Analyst upgrades, downgrades and initiations: ALU, BJ, CPB, KMX, PGR - Blogging Stocks

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Analyst upgrades, downgrades and initiations: ALU, BJ, CPB, KMX, PGR
Jun 22, 2009 04:40 PM UTC

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

Analyst Upgrades

McAdams Wright expects Dendreon's (NASDAQ: DNDN) near-term momentum to continue but has long-term concerns that Street estimates are too high. The firm upgraded shares to Hold from Sell.

JPMorgan upgraded Ameristar Casinos (NASDAQ: ASCA) to Overweight from Neutral to reflect valuation, potential catalysts from Colorado's easing gaming regulations, and the company's strong free cash flow. The firm raised its target on shares to $24 from $20.

Citigroup upgraded Valspar (NYSE: VAL) to Hold from Sell after channel checks indicated paint demand is shifting to big-box retailers, the company's primary sales channel. The firm raised its target on shares to $22 from $19.

Vulcan Materials (NYSE: VMC) was upgraded to Buy from Neutral at UBS.

Altera (NASDAQ: ALTR) was raised to Outperform from Sector Perform at RBC Capital.

Spectra Energy (NYSE: SEP) was upgraded to Neutral from Sell at Goldman.

Continue reading Analyst upgrades, downgrades and initiations: ALU, BJ, CPB, KMX, PGR

Analyst upgrades, downgrades and initiations: ALU, BJ, CPB, KMX, PGR originally appeared on BloggingStocks on Mon, 22 Jun 2009 11:40:00 EST. Please see our terms for use of feeds.

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