mbvt posts
FeedPosted Nov 6th 2008 11:31AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Adobe Systems (ADBE), Whole Foods Market (WFMI), News Corp'B' (NWS), Analyst initiations, Gilead Sciences (GILD)
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Analyst upgrades:
- Citigroup upgraded shares of Sovereign Bancorp (NYSE: SOV) to Buy from Hold on their belief Sovereign will merge with Banco Santander (NYSE: STD) according to the terms on their October 13 agreement.
- Jefferies upgraded Whole Foods (NASDAQ: WFMI) to Hold from Underperform on valuation as they believe the capital infusion from Leonard Green limits downside risk. The company's target was raised to $11 from $9.50.
- Banc of America upgraded Max Capital (NASDAQ: MXGL) to Buy from Neutral on valuation, the company's strategic changes to lower earnings volatility and their belief it is well positioned to benefit from an improved P&C marketplace.
- Qimonda (NYSE: QI) was upgraded to Neutral from Underperform at Cowen.
- Health Net (NYSE: HNT) was raised to Neutral from Sell at Goldman.
- Parkway Properties (NYSE: PKY) was lifted to Market Perform from Underperform at Wachovia.
Analyst downgrades:Continue reading Analyst calls: WFMI, SOV, STD, QI, NWS, ENS, GILD, ADBE
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