analystupgrades posts
FeedPosted Jul 24th 2008 11:09AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Citigroup Inc. (C)
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MOST NOTEWORTHY: Memc Electronic, Citigroup and Sanmina were today's noteworthy upgrades:
- Citigroup upgraded shares of Memc Electronic (NYSE:WFR) to Buy from Hold on valuation as they believe the bad news is priced in following the company's quarter. The firm raised Memc's target to $65 from $64. JP Morgan upgraded shares to Overweight from Neutral on valuation.
- Morgan Stanley upgraded Citigroup (NYSE:C) to Equal Weight from Underweight based on asset sales, improved top-line, and dividend.
- Credit Suisse upgraded Sanmina (NASDAQ:SANM) to Outperform from Neutral citing valuation and margin traction. The firm raised Sanmina's target to $2.50 from $1.60. Cowen upgraded Sanmina to Outperform from Neutral following the Q3 report and guidance.
OTHER UPGRADES:
Posted Jul 17th 2008 11:05AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Comcast Cl'A' (CMCSA), Starwood Hotels Worldwide (HOT)
MOST NOTEWORTHY: Blackboard, Starwood Hotels and ACE Ltd were today's noteworthy upgrades:
- Baird upgraded Blackboard (NASDAQ:BBBB) to Outperform from Neutral based on two new state-wide deals with New Mexico and North Carolina, K-12 growth, and up-selling and cross-selling opportunities. The firm raised Blackboard's target to $45 from $38.
- Wachovia raised Starwood Hotels (NYSE:HOT) to Outperform from Market Perform citing valuation, high international exposure, and secure capital structure and dividend.
- Citigroup upgraded shares of ACE Ltd (NYSE:ACE) to Buy from Neutral on valuation, as they believe additional selling from the company's redomestication to Switzerland will be offset by short covering. They view the recent weakness as an attractive buying opportunity and raised their target to $63 from $58.
OTHER UPGRADES:
Posted Jun 26th 2008 11:19AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Barclays plc ADS (BCS)
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MOST NOTEWORTHY: Barclays, City National and BAE Systems were today's noteworthy upgrades:
- Morgan Stanley upgraded shares of Barclays (NYSE:BCS) to Overweight from Equal Weight after the company announced plans to raise capital and disclosed no further write-downs.
- Keefe Bruyette lifted City National (NYSE:CYN) to Outperform from Market Perform on valuation, as they believe the company should outperform peers in terms in credit quality.
- Societe Generale upgraded shares of BAE Systems (Other OTC:BAESY) to Buy from Hold to reflect the company's earnings visibility.
OTHER UPGRADES:
Posted Jun 19th 2008 10:43AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Amer Intl Group (AIG)
MOST NOTEWORTHY: American International Group, Energy East and BG Group Plc were today's noteworthy upgrades:
- Citigroup upgraded shares of American International Group (NYSE:AIG) to Buy from Hold on valuation as they see limited downside at current levels. They believe the stock is "poised for over 35% upside in the next twelve months" and raised their target price to $42 from $41.
- Jefferies raised Energy East (NYSE:EAS) to Hold from Underperform to reflect the growing pressure from politicians to influence the final NYPSC order in the merger approval proceeding. The firm raised their target price to $25.50 from $16.50.
- Bernstein upgraded shares of BG Group (NASDAQ:BRGYY) to Outperform from Market Perform as they believe the company should benefit from the tightness in the global liquefied natural gas market.
OTHER UPGRADES:
- Total SA (NYSE:TOT) was upgraded to Buy from Neutral at Goldman and added to the Conviction Buy List.
- Wachovia lifted CarMax (NYSE:KMX) to Market Perform from Underperform.
- Pike Electric (NYSE:PEC) was raised to Outperform from Market Perform at Friedman Billings.
Posted Jun 12th 2008 11:09AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades
MOST NOTEWORTHY: BP Plc, Tenet Healthcare Franklin Resources were today's noteworthy upgrades:
- Lehman upgraded shares of BP Plc (NYSE:BP) to Equal Weight from Underweight on valuation and positive benefits from the company's TNK joint venture in Russia.
- Lehman also upgraded Tenet Healthcare (NYSE:THC) to Overweight from Equal Weight, citing increased confidence the company can meet guidance following the company's analyst day.
- Keefe Bruyette upgraded shares of Franklin Resources (NYSE:BEN) to Outperform from Market Perform as they believe flow trends have improved.
