Analyst upgrades 2-28-07: Boeing flies higher, shares upgraded at JP Morgan
Posted Feb 28th 2007 10:58AM by Kevin Shult
Filed under: Before the Bell, Analyst Upgrades and Downgrades, Good news, Boeing Co (BA), Ciena Corp (CIEN), Research in Motion (RIMM)
MOST NOTEWORTHY: RealNetworks, Inc (RNWK), The Boeing Co (BA), L-3 Communications Holdings (LLL) and Research in Motion (RIMM) were some of today's most notable upgrades:
- Jefferies upgraded RealNetworks, Inc (NASDAQ: RNWK) to Hold from Underperform with an $8 target on valuation.
- JP Morgan raised The Boeing Co (NYSE: BA) and L-3 Communication Holding's (NYSE: LLL) rating to Neutral from Underweight citing valuation.
- Yesterday's "China Effect" on the U.S. markets have created a buying opportunity in Research in Motion Ltd; ThinkEquity upgraded shares of Research in Motion Ltd (NASDAQ: RIMM) to Buy from Accumulate with a $165 target.
OTHER UPGRADES:
- Ciena Corp (NASDAQ: CIEN) was upgraded to Overweight from Neutral at JP Morgan.
- Wachovia upgraded Fresh Del Monte Produce inc (NYSE: FDP) to Market Perform from Underperform based on an improving banana outlook and cost environment.
- Citigroup upgraded Nestle (OTC: NSRGY) to Buy from Hold to reflect the company's improved cash flows.
- Bear Stearns upgraded BEA Systems Inc (NASDAQ: BEAS) to Peer Perform from Underperform.
- Stephens upgraded Sanderson Farms Inc (NASDAQ: SAFM) to Overweight from Equal Weight with a $35 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: analyst, ba, bea systems, beas, BeaSystems, boeing, cien, ciena, fdp, fresh del monte produce, FreshDelMonteProduce, L-3, lll, raiting, realnetworks, research in motion, ResearchInMotion, rimm, rnwk, safm, sanderson, theflyonthewall.com, upgrade
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