Wednesday's Analysts' Upgrades and Downgrades
CHANGE IN RATINGSAmerican Oriental (AOB) initiated at Jefferies with Buy rating. Price target starts at $20 with FY 2008 eps estimates set at $0.81.
Aon (AOC) upgraded at Goldman Sachs to Buy from Neutral based on earnings growth and lack of exposure to mortgage crisis. See 13% earnings growth in 2008, with modest topline growth as company benefits from MMC's problems. Price target at $56.
Credicorp (BAP) initiated at Morgan Stanley with an overweight rating and $97 price target.
BB&T (BBT) upgraded at Oppenheimer from Sell to Neutral. Remain cautious on the group, but the company has an attractive balance sheet and sports an attractive dividend yield.Circuit City (CC) downgraded at JP Morgan from Overweight to Neutral. The company will likely struggle for the next couple of quarters and a turnaround would require deep pockets, potentially from a strategic partner. Dick's Sporting Goods (DKS) upgraded at Citigroup from Hold to Buy. Valuation call, as private label initiatives should help boost margins. $37 price target. Dick's Sporting Goods target raised at Goldman to $32 from $31. Q3 earnings came in above expectations, showing market share momentum, unique product offerings, and better inventory control. Maintained Neutral rating. Gorman-Rupp (GRC) downgraded at Friedman, Billings Ramsey from Market Perform to Underperform. There is downside risk potential to 2008 earnings. $32 price target.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV