mndl posts
FeedPosted Mar 20th 2009 10:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Johnson and Johnson (JNJ), Sony Corp ADR (SNE), Expedia Inc (EXPE), Starwood Hotels Worldwide (HOT), Analyst Initiations, Urban Outfitters (URBN)
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Analyst upgrades:
- Citigroup upgraded Expedia (NASDAQ: EXPE) to Buy from Hold as they believe the company's fee elimination coupled with 2009 industry trends could lead to market share gains and that the valuation is compelling at current levels. Citigroup raised its price target to $14 from $9 on EXPE shares.
- Credit Suisse upgraded Lukoil (OTC: LUKOY) to Outperform from Neutral as it believes lower taxes and the ruble's decline will increase profitability.
- Soleil upgraded Jo Ann Stores (NYSE: JAS) to Buy from Hold as it believes the company's sales results in the first half of 2009 could top expectations. The firm raised its target price to $20 from $16.
- Johnson & Johnson (NYSE: JNJ) was upgraded to Buy from Neutral at UBS.
- Bayer AG (OTC: BAYRY) was lifted to Buy from Neutral at Banc of America/Merrill.
- ManTech (NASDAQ: MANT) was raised at Wachovia to Outperform from Market Perform.
Continue reading Analyst upgrades, downgrades and initiations: EXPE, JNJ, HOT, URBN, SNE ...
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