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Analyst upgrades, downgrades and initiations: SUN, DAI, BDX, ITRN ...

Analyst upgrades:
  • Barclays upgraded Spectra Energy (NYSE: SE) to Overweight from Equal Weight. The firm believes Spectra's valuation is attractive and that the dividend is secure.
  • Soleil upgraded Sunoco (NYSE: SUN) to Buy from Hold on valuation following the recent pullback and maintains a $45 target on the stock.
  • Friedman Billings upgraded O'Reilly Automotive (NASDAQ: ORLY) to Outperform from Underperform on valuation and the company's better than expected sales and earnings acceleration. The firm has a $38 target on the stock.
  • Royal Caribbean (NYSE: RCL) was removed from Goldman's Conviction Sell List.
  • Intercontinental Hotels (NYSE: IHG) was raised to Buy from Hold at Jefferies.
  • Valspar (NYSE: VAL) was lifted to Neutral from Underweight at JP Morgan.

Continue reading Analyst upgrades, downgrades and initiations: SUN, DAI, BDX, ITRN ...

Newspaper wrap-up 2-9-07: Samsung to challenge Apple iPhone

MAJOR PAPERS:
  • According to the Wall Street Journal (subscription required), Apple Inc's (NASDAQ: AAPL) Steve Jobs helped to negotiate a Pixar employment pact with a film director that included an options grant with a "well-timed date". Also featured in the Journal:
    • EMI Group plc (OTC: EMIPY) has been holding talks with online retailers over the possibility of selling its entire digital music catalog in an unprotected MP3 format.
    • Goldman Sachs Group Inc (NYSE: GS) is expected to raise as much as $19B for its newest private-equity fund.
  • The Financial Times (subscription required) reported that Siemens AG (NYSE: SI) broadened corruption inquiries and has identified individual incidents of apparent bribery.
OTHER PAPERS:
  • According to the Detroit News, DaimlerChrysler AG (NYSE: DCX) is expected to eliminate about 1,000 salaried jobs in Michigan.
  • Asian IT website DigiTimes.com reported that Samsung introduced the Ultra Smart F700 yesterday. The phone is being referred to as a possible "iPhone Killer."
  • In Investor's Business Daily, ViaSat Inc (NASDAQ: VSAT) was mentioned positively in the "New America" column.

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 28, 2009: 01:14 AM

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