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Pre-Market Stock Upgrades/Downgrades Sept 08, 2009

Analyst Upgrades:

  • Pike Electric  (NASDAQ:PIKE) upgraded to Buy from Hold at BB&T ; price target $15
  • General Electric (NYSE:GE) upgraded to Overweight from Neutral at JPMorgan
  • LM Ericsson (NASDAQ:ERIC) upgraded to Hold from Sell at Deutsche Securities
  • Allstate (NYSE:ALL) gets it price target raised to $44 from $40 at FBR Capital
  • Costco (NASDAQ:COST) upgraded to Overweight from Neutral at Piper Jaffray
  • American States Water  Company (NYSE:AWR) upgraded to Buy from Hold at Brean Murray ; price target set at $42
  • QLogic (NASDAQ:QLGC) gets its price target raised at RBC to $19 from $17
  • FBR Capital is raising National Semiconductor’s (NYSE:NSM) price target to $17 from $13 ahead of earnings on September 10
  • Intercontinental Hotels Group (NYSE:IHG) upgraded to Outperform from Neutral at Credit Suisse
  • Suncor Energy (NYSE:SU) upgraded to Buy from Hold at Stifel Nicolaus ; price target raised to $39
  • Deutsche Bank  raises Lubrizol’s  (NYSE:LZ) price target to $75 from $65
  • McDermott  (NYSE:MDR) upgraded to Outperform from Neutral at Credit Suisse ; price target is raised to $31 from $27
  • Cadbury Schweppes (NYSE:CBY) upgraded to Neutral from Underperform at Credit Suisse
  • Micron (NYSE:MU) upgraded to Buy from Neutral to UBS ; price target raised to $9 from $7.50
  • SW Energy  (NYSE:SWN) upgraded to Buy from Hold at Stifel Nicolaus ; price target raised to $56
  • Morgan Joseph recommends buying shares of AMGN, IMGN, and ISIS on the bases of having attractive valuations and key upcoming catalysts in the next 3-6 months
  • ThinkEquity raises Pharmasset’s (NASDAQ:VRUS) price target to $29 from $18
  • Goldman Sachs upgrades Red Hat (NYSE:RHT), and VmWare (NYSE:VMW) to Buy from Neutral
  • Pacer Intl (NASDAQ:PACR) upgraded to Neutral from Underperform ; price target is raised to $4 from $3
  • FBR Capital is raising XL Capital’s (NYSE:NSM) price target to $21 from $18
  • Panera Bread (NASDAQ:PNRA) upgraded to Buy from Neutral at Bank of America/Merrill
  • Nice Systems (NASDAQ:NICE) upgraded to Buy from Neutral at UBS
  • Pharmasset (NASDAQ:VRUS) upgraded to Underperform from Neutral at Robert W. Baird ; price target is raised to $30 from $16
  • Cavium Networks (NASDAQ:CAVM) upgraded to Buy from Hold at Roth Capital ; price target is raised to $25 from $15
  • Broadcom (NASDAQ:BRCM) upgraded to Buy from Hold at Roth Capital ; price target is raised to $34 from $22
  • NetLogic (NASDAQ:NETL) upgraded to Buy from Hold at Roth Capital ; price target is raised to $50 from $40

Analyst Downgrades:

  • American Intl (NYSE:AIG) downgraded to Underperform from Neutral at Credit Suisse ; price target lowered to $15 from $30
  • Lihir Gold (NASDAQ:LIHR) downgraded to Hold from Buy at RBS
  • PG&E (NYSE:PCG) gets its price target raised to $49 from $40 at Argus
  • Goldman Sachs downgrades BMC Software (NYSE:BMC), and Symantec (NASDAQ:SYMC) to Neutral
  • Patni Computer Systems (NYSE:PTI) downgraded to Neutral from Positive at Susquehanna Financial
  • Goldman Sachs cuts Ameristar Casinos (NASDAQ:ASCA) and Penn National Gaming (NASDAQ:PENN) to Neutral from Buy
  • Shaw Group (NASDAQ:SHAW) downgraded to Neutral from Outperform at Credit Suisse ; price target $33
  • Tenneco (NYSE:TEN) is removed from Americas Conviction Buy list at Goldman Sachs

Coverage Initiated:

  • Ryanair Holdings Plc (NASDAQ:RYAAY) initiated as an Hold at  Deutsche Securities
  • Plains Exploration (NYSE:PXP) initiated with a Buy at Global Hunter Securities ; price target $42.50
  • NuVasive (NASDAQ:NUVA) initiated with an Outperform at Cowen
  • Vantage Drilling (NYSE:VTG) initiated with an Outperform and price target of $2.25 at FBR Capital
  • Globe Specialty Metals (NYSE:GSM) initiated with a Buy at Jefferies & Co ; price target $10
  • Ocwen Financial Corp. (NYSE:OCN) started as an Outperform at Keefe Bruyette with a price target of $14
  • American Dental (NASDAQ:ADPI) started as an Outperform at  Robert W. Baird with a price target of $17

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September 8, 2009 Posted by | Uncategorized | Leave a comment