Oct 27, 2009 (MarketNewsVideo.com via COMTEX News Network) -- This morning, TD Newcrest upgraded shares of Agrium (AGU) from Hold to Buy as the stock has fallen more than ten percent since the company reported weak earnings last week. The firm feels the drop is unwarranted and overdone when compared to peers. With the upgrade, TD Newcrest also reiterated its price target of $60 per share.
In morning trading, shares of Agrium gained more than one and a half percent following the upgrade.
FBR upgraded shares of chip maker Texas Instruments (TXN) from Market Perform to Outperform as the firm is optimistic over the holiday season following strong earnings reports from Apple (AAPL) and Amazon.com (AMZN). Analysts at the firm believe The company is capable of expanding margins further, upwards of 55%. With the upgrade, FBR set a price target of $31 per share.
Shares of Texas Instruments were showing modest gains this morning, up about one half of one percent.
And Goldman Sachs upgraded shares of the Cheesecake Factory (CAKE) from Neutral to Buy as the firm believes the company should see sales and margins picking up in 2010. Analysts at Goldman see opportunity in owning shares of the Cheesecake Factory as the stock should benefit directly from the cyclical recovery once it begins. Goldman Sachs set a price target of $23 per share with the upgrade.
In morning trading, shares of the Cheesecake Factory gained almost two and a half percent in morning trading.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200910Upgrades102709&mv=1.
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