analyst upgrades 5-09-07: AMZN, COMS, HPQ, IBM and JNY

Posted May 9th 2007 11:04AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Hewlett-Packard (HPQ), Amazon.com (AMZN), International Business Machines (IBM), Jones Apparel Group (JNY)

MOST NOTEWORTHY: IBM Corp (IBM), Amazon.com, Inc (AMZN), Hewlett-Packard Co (HPQ), Universal Technical Institute (UTI) and 3Com Corp (COMS) were some of today's noteworthy upgrades:

Goldman upgraded IBM Corp (NYSE: IBM) to Buy from Neutral to reflect the company's valuation creation moves, as the firm believes IBM's accelerated buyback program and pension expense reduction will be accretive to earnings.

Despite ThinkEquity's belief that the company was faltering, Amazon.com (NASDAQ: AMZN) customers have grown in size and accelerated their purchases. The upgrade to Accumulate from Source of Funds was based on Amazon.com's increase of market share in core categories.

AG Edwards upgraded Hewlett Packard (NYSE: HPQ) to Buy from Hold based on higher estimates, continued share gains and the evidence that HPQ has continued its cost cutting abilities.

BMO Capital upgraded shares of Universal Technical Institute (NYSE: UTI) to Market Perform from Underperform following the company's Q1 results.

3Com (NASDAQ: COMS) was upgraded to Hold from Sell at Matrix USA based on the company's improving balance sheet ..

OTHER UPGRADES:

Jefferies upgraded Lionbridge Technologies (NASDAQ: LIOX) to Buy from Hold.

Bear Stearns raised Time Warner Telecom Inc (NASDAQ: TWTC) to Outperform from Peer Perform.

Morgan Keegan upgraded Jones Apparel Group, Inc (NYSE: JNY) to Market Perform from Underperform and Bebe Stores, Inc (NASDAQ: BEBE) to Outperform from Market Perform.

Prudential upgraded Alcan Inc (NYSE: AL) to Neutral from Underweight.

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

Analyst upgrades 1-30-07: Starbucks rated Overweight by JP Morgan

Posted Jan 30th 2007 10:31AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Starbucks (SBUX), Alcoa Inc (AA)

MOST NOTEWORTHY:

Starbucks Corp (NASDAQ: SBUX), today's most notable upgrade, was raised to Overweight from Neutral by JP Morgan citing valuation.

OTHER UPGRADES:

Deutsche Bank upgraded shares of Goodrich Corp (NYSE: GR) to Hold from Sell, also citing valuation, with a $48 target.

Sun Trust Robinson Humphrey upgraded Universal Tech Institute Inc (NYSE: UTI) to Neutral from Reduce; the firm believes any further deterioration in business conditions is limited.

Con-way Inc (NYSE: CNW) was upgraded to Outperform by Morgan Keegan and Raymond James and to Neutral from Sell at Merrill Lynch, following the company's fourth-quarter report.