Notable Analyst Rating Changes 1/7: BAC, SHLD, THC, IT, ZUMZ, CITP Upgraded; RAI, AA, RAD, WEN, BEXP Downgraded

January 7, 2010 10:54 AM EST

UPGRADES:
Credit Suisse upgraded Bank of America Corp. (NYSE: BAC) from Neutral to Outperform and raised their price target form $17 to $21.

Deutsche Bank upgrades Sears Holdings (NASDAQ: SHLD) from Sell to Hold. Price target $97. Click Here for more color.

Bank of America upgrades Tenet Healthcare (NYSE: THC) from Underperform to Neutral. Price target increased from $5.50 to $6.50.

Piper Jaffray upgrades Gartner Inc. (NYSE: IT) from Neutral to Overweight. Price target increased from $19 to $27. Click Here for more color.

Zumiez (NASDAQ: ZUMZ) upgraded by two firms:

  • Caris & Co. upgraded