Filed under: Analyst reports, Analyst upgrades and downgrades, Hewlett-Packard (HPQ), Coca-Cola (KO), Analyst initiations
Analyst upgrades:
- FBR Capital upgraded U.S. Bancorp (NYSE: USB) and New York Community Bancorp (NYSE: NYB) to Market Perform from Underperform to reflect a new valuation framework. The firm raised its target on U.S. Bancorp to $21 from $14 and on New York Community Bancorp to $10 from $9.
- Stephens upgraded Insulet (NASDAQ: PODD) to Overweight from Equal Weight to reflect the company's top-line growth prospects and reasonable expectations. The firm raised its target on shares to $14 from $8.
- Baird upgraded Athenahealth (NASDAQ: ATHN) to Outperform from Neutral and raised its target to $46 from $37 based on expectations for revenue and gross margin expansion, and relative valuation.
- Broadcom (NASDAQ: BRCM) was upgraded to Overweight from Equal Weight at Barclays.
- Phillips-Van Heusen (NYSE: PVH) was upgraded to Buy from Neutral at BofA/Merrill.
- Reliant Energy (NYSE: RRI) was upgraded to Conviction Buy from Neutral at Goldman.
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Analyst upgrades, downgrades and initiations: AZN, HPQ, KO, MA, SCHW, USB ... originally appeared on BloggingStocks on Tue, 29 Sep 2009 11:20:00 EST. Please see our terms for use of feeds.
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