Wednesday, May 31, 2006

Analyst Actions

Here are some upgrades/downgrads that caught my eye today:
  • TEVA: Am Tech ups from Hold to Buy ($46 tgt)
  • BOT: Keefe Bruyette ups from Underper. to Mkt. Perf.
  • FFIV: Citi ups from Hold to Buy
  • CBST: Lazard lowers from Hold to Sell
  • ASD: Deutsche lowers from Buy to Hold
  • GME: Lazard starts at Buy ($54 tgt)
  • KSS: Stifel starts at Buy ($68 tgt)
  • RBAK: UBS starts at Buy ($30 tgt)
  • CBST: RBC upds tgt from $25 to $33
  • LVS: Jeffries ups tgt from $80 to $88

Market Comments: The market continues to hang in. Oil is trading lower and nearing the $70 level. Semis are strong, with the BRCM/MRVL complex bouncing. One of my trading buddies just pinged me and said he thinks this rally will fizzle. I am hoping otherwise.

long KSS, RBAK


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