AOL Money & Finance

wlk posts

Feed

Analyst upgrades: Semiconductors, ADCT and NFS

MOST NOTEWORTHY: Semiconductors, ADC Telecomm and Nationwide Financial were today's noteworthy upgrades:
  • Banc of America upgraded the Semiconductor Sector to Overweight from Market Weight citing indications of a bottom given earnings estimate revision momentum and supply chain inventory levels. The firm upgraded Intel (NASDAQ:INTC), Power Integrations (NASDAQ:POWI) and Semtech (NASDAQ:SMTC) to Buy from Neutral and PMC Sierra (NASDAQ:PMCS) and LSI Corp (NYSE:LSI) to Neutral from Sell.
  • Deutsche Bank upgraded shares of ADC Telecomm (NASDAQ:ADCT) to Buy from Hold as they believe April consensus estimates could prove conservative.
  • UBS raised Nationwide Financial (NYSE::NFS) to Buy from Neutral and believes a higher offer by Nationwide Mutual is likely.
OTHER UPGRADES:

Closing Bell: Bulls ran too hard early on, had to snooze

Traders came in this morning wanting to carry on from last week's stability on word that Washington Mutual, Inc. (NYSE: WM) was perhaps going to get a private equity bailout. At least a lifeline was the hope. But throughout the day shares slid from a 100 point gain to close mostly flat on the day as the market decided it had better get ready to go into earnings season yet again for Q1 2008 earnings reports from major companies. Below are the unofficial closes for US index levels:
Apple, Inc. (NASDAQ: AAPL) up today after a price target upgrade by Thomas Weisel Partners today. Shares closed up almost 2% at $155.89.

Continue reading Closing Bell: Bulls ran too hard early on, had to snooze

Analyst downgrades: INTC, RESP and FHN

MOST NOTEWORTHY: Intel, Respironics and First Horizon were today's noteworthy downgrades:
  • JP Morgan lowered its rating on Intel (NASDAQ:INTC) to Neutral from Overweight, as their checks indicate a late-quarter slowdown for Intel in order rates from the PC end market, which offset the upside the company experienced in earlier in Q4.
  • Banc of America downgraded shares of Respironics (NASDAQ:RESP) to Neutral from Buy to reflect the acquisition by Philips (NYSE:PHG).
  • Friedman Billings downgraded First Horizon (NYSE:FHN) to Underperform from Market Perform, citing its exposure to home equity and construction loans and mortgage banking operations. The firm adds that it expects the company to cut its quarterly dividend.
OTHER DOWNGRADES:

Symbol Lookup
IndexesChangePrice
DJIA+132.7910,450.95
NASDAQ+29.972,176.01
S&P 500+14.861,106.24

Last updated: November 24, 2009: 05:03 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance