Filed under: Analyst reports, Analyst upgrades and downgrades, Hewlett-Packard (HPQ), PepsiCo (PEP), Netflix, Inc. (NFLX), American Express (AXP), Research in Motion (RIMM), Goldman Sachs Group (GS), Analyst initiations, Rio Tinto plc ADS (RTP)
Analyst upgrades:
- JMP Securities upgraded CB Richard Ellis (NYSE: CBG) to Outperform from Market Perform. The analyst believes the new Public-Private Investment Program will create liquidity, which will result in some degree of activity. Shares were also upgraded at JP Morgan to Overweight from Neutral.
- Thomas Weisel upgraded Linear Tech (NASDAQ: LLTC) to Overweight from Market Weight due to stabilizing business and favorable end market exposure.
- UBS upgraded PepsiCo (NYSE: PEP) to Buy from Neutral and raised its target to $60 from $57 due to moderating input costs, earnings and investment flexibility, improving U.S. beverage business, and leverage from its market share in food.
- Tibco (NASDAQ: TIBX) was raised to Buy from Neutral at Goldman.
- Philips Electronics (NYSE: PHG) was upgraded at ING Group to Buy from Hold.
- Hospira (NYSE: HSP) was upgraded to Outperform from Market Perform at Leerink.
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Analyst upgrades, downgrades and initiations: PEP, AXP, RTP, WSM, RIMM, HPQ ... originally appeared on BloggingStocks on Wed, 25 Mar 2009 11:30:00 EST. Please see our terms for use of feeds.
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