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FeedPosted Oct 20th 2008 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Daimler (DAI), Applied Materials (AMAT), ConocoPhillips (COP), Monster Worldwide (MNST), Analyst initiations
Analyst upgrades:
- Goldman upgraded Applied Materials (NASDAQ: AMAT) to Buy from Sell and added shares to its Conviction Buy List citing valuation. The firm also upgraded the Semiconductor Capital Equipment Sector to Attractive.
- Morgan Keegan believes Cisco Systems (NASDAQ: CSCO) will emerge from the slowdown as a stronger company with greater market share and expansion into adjacent markets. Shares were upgraded to Outperform from Market Perform.
- Pfizer (NYSE: PFE) was upgraded to Overweight from Equal Weight at Barclays.
- Daimler (NYSE: DAI) was upgraded at UBS to Neutral from Sell.
- Friedman Billings upgraded Mariner Energy (NYSE: ME) to Market Perform from Underperform on valuation and the company's upcoming catalysts in the deepwater GOM.
- Swiss Reinsurance (OTC: SWCEY) was raised to Buy from Hold at Citigroup.
Analyst downgrades:
- Intel (NASDAQ: INTC) was downgraded to Neutral from Buy at Goldman.
- Deutsche Bank cut Hess Corp (NYSE: HES) and Marathon Oil (NYSE: MRO) to Hold from Buy and Suncor (NYSE: SU) and ConocoPhillips (NYSE: COP) to Sell from Hold after cutting their oil price forecast for 2009 to $60/bbl and 2010 to $58/bbl.
- Merrill downgraded Akzo Nobel (OTC: AKZOY) to Neutral from Buy on expectations the company's coatings end markets will worsen and chemicals division will see pressure next year.
- Monster (NASDAQ: MNST) was lowered at Citigroup to Hold from Buy.
Continue reading Analyst calls: AMAT, CSCO, PFE, DAI, INTC, COP, MNST, SGP ...
Posted Mar 6th 2007 10:47AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news
MOST NOTEWORTHY: Some of today's notable downgrades were National City Corp (NCC), Aeroflex Inc (ARXX) and Compass Minerals International (CMP):
- Morgan Stanley cut National City Corp (NYSE: NCC) to Underweight from Equal-Weight with and $35 target to reflect increased losses on the company's remaining subprime loans and slower growth in the Midwest.
- AG Edwards downgraded Aeroflex Inc (NASDAQ: ARXX) to Sell from Buy to reflect the company's acquisition agreement.
- Matrix USA cut Compass Minerals Int'l (NYSE: CMP) to Strong Sell from Buy to reflect weak demand for deicing products.
OTHER DOWNGRADES:
- CIBC downgraded Pathmark Stores Inc (NASDAQ: PTMK) to Sector Perform from Outperformer based on the Great Atlantic & Pacific Tea Co (NYSE: GAP) acquisition.
- UBS cut Apria Healthcare Group Inc (NYSE: AHG) to Reduce from Neutral on valuation.
- Goldman Sachs downgraded Progressive Gaming International Corp (NASDAQ: PGIC) and Strategic Hotels & Resorts Inc (NYSE: BEE) to Sell from Neutral.
- Brean Murray cut Youbet.com (NASDAQ: UBET) to Hold from Buy based on increased competition concerns.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).