Analyst upgrades, downgrades and initiations: BIDU, POT, SUN, KR, CS, BAC, UBS ... - Eric Buscemi

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Analyst upgrades, downgrades and initiations: BIDU, POT, SUN, KR, CS, BAC, UBS ...
Dec 16, 2008 03:50 PM UTC

Eric Buscemi

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Symbol	Sentiment	Start	Return	Closed
ERIC	n/a
SUN	n/a
OFC	n/a
IPI	n/a
BIDU	n/a
TRA	n/a
SOV	n/a
BAC	n/a
CS	n/a
BRNC	n/a
MOS	n/a
BT	n/a
KR	n/a
ALU	n/a
POT	n/a

Via BloggingStocks:

Filed under: Analyst reports, Analyst upgrades and downgrades, Bank of America (BAC), Kroger Co (KR), Analyst initiations

Analyst upgrades:

Goldman upgraded Baidu (NASDAQ: BIDU) to Buy from Neutral and added shares to its Conviction Buy List. The analyst expects Baidu to benefit from growth in paid search in China, where growth is expected to be 30% annually.

Friedman Billings upgraded shares of Corporate Office Properties (NYSE: OFC) to Outperform from Market Perform to reflect the company's exposure to the "sound" Washington, D.C., market and "favorable" liquidity position.

Soleil upgraded Sunoco (NYSE: SUN) to Buy from Hold and raised its target to $45 from $38 on the strength of the company's non-refining segment.

Mosaic (NYSE: MOS), Potash (NYSE: POT), Intrepid Potash (NYSE: IPI) and Terra Industries (NYSE: TRA) were upgraded to Buy from Neutral at Merrill Lynch.

Kroger (NYSE: KR) was upgraded to Neutral from Underweight at JP Morgan.

Analyst downgrades:

Jefferies downgraded shares of Bronco Drilling (NASDAQ: BRNC) to Underperform from Hold and lowered its target to $4.50 from $7.50 on valuation and their expectations for a rig decline in U.S. drilling activity.

Morgan Stanley cut Credit Suisse (NYSE: CS) to Equal Weight from Overweight into reporting season on concerns of further impairment charges.

Deutsche Bank downgraded Ericsson (NASDAQ: ERIC) to Sell from Hold to reflect challenges in the handset market.

Alcatel-Lucent (NYSE: ALU) was lowered to Sell from Hold at WestLB.

BT Group (NYSE: BT) was slashed at JP Morgan to Underweight from Neutral.

Sovereign Bancorp (NYSE: SOV) was downgraded to Market Perform from Outperform at Keefe Bruyette.

Analyst initiations:

Continue reading Analyst upgrades, downgrades and initiations: BIDU, POT, SUN, KR, CS, BAC, UBS ...

Analyst upgrades, downgrades and initiations: BIDU, POT, SUN, KR, CS, BAC, UBS ... originally appeared on BloggingStocks on Tue, 16 Dec 2008 10:50:00 EST. Please see our terms for use of feeds.

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