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Analyst upgrades, downgrades and initiations: AKS, LEN, MAR, DE, KLAC, VIVEF ...

Analyst upgrades:
  • KeyBanc upgraded Epicor (NASDAQ: EPIC) to Buy from Hold based on several near-term catalysts that include possible convertible debt repurchases, reasonable Q4 results, a proxy fight, and a boost from the Epicor 9 product cycle in 2H09.
  • KeyBanc also upgraded AK Steel (NYSE: AKS) to Buy from Hold based on relative valuation and said the company could benefit from lower iron ore, scrap natural gas, and labor inputs.
  • JP Morgan upgraded Lennar (NYSE: LEN) to Overweight from Neutral based on relative valuation.
  • Marriott (NYSE: MAR) was upgraded to Buy from Neutral at Goldman.
  • Raymond James (NYSE: RJF) was raised to Market Perform from Underperform at Wachovia.
  • Deere (NYSE: DE) was upgraded to Outperform from Market Perform at Bernstein.
Analyst downgrades:

Continue reading Analyst upgrades, downgrades and initiations: AKS, LEN, MAR, DE, KLAC, VIVEF ...

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IndexesChangePrice
DJIA+73.0010,270.47
NASDAQ+18.862,167.88
S&P 500+6.241,093.48

Last updated: November 14, 2009: 09:18 PM

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