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Analyst upgrades 7-12-07: ISCA, LMT, MRK and STX

Posted Jul 12th 2007 11:02AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Merck and Co (MRK), Lockheed Martin (LMT), Analyst Initiations

MOST NOTEWORTHY: Today's noteworthy upgrades included Lockheed Martin (LMT), Raytheon (RTN), Hartford Financial (HIG), Seagate Technology (STX) and CommScope (CTV):

JP Morgan upgraded two defense stocks today: Lockheed Martin (NYSE: LMT) was upgraded to Neutral from Underweight on valuation;

Raytheon (NYSE: RTN) was raised to Overweight from Neutral, with expectations for the company to post above average organic growth driven by strong bookings. The firm also raised Raytheon's 2008 EPS estimate to $3.80 from $3.60, well above the consensus estimate.

AG Edwards believes Hartford Financial's (NYSE: HIG) recent weakness has created a buying opportunity and upgraded shares to Buy from Hold.

Seagate (NYSE: STX) was upgraded to Buy from Hold at Brean Murray as checks indicate a healthy seasonal uptick in demand for drives and PCs in 2H07.

CommScope (NYSE: CTV) was Upgraded to Outperform from Market Perform at Morgan Keegan based on higher 2007 and 2008 expectations along with accretion from the Andrew acquisition...

OTHER UPGRADES:

BMC Software (NYSE: BMC) was upgraded to Neutral from Underperform at Credit Suisse.

Friedman Billings raised Kimco Realty (NYSE: KIM) to Outperform from Market Perform.

Merck (NYSE: MRK) was upgraded to Buy from Hold at AG Edwards.

Int'l Speedway (NASDAQ: ISCA) was upgraded to Buy from Hold at Matrix USA.

JP Morgan added Cognizant Technology Solutions (NASDAQ: CTSH) to its JP Morgan Focus List.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 7-11-07: CPB, FRX, NYX and YUM

Posted Jul 11th 2007 10:42AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Good news, Campbell Soup (CPB), Yum Brands (YUM)

MOST NOTEWORTHY: Campbell Soup Co (CPB), Yum! Brands (YUM), NYSE Euronext (NYX), Forest Laboratories (FRX) and International Speedway Corp (ISCA) were some of today's noteworthy upgrades:

JP Morgan upgraded shares of Campbell Soup (NYSE: CPB) to Overweight from Neutral as they believe the company's entrance into Russia and China is not priced into shares. JP Morgan also added CPB to their Analyst Focus List.

UBS upgraded shares of Yum! Brands (NYSE: YUM) to Buy from Neutral based on higher estimates for international, potential debt leverage, and a potential minority spin-off of its China business.

Lehman upgraded NYSE Euronext (NYSE: NYX) to Overweight from Equal Weight on valuation following the recent weakness. They believe Q2 earnings and a potential S&P 500 Index addition could be a catalyst for gains.

UBS upgraded Forest Labs (NYSE: FRX) to Buy from Neutral on valuation and their belief that the company will prevail in a patent dispute over Lexapro with Teva Pharmaceutical Industries Ltd (TEVA).