Analyst upgrades 7-16-07: ABFS, DF, MOT, SNDK and TWX
Posted Jul 16th 2007 10:13AM by Kevin Shult
Filed under: Before the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Time Warner (TWX), Motorola (MOT), Dean Foods (DF), Arkansas Best (ABFS), Marvell Technology Group (MRVL), SanDisk Corp (SNDK)
MOST NOTEWORTHY: Motorola (MOT), SanDisk (SNDK), Time Warner (TWX), Schering-Plough (SGP), GlaxoSmithKline (GSK) and Openwave Systems (OPWV) were some of today's noteworthy upgrades:
- Deutsche Bank believes the worst is over for Motorola (NYSE: MOT) and expects an improvement in growth over the next several quarters, upgrading shares to Buy from Hold.
- CIBC upgraded shares of SanDisk (NASDAQ: SNDK) to Sector Outperformer from Sector Performer following checks that indicate NAND supply is being allocated, visibility is improving, and SanDisk positioning is strengthening.
- Pali Capital raised Time Warner (NYSE: TWX) shares to Buy from Neutral as they believe the "valuation has become too attractive to ignore."
- CIBC upgraded Openwave Systems (NASDAQ: OPWV) to Sector Performer from Sector Underperformer believing the Street's expectations are now in line with expectations, limiting downside potential at these levels...
OTHER UPGRADES:
- Merrill upgraded BT Group (NYSE: BT) to Buy from Sell.
- JP Morgan assumed coverage of Arkansas Best (NASDAQ: ABFS) with a Neutral rating, up from an Underweight rating.
- Merrill upgraded Dean Foods (NYSE: DF) to Neutral from Sell.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: abfs, analyst, arkansas, bt group, BtGroup, dean, df, glaxo, gsk, marvell, mot, motorola, mrvl, openwave, opwv, rating, sandisk, schering plough, ScheringPlough, sgp, sndk, theflyonthewall.com, time warner, TimeWarner, twx, unh, unitedhealth, upgrade
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