Analyst upgrades, downgrades and initiations: AMGN, CSCO, CX, HAS, T - Eric Buscemi

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Analyst upgrades, downgrades and initiations: AMGN, CSCO, CX, HAS, T
Jun 16, 2009 04:30 PM UTC

Eric Buscemi

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Symbol	Sentiment	Start	Return	Closed
AMGN	n/a
TRW	n/a
CCOI	n/a
TEN	n/a
MGA	n/a
SINA	n/a
CYBS	n/a

Via BloggingStocks:

Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations

Analyst upgrades:

Bernstein upgraded Amgen (NASDAQ: AMGN) to Outperform from Market Perform on valuation as it believes threats to the core business are priced in at current levels and upside catalysts may come from pipeline news. The firm raised its target on shares to $65 from $57.

Stephens upgraded CyberSource (NASDAQ: CYBS) to Overweight from Equal Weight on valuation as it believes the recent pullback creates a buying opportunity. The firm raised its target on shares to $16 from $14.

JPMorgan upgraded Magna (NYSE: MGA) and Tenneco (NYSE: TEN) to Overweight from Neutral on expectations global auto production has sequentially bottomed with European light vehicle production rebounding in Q2. The firm also sees a short-term trading opportunity in TRW Automotive (NYSE: TRW), but keeps a Neutral rating on the stock.

SINA Corp. (NASDAQ: SINA) was upgraded to Conviction Buy from Buy at Goldman.

Cogent Communications (NASDAQ: CCOI) was raised to Buy from Hold at Citigroup.

Continue reading Analyst upgrades, downgrades and initiations: AMGN, CSCO, CX, HAS, T

Analyst upgrades, downgrades and initiations: AMGN, CSCO, CX, HAS, T originally appeared on BloggingStocks on Tue, 16 Jun 2009 11:30:00 EST. Please see our terms for use of feeds.

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