Monday, May 9, 2011

Analyst Actions: ALU, ETFC, SNDK, BHI, PEP

Alcatel-Lucent (NYSE: ALU): Societe Generale this morning downgraded its rating on the company to Sell from Hold.

E*TRADE (NASDAQ: ETFC): Goldman Sachs on Monday upgraded its rating on the company to Buy from Neutral. In a research note to clients, the firm states, "As we approach a seasonally slower period during summer months, which will likely impact all volume-sensitive names in our coverage group, we prefer shares of E*Trade for the company's lower exposure to transaction-based revenue, muted impact from the declining recent trend in interest rates, improving credit, and its year-to-date underperformance." 

SanDisk (NASDAQ: SNDK): ThinkEquity on Monday upgraded the company to Buy from Hold.

Baker Hughes(NYSE: BHI): Barclays upgraded the stock to Overweight from Equal Weight with a $91 price target.

Pepsico (NYSE: PEP): Goldman this morning added PepsiCo to its Conviction Buy List citing valuation, earnings growth, and dividend yield. 

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