Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst upgrades:
- Deutsche Bank upgraded Spartech (NYSE: SEH) to Buy from Hold as it sees further upside following the company's "strong" Q2 results. The firm raised its target on shares to $10 from $2.50.
- Oppenheimer upgraded Clorox (NYSE: CLX) to Outperform from Underperform. The firm believes the company's FY10 outlook is conservative, providing room for upside, and that the valuation is compelling at current levels. Opco set a $70 price target on the stock.
- Goldman upgraded Steel Dynamics (NASDAQ: STLD) to Buy from Neutral and raised its target to $20 from $16, citing reduced balance sheet concerns following the capital raise. Note that AK Steel (NYSE: AKS) was downgraded to Neutral from Buy.
- PG&E (NYSE: PCG) was upgraded to Buy from Hold at Citigroup.
- Pool Corp. (NASDAQ: POOL) was upgraded to Outperform from Market Perform at William Blair.
- Liberty Property Trust (NYSE: LRY) was upgraded to Outperform from Market Perform at Wachovia.
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Analyst upgrades, downgrades and initiations: CLX, ED, JBHT, HMC, PCG ... originally appeared on BloggingStocks on Fri, 12 Jun 2009 11:20:00 EST. Please see our terms for use of feeds.
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