OTHER UPGRADES:
Posted Jun 5th 2008 11:12AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades
MOST NOTEWORTHY: Cortex Pharma, Royal Bank of Scotland and Trex were today's noteworthy upgrades:
- Rodman & Renshaw upgraded Cortex Pharma (AMEX:COR) to Market Perform from Underperform citing the company's progress towards renewing its pipeline and notes that results from two proof-of-concept studies assessing acute administration of COR's lead AMPAKINE molecule are expected in the coming months.
- Citigroup upgraded shares of Royal Bank of Scotland (NYSE:RBS) to Buy from Hold on valuation following the recent weakness, as they believe the sell-off has been excessive.
- Suntrust raised Trex (NYSE:TWP) to Buy from Neutral based on management's turnaround efforts, expectations for increased market share in composite decking, and valuation, among other reasons.
OTHER UPGRADES:
- Friedman Billings upgraded Hot Topic (NASDAQ:HOTT) to Outperform from Market Perform.
- Lehman raised UAL Corp (NASDAQ:UAUA) and Northwest Airlines (NWA) to Overweight from Equal Weight.
- Goldman added Eli Lilly (NYSE:LLY) to its Conviction Buy List.
Posted May 30th 2008 11:08AM by Eric Buscemi (RSS feed)
Filed under: Analyst Upgrades and Downgrades
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MOST NOTEWORTHY: AnnTaylor, FNB Corp and MFA Mortgage were today's noteworthy upgrades:
- Friedman Billings upgraded AnnTaylor (NYSE:ANN) to Outperform from Market Perform based on better management of the business by management, stabilizing fundamentals, and strong balance sheet and cash flow.
- B. Riley raised FNB Corp (NYSE:FNB) to Buy from Neutral as they feel more bullish about the company's prospects after meeting with management. The firm raised their target price to $16 from $15.50.
- Keefe Bruyette upgraded MFA Mortgage (NYSE:MFA) to Outperform from Market Perform following the company's 40M share equity offering, which they believe will add 2.5c a quarter to EPS.
OTHER UPGRADES:
- Dell (NASADAQ:DELL) was raised at Merrill to Buy from Neutral.
- Lehman upgraded Nasdaq (NASDAQ:NDAQ) to Overweight from Equal Weight.
- Big Lots (NYSE:BIG) was upgraded to Buy from Neutral at Piper.
Posted May 29th 2008 11:03AM by Eric Buscemi (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Alcatel-LucentADS (ALU)
MOST NOTEWORTHY: Alcatel-Lucent, Opnext and American Axle were today's noteworthy upgrades:
- Goldman upgraded shares of Alcatel-Lucent (NYSE:ALU) to Neutral from Sell to reflect the recovery of U.S. corporate bond yields which they believe is positive for the company's long-term pension liability. Goldman also thinks analyst estimates may have bottomed.
- Thomas Weisel raised Opnext (NASDAQ:OPXT) to Overweight from Market Weight after their research indicated an acceleration in optical communications component industry revenue growth.
- Deutsche Bank upgraded American Axle (NYSE:AXL) to Buy from Hold to reflect the cost savings from the UAW contract.
OTHER UPGRADES:
Posted Feb 21st 2008 10:55AM by Eric Buscemi (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Cisco Systems (CSCO), Garmin Ltd (GRMN)
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MOST NOTEWORTHY: Cisco Systems, Garmin and Charlotte Russe were today's noteworthy upgrades:
- Citigroup upgraded Cisco Systems (NASDAQ:CSCO) to Buy from Hold on valuation, as they find the stock more attractive for long-term investors following the recent declines and believes earnings expectations are now more reasonable.
- Garmin (NASDAQ:GRMN) was upgraded to Outperform from Neutral at Baird citing strong growth opportunities, stable market share and valuation.
- Friedman Billings upgraded Charlotte Russe (ASDAQ:CHIC) to Outperform from Market Perform citing valuation and checks that indicate a continuation of positive comp trends.
OTHER UPGRADES:
Posted Feb 14th 2008 10:48AM by Eric Buscemi (RSS feed)
Filed under: Analyst Upgrades and Downgrades, ValueClick Inc (VCLK)
MOST NOTEWORTHY: Valueclick, The Medicines Co and British Sky Broadcasting were today's noteworthy upgrades:
- Oppenheimer upgraded shares of Valueclick (NASDAQ:VCLK) to Outperform from Perform following the company's Q4 upside, as they believe the FTC investigation completed with no material penalties and that lead generation is stabilizing.
- Citigroup upgraded shares of The Medicines Co (NASDAQ:MDCO) to Buy from Hold following the solid Q4 results to reflect a better risk/reward profile and stabilizing PCI volume.
- Goldman raised its rating on British Sky Broadcasting (NYSE:BSY) to Buy from Sell and added shares to their Conviction Sell List as they see above-average upside at tough valuations.
OTHER UPGRADES:
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