ACOR, SLB, ATI - Today’s Analyst Upgraded Stocks
ACOR, SLB, ATI - Today’s Analyst Upgraded Stocks
Dallas, TX 10/15/2009 08:40 PM GMT (TransWorldNews)
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Acorda Therapeutics Inc. (NASDAQ:ACOR) zoomed 46.59% to $24.54 after Merriman upgraded the stock to Buy from Neutral based on the favorable FDA panel outcome and set a $30-$33 target range on the stock. Baird upgraded Acorda to Outperform from Neutral and raised its target to $28 from $24. Following the panel review, Baird expects Amaya to be approved in 1H10 and would be buyers into the mid/high $20s. Acorda Therapeutics, Inc. (Acorda) is a commercial-stage biopharmaceutical company engaged in the identification, development and commercialization of therapies that improve neurological function in people with multiple sclerosis (MS), spinal cord injury (SCI), and other disorders of the central nervous system (CNS).
Schlumberger Limited (NYSE:SLB) spurted 4.00% to $68.68 after Citigroup upgraded Schlumberger to Buy from Hold on valuation and the company's exposure to a potential upturn in international drilling. The firm raised its target on shares to $80 from $56. Schlumberger Limited (Schlumberger) is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry. The Company consists of two business segments: Schlumberger Oilfield Services and WesternGeco.
Allegheny Technologies Incorporated (NYSE:ATI) jumped 3.86% to $39.04 after UBS upgraded the stock to Buy from Neutral and raised its target to $43 from $31 and believes the end of jet engine and other destocking will result in an initial recovery into 2010, even before an order ramp into 2011. Allegheny Technologies Incorporated (ATI) is a diversified specialty metals producer. The Company’s products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and large grey and ductile iron castings.
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