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Analyst upgrades 7-20-07: BAESY, MDCO, STX and WDC

MOST NOTEWORTHY: Seagate Technology (STX), SAP AG (SAP), Western Digital (WDC), BAE Systems (BAESY) and Manpower (MAN) are today's noteworthy upgrades:
  • Hambrecht upgraded shares of Seagate Tech (NYSE: STX) on improving demand and second half of 2007 prospects. Bear Stearns upgraded shares to Outperform from Peer Perform based on stabilizing industry conditions.
  • ING upgraded shares of SAP AG (NYSE: SAP) to Buy from Hold shares to reflect the migration within the company's large installed base and growing opportunities in the small business market.
  • Hambrecht upgraded Western Digital (NYSE: WDC) to Buy from Hold on improving demand for 2H07 growth prospects.
  • HSBC raised BAE Systems (OTC: BAESY) off the ground, upgrading shares to Neutral from Underweight.
  • Banc of America upgraded Manpower (NYSE: MAN) to Buy from Neutral to reflect the change in French payroll tax subsidies, which they view as a positive change to the company's ongoing margin structure.
OTHER UPGRADES:
  • First Albany upgraded ATMI Inc (NASDAQ: ATMI) to Buy from Hold.
  • ThinkEquity upgraded Interwoven (NASDAQ: IWOV) to Accumulate from Source of Funds.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Newspaper wrap-up 6-14-07: Sprint may hook up with Clearwire for WiMax

MAJOR PAPERS:
WEBSITES:
  • LiveMint.com reported that Citigroup Inc's (NYSE: C) emerging markets private-equity investment arm, Citigroup Venture Capital International, will reportedly invest $1.5B in India over the next three years, the largest investment by a single private-equity investor in the Indian markets.

Symbol Lookup
IndexesChangePrice
DJIA+35.5910,282.56
NASDAQ+12.052,163.13
S&P 500+4.711,097.72

Last updated: November 11, 2009: 01:06 PM

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