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FeedPosted Sep 30th 2008 11:15AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Intel (INTC), Research in Motion (RIMM), Abercrombie and Fitch (ANF), Analyst initiations, Wells Fargo (WFC)
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Analyst upgrades:
- Piper upgraded Intel (NASDAQ: INTC) to Buy from Neutral to reflect the company's strong competitive position and low valuation. The firm does not expect Intel to miss Q3 estimates.
- Goldman upgraded shares of Deutsche Telecom (NYSE: DT) to Buy from Neutral and added the stock to the Conviction Buy List as they believe the dividend is well covered.
- Wachovia upgraded Landstar System (NASDAQ: LSTR) to Outperform from Market Perform on valuation and potential near-term catalysts from hurricane-related activities.
- Abercrombie & Fitch (NYSE: ANF) was raised to Outperform from Market Perform at Friedman Billings.
- Research in Motion (NASDAQ: RIMM) was upgraded at JMP Securities to Outperform from Market Perform.
- Baird lifted Wells Fargo (NYSE: WFC) to Neutral from Underperform.
Analyst downgrades:
- Jefferies downgraded VCA Antech (NASDAQ: WOOF) to Underperform from Buy as they believe reduced consumer spending and rising unemployment levels will hurt the company's hospital and lab volumes in FY09. The company's target was lowered to $25 from $35.
- Oppenheimer downgraded shares of Total System (NYSE: TSS) to Perform from Outperform to reflect the challenging macro environment and the customer portfolio risk from bank consolidation.
Continue reading Analyst calls: INTC, DT, ANF, RIMM, WFC, FITB, TDW, ROK ...
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