grh posts
FeedPosted Sep 16th 2008 12:13PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Apple Inc (AAPL), Ford Motor (F), General Motors (GM), Chubb Corp (CB), , Palm Inc (PALM), Lilly (Eli) (LLY), Analyst Initiations, Broadcom Corp'A' (BRCM), Unilever ADR (UL), JetBlue Airways (JBLU)
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Analyst upgrades:
- Merrill upgraded shares of General Motors (NYSE: GM) and Ford (NYSE: F) to Neutral from Underperform on expectations for fundamentals to improve in 2009.
- Citigroup upgraded Chubb (NYSE: CB) and Travelers Group (NYSE: TRV) to Buy from Hold as they expect the company to benefit from the AIG (NYSE: AIG) fallout. The firm raised Chubb's target to $57 from $56 and Travelers Group's target to $51.50 from $49.50.
- Credit Suisse upgraded shares of SAP AG (NYSE: SAP) to Outperform from Neutral as they believe margin expansion can drive higher profitability.
- JetBlue (NASDAQ: JBLU) was upgraded to Buy from Hold at Argus.
- Goldman raised Merrill Lynch (NYSE: MER) to Neutral from Sell.
- NetLogic (NASDAQ: NETL) was upgraded to Buy from Neutral at Piper.
Analyst downgrades:
- JP Morgan downgraded Eli Lilly (NYSE: LLY) to Underweight from Neutral citing the company's early stage pipeline and generic competition.
- Merrill downgraded Unilever (NYSE: UL) to Neutral from Buy as they believe the incoming CEO is unlikely to bring a major restructuring or split up the company.
Continue reading Analyst calls: GM, F, CB, MER, LLY, UL, BRCM, AAPL, PALM ...
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