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Tuesday's Analysts' Upgrades and Downgrades
CHANGE IN RATINGS
Agilent (A Quote) upgraded at JP Morgan from Neutral to Overweight. Stock also added to the Focus List, using a $46 price target. Company also remains a potential takeover target.Broadcom (BRCM Quote) upgraded at Citigroup from Hold to Buy. $52 price target. Networking and broadband should drive a return of revenue and margin growth over the next couple of years.
Eaton (ETN Quote) upgraded at Friedman, Billings Ramsey to Outperform. $104 price target. Estimates cut to reflect lower near-term earnings, but growth remains solid in several areas. Stock also trades at a discount to its peers.
General Motors (GM Quote) downgraded at Bear Stearns from Peer Perform to Underperform. Estimates look high, following the UAW settlement. Company also highly levered to a slowing US economy. ...
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