pvct posts
FeedPosted Apr 7th 2009 10:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Microsoft (MSFT), Netflix, Inc. (NFLX), Nokia Corp. (NOK), American Express (AXP), Automatic Data Proc (ADP), Analyst initiations, Symantec Corp (SYMC)
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Analyst upgrades:
- RBC Capital believes software stock fundamentals have bottomed and that the next several quarters should see reduced earnings risk, easier comps, stimulus spending benefits, and lower FX headwinds. The firm upgraded Microsoft (NASDAQ: MSFT), Taleo (NASDAQ: TLEO), Digital River (NASDAQ: DRIV) and Symantec (NASDAQ: SYMC) to Outperform from Sector Perform.
- Rodman & Renshaw upgraded Provectus (OTC: PVCT) to Outperform from Market Perform. The firm has increased conviction in the success of the company's ongoing trial of PV-10 in melanoma.
- Citigroup upgraded shares of American Express (NYSE: AXP) to Hold from Sell as it believes the risk/reward is balanced at current levels and that there are signs of potential credit market stabilization. The firm raised its price target on shares to $16 from $9.
- Brinker (NYSE: EAT) was upgraded to Outperform from Market Perform at Wachovia.
- PG&E (NYSE: PCG) was raised to Outperform from Neutral at Credit Suisse.
- Federal-Mogul (NASDAQ: FDML) was lifted to Conviction Buy from Buy at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: MSFT, AXP, RBS, FIATY, NFLX ...
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