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Analyst upgrades, downgrades and initiations: AKS, LEN, MAR, DE, KLAC, VIVEF ...

Analyst upgrades:
  • KeyBanc upgraded Epicor (NASDAQ: EPIC) to Buy from Hold based on several near-term catalysts that include possible convertible debt repurchases, reasonable Q4 results, a proxy fight, and a boost from the Epicor 9 product cycle in 2H09.
  • KeyBanc also upgraded AK Steel (NYSE: AKS) to Buy from Hold based on relative valuation and said the company could benefit from lower iron ore, scrap natural gas, and labor inputs.
  • JP Morgan upgraded Lennar (NYSE: LEN) to Overweight from Neutral based on relative valuation.
  • Marriott (NYSE: MAR) was upgraded to Buy from Neutral at Goldman.
  • Raymond James (NYSE: RJF) was raised to Market Perform from Underperform at Wachovia.
  • Deere (NYSE: DE) was upgraded to Outperform from Market Perform at Bernstein.
Analyst downgrades:

Continue reading Analyst upgrades, downgrades and initiations: AKS, LEN, MAR, DE, KLAC, VIVEF ...

Analyst downgrades 5-03-07: BBI, CVC and NDAQ

MOST NOTEWORTHY: Cablevision Systems Corp (CVC), Nasdaq Stock Market Inc (NDAQ), Greenbrier Cos (GBX), Southern Copper Corp (PCU) and Hawaiian Holdings (HA) were today's noteworthy downgrades:
  • Oppenheimer downgraded shares of Cablevision Systems Corp (NYSE: CVC) to Neutral from Outperform and does not expect a higher bid to emerge.
  • Matrix cut Greenbrier Cos (NYSE: GBX) to Sell from Hold on the belief that slowing demand for double-stack and forest products rail cars is leading to slowing revenues.
  • Credit Suisse downgraded Southern Copper (NYSE: PCU) to Underperform from Outperform based on valuation.
  • Goldman cut Hawaiian Holdings (AMEX: HA) to Sell from Neutral based on weak fundamentals and increased liquidity concerns.
OTHER DOWNGRADES:
  • Morgan Stanley downgraded UBS AG (NYSE: UBS) to Underweight from Equal Weight.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 09:16 PM

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