Filed under: Analyst reports, Analyst upgrades and downgrades, Yahoo! (YHOO), eBay (EBAY), Netflix, Inc. (NFLX), Corning Inc (GLW), Analyst initiations
Analyst upgrades:
- Wells Fargo transferred coverage of Cooper Industries (NYSE: CBE) with an Outperform rating, upgraded from the previous analysts' Market Perform rating. The firm believes commercial construction will be of less of a headwind for the company than the Street thinks, and has a $38-$41 valuation range on the stock.
- Kaufman Bros. upgraded SuccessFactors (NASDAQ: SFSF) to Buy from Hold after channel checks indicated demand trends picked up in July. The firm raised its target on shares to $15 from $12.
- UBS upgraded eBay (NASDAQ: EBAY) to Buy from Neutral and believes Marketplace transaction growth is "turning the corner." Additionally, the firm believes the secondary market represents a long-term opportunity for the company. The firm raised its target to $28 from $24.
- Novartis (NYSE: NVS) was upgraded to Buy from Hold at Jefferies.
- Arcelor Mittal (NYSE: MT) was upgraded to Buy from Hold at Citigroup.
- Cardinal Health (NYSE: CAH) was upgraded to Buy from Neutral at Goldman.
- Yahoo! (NASDAQ: YHOO) was upgraded to Outperform from Market Perform AMC Monday at Bernstein.
Continue reading Analyst upgrades, downgrades and initiations: CCL, CSX, EBAY, GLW, NFLX, YHOO ...
Analyst upgrades, downgrades and initiations: CCL, CSX, EBAY, GLW, NFLX, YHOO ... originally appeared on BloggingStocks on Tue, 15 Sep 2009 11:00:00 EST. Please see our terms for use of feeds.
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