- SanDisk (SNDK) was upgraded to outperform from neutral at RW Baird.
- JPMorgan resumed Potash (POT) at overweight, up from neutral.
- Ariba (ARBA) was upgraded to buy from neutral at Roth Capital.
- Cirrus Logic (CRUS) was upgraded to buy from hold at Jefferies.
- Morgan Stanley upgraded Tesoro (TSO) to overweight from equal weight.
- Solarfun Power (SOLF) was upgraded to buy from hold at Auriga.
- Barclays upgraded Ciena (CIEN) to overweight from equal weight.
- Optimer Pharm (OPTR) was upgraded to outperform from market perform at JMP Securities.
- Argo Group (AGII) was upgraded to outperform from market perform at FBR Capital.
- BofA/Merrill upgraded Green Mountain (GMCR) to buy from underperform and Southern Company (SO) to neutral from underperform.
green mountain posts
FeedAnalyst Calls: ATW, CIEN, DE, GMCR, GPN, MEE, MT, POT, SNDK, SO, TSO ...
Continue reading Analyst Calls: ATW, CIEN, DE, GMCR, GPN, MEE, MT, POT, SNDK, SO, TSO ...
Analyst upgrades: GM, GMCR, OREX and NHY
MOST NOTEWORTHY: General Motors, Green Mountain Coffee, Orexigen and Norsk Hydro were today's noteworthy upgrades:- Banc of America upgraded shares of General Motors Corporation (NYSE: GM) to Neutral from Sell as they believe the agreement with the United Auto Workers union offsets a worsening outlook for sales.
- Piper Jaffray upgraded shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) to Outperform from Market Perform after a meeting with management as they believe shares offer a compelling buying opportunity at current levels based on their 2009 estimates.
- JMP Securities upgraded shares of Orexigen Therapeutics (NASDAQ: OREX) to Strong Buy from Market Outperform as they believe the company's lead product candidates, Empatic and Contrave, could become front-line therapies for obesity due to improved durability of efficacy, increased safety and tolerability, and lack of addiction.
- Norsk Hydro (NYSE: NHY) was upgraded to Buy from Hold at Citigroup. The firm sees upside in the stock from the volume growth and further improvements in downstream operations.
- Lehman upgraded Temple Inland (NYSE TIN) to Overweight from Equal Weight.
- Ciena Corporation (NASDAQ: CIEN) was upgraded to Buy from Neutral at Merrill Lynch.
- HSBC upgraded ENI SpA (NYSE: E) to Overweight from Neutral.
- Nollenberger raised shares of Symyx Technologies (NASDAQ: SMMX) to Buy from Neutral.
Analyst downgrades: CHK, CVC, KNOT and WWY
MOST NOTEWORTHY: Knot Inc (KNOT), Cablevision (CVC), Chesapeake Energy Corp (CHK), Green Mountain Coffee (GMCR) and Intermec (IN) were today's noteworthy downgrades: - Merriman downgraded shares of Knot Inc (NASDAQ: KNOT) to Neutral from Buy following the company's mixed outlook to reflect poor visibility.
- Cablevision (NYSE: CVC) was downgraded to Market Perform from Outperform at Wachovia following its disappointing Q2 report and guidance. The firm does not expect a higher Dolan bid.
- Wachovia also downgraded shares of Chesapeake Energy Corp (NYSE: CHK) to Market Perform from Outperform. The firm said management expects an equity offering in the next 6-9 months, which is in contrast to recent comments regarding capital discipline and funding plans.
- Green Mountain Coffee (NASDAQ: GMRC) was downgraded to Market Perform from Outperform at Piper Jaffray on valuation and tough year/year comparisons.
OTHER DOWNGRADES:
- Lehman downgraded Novo Nordisk (NYSE: NVO) to Equal Weight from Overweight.
- Davenport downgraded Wm. Wrigley Jr. Co (NYSE: WWY) to Neutral from Buy on valuation.
- Delta Petroleum (NASDAQ: DPTR) was downgraded at Merrill Lynch to Sell from Neutral.
Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?


