MOST NOTEWORTHY: JetBlue Airways Corp (JBLU), Nationwide Financial (NFS) and Deere & Co (DE) were today's notable upgrades:
- Goldman Sachs upgraded JetBlue Airways Corp (NASDAQ: JBLU) to Buy from Neutral with a $16 target and added shares to their America's Buy List, as they believe management initiatives should bring improved margins.
- Nationwide Financial Services Inc (NYSE: NFS) was upgraded to Peer Perform from Underperform at Bear Stearns.
- Deere (DE) was upgraded to Neutral from Sell at Longbow.
OTHER UPGRADES:
- United Parcel Service Inc (NYSE: UPS) was added to Citigroup's Recommended List based on valuation.
- Morgan Stanley upgraded Baidu.com Inc ADS (NASDAQ: BIDU) to Equal Weight from Underweight.
- Bear Stearns upgraded Office Depot Inc (NYSE: ODP) to Outperform from Peer Perform with a $43 target based on valuation and the potential upside to lowered guidance.
- AG Edwards upgraded American Eagle Outfitters inc (NASDAQ: AEOS) to Buy from Hold with a $41 target on valuation.
- Oppenheimer upgraded Qualcomm Inc (NASDAQ: QCOM) to Buy from Neutral with a $50 target citing the impact of MediaFlo mobile TV services, GSM Association 3G initiatives, and WDCMA deployment in the U.S. at AT&T/Cingular (NYSE: T).
- BB&T upgraded Equity Inns Inc (NYSE: ENN) to Buy from Hold following the company's fourth-quarter results.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).