Filed under: Analyst reports, Analyst upgrades and downgrades, Motorola (MOT), Nokia Corp. (NOK), Lockheed Martin (LMT), Analyst initiations
Analyst upgrades:
- Credit Suisse upgraded Motorola (NYSE: MOT) to Outperform from Neutral after the close Monday. The firm believes Motorola's devices segment will approach breakeven in 2010 while operating margins in nonhandset segments will expand, and that a break-up story will reemerge. Credit Suisse raised its target on shares to $9.50 from $7.
- UBS upgraded BHP Billiton (NYSE: BHP) to Buy from Neutral. The firm cites BHP's leverage to iron ore, coking coal, copper, and oil for its upgrade after raising its commodity price forecasts.
- Merriman upgraded Walter Energy (NYSE: WLT) to Buy from Neutral to reflect higher met coal price forecasts. The firm believes Chinese demand is strong and has a target range of $66-$72 on the stock.
- Intersil (NASDAQ: ISIL) was upgraded to Outperform from Perform at Oppenheimer.
- Coach (NYSE: COH) was upgraded to Buy from Neutral at BofA/Merrill.
- Lockheed Martin (NYSE: LMT) was upgraded to Buy from Hold at Citigroup.
Continue reading Analyst upgrades, downgrades and initiations: AIG, COH, LMT, MOT, MVL, NOK, RTN ...
Analyst upgrades, downgrades and initiations: AIG, COH, LMT, MOT, MVL, NOK, RTN ... originally appeared on BloggingStocks on Tue, 01 Sep 2009 11:30:00 EST. Please see our terms for use of feeds.
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