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Analyst upgrades, downgrades and initiations: DUK, DIS, ADM, DLTR

Analyst upgrades:
  • Citigroup upgraded shares of Liberty Property Trust (NYSE:LRY) to Hold from Sell to reflect the company's capital raises and progress on leasing over the past quarter. The firm raised their target price to $21 from $16.
  • UBS upgraded shares of Lonmin (Other OTC:LNMIY) to Neutral from Sell as they believe Xstrata may make an offer for the company.
  • Cantor Fitzgerald upgraded RadiSys (NASDAQ:RSYS) to Buy from Hold after the company reported better-than-expected Q4 results and provided Q1 guidance which the firm believes indicates that fiscal 2009 results will be better than expected. The firm set a target of $8.50.
  • Duke Energy (NYSE:DUK) and PG & E (NYSE:PCG) were raised to Outperform from Sector Perform at RBC Capital.
  • Techne (NASDAQ:TECH) was upgraded at Baird to Outperform from Neutral.

Continue reading Analyst upgrades, downgrades and initiations: DUK, DIS, ADM, DLTR

Analyst upgrades: ATPG, FL, DCP and CC

MOST NOTEWORTHY: ATP Oil & Gas, Foot Locker, DynCorp and Circuit City were today's noteworthy upgrades:
  • Calyon upgraded shares of ATP Oil & Gas (NASDAQ: ATPG) to Add from Neutral and raised their target to $52 from $50 as they believe the company is nearing its year-end production target and its balance sheet is positioned to improve.
  • Merrill upgraded Foot Locker (NYSE: FL) to Buy from Neutral citing easing comps and stabilization in premium product demand.
  • Wachovia upgraded DynCorp International Inc. (NYSE: DCP) to Outperform from Market Perform citing its re-compete award for the $4.6 billion Army Linguist contract.
  • Soleil upgraded shares of Circuit City Stores (NYSE: CC) to Buy from Hold, as they believe the company's real estate rationalization program and new "The City" store concept will drive earnings growth over the next few years.
OTHER UPGRADES:

Cramer's market and gas pick

On today's STOP TRADING segment on CNBC, Jim Cramer said the market is acting like it is immune to falling. Even subprime lenders, First Horizon National Corp. (NYSE:FHN) and Countrywide Financial Corp. (NYSE:CFC) are rising without a deal yet.

Cramer again talked about Illinois Tool Works Inc. (NYSE:ITW) and the Black & Decker Corp. (NYSE:BDK) showing and that the fact it is happening ahead of the Fed announcement tomorrow is a good indicator.

On natural gas being up 11% and crude up 8%, Cramer agreed with SunTrust's call to be in natural gas. SunTrust's picks are ATPG, BBG, BEXP, CHK, EOP, EPEX, ROSE. The one Cramer noted as the play in the area if you are a true believer is Grey Wolf Inc. (NYSE:GW).

Symbol Lookup
IndexesChangePrice
DJIA+44.2910,291.26
NASDAQ+15.822,166.90
S&P 500+5.501,098.51

Last updated: November 12, 2009: 01:48 AM

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