dusa posts
FeedPosted Oct 7th 2008 11:25AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Walt Disney (DIS), International Business Machines (IBM), Nokia Corp. (NOK), Alcatel-LucentADS (ALU), Analyst initiations, salesforce.com inc (CRM)
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Analyst upgrades:
- Ericsson (NASDAQ: ERIC) was upgraded to Add from Hold at WestLB.
- JP Morgan upgraded Shire Plc (NASDAQ: SHPGY) to overweight from Neutral to reflect Vyvanse share gains and valuation.
- Wachovia upgraded Jefferies (NYSE: JEF) to Market Perform from Underperform because they believe that the recent collapse of the large cap bank sector, Jefferies' cash equity business, and the company's partial privatization as a result of its Leucadia investment will shield shares.
- Canaccord upgraded Amylin Pharma (NASDAQ: AMLN) to Hold from Sell.
- ADC Telecomm (NASDAQ: ADCT) was upgraded to Buy from Hold at Kaufman Bros. on valuation following the recent weakness.
- STEC Inc (NASDAQ: STEC) and Popular (NASDAQ: BPOP) were raised to Buy from Neutral at B. Riley.
Analyst downgrades:
- Merrill downgraded Disney (NYSE: DIS) to Underperform from Neutral and cut its target to $27 from $34 citing the impact from the current economic climate on earnings.
- Barclays downgraded IBM (NYSE: IBM) to Equal Weight from Overweight citing the impact from the weakening economy and the company's large exposure to the financial services industry. IBM's target was cut to $108 from $130.
- Jefferies downgraded Salesforce.com (NYSE: CRM) to Underperform from Buy on increased risks of deteriorating payment terms and price pressure on renewals. The company's target was lowered to $36 from $75.
- Goldman downgraded First Solar (NASDAQ: FSLR) and added shares to the Conviction Sell List.
Continue reading Analyst calls: ERIC, AMLN, DIS, IBM, CRM, FSLR, NOK, ALU ...
Posted May 7th 2007 11:48AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Abbott Laboratories (ABT), Darden Restaurants (DRI), UAL Corp (UAUA)
MOST NOTEWORTHY: Cablevision Systems Corp (CVC), UAL Corp (UAUA), Abbott Laboratories (ABT), Darden Restaurants (DRI) and the food industry were today's noteworthy upgrades:
- Citigroup upgraded Cablevision (NYSE: CVC) to Hold from Sell with a $36 target to reflect the Dolan's bid for the company.
- Credit Suisse upgraded shares of UAL Corp (NASDAQ: UAUA) to Outperform from Neutral citing valuation and capacity reductions.
- Abbott Labs (NYSE: ABT) was upgraded to Overweight from Equal Weight at Lehman Brothers citing valuation and potential upside in the pharma business.
- Bear Stearns raised Darden Restaurants (NYSE: DRI) to Outperform from Peer Perform citing the announcement of the divestiture of Smokey Bones, which takes away a drag on earnings.
- Wachovia upgraded the food industry to Overweight from Equal Weight, saying food companies are beginning to drive higher prices through the supply chain and yields look attractive.
OTHER UPGRADES:
- Buckingham raised DSW Inc (NYSE: DSW) to Accumulate from Neutral with a $46 target.
- Deutsche Bank upgraded Cemex ADS (NYSE: CX) to Buy from Hold with a $41 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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