Analyst calls: LVS, GM, DELL, JCP, PALM, AXP, CHIC, STZ, AMP, BOBE

Filed under: Analyst upgrades and downgrades, Dell (DELL), General Motors (GM), Penney (J.C.) (JCP), American Express (AXP), Palm Inc (PALM), Analyst initiations, Las Vegas Sands (LVS)

• Roth Capital upgraded Charlotte Russe (NASDAQ: CHIC) to Hold from Sell. The firm is positive on management's strategy to drive improved operating performance and is encouraged by the company's longer-term growth prospects.
  


• Banc of America upgraded shares of Las Vegas Sands (NYSE: LVS) to Neutral from Sell following the company's capital raise as they see a more balanced risk/reward at current levels. The firm lowered their target to $5 from $12.
  


• Constellation Brands (NYSE: STZ) was raised to Buy from Neutral at UBS.
  


• Credit Suisse upgraded Ameriprise (NYSE: AMP) to Outperform from Neutral.
  


• Bob Evans (NASDAQ: BOBE) was upgraded to Hold from Underweight at KeyBanc.


• J. Sainsbury (OTC: JSAIY) was upgraded to Buy from Hold at ING and to Neutral from Underweight at JP Morgan after the company topped earnings expectations.

• JP Morgan downgraded General Motors (NYSE: GM) to Neutral from Overweight citing the "ambiguity of government aid structure" and the likely dilution to equity. The analyst said GM needs money now to get past December 2008 and will need at least $15B to get through 2009, with the total bailout potentially reaching $30B.
  


• Goldman downgraded Dell (NASDAQ: DELL) to Sell from Neutral and added shares to the Conviction Sell List.
  


• J.C. Penney (NYSE: JCP) was lowered to Equal Weight from Overweight at Morgan Stanley.

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Analyst calls: LVS, GM, DELL, JCP, PALM, AXP, CHIC, STZ, AMP, BOBE originally appeared on BloggingStocks on Thu, 13 Nov 2008 11:00:00 EST. Please see our terms for use of feeds.

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