Analyst upgrades: SUN, VLO, UBS, LEH and SUPX
Posted Oct 8th 2007 10:45AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Valero Energy (VLO), Lehman Br Holdings (LEH)
.gif)
MOST NOTEWORTHY: Sunoco, Valero Energy, UBS AG, Lehman Brothers and Supertex were today's noteworthy upgrades:
- Citigroup upgraded both Sunoco (NYSE: SUN) and Valero (NYSE: VLO) to Buy from Hold, as they believe both companies will benefit from the collapse of ethanol prices since refiners are mainly supplied under term contracts struck above current levels.
- Merrill upgraded shares of UBS (NYSE: UBS) to Buy from Neutral to reflect the company's lack of exposure to fixed income.
- Credit Suisse upgraded shares of Lehman Brothers (NYSE: LEH) to Outperform from Neutral citing improved performance prospects.
- Supertex (NASDAQ: SUPX) was raised to Buy from Neutral at Oppenheimer. The firm expects a rebound in all business segments, Medical is entering a seasonally strong September quarter, and notes Motorola (NYSE: MOT) shipments are growing.
OTHER UPGRADES:
Tags: american reprographics, AmericanReprographics, analyst, arp, dde, dover downs, DoverDowns, leh, lehman, novatel, nvtl, sun, sunoco, supertex, supx, taiwan semiconductor, TaiwanSemiconductor, tsm, ubs, upgrade, valero, vlo
Senator Sanders proposes legislation to break up large banks
Closing Bell: Unemployment must not be relevant (GE, ACOM, FNM, ZIOP, MOT, NVDA)
Employee productivity up close to 10%
