Filed under: Analyst reports, Analyst upgrades and downgrades, Johnson and Johnson (JNJ), Smithfield Foods (SFD), Analyst initiations, Anglo Amer ADR (AAUK)
Analyst upgrades:
- UBS upgraded Dollar Tree (NASDAQ: DLTR) to Buy from Neutral but lowered its target to $42 from $45 following the solid Q4 report. The firm expects Dollar Tree's cost containment to continue. JP Morgan upgraded shares to Overweight from Neutral on valuation as it believes the recent pullback is overdone and the company set achievable FY09 guidance. The firm has a $43 target on the stock.
- JP Morgan also upgraded Smithfield Foods (NYSE: SFD) to Overweight from Neutral on valuation as they find the stock oversold at current levels.
- KeyBanc upgraded Nordson (NASDAQ: NDSN) to Hold from Underweight based on valuation, strong balance sheet and cost reductions, and a solid track record of execution.
- Philips Electronics (NYSE: PHG) was upgraded to Neutral from Underweight at HSBC.
- Aeropostale (NYSE: ARO) was raised to Equal Weight from Underweight at Barclays.
- Carter's (NYSE: CRI) was upgraded at Goldman to Neutral from Sell.
Continue reading Analyst upgrades, downgrades and initiations: DLTR, KWK, IRE, AAUK, JNJ ...
Analyst upgrades, downgrades and initiations: DLTR, KWK, IRE, AAUK, JNJ ... originally appeared on BloggingStocks on Thu, 26 Feb 2009 11:15:00 EST. Please see our terms for use of feeds.
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