Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst upgrades:
- Citigroup upgraded Cooper Industries (NYSE: CBE) to Buy from Hold on valuation as it believes commercial construction concerns are well known. The firm raised its target on shares to $40 from $37, and coupled the upgrade with a downgrade of Rockwell Automation (NYSE: ROK) to Sell from Hold.
- Credit Suisse upgraded BJ Services (NYSE: BJS) to Neutral from Underperform following its acquisition by Baker Hughes (NYSE: BHI). The firm raised its target to $17.
- Credit Suisse also upgraded Amkor Technology (NASDAQ: AMKR) to Outperform from Neutral and raised its target to $8 from $7. The firm expects Amkor to benefit from near-term strength in the supply chain and the mix shift towards higher value packaging.
- Textron (NYSE: TXT) was upgraded to Conviction Buy from Neutral at Goldman.
- Siemens (NYSE: SI) was upgraded to Neutral from Sell at UBS.
- Stanley Works (NYSE: SWK) was upgraded to Buy from Neutral at Janney Montgomery.
Continue reading Analyst upgrades, downgrades and initiations: ANF, BJS, CBE, GENZ, ROK, SI ...
Analyst upgrades, downgrades and initiations: ANF, BJS, CBE, GENZ, ROK, SI ... originally appeared on BloggingStocks on Wed, 02 Sep 2009 11:40:00 EST. Please see our terms for use of feeds.
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