Analyst upgrades, downgrades and initiations

Filed under: Analyst reports, Analyst upgrades and downgrades, RadioShack Corp (RSH), Analyst initiations, Calif Pizza Kitchen (CPKI)

Analyst upgrades:

• Merrill upgraded Schering-Plough (NYSE:SGP) to Buy from Neutral citing the company's better near-term pipeline outlook with two potential blockbusters to be approved over the next year. Schering-Plough's target was raised to $23 from $20.


• Morgan Stanley lifted RadioShack (NYSE:RSH) and Texas Roadhouse (NASDAQ:TXRH) to Equal Weight from Underweight.

• Jefferies downgraded shares of Hologic (NASDAQ:HOLX) to Hold from Buy as they see limited near-term catalysts after the company reported a Q3 miss and lowered top-line guidance for FY08. The firm lowered their target to $24 from $28.
  


• Baird downgraded California Pizza (NASDAQ:CPKI) to Neutral from Outperform as they see limited near-term upside given the uncertain 2H08/2009 outlook. The company's target was lowered to $15 from $17.
  


• JP Morgan downgraded Jones Lang LaSalle (NYSE:JLL) and CB Richard Ellis (NYSE:CBG) to Neutral from Overweight due to the continued challenging economic environment.

• BC Capital initiated Dollar Financial(NYSE:DLLR) with an Outperform rating and $24 target. The firm likes Dollar's geographically diversified business and valuation.

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