Louisiana-Pacific (LPX) Jumps On Rare Analyst Upgrade Jul 2, 2009 12:52PM

Shares of Louisiana-Pacific Corp. (NYSE: LPX) are 9% higher today, benefiting from a rare upgrade of the building products company.

D.A. Davidson upgraded LPX from Neutral to Buy with a $5.50 price target. The price target represents 54% upside from yesterday's close.


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Deutsche Bank Upgrades Tata Motors Ltd (TTM) to Buy; Upswing in India Economy Bodes Well for Company Jul 2, 2009 10:30AM

Deutsche Bank upgrades Tata Motors Ltd (NYSE: TTM) to Buy. Price target of Rs350.

Deutsche analyst says, "We believe Tata Motors is at the inflection of its cashflow cycle. We estimate that operating cashflow has troughed at -Rs122bn in FY09E and forecast it to increase to cRs11-15bn by FY11E. Volume growth, cost control (in JLR) and capex rationalisation will drive the change. The high leverage (4x debt/equity) is worrying but there are options to reduce it in the medium term. Visibility on Jaguar/Land Rover (JLR) operations has lifted uncertainty around TAMO's financial health. We note that our view on the stock is at a variance with the consensus."

"Deutsche Bank has raised global growth from 2% to 2.5%, driven by upgrades in the US and Euro area which account for c65% of JLR's sales. In addition, we view the upswing in economic activity and infrastructure spend in India bodes well for TAMO...The company has indicated divestments and equity issuance as options. We believe it would need to raise at least Rs40-50bn over the next 18 months. The company has shareholders' approval to raise US$500m of shareholder's funds."

To see more analyst ratings on TTM Click Here.

Tata Motors Limited is a automobile manufacturer. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company.


Raymond James Upgrades Denison Mines (DNN) to Outperform Jul 2, 2009 10:13AM

Raymond James upgrades Denison Mines (NYSE Amex: DNN) from Market Perform to Outperform.

To see more analyst ratings on DNN Click Here.

Denison Mines Corp. (Denison) is engaged in uranium exploration, development, mining and milling.


Raymond James Upgrades Gran Tierra (GTE) to Strong Buy Jul 2, 2009 10:11AM

Raymond James upgrades Gran Tierra Energy (NYSE Amex: GTE) from Outperform to Strong Buy.

To see more analyst ratings on GTE Click Here.

Gran Tierra Energy Inc. (Gran Tierra) is an independent energy company engaged in oil and gas exploration, development and production.


Raymond James Upgrades Ritchie Bros. Auctioneers (RBA) to Outperform Jul 2, 2009 10:03AM

Raymond James upgrades Ritchie Bros. Auctioneers (NYSE: RBA) from Market Perform to Outperform.

For more analyst ratings on RBA click here.

Ritchie Bros. Auctioneers Incorporated operates as an industrial auctioneer. The company sells equipment to on-site and online bidders worldwide.


More Upgrades

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