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Analyst upgrades 8-07-07: BKC, EAT, GPS and NWA

MOST NOTEWORTHY: Buffalo Wild Wings (BWLD), Pepsi Bottling (PBG), Brinker International (EAT), Northwest Airlines (NWA) and Spectrum Brands (SPC) were today's noteworthy upgrades:
  • Merriman upgraded shares of Buffalo Wild Wings (NASDAQ: BWLD) to Buy from Neutral on valuation as they believe the 25% sell-off post in-line earnings is overdone.
  • Banc of America upgraded shares of Pepsi Bottling (NYSE: PBG) to Buy from Neutral to reflect the company's earnings power in 2008, ongoing cost controls and more robust product pipeline.
  • SMH Capital upgraded shares of Brinker Int'l (NYSE: EAT) as they believe expectations are too low for Q4 and FY08.
  • Northwest Airlines (NYSE: NWA) was upgraded to Overweight from Equal Weight at Morgan Stanley on valuation.
  • Spectrum Brands (NYSE: SPC) was upgraded to Neutral from Underperform at Buckingham on valuation...
OTHER UPGRADES:
  • Gap (NYSE: GPS) was upgraded to Neutral from Underperform at CL King & Associates.
  • Raymond James upgraded Ruby Tuesday (NYSE: RT) to Market Perform from Underperform.
  • MetLife (NYSE: MET) was added to Goldman Sachs' Conviction Buy List.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 7-12-07: AZO, DNDN, NOC and RT

MOST NOTEWORTHY: Dendreon Corp (DNDN), Cubic Corp (CUB), Endo Pharmaceuticals (ENDO), Northrop Grumman (NOC) and Royal Dutch Shell (RDS.A) were today's notable downgrades:
  • JMP Securities downgraded shares of Dendreon Corp (NASDAQ: DNDN) to Market Underperform from Market Perform based on the company's uncertain product pipeline and the recent SEC filing that revealed that certain officers and directors are facing potential shareholder lawsuits regarding trading activities.
  • Friedman Billings cut Cubic Corp (AMEX: CUB) to Underperform from Market Perform on valuation.
  • RBC Capital downgraded Endo Pharmaceuticals (OTCBB: ENDP) to Sector Perform from Outperform following the company's withdrawal of guidance pertaining to its NDA for the Ketoprofen patch.
  • Northrop Grumman (NYSE: NOC) was cut to Neutral from Overweight at JP Morgan on valuation. UBS cut Royal Dutch Shell to Neutral from Buy on valuation...
OTHER DOWNGRADES:
  • Robinson Humphries downgraded Ruby Tuesday (NYSE: RT) to Neutral from Buy.
  • Montgomery downgraded shares of Taleo Corp (NASDAQ: TLEO) to Hold from Buy.
  • Credit Suisse downgraded AutoZone (NYSE: AZO) to Neutral from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Can't wait for iPhone? Special-order this $300k cell phone

I know, you're all waiting eagerly for the release of the iPhone, Apple Inc.'s (NASDAQ: AAPL) long-awaited mega phone. Or maybe you've decided you're an upscale type and are willing to wait even longer for the U.S. release of LG's Prada phone (currently sold in Europe for about $800 USD, and to be offered on the Verizon (NYSE: VZ) network), expected in "late summer" 2007. Didn't you realize there's a third option for the status-hungry, dripping-with-money types?

For only $300,000, or thereabouts, you could be dripping in mobile phone-ness with the Vertu "Signature Cobra," pictured here. Only eight of the phones -- encrusted with 439 rubies and wicked emerald cobra eyes -- will be produced, but you'll have to special-order. Vertu is known for its excessively fashionable technology; its phone service features a "concierge" button which connects you to personal assistance for travel, restaurants, and events.

While the concierge sure beats the Apple iPhone's ability to Google "Starbucks" and then call and order 4,000 lattes (haha Steve! you're such a funny one), I think I'd rather have yummy technology than eye-popping jewelry. And wouldn't it suck if you left your phone in a cab?

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 13, 2009: 01:27 AM

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