Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Filed under: Analyst reports, Analyst upgrades and downgrades, Estee Lauder (EL), Caterpillar (CAT), Halliburton (HAL), American Express (AXP), Federal Natl Mtge (FNM), Mattel, Inc (MAT), Southwest Airlines (LUV), Analyst initiations, Deere and Co (DE), Marvell Technology Group (MRVL)

• American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
  


• RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
  


• Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
  


• Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
  


• Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
  


• Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.


• China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.

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Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT.... originally appeared on BloggingStocks on Mon, 19 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

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