meng posts
FeedPosted Sep 15th 2008 12:03PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, JPMorgan Chase (JPM), D.R.Horton (DHI), Goldman Sachs Group (GS), Amer Intl Group (AIG), Lowe's Cos (LOW), AMR Corp (AMR), Contl Airlines'B' (CAL), Analyst initiations, JetBlue Airways (JBLU), Delta Air Lines (DAL), , Potash Corp. of Saskatchewan (POT)
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Analyst upgrades:
- UBS believes US airlines estimates are too low and will move higher. The firm upgraded AirTran (NYSE: AAI), AMR Corp (NYSE: AMR), Continental (NYSE: CAL), Delta (NYSE: DAL) and Northwest (NYSE: NWA) to Buy from Neutral and JetBlue (NASDAQ: JBLU) to Neutral from Sell.
- JMP Securities upgraded DealerTrack (NASDAQ: TRAK) to OUtperform from Market Perform as they believe 2H08 guidance represents a floor and that 2009 estimates are achievable, among other reasons.
- Potash (NYSE: POT) and Mosaic (NYSE: MOS) were raised to Buy from Hold at Soleil.
- Argus upgraded Seagate (NYSE: STX) to Buy from Hold on Friday.
Analyst downgrades:
- Jefferies downgraded Citrix Systems (NASDAQ: CTXS) to Underperform from Hold as they do not see a catalyst for the company to grow into 2009 consensus estimates. The firm lowered their target price to $25 from $32.
- Citigroup said following Lehman's (NYSE: LEH) bankruptcy, they expect a distressed-sale of American International's (NYSE: AIG) MBS portfolio, resulting in the worst quarter yet for the company. Shares were cut to Hold from Buy.
- D.R. Horton (NYSE: DHI) was downgraded to Sell from Hold and Pulte Homes (NYSE: PHM) was downgraded to Hold from Sell at Citigroup.
- Merrill downgraded Goldman Sachs (NYSE: GS) to Neutral from Buy and JP Morgan (NYSE: JPM) to Underperform from Neutral.
Continue reading Analyst calls: AAI, AMR, CAL, POT, AIG, DHI, PHM, GS, JPM, LOW ...
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