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Thursday's Analysts' Upgrades and Downgrades

 

CHANGE IN RATINGS

Abbott Laboratories (ABT Quote) downgraded at Wachovia to Market Perform. Estimates also cut, as the company is facing several challenges at its key franchises.

Broadcom(BRCM Quote) initiated at UBS with Buy rating. Price target starts at $47 and FY 2008 EPS estimates set at $0.47.

BRE Properties (BRE Quote) upgraded at Credit Suisse to Outperform from Neutral. Cites high portfolio quality at discounted valuation. Raised target price to $65 from $50.

Celestica (CLS Quote) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. Valuation call, as the stock is trading near tangible book value. Downside appears limited from current levels. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
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DOWN
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DOWN
19.14
DOWN
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