Friday, April 01, 2005

Morning Buy/Sell Recommendations

Goldman Sachs:
- Reiterated Outperform on DELL.
- Upgraded COF to Outperform.
- Upgraded FMD to Outperform.

Smith Barney:
- Said to Buy CELG, target $41.
- Reiterated Buy on FRE, target $80.

CSFB:
- Reiterated Outperform on CHK, DVN.
- Raised FO to Outperform, target $90.
- Raised ADS to Outperform, target $50.

Merrill Lynch:
- Lowered Retail sector to Underweight.
- Raised TKC to Buy.

Raymond James:
- Raised COGN to Strong Buy, target $56.50.
- Reiterated Strong Buy on RIG, target $61.50.
- Reiterated Strong Buy on ATW, target $93.
- Reiterated Strong Buy on JBL, target $39.

Banc of America:
- Upgraded FTI to Buy, target $39.
- Upgraded BHI to Buy, target $52.

UBS:
- Raised COGN to Buy, target $50.
- Raised KSU to Buy, target $26.
- Raised WCC to Buy, target $38.

Deutsche Bank:
- Raised ACN to Buy, target $28.
- Raised OXY to Buy, target $80.
- Rated APA Buy, target $71.
- Rated APC Buy, target $84.
- Rated BR Buy, target $54.
- Rated CHK Buy, target $26.
- Rated EOG Buy, target $53.
- Rated MUR Buy, target $110.
- Rated NFX Buy, target $83.
- Rated NBL Buy, target $82.
- Rated XTO Buy, target $37.
- Rated EAC Buy, target $69.
- Rated EPL Buy, target $29.
- Rated RRC Buy, target $28.

Bear Stearns:
- Raised MKTX to Outperform, target $14.

JP Morgan:
- Said Aluminum prices, now near a 10-year high, will fall in 2006 and stay lower for the rest of the decade as China boosts production.
- Rasied CYMI to Overweight.
- Cut VISG to Underweight.

Piper Jaffray:
- Rated GYI Outperform, target $78.
- Reiterated Buy on CY, target $18.

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