Dallas, TX 10/28/2009 10:26:30 PM
News / Business

Stock Upgrades (NYSE: EW, AKS, TGT) - Gaining Stocks

Stock News

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Goldman Sachs upgrades Edwards Lifesciences Corp. (NYSE: EW) from Neutral to Buy and raised their price target from $79 to $95, representing 25% upside. The firm said, "Edwards is the only company across our universe that has a new product cycle, which will drive future margin expansion." Goldman also said EW is the most likely take-out candidate in the group.

AK Steel Holding Corporation (NYSE:AKS) Citigroup upgrades AK Steel (NYSE: AKS) from Hold to Buy and raises and raised their price target from $17 to $21, citing improving earnings as utilization rates increase and the China steel market stabilizes.

Target Corporation (NYSE:TGT) Citigroup upgraded Target Corp (NYSE: TGT) from Sell to Buy and raised their price target from $44 to $61, saying they expect strong earnings growth in 2010 as operating margin drivers kick into full gear.

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