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Analyst upgrades: CMA, GPS, JPM, MNST and VCLK

Posted Aug 13th 2007 11:11AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, JPMorgan Chase (JPM), Comerica Inc (CMA), Gap Inc (GPS), Monster Worldwide (MNST), Nordstrom, Inc (JWN), ValueClick Inc (VCLK), Stocks to Buy

MOST NOTEWORTHY: Nordstrom (JWN), Monster Worldwide (MNST), Lockheed Martin (LMT) and the U.S. Financials markets were today's noteworthy upgrades:

Piper upgraded shares of Nordstrom (NYSE: JWN) to Outperform from Market Perform, citing valuation, and expects the company to have an upbeat tone on Thursday's quarterly report.

Wachovia upgraded shares of Monster Worldwide (NASDAQ: MNST) to Outperform from Market Perform based on valuation and strength in its international business. The firm believes North American weakness is largely confined to the e-commerce channel while enterprise growth is ongoing and international business remains strong.

Banc of America upgraded Lockheed Martin (NYSE: LMT) to Buy from Neutral on valuation.

Deutsche Bank upgraded JP Morgan (NYSE: JPM) to Buy from Hold and U.S. Bancorp (NYSE: USB) & Comerica (NYSE: CMA) to Hold from Sell. The firm said JPMorgan's financial conglomerate structure gives it strength to gain share in times of stress. U.S. Bancorp was upgraded based on valuation and okay credit quality. Comerica was upgraded based on valuation and upcoming HQ move to Texas, which could make it a takeover target...

OTHER UPGRADES:

JP Morgan upgraded Valueclick (NASDAQ: VCLK) to Overweight from Neutral.

Bear Stearns upgraded BEA Systems (NASDAQ: BEAS) to Outperform from Peer Perform.

Stifel raised Career Education (NASDAQ: CECO) to Buy from Hold.

CL King upgraded Gap (NYSE: GPS) to Strong Buy from Neutral.

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

Analyst downgrades 4-18-07: AMTD, IBM, WEN & YHOO downgraded today

Posted Apr 18th 2007 11:24AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Bad News, Yahoo! (YHOO), International Business Machines (IBM), TD AmeriTrade Holding (AMTD), Wendy's Intl (WEN)

MOST NOTEWORTHY: IBM Corp (IBM), Wendy's Internatioanl (WEN), Yahoo! (YHOO), Western Digital Corp (WDC) and TD AmeriTrade Holding Corp (AMTD) were today's noteworthy downgrades.

IBM Corp (NYSE: IBM) was cut to Neutral from Buy at Goldman to reflect the slowdown in domestic technology spending. Credit Suisse downgraded shares of IBM Corp to Neutral from Outperform and ThinkEquity cut IBM to Accumulate from Buy on the same rationale.

Wendy's International (NYSE: WEN) was downgraded to Underperform from Market Perform at Wachovia, citing valuation.

Needham downgraded Yahoo! (NASDAQ: YHOO) to Hold from Buy on valuation and the firm's belief that the 2H07 acceleration implied in consensus revenue forecasts could be difficult to exceed given the recent slowdown in display ad growth.

WR Hambrecht downgraded shares of Western Digital (NYSE: WDC) to Hold from Buy as the firm believes there could be more downside to forward estimates given the aggressive pricing and softer demand environment. The firm sees too many industry risks following Seagate Technology's (STX) earnings conference call.