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Analyst upgrades, downgrades and initiations: VZ, T, GT, RIO, XRX, MA ...

Analyst upgrades:
  • Citigroup upgraded WebMD (NASDAQ: WBMD) shares to Buy from Hold on valuation following the company's Q4 results and outlook. The firm maintains a $25 target on the stock.
  • Goldman upgraded Verizon (NYSE: VZ) and AT&T (NYSE: T) to Buy from Neutral based on valuation and expectations for 2010 earnings growth.
  • Roth upgraded Maxwell Tech (NASDAQ: MXWL) to Buy from Hold following the company's Q4 results to reflect strong ultracapacitor sales growth and gross margin improvement. The firm maintains a $12 target on the stock.
  • Nara Bancorp (NASDAQ: NARA) was raised to Market Perform from Underperform at Friedman Billings.
  • Cubic (NYSE: CUB) was upgraded to Neutral from Overweight at JP Morgan.
  • Terex (NYSE: TEX) was lifted to Outperform from Market Perform at Wachovia.

Continue reading Analyst upgrades, downgrades and initiations: VZ, T, GT, RIO, XRX, MA ...

Analyst upgrades 5-03-07: CMVT, IFF, JBHT, RTN and SYMC

MOST NOTEWORTHY: J.B. Hunt Transport Services, Inc (JBHT), Nvidia Corp (NVDA), International Flavors & Fragrances Inc (IFF), RealNetworks, Inc (RNWK) and Marchex (MCHX) were today's noteworthy upgrades:
  • Pacific Growth upgraded shares of Nvidia Corp (NASDAQ: NVDA) to Buy from Neutral citing valuation.
  • Susquehanna upgraded Marchex Inc (NASDAQ: MCHX) to Positive from Neutral. Susquehanna has increased confidence that Marchex will be able to increase monetization via Yahoo!'s (YHOO) Panama upgrade, improving 2008 TAC rates and increased value of owned sites following a major upgrade for 2H07.
OTHER UPGRADES:
  • Jefferies raised Symantec Corp (NASDAQ: SYMC) shares to Buy from Hold with a $21 target.
  • Raytheon Co (NYSE: RTN) was upgraded to Overweight from Equal Weight at Lehman Brothers.
  • SPX Corp (NYSE: SPW) was raised to Neutral from Underperform at Needham.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 06:40 PM

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