strt posts
FeedPosted Apr 13th 2009 12:30PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Applied Materials (AMAT), Corning Inc (GLW), Goldman Sachs Group (GS), Intuit Inc (INTU), Analyst initiations, Wells Fargo (WFC), salesforce.com inc (CRM)
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Analyst upgrades:
- Jefferies upgraded shares of SourceFire (NASDAQ:FIRE) to Buy from Hold as they believe the company is benefiting from recent spending by the U.S. Federal government and private enterprises to improve cybersecurity. The firm raised their price target on the stock to $11 from $7.
- Piper Jaffray upgraded Brocade (NASADAQ:BRCD) to Buy from Neutral as they believe an expanded OEM announcement with IBM (NYSE:IBM) could be announced as early as the end of April, creating a positive catalyst. The firm raised their price target on the stock to $6 from $4.
- UBS upgraded Salesforce.com (NYSE:CRM) to Buy from Sell but lowered their target to $4 from $21 citing reduced churn and cashflow concerns, expectations for FY10 to be a trough year, and a potential reacceleration in deferred growth.
- AK Steel (NYSE:AKS) was raised to Buy from Neutral at Goldman.
- Strattec (NASDAQ:STRT) was raised to Neutral from Underperform at Baird.
- Lululemon (NASDAQ:LULU) was upgraded at William Blair to Outperform from Market Perform.
Continue reading Analyst upgrades, downgrades and initiations
Posted Apr 20th 2007 11:22AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Good news, Netflix, Inc. (NFLX), Penney (J.C.) (JCP), Palm Inc (PALM), Marriott Intl'A' (MAR)
MOST NOTEWORTHY: Strattec Security Corp (STRT), Palm, Inc (PALM), Netflix, inc (NFLX), J.C. Penney Co, Inc (JCP) and Marriott International Inc (MAR) were some of today's noteworthy upgrades:
- Shares of Palm, Inc (NASDAQ: PALM) were raised to Equal Weight from Underweight at Lehman Bros.
- Banc of America upgraded Netflix Inc (NASDAQ: NFLX) to Neutral from Sell based on valuation.
- J.C. Penney Co Inc (NYSE: JCP) was raised to Strong Buy from Accumulate with a $105 target at Buckingham, citing strategic merchandise, flow and cycle-timing initiatives.
- Wachovia believes that as the lodging cycle matures, Marriott International's (NYSE: MAR) diversified fee-based, unit-driven model will outperform relative to pure hotel-owned companies, and upgraded shares to Outperform from Market Perform.
OTHER UPGRADES:
- Goldman Sachs upgraded CNOOC Ltd (NYSE: CEO) to Buy from Neutral.
- Oppenheimer upgraded Playtex Products, Inc (NYSE: PYX) to Buy from Neutral on its acquisition of Tiki Hut, strong fundamentals and realistic investor expectations.
- Shares of VCA Antech, Inc (NASDAQ: WOOF) were upgraded to Outperform from Market Perform at Morgan Keegan.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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