Analyst upgrades, downgrades and initiations: AA, BIIB, JCP, KBH, WW ... - Eric Buscemi

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Analyst upgrades, downgrades and initiations: AA, BIIB, JCP, KBH, WW ...
Jun 29, 2009 04:20 PM UTC

Eric Buscemi

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

Analyst Upgrades

Merriman upgraded Regal Entertainment (NYSE: RGC) to Buy from Neutral as the analyst is less concerned about Q2 box office performance following the Transformers 2 opening weekend.

Baird upgraded Ball (NYSE: BLL) to Outperform from Neutral and raised its target to $52 from $46 citing cost cutting initiatives, a volume trough in Q1, and expected earnings growth.

Morgan Stanley upgraded JCPenney (NYSE: JCP) to Overweight from Equal Weight. The firm cites valuation and gross margin opportunity for the upgrade. The firm has a $35 target on shares.

KB Home (NYSE: KBH) was raised to Neutral from Underperform at Credit Suisse.

Cognizant (NASDAQ: CTSH) was upgraded to Market Perform from Underperform at Wachovia.

Lloyds Banking (NYSE: LYG) was upgraded to Conviction Buy from Neutral at Goldman.

Continue reading Analyst upgrades, downgrades and initiations: AA, BIIB, JCP, KBH, WW ...

Analyst upgrades, downgrades and initiations: AA, BIIB, JCP, KBH, WW ... originally appeared on BloggingStocks on Mon, 29 Jun 2009 11:20:00 EST. Please see our terms for use of feeds.

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