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Analyst upgrades, downgrades and initiations: KWK, BCS, CVS, BAC ...

Analyst upgrades:
  • Jefferies upgraded Quicksilver (NYSE: KWK) to Buy from Hold as it believes the company has many options to resolve its liquidity crisis. The firm expects shares to move towards its $10 NAV estimate and raised its target price to $10 from $7.
  • Deutsche Bank upgraded Omnicom Group (NYSE: OMC) to Hold from Sell following the Q1 results as the company's margins are holding up better than previously thought. The firm raised its target price on shares to $31 from $21.
  • Deutsche Bank also upgraded Universal Health (NYSE: UHS) following the company's better than expected Q1 results. Shares were lifted to Buy from Hold and the firm raised its target on the stock to $60 from $45.
  • Barclays (NYSE: BCS) was raised to Buy from Reduce at Nomura.
  • Orient-Express (NYSE: OEH) was lifted to Neutral from Underweight at JP Morgan.
  • CVS Caremark (NYSE: CVS) was upgraded at Goldman to Conviction Buy from Buy.

Continue reading Analyst upgrades, downgrades and initiations: KWK, BCS, CVS, BAC ...

Analyst downgrades: SHPGY, IRE and WAG

MOST NOTEWORTHY: Shire Plc, Bank of Ireland and Walgreen were today's noteworthy downgrades:
  • Bernstein downgraded shares of Shire Plc (NASDAQ: SHPGY) to Underperform from Market Perform as they believe sales of hyperactivity drug Vyvanse will be lower than expected.
  • Bank of Ireland (NYSE: IRE) was downgraded to Neutral from Buy at UBS on the slowing economy and commercial property market.
  • Citigroup downgraded Walgreen (NYSE: WAG) to Sell from Hold as they believe the weaker consumer environment should magnify company-specific challenges and that earnings pressure will continue over the next few quarters.
OTHER DOWNGRADES:
  • Raven (NASDAQ: RAVN) Industries was lowered to Sell from Neutral at Piper.
  • Goldman downgraded Brown-Forman (NYSE: BF.A) to Sell from Neutral.
  • JP Morgan downgraded Noble (NYSE: NE) to Neutral from Overweight.

Symbol Lookup
IndexesChangePrice
DJIA-160.1510,304.25
NASDAQ-39.162,136.89
S&P 500-20.351,090.28

Last updated: November 27, 2009: 10:12 AM

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