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Analyst upgrades, downgrades and initiations: AXP, CAT, BMY, GNK, TXCO ...

Analyst upgrades:
  • Societe Generale upgraded shares of Veolia Environment (NYSE: VE) to Buy from Hold as they believe the company's new finance chief implement additional cost savings.
  • Citigroup upgraded shares of Sun Healthcare (NASDAQ: SUNH) to Buy from Hold and added the stock to their Top Picks Live List as they believe the market is pricing in a more severe Medicaid and Medicare reimbursement outlook than is probable. The firm has a $14 target on the stock.
  • Calyon believes in 2010, American Express (NYSE: AXP) will have easy comps, reserve releases, and income statement leverage. The firm upgraded shares to Outperform from Underperform.
  • Societe Generale (OTC: SCGLY) was upgraded to Buy from Hold at Citigroup.
  • Caterpillar (NYSE: CAT) was raised to neutral from Sell at UBS.
  • Goldman upgraded Biogen Idec (NASDAQ: BIIB) to Buy from Neutral and added shares to the Conviction Buy List; Goldman also added Bristol-Myers (NYSE: BMY) to the Conviction Buy List.

Continue reading Analyst upgrades, downgrades and initiations: AXP, CAT, BMY, GNK, TXCO ...

Analyst calls: UBS, BP, TOT, DISH, EBAY, JNPR, HBC, HBAN ...

Analyst upgrades:
  • Deutsche Bank upgraded shares of UBS (NYSE: UBS) to Buy from Hold following the company's Q3 update as they believe the quarter marks a turning point.
  • Merill raised BP Plc (NYSE: BP) and Total SA (NYSE: TOT) to Neutral from Underperform.
  • DISH Network (NASDAQ: DISH) was lifted to Hold from Sell at Soleil.
  • Friedman Billings upgraded Sovereign Bancorp (NYSE: SOV) to Market Perform from Underperform as they believe the company's deposits are showing stability despite the massive sell-off.
  • Kaufman Bros. raised Longtop Financial (NYSE: LFT) to Buy from Hold on valuation as they believe Chinese software service stocks now reflect the investment risks.
  • Lear (NYSE: LEA) was upgraded to Hold from Sell at Citigroup.
Analyst downgrades:
  • Morgan Stanley downgraded eBay (NASDAQ: EBAY) to Equal Weight from Overweight citing checks that indicate deteriorating trends are worst than expected.
  • Juniper (NASDAQ: JNPR) and Pediatrix Medical (NYSE: PDX) were downgraded to Market Perform from Outperform at Morgan Keegan.
  • Merrill cut StatoilHydro (NYSE: STO) to Underperform from Neutral.
  • HSBC (NYSE: HBC) was lowered to Market Perform from Outperform at Keefe Bruyette.

Continue reading Analyst calls: UBS, BP, TOT, DISH, EBAY, JNPR, HBC, HBAN ...

Symbol Lookup
IndexesChangePrice
DJIA+73.0010,270.47
NASDAQ+18.862,167.88
S&P 500+6.241,093.48

Last updated: November 14, 2009: 08:14 AM

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