Filed under: Analyst upgrades and downgrades

MOST NOTEWORTHY: Lukoil, ENI SpA and Meritage were today’s noteworthy upgrades:

• Citigroup upgraded shares of Lukoil (OTC: LUKOY) to Buy from Hold on valuation, as they believe the company’s oil production, refineries and gas stations outside of Russia are not priced into shares.
• ABN Amro raised ENI SpA (NYSE: E) to Hold from Sell after a meeting with management.
• Meritage (NYSE: MTH) was upgraded to Buy from Neutral at UBS on strong results.

OTHER UPGRADES:

• Morgan Stanley upgraded Corporate Executive (NASDAQ: EXBD) to Equal Weight from Underweight.
• Trico Marine Services (NASDAQ: TRMA) was upgraded to Overweight from Equal Weight at Lehman.
• Holly Corp. (NYSE: HOC) was raised to Outperform from Market Perform at BMO Capital.

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This entry was posted on Wednesday, February 20th, 2008 at 5:35 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.