Monday, May 16, 2011

Analyst Actions: F, AEO, MGM, AMR, SLE


Ford Motor Co. (NYSE: F): Citigroup on Monday upgraded its rating on the company to Buy from Hold. The firm maintained its $18 price target on the stock.

American Eagle Outfitters (NYSE: AEO): Susquehanna upgraded its rating on the stock to Positive from Neutral. The firm raised its price target on the stock to $18 from $15.

MGM Mirage (NYSE: MGM): Jefferies this morning upgraded its rating on the company to Buy from Hold. The firm also raised its price target on the stock to $18 from $16. In a research note to clients, the firm said "Our view is that while consumer trends should continue to improve across all segments, the LV Strip market and regional gaming markets warrant a more bullish stance, particularly through 2012."

AMR Corp (NYSE: AMR): J.P. Morgan on Tuesday raised its rating on th company to Overweight from Neutral. The firm lifted its price target on the stock to $9.50 from $8.50.

Sara Lee (NYSE: SLE): J.P. Morgan upgraded the company to Overweight from Neutral. In a research note to clients, the firm stated “Following our meeting with CEO Marcel Smits and executive chairman Jan Bennink, we have a deeper appreciation of the cost and growth opportunities of a company we have largely shunned for the past decade. The likelihood of value creation through the pending split of the company is high, in our view.”

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