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Wednesday's Analysts' Upgrades and Downgrades

 

CHANGE IN RATINGS

American Oriental (AOB Quote) initiated at Jefferies with Buy rating. Price target starts at $20 with FY 2008 eps estimates set at $0.81.

Aon(AOC Quote) 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 Quote) initiated at Morgan Stanley with an overweight rating and $97 price target.

BB&T (BBT Quote) 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. ...

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