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FeedPosted Aug 30th 2007 10:45AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Good news, Motorola (MOT), Taser Intl Inc (TASR), Stocks to Buy
MOST NOTEWORTHY: Taser Int'l (TASR), Motorola (MOT), Advantest (ATE), STMicroelectronics (STM) and Joy Global (JOYG) were today's noteworthy upgrades:
- Merriman upgraded shares of Taser Int'l (NASDAQ: TASR) to Buy from Hold on valuation following the 25% decline in price since late July, accelerating law enforcement demand and upside potential from the recently launched personal TASER C2.
- Lehman upgraded shares of Motorola (NYSE: MOT) to Overweight from Equal Weight as they believe increased production and opex progress in Q3 could signal a turnaround at the company's phone unit.
- Jefferies upgraded Advantest (NYSE: ATE) to Hold from Underperform on valuation.
- STMicroelectronics (NYSE: STM) was upgraded to Market Perform from Underperform on valuation at Bernstein.
- Stifel upgraded shares of Joy Global (NASDAQ: JOYG) to Buy from Hold following the in line Q3 report as they believe bad news is reflected in valuation...
OTHER UPGRADES:
- Idacorp (NYSE: IDA) was upgraded to Market Perform from Under Perform at Wachovia.
- UBS upgraded TDK Corp (NYSE: TDK) to Neutral from Sell.
- Wedbush raised Big Lots (NYSE: BIG) to Buy from Hold, with a $35 target, and DSW Inc. (NYSE: DSW) to Hold from Sell, with a $29 target.
- LabCorp (NYSE: LH) was upgraded to Outperform from Neutral at Cowen.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jul 26th 2007 11:25AM by Kevin Shult (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Bad news, , Stocks to Sell
MOST NOTEWORTHY: Advantest (ATE), RightNow Technologies (RNOW), Mattson Technology (MTSN), Akamai Technologies (AKAM) and P.F. Chang's (PFCB) were today's noteworthy downgrades:
- Matrix downgraded Advantest (NYSE: ATE) to Strong Sell from Hold; the firm doesn't expect Advantest's profits to improve in the near-term after chip makers indicated they plan to cut capital spending.
- RightNow Technologies (NASDAQ: RNOW) was cut to Sector Perform from Outperform at Pacific Crest to reflect the company's poor execution.
- Mattson Technology (NASDAQ: MTSN) was downgraded to Sell from Buy at American Technology; The firm said Q2 results were strong but bookings and gross margin outlook were weaker due to memory spending weakness.
- Credit Suisse downgraded P.F. Chang's (NASDAQ: PFCB) to Market Weight from Overweight at Thomas Wiesel to reflect below plan new store performance for the third consecutive year at Pei Wei...
OTHER DOWNGRADES:
- Merriman downgraded Fuel Tech (NASDAQ: FTEK) to Neutral from Buy.
- Bear Stearns cut Hess Corp (NYSE: HES) to Peer Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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