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FeedPosted Sep 9th 2008 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Upgrades and Downgrades, eBay (EBAY), Best Buy (BBY), Corning Inc (GLW), D.R.Horton (DHI), KB HOME (KBH), Kimberly-Clark (KMB), , Toll Brothers (TOL), Analyst Initiations
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Analyst upgrades:
- Societe Generale upgraded shares of Credit Suisse (NYSE: CS) to Buy from Sell as they believe the company is the European investment bank investors should own as sentiment gradually improves.
- Societe Generale also raised Deutsche Bank (NYSE: DB) to Hold from Sell as they believe it has managed the credit crisis well and that the government bailout of the GSEs will improve investor sentiment.
- Citigroup upgraded shares of Kimberly Clark (NYSE: KMB) to Buy from Hold as they expect the company to benefit from falling materials and energy prices. The firm raised their target to $71 from $60.
- UST Inc (NYSE: UST) was lifted at Morgan Stanley to Equal Weight from Underweight.
- Corning (NYSE: GLW) was upgraded to Overweight from Market Weight at Thomas Weisel.
Analyst downgrades:
- Credit Suisse downgraded the U.S. Homebuilders sector to Market Weight from Overweight to reflect deteriorating traffic trends and higher valuations. In addition, the firm cut Toll Brothers (NYSE: TOL), Pulte Homes (NYSE: PHM), D.R. Horton (NYSE: DHI) and KB Home (NYSE: KBH) to Neutral from Outperform.
Continue reading Analyst calls: KMB, GLW, TOL, DHI, BBY, WB, EBAY ...
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