initiatons posts
FeedPosted Jun 22nd 2009 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst Upgrades
- McAdams Wright expects Dendreon's (NASDAQ: DNDN) near-term momentum to continue but has long-term concerns that Street estimates are too high. The firm upgraded shares to Hold from Sell.
- JPMorgan upgraded Ameristar Casinos (NASDAQ: ASCA) to Overweight from Neutral to reflect valuation, potential catalysts from Colorado's easing gaming regulations, and the company's strong free cash flow. The firm raised its target on shares to $24 from $20.
- Citigroup upgraded Valspar (NYSE: VAL) to Hold from Sell after channel checks indicated paint demand is shifting to big-box retailers, the company's primary sales channel. The firm raised its target on shares to $22 from $19.
- Vulcan Materials (NYSE: VMC) was upgraded to Buy from Neutral at UBS.
- Altera (NASDAQ: ALTR) was raised to Outperform from Sector Perform at RBC Capital.
- Spectra Energy (NYSE: SEP) was upgraded to Neutral from Sell at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: ALU, BJ, CPB, KMX, PGR
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