Borders Downgraded; Duke Energy a ‘Buy’
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Among Monday’s new stock ratings from Wall Street analysts:
* Borders Group (ticker symbol: BGP; close and change: $13.94, up 94 cents) was downgraded to “hold” from “buy” by ABN Amro.
* Duke Energy (DUK; $55.63, up 6 cents) was raised to “buy” from “hold” by Warburg Dillon Read, with a target of $65.
* E-Tek Dynamics (ETEK; $51.88, up $3.13) was rated “sell” in new coverage by Gilmour & Associates.
* P.F. Chang’s China Bistro (PFCB; $21.38, unchanged) was rated “strong buy” in new coverage by U.S. Bancorp Piper Jaffray.
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