bdt posts
FeedPosted Apr 6th 2009 11:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Cisco Systems (CSCO), Viacom (VIA), International Business Machines (IBM), Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Abercrombie and Fitch (ANF), Analyst Initiations, Rio Tinto plc ADS (RIO)
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Analyst upgrades:
- Keefe Bruyette upgraded MF Global (NYSE: MF) to Outperform from Market Perform as it believes the company's liquidity position has improved and that it is well positioned to take market share. The firm raised its target on shares to $9.
- UBS upgraded Wynn Resorts (NASDAQ: WYNN) to Buy from Neutral and raised its target to $33 from $28 citing better than expected performance in Macau, valuation, and comfort with the balance sheet.
- Citigroup upgraded Brandywine Realty (NYSE: BDN) to Buy from Hold on valuation and believes progress on asset sales or financing could drive significant upside. The firm keeps a $4.50 price target on BDN.
- Joy Global (NASDAQ: JOYG) was raised to Neutral from Underweight at JP Morgan.
- Novo Nordisk (NYSE: NVO) was lifted to Hold from Sell at Societe Generale.
- Cimarex Energy (NYSE: XEC) was upgraded at Banc of America/Merrill to Buy from Underperform.
Continue reading Analyst upgrades, downgrades and initiations: MF, IBM, CSCO, RTP, BAC, C, ANF ...
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