Analyst upgrades, downgrades and initiations: AXP, CHL, FLOW, GLW, GS ... - Eric Buscemi

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Analyst upgrades, downgrades and initiations: AXP, CHL, FLOW, GLW, GS ...
Aug 18, 2009 04:00 PM UTC

Eric Buscemi

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Via BloggingStocks:

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

Analyst upgrades:

Keefe Bruyette upgraded American Express (NYSE: AXP) to Outperform from Market Perform to reflect improving credit trends following the July monthly data. The firm raised its target price on shares to $37.

Oppenheimer upgraded Corning (NYSE: GLW) to Outperform from Perform as it believes 2010 estimates are achievable and concerns over falling LCD demand are overdone. The firm set a $19 price target on the stock.

JPMorgan upgraded International Game Technology (NYSE: IGT) to Overweight from Neutral on valuation and expectations domestic replacement orders will pick up. The firm has a $23 price target on shares.

Goldman Sachs (NYSE: GS) was raised to Buy from Neutral at Pali Capital.

Portland General Electric (NYSE: POR) was upgraded to Buy from Neutral at Goldman.

Mechel Steel (NYSE: MTL) was upgraded to Neutral from Reduce at Nomura.

Continue reading Analyst upgrades, downgrades and initiations: AXP, CHL, FLOW, GLW, GS ...

Analyst upgrades, downgrades and initiations: AXP, CHL, FLOW, GLW, GS ... originally appeared on BloggingStocks on Tue, 18 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.

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