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Analyst upgrades 6-25-07: BMY, CVX, GM, PIR and SIRI

Posted Jun 25th 2007 11:10AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, General Motors (GM), Sirius Satellite Radio (SIRI), American Express (AXP), Bristol-Myers Squibb (BMY), Chevron Corp (CVX)

MOST NOTEWORTHY: General Motors (GM), Sirius Satellite Radio (SIRI), LSI Corp (LSI), Chevron (CVX), National City (NCC) and LivePerson (LPSN) were today's noteworthy upgrades:

Goldman Sachs upgraded General Motors (NYSE: GM) to Buy from Neutral as they believe the stock will rise on expectations of sizeable concessions from union talks. The broker said this is a "tactical trading call."

Morgan Joseph upgraded shares of Sirius Satellite Radio (NASDAQ: SIRI) to Buy from Hold citing the OEM ramp & modest consensus estimates.

American Technology added LSI Corp (NYSE: LSI) to their Focus List as they believe investors are discounting a lot of negative assumptions at the current valuation. They recommend using the recent weakness to aggressively build positions below $9.

Bank of America upgraded shares of Chevron Corp (NYSE: CVX) citing valuation and potential volume increases in its deepwater portfolio.

AG Edwards upgraded National City (NYSE: NCC) to Hold from Sell and Roth upgraded LivePerson to Hold from Sell on valuation...

OTHER UPGRADES:

UBS upgraded Pier 1 Imports (NYSE: PIR) to Buy from Neutral.

Bristol-Myers (NYSE: BMY) was upgraded to Outperform from Peer Perform at Bear Stearns.

Sandler added American Express (NYSE: AXP) to its Focus List. Baird raised Applied Biosystems (NYSE: ABI) to Outperform from Neutral.

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

Analyst upgrades 5-11-07: AEO, ALU, AMAT and NVDA

Posted May 11th 2007 11:06AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Applied Materials (AMAT), Alcatel-LucentADS (ALU)

MOST NOTEWORTHY: Applied Materials (AMAT), Southern Union (SUG), Alcatel-Lucent (ALU), Lamar (LAMR) and Trump Entertainment (TRMP) led the noteworthy upgrade list today:

UBS upgraded shares of Applied Materials (NASDAQ: AMAT) to Buy from Neutral as they expect the company to benefit from increased capital spending by Rexchip, the joint venture of Elpida and Powerchip. After speaking to contacts, UBS believes shipments to Rexchip will total around $640M in 2007.

Southern Union (NYSE: SUG) was upgraded to Overweight from Neutral at JP Morgan.

Credit Suisse upgraded shares of Alcatel-Lucent (NYSE: ALU) to Outperform from Neutral on improved earnings visibility and the potential for incremental cost savings.

SMH Capital upgraded shares of Lamar Advertising (NASDAQ: LAMR) to Buy from Neutral after the conference call indicated the run rate for digital deployment is increasing, while capex per board is declining. The firm thinks the Street may be overlooking the potential for significant earnings acceleration into 2008.

Nollenberger upgraded shares of Trump Entertainment Resorts (NASDAQ: TRMP) to Neutral from Sell based on valuation and believes fair value is $14/share...

OTHER UPGRADES: