Analyst upgrades, downgrades and initiations: PALM, MT, MGM, COF ... - Eric Buscemi

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Analyst upgrades, downgrades and initiations: PALM, MT, MGM, COF ...
Mar 04, 2009 04:00 PM UTC

Eric Buscemi

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Symbol	Sentiment	Start	Return	Closed
PALM	n/a
CE	n/a
AEG	n/a
TYPE	n/a
SUNH	n/a
MT	n/a

Via BloggingStocks:

Filed under: Analyst reports, Analyst upgrades and downgrades, Palm Inc (PALM), Analyst initiations

Analyst upgrades:

Piper upgraded shares of Palm (NASDAQ: PALM) to Buy from Neutral following the company's negative Q3 pre-announcement as it believes the launch of Pre will drive longer term profitability. Piper raised its target price on shares to $10 from $4.

Jefferies upgraded Monotype Imaging (NASDAQ: TYPE) to Buy from Hold as it believes the valuation is compelling at current levels and the company's debt is manageable. Despite upgrading, Jefferies lowered its target price to $4 from $6.

Citigroup raised Arcelor Mittal (NYSE: MT) to Hold from Sell as it believes the company's productions cuts and lower dividends are positive.

Celanese (NYSE: CE) was upgraded to Buy from Neutral at Goldman and added to the firm's Conviction Buy List.

Aegon (NYSE: AEG) was lifted at UBS to Neutral from Sell.

Sun Healthcare (NASDAQ: SUNH) was upgraded at Stephens to Overweight from Equal Weight.

Continue reading Analyst upgrades, downgrades and initiations: PALM, MT, MGM, COF ...

Analyst upgrades, downgrades and initiations: PALM, MT, MGM, COF ... originally appeared on BloggingStocks on Wed, 04 Mar 2009 11:00:00 EST. Please see our terms for use of feeds.

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