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FeedPosted Apr 3rd 2009 12:10PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Whole Foods Market (WFMI), Intuit Inc (INTU), Analyst Initiations, General Dynamics Corp (GD)
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Analyst upgrades:
- Goldman upgraded Intercontinental Exchange (NYSE: ICE) to Conviction Buy from Neutral and raised their target to $90 from $60. Goldman cites ICE's positioning and potential for upward EPS revisions for the upgrade.
- Jefferies upgraded FMC Technologies (NYSE: FTI) to Buy from Hold as they believe solid deepwater activity levels will lead to solid EPS results in 2009 and 2010. The firm raised their price target to $45 from $27.
- Friedman Billings upgraded Devon Energy (NYSE: DVN) to Outperform from Market Perform on valuation and expects significant improvement in basis differentials for the company's Barnett production starting the second half of Q2. The firm raised their price target to $60 from $50.
- Elan Corp (NYSE: ELN) was raised to Neutral from Sell at Piper Jaffray.
- Banco Santander (NYSE: STD) was upgraded at Keefe Bruyette to Outperform from Market Perform.
Continue reading Analyst upgrades, downgrades and initiations: ICE, AKAM, WFMI, GD, INTU ...
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