Filed under: Analyst upgrades and downgrades, AMR Corp (AMR), Contl Airlines’B’ (CAL), Delta Air Lines (DAL)

MOST NOTEWORTHY: Airline stocks, LDK Solar and AU Optronics were today’s noteworthy upgrades:

• UBS upgraded legacy airline stocks based on the recent pullback in the group. The firm upgraded Continental Airlines (NYSE: CAL) and Delta (NYSE: DAL) to Buy from Neutral and AMR Corp. (NYSE: AMR) to Neutral from Sell.
• CIBC upgraded shares of LDK Solar (NYSE: LDK) to Sector Performer from Sector Underperformer following a meeting with management as they have greater visibility on polysilicon supply for 2008 as well as comfort that average sales price declines will be lower than previously expected in 2009.
• Lehman upgraded shares of AU Optronics (NYSE: AUO) to Overweight from Equal Weight after raising the Asia Display industry to Positive from Neutral.

OTHER UPGRADES:

• Repsol SA (NYSE: REP) was upgraded to Equal Weight from Underweight.
• Jefferies raised its rating on Shutterfly (NASDAQ: SFLY) to Buy from Hold.
• Baird upgraded Shire Plc (NASDAQ: SHPGY) to Outperform from Neutral.

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This entry was posted on Wednesday, January 9th, 2008 at 3:29 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.