Analyst calls: Deere and Ciena upgraded

JP Morgan, PetSmart and Eli Lilly are downgraded.

By Jonathan Berr Jul 30, 2012 8:53AM

Information provided by Theflyonthewall.com

 

Today's noteworthy upgrades include:
Deere (DE) upgraded to Overweight from Neutral at Piper Jaffray
Ciena (CIEN) upgraded to Hold from Underperform at Jeffries
Arch Coal (ACI) upgraded to Buy from Neutral at Sterne Agee
Barclay's (BCS) upgraded to Buy from Hold at Societe Generale
Gaylord Entertainment (GET) upgraded to Outperform from Market Perform at Wells Fargo
El Dorado Gold (EGO) upgraded to Buy from Hold at Sifel Nicolaus
Cash America (CSH) upgraded to Buy from Neutral at Janney Capital

Today's noteworthy downgrades include:
JPMorgan (JPM) downgraded to Hold from Buy at Deutsche Bank
Electronic Arts (EA) downgraded to Neutral from Buy at Longbow 
PetSmart (PETM) downgraded to Neutral from Buy at Nomura
Newell Rubermaid (NWL) downgraded to Equal Weight from Overweight at Morgan Stanley.
Eli Lilly (LLY) downgraded to Underperform from Hold at Jeffries
Lindsay Corp.  (LNN) downgraded to Neutral from Outperform at Wedbush

Today's noteworthy initiations include:
Sandisk (SNDK) initiated with a Hold at Needham
NewStar Financial (NEWS) initiated with a Market Perform at Keefe Bruyette



1Comment
Jul 30, 2012 9:58AM
avatar
If it wasn't for the stimulus money and HYPE and HOPE...this market would be below 10,000 which is where it should be based on all the negative news both here and abroad.  Key companies such as McDonalds, Alcoa, Starbucks, Ford, CAT, US Postal Service are all reporting negative outlook into the forseeable future.  Consumer confidence is low, the housing market continues to struggle with depressed prices and unsold inventory, foreclosures to be the highest in 2013 then any other year, depressed job market etc. but the market is up for all the wrong reasons.
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