Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ... - Eric Buscemi

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Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...
Sep 16, 2009 03:40 PM UTC

Eric Buscemi

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Symbol	Sentiment	Start	Return	Closed
GRMN	n/a
TTWO	n/a
SNV	n/a
OLN	n/a
GIS	n/a
PPG	n/a
FPIC	n/a
S	n/a
FO	n/a
ADBE	n/a

Via BloggingStocks:

Filed under: Analyst reports, Analyst upgrades and downgrades, Sprint Nextel Corp (S), Adobe Systems (ADBE), General Mills (GIS), Analyst initiations

Analyst upgrades:

Deutsche Bank upgraded Garmin (NASDAQ: GRMN) to Hold from Sell as it believes the company's second half of 2009 is tracking better than expected due to retailer restocking. Deutsche raised its target on shares to $33 from $15 but thinks Garmin's long-term trends remain unfavorable.

Goldman upgraded Fortune Brands (NYSE: FO) to Buy from Neutral citing potential EPS improvement driven by the Home division. Fortune Brands price target to $49 from $45. Note that the firm downgraded General Mills to Neutral from Buy.

Oppenheimer upgraded FPIC Insurance (NASDAQ: FPIC) to Outperform from Perform to reflect the company's acquisition of Advocate MD and management's commitment to share repurchases. The firm set a $49 price target on the stock.

PPG Industries (NYSE: PPG) and Olin Corp. (NYSE: OLN) were upgraded to Neutral from Sell at UBS.

Synovus (NYSE: SNV) was upgraded to Neutral from Underperform at BofA/Merrill.

Take-Two (NASDAQ: TTWO) was upgraded to Overweight from Neutral at Piper Jaffray.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...

Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ... originally appeared on BloggingStocks on Wed, 16 Sep 2009 10:40:00 EST. Please see our terms for use of feeds.

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