Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Netflix, Inc. (NFLX), Office Depot (ODP), OfficeMax Inc (OMX), Staples Inc (SPLS), Analyst Initiations, Anadarko Petroleum (APC), iRobot Corp. (IRBT)
- JP Morgan upgraded Anadarko Petroleum (APC) to Overweight from Neutral on valuation as it views the recent pullback in shares as excessive. Despite upgrading, the firm lowered its target for shares to $82 from $90.
- Oppenheimer upgraded Office Depot (ODP) to Perform from Underperform and upped its target for shares to $7 from $3 after raising its estimates for companies in the Office Products Retail space. The firm expects trends to accelerate for the sector due to moderating unemployment pressures. In conjunction with the upgrade, Opco raised its target for Office Max (OMX) to $26 from $21 and target for Staples (SPLS) to $30 from $28. Both stocks remain Outperform rated.
- C.K. Cooper upgraded iRobot (IRBT) to Buy from Hold with a $30 price target following the company’s analyst day.
- Seadrill (SDRL) was upgraded to Buy from Hold at Jefferies.
- Vodafone (VOD) was upgraded to Neutral from Reduce at Nomura.
Continue reading Analyst Calls: APC, ODP, IRBT, NFLX, POM, MMSI, NTAP, LULU, LNCE
Analyst Calls: APC, ODP, IRBT, NFLX, POM, MMSI, NTAP, LULU, LNCE originally appeared on BloggingStocks on Fri, 14 May 2010 09:00:00 EST. Please see our terms for use of feeds.
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Office Depot – Staples – OfficeMax – Anadarko Petroleum Corporation – Netflix

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