Analyst upgrades, downgrades and initiations: AMD, AXP, ACI, NOK, NRP, SYK, WPCS - Laurie Pasternack

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Analyst upgrades, downgrades and initiations: AMD, AXP, ACI, NOK, NRP, SYK, WPCS
Aug 24, 2009 05:00 PM UTC

Laurie Pasternack

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Symbol	Sentiment	Start	Return	Closed
ASH	n/a
AMD	n/a
AXP	n/a
CAKE	n/a
BEBE	n/a
TOL	n/a
ACI	n/a
NOK	n/a

Via BloggingStocks:

Filed under: Analyst reports, Analyst upgrades and downgrades, Nokia Corp. (NOK), Advanced Micro Dev (AMD), American Express (AXP), Toll Brothers (TOL), Analyst initiations

Analyst upgrades:

Citigroup upgraded Advanced Micro (NYSE: AMD) to Buy from Hold and raised its target to $5.50 from $4.25 citing valuation and expectations for the company's competitive position and gross margins to improve.

Barclays upgraded American Express (NYSE: AXP) to Overweight from Equal Weight citing long-term earnings growth as the company benefits from declining charge-offs and credit costs. The firm has a $38 target on the stock.

JPMorgan upgraded Arch Coal (NYSE: ACI) to Overweight from Neutral and raised its target to $22 from $19 citing the FTC approval for the acquisition of Jacobs Ranch mine and valuation.

Bebe Stores (NASDAQ: BEBE) was upgraded to Overweight from Equal Weight at Stephens.

Cheesecake Factory (NASDAQ: CAKE) was upgraded to Neutral from Underweight at Piper Jaffray.

Ashland (NYSE: ASH) was upgraded to Buy from Hold at KeyBanc.

Continue reading Analyst upgrades, downgrades and initiations: AMD, AXP, ACI, NOK, NRP, SYK, WPCS

Analyst upgrades, downgrades and initiations: AMD, AXP, ACI, NOK, NRP, SYK, WPCS originally appeared on BloggingStocks on Mon, 24 Aug 2009 12:00:00 EST. Please see our terms for use of feeds.

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