Analyst upgrades, downgrades and initiations: CCL, LDK, MSFT, PCLN

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

• Stephens upgraded Old Dominion Freight (NASDAQ: ODFL) to Overweight from Equal Weight to reflect the financial problems at YRC Worldwide (NASDAQ: YRCW), which the firm believes could lead to market share gains. Stephens raised its target on Old Dominion Freight to $40 from $22.


• UBS expects SunPower (NASDAQ: SPWRA) to benefit from the U.S. residential solar segment as investment tax credits come available. The firm upgraded shares to Buy from Neutral and raised its target to $38 from $26.


• KeyBanc upgraded DPL (NYSE: DPL) to Buy from Hold based on valuation and potential upside from the Ohio approval of the rate settlement, 2010 guidance, and potential to use cash flow for accretive purposes.


• Microsoft (NASDAQ: MSFT) was upgraded to Conviction Buy from Buy at Goldman.


• Carnival (NYSE: CCL) was raised to Equal Weight from Underweight at Barclays.


• South Financial Group (NASDAQ: TSFG) was upgraded at SunTrust to Buy from Neutral.

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Analyst upgrades, downgrades and initiations: CCL, LDK, MSFT, PCLN originally appeared on BloggingStocks on Fri, 19 Jun 2009 11:00:00 EST. Please see our terms for use of feeds.

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