Filed under: Analyst upgrades and downgrades , Intel (INTC) , Research in Motion (RIMM) , Abercrombie and Fitch (ANF) , Analyst initiations , Wells Fargo (WFC) Analyst upgrades: Piper upgraded Intel (NASDAQ: INTC ) to Buy from Neutral to reflect the company's strong competitive position and low valuation. The firm does not expect Intel to miss Q3 estimates. Goldman upgraded shares of Deutsche Telecom (NYSE: DT ) to Buy from Neutral and added the stock to the Conviction Buy List as they believe the dividend is well covered. Wachovia upgraded Landstar System (NASDAQ: LSTR ) to Outperform from Market Perform on valuation and potential near-term catalysts from hurricane-related activities. Abercrombie & Fitch (NYSE: ANF ) was raised to Outperform from Market Perform at Friedman Billings. Research in Motion (NASDAQ: RIMM ) was upgraded at JMP Securities to Outperform from Market Perform. Baird lifted Wells Fargo (NYSE: WFC ) to Neutral from Underperform. Analyst downgrades: Jefferies downgraded VCA Antech (NASDAQ: WOOF ) to Underperform from Buy as they believe reduced consumer spending and rising unemployment levels will hurt the company's hospital and lab volumes in FY09. The company's target was lowered to $25 from $35. Oppenheimer downgraded shares of Total System (NYSE: TSS ) to Perform from Outperform to reflect the challenging macro environment and the customer portfolio risk from bank consolidation. Continue reading Analyst calls: ...
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Filed under: Analyst upgrades and downgrades , Intel (INTC) , Research in Motion (RIMM) , Abercrombie and Fitch (ANF) , Analyst initiations , Wells Fargo (WFC) Analyst upgrades: Piper upgraded Intel (NASDAQ: INTC ) to Buy from Neutral to reflect the company's strong competitive position and low valuation. The firm does not expect Intel to miss Q3 estimates. Goldman upgraded shares of Deutsche Telecom (NYSE: DT ) to Buy from Neutral and added the stock to the Conviction Buy List as they believe the dividend is well covered. Wachovia upgraded Landstar System (NASDAQ: LSTR ) to Outperform from Market Perform on valuation and potential near-term catalysts from hurricane-related activities. Abercrombie & Fitch (NYSE: ANF ) was raised to Outperform from Market Perform at Friedman Billings. Research in Motion (NASDAQ: RIMM ) was upgraded at JMP Securities to Outperform from Market Perform. Baird lifted Wells Fargo (NYSE: WFC ) to Neutral from Underperform. Analyst downgrades: Jefferies downgraded VCA Antech (NASDAQ: WOOF ) to Underperform from Buy as they believe reduced consumer spending and rising unemployment levels will hurt the company's hospital and lab volumes in FY09. The company's target was lowered to $25 from $35. Oppenheimer downgraded shares of Total System (NYSE: TSS ) to Perform from Outperform to reflect the challenging macro environment and the customer portfolio risk from bank consolidation. Continue reading Analyst calls: ...