ldt posts
FeedPosted Dec 1st 2008 12:22PM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Netflix, Inc. (NFLX), Analyst initiations, Limited Brands (LTD), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP)
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Analyst upgrades:
- Oppenheimer upgraded shares of Premiere Global (NYSE: PGI) to Outperform from Perform on valuation and believes the company's strategic initiatives will drive "healthy" top-line results in a difficult economy.
- Citigroup upgraded Prudential (NYSE: PRU) to Buy from Hold on valuation, as they believe the stock is oversold at current levels. Though upgraded, the firm lowered their target price to $30 from $80.
- Citigroup also upgraded Bankrate (NASDAQ: RATE) to Buy from Hold as they believe the company will benefit from the financial market volatility and that the risk/reward is attractive at current levels. The firm maintains a $40 target on the stock.
- Hospitality Properties (NYSE: HPT) was raised to Outperform from Sector Perform at RBC Capital.
- Diamond Offshore (NYSE: DO) was upgraded at Merrill Lynch to Buy from Neutral.
- Alcon (NYSE: ACL) was upgraded to Outperform from Market Perform at Wachovia.
Analyst downgrades:Continue reading Analyst calls: PRU, RATE, ACL, LTD, STM, SNP, NFLX, RTP, BHP, OXY ...
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