Analyst upgrades, downgrades and initiations: ADTN, CAL, EXFO, JCI, LUV, VAR, CSCO, KMT, EZCH - Laurie Pasternack

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Analyst upgrades, downgrades and initiations: ADTN, CAL, EXFO, JCI, LUV, VAR, CSCO, KMT, EZCH
Jul 02, 2009 02:50 PM UTC

Laurie Pasternack

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Symbol	Sentiment	Start	Return	Closed
ASTI	n/a
ADTN	n/a
TTM	n/a
LUV	n/a
CAL	n/a
DAL	n/a
MTL	n/a
JCI	n/a
EXFO	n/a
JNPR	n/a
CSCO	n/a

Via BloggingStocks:

Filed under: Analyst reports, Analyst upgrades and downgrades, Cisco Systems (CSCO), Southwest Airlines (LUV), Contl Airlines'B' (CAL), Analyst initiations, Johnson Controls (JCI), Juniper Networks (JNPR), Delta Air Lines (DAL)

Analyst upgrades:

Citigroup upgraded Adtran (NASDAQ: ADTN) to Buy from Hold on expectations the company will benefit from the broadband Stimulus funds.

Morgan Stanley upgraded Continental Airlines (NYSE: CAL) to Overweight from Equal Weight based on relative valuation and views the company as a "survivor." Additionally, the analyst lowered 2009 industry estimates but believes it is the last cut for the year and is incrementally more positive on the sector.

Morgan Stanley also upgraded EXFO Electro-Optical (NASDAQ: EXFO) to Overweight from Market Weight based on valuation.

Tata Motors (NYSE: TTM) was upgraded to Buy from Hold at Deutsche Bank.

Ascent Solar (NASDAQ: ASTI) was upgraded to Neutral from Underweight at JP Morgan.

Mechel Steel (NYSE: MTL) was upgraded to Neutral from Underperform at Credit Suisse.

Continue reading Analyst upgrades, downgrades and initiations: ADTN, CAL, EXFO, JCI, LUV, VAR, CSCO, KMT, EZCH

Analyst upgrades, downgrades and initiations: ADTN, CAL, EXFO, JCI, LUV, VAR, CSCO, KMT, EZCH originally appeared on BloggingStocks on Thu, 02 Jul 2009 09:50:00 EST. Please see our terms for use of feeds.

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