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Analyst upgrades 7-23-07: AFL, AMGN, BUD and TIVO

MOST NOTEWORTHY: Anheuser-Busch (BUD), Imax Corp (IMAX), Amgen (AMGN), Fifth Third Bancorp (FITB) and TiVO (TIVO) were today's noteworthy upgrades:
  • Citigroup upgraded shares of Anheuser-Busch (NYSE: BUD) to Hold from Sell as they see a 70% chance of an alliance between Anheuser-Busch and InBev in the next two years; they believe such a merger would create a market leader.
  • Merriman upgraded IMAX Corp (NASDAQ: IMAX) to Buy from Neutral after IMAX removed its overhang by completing SEC filings, while fundamentals have remained strong.
  • Citigroup upgraded Amgen (NASDAQ: AMGN) to Hold from Sell to reflect the potential for CMS to roll back proposed reimbursement cuts in oncology, an improving risk/reward profile and the potential for positive phase 3 denosumab data by year-end.
  • Kaufman upgraded TiVO (NASDAQ: TIVO) to Buy from Sell as indicators of the change in its business model suggest a positive transaction. The firm feels the the EchoStar (DISH) litigation provides an attractive risk/reward potential, creating an attractive entry point...
OTHER UPGRADES:
  • Aflac (NYSE: AFL) was upgraded at Lehman to Overweight from Underweight.
  • Navteq (NYSE: NVT) was upgraded to Buy from Neutral at UBS.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Kodak poised for a comeback?

Kodak's had a hard time over the past ten years. With the advent of the digital camera, Kodak's tried and true business model of cheap cameras and expensive film didn't translate too well. With lackluster digital offerings, especially when compared to its European and Japanese competitors, some worried Eastman-Kodak's (NYSE: EK) financial future wasn't exactly a "Kodak Moment." Now, it looks like Eastman-Kodak is kicking off a new digital push. Their new "fully featured" cams feature facial recognition, intelligent color metering, and integrated GPS.

Taking a page from "viral marketing 101," the company produced a pretty funny internal video, then posted it on YouTube.

It's definitely a refreshing video. Nice to see someone else hated the Advantix system... plus a resurgence of the "Kodak Moment" wouldn't be so bad. Although, I'm not sure the schmaltz really goes to 11 just yet; we'll have to see at next week's Consumer Electronics show.

[Via Engadget]

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Last updated: February 11, 2012: 05:03 AM

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