This morning, Citigroup upgraded shares of the FPL Group (NYSE:FPL) from Hold to Buy. Analysts at the firm believe the company will boost earnings in the coming quarters as it is set to push through a rate increase in Florida. With the upgrade, Citigroup set a price target of $58 per share.
In morning trading, shares of the FPL Group were trading higher by more than two percent.
Wells Fargo upgraded shares of Toll Brothers (NYSE:TOL) from Market Perform to Outperform after the company reported strong growth to new orders. Analysts at Wells Fargo believe the home builder will return to profitablility in 2010 and have an EPS estimate of thirty cents per share. With the upgrade, the firm set a valuation range of $24 to $26 per share.
Shares of Toll Brothers surged forward on Wednesday morning, gaining more than sixteen percent so far today.
And Susquehanna upgraded shares of Columbia Sportswear (NASDAQ:COLM) from Negative to Neutral as shares appear attractive again. The stock fell sharply after third quarter earnings were released, but investors may have sent shares too low. With the new release of Omni Heat technology, the firm sees potential as we head into the winter season.
In morning trading, shares of Columbia Sportswear climbed by more than six percent following the upgrade.
For MarketNewsVideo.com, I'm Sayoko Murase.
