Filed under: Analyst reports, Analyst upgrades and downgrades, Circuit City Stores (CC), Palm Inc (PALM), United Technologies (UTX)
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MOST NOTEWORTHY: Palm (PALM), Fuel Tech (FTEK), Weyerhaeuser (WY), and John Wiley & Sons (JW.A) were today’s noteworthy upgrades:
- Palm Inc (NASDAQ: PALM) was upgraded to Outperform from Market Perform by Morgan Keegan, who expects PALM’s recapitalization to bring more financial discipline, better growth from new products, and views the valuation as compelling.
- FuelTech Inc (NASDAQ: FTEK) was upgraded to Buy from Accumulate at ThinkEquity, which believes the company technologies are well-positioned as the U.S. Clean Air Act takes effect.
- Bank of America upgraded Weyerhaeuser Company (NYSE: WY) to Buy from Neutral, citing valuation and their prediction that the company’s restructuring will create value for shareholders.
- John Wiley & Sons Inc (NYSE: JW.A) was upgraded to Buy from Hold by Stifel Nicolaus & Co, which views the company as a consistent performer with emerging catalysts and reasonable valuation.
OTHER UPGRADES:
- Circuit City Stores Inc (NYSE: CC) was added to the SMid Money List at JP Morgan.
- Fifth Third Bancorp (NASDAQ: FITB) was upgraded to Market Perform from Underperform at Keefe Bruyette & Woods.
- United Technologies Corporation (NYSE: UTX) was upgraded to Outperform from Market Perform by Bernstein.
- BreitBurn Energy Partners LP (NASDAQ: BBEP) was upgraded to Buy from Hold by AG Edwards.
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