Top Analyst Upgrades and Downgrades (AM, BBBY, CTAS, HOV, ERIC, MU, PVTB, WAG, XLNX)
The research reports are getting thinner and thinner into the holidays. These are some of this Thursday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. American Greetings Corp. (NYSE: AM) Cut to Hold at S&P Equity…
American Greetings Corp. (NYSE: AM) Cut to Hold at S&P Equity Research.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) Maintained Neutral but raised target to $55 at BoA/ML; Maintained Buy and raised target to $55 at Argus.
Cintas Corporation (NASDAQ: CTAS) Raised to Buy at S&P Equity Research.
Hovnanian Enterprises Inc. (NYSE: HOV) Cut to Underperform at BofA/ML; Maintained underperform and cut estimates at Credit Suisse.
LM Ericsson Telephone Co. (NASDAQ: ERIC) Cut to Neutral at Goldman Sachs.
Micron Technology Inc. (NYSE: MU) Maintained Outperform but cut target to $10 from $15 at Credit Suisse.
Privatebancorp Inc. (NASDAQ: PVTB) Cut to Market Perform at BMO.
Walgreen Co. (NYSE: WAG) Maintained Neutral but raised target to $43 at Credit Suisse.
Xilinx Inc. (NASDAQ: XLNX) Cut to Outperform at Raymond James.
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JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.