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FeedPosted Nov 2nd 2007 11:55AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Diageo plc (DEO), Coca-Cola Enterprises (CCE)
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MOST NOTEWORTHY: RadiSys, Diageo plc, Vitesse, Big 5 Sporting Goods and Coca-Cola Enterprises were today's noteworthy upgrades:
- Jefferies upgraded shares of RadiSys (NASDAQ: RSYS) to Buy from Hold following the Q3 upside to reflect the large ramp of new business expected in 2008.
- Lehman raised its rating on Diageo plc (NYSE: DEO) to Equal Weight from Underweight and has increased confidence that the group can increase margins.
- CIBC upgraded shares of Vitesse (NASDAQ: VTSS) to Sector Performer from Sector Underperformer following the company's business update, as they believe progress is being made on numerous fronts.
- Nollenberger upgraded shares of Big 5 Sporting Goods (NASDAQ: BGFV) to Buy from Neutral following the better-than-expected Q3 results and improved full-year outlook, as they believe visibility has improved significantly.
- Citigroup upgraded Coca-Cola Enterprises (NYSE: CCE) to Buy from Hold on valuation as they believe the stock is undervalued given Glaceau's expansion to European markets. The broker recommends taking profits in Pepsi Bottling Group (NYSE: PBG) and swapping into CCE.
OTHER UPGRADES:
Posted Jan 31st 2007 11:16AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Kellogg Co (K), Office Depot (ODP), Juniper Networks (JNPR)
MOST NOTEWORTHY: Kellogg Co (K) and the Auto & Truck Supplier Sector were today's noteworthy downgrades:
- JP Morgan downgraded Kellogg Co (NYSE: K) to Neutral from Outperform, citing reduced earnings growth.
- Baird downgraded the Auto & Truck Supplier Sector to Market Underweight citing valuation and lower estimates; the firm downgraded American Axle & Manufacturing Holdings Inc (NYSE: AXL), Autoliv Inc (NYSE: ALV) and Modine Manufacturing Co (NYSE: MOD) to Underperform from Neutral.
OTHER DOWNGRADES:
- JP Morgan downgraded Juniper Networks Inc (NASDAQ: JNPR) to Market Perform from Outperform with a $22 target, explaining that although Juniper's December quarter showed improved revenue results, earnings guidance was disappointing given investment plans for 2007.
- Sanders Morris downgraded Benihana Inc (NASDAQ: BNHNA) to Buy from Strong Buy with a $38 target, noting that they cannot find enough catalysts that would push shares another 20% in the next six months; however, the firm is still bullish on Benihana's short-term and long-term outlooks.
- Credit Suisse downgraded Office Depot Inc (NYSE: ODP) to Neutral from Outperform, with a $41 target and believes that expectations to be overly optimistic.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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