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Analyst calls: ERIC, AMLN, DIS, IBM, CRM, FSLR, NOK, ALU ...

Analyst upgrades:
  • Ericsson (NASDAQ: ERIC) was upgraded to Add from Hold at WestLB.
  • JP Morgan upgraded Shire Plc (NASDAQ: SHPGY) to overweight from Neutral to reflect Vyvanse share gains and valuation.
  • Wachovia upgraded Jefferies (NYSE: JEF) to Market Perform from Underperform because they believe that the recent collapse of the large cap bank sector, Jefferies' cash equity business, and the company's partial privatization as a result of its Leucadia investment will shield shares.
  • Canaccord upgraded Amylin Pharma (NASDAQ: AMLN) to Hold from Sell.
  • ADC Telecomm (NASDAQ: ADCT) was upgraded to Buy from Hold at Kaufman Bros. on valuation following the recent weakness.
  • STEC Inc (NASDAQ: STEC) and Popular (NASDAQ: BPOP) were raised to Buy from Neutral at B. Riley.
Analyst downgrades:
  • Merrill downgraded Disney (NYSE: DIS) to Underperform from Neutral and cut its target to $27 from $34 citing the impact from the current economic climate on earnings.
  • Barclays downgraded IBM (NYSE: IBM) to Equal Weight from Overweight citing the impact from the weakening economy and the company's large exposure to the financial services industry. IBM's target was cut to $108 from $130.
  • Jefferies downgraded Salesforce.com (NYSE: CRM) to Underperform from Buy on increased risks of deteriorating payment terms and price pressure on renewals. The company's target was lowered to $36 from $75.
  • Goldman downgraded First Solar (NASDAQ: FSLR) and added shares to the Conviction Sell List.

Continue reading Analyst calls: ERIC, AMLN, DIS, IBM, CRM, FSLR, NOK, ALU ...

Analyst downgrades 6-13-07: AL, COST, DF and HOFF

MOST NOTEWORTHY: Some of today's more noteworthy downgrades included Dean Foods Co (DF), Louisiana-Pacific Corp (LPX), Costco Wholesale Corp (COST), Alcan Inc (AL) and Horizon Offshore, Inc (HOFF):
  • Dean Foods Co (NYSE: DF) was cut to Neutral from Overweight at JP Morgan to reflect future guidance concerns after management's cautious tone.
  • Louisana-Pacific Corp (NYSE: LPX) was downgraded to Strong Sell from Buy at Matrix USA. The firm believes a weak housing market is having a significant negative impact on shares and sees downside to $14/share.
  • Bear Stearns cut Alcan (NYSE: AL) to Peer Perform from Outperform based on valuation.
  • Oppenheimer downgraded Horizon Offshore (NASDAQ: HOFF) to Neutral from Buy on news of the acquisition by Cal Dive International (NYSE: DVR) as the firm believes the likelihood of a materially higher bid is low...
OTHER DOWNGRADES:
  • Nucor Corp (NYSE: NUE) was taken off Goldman's Conviction Buy List.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 11:57 PM

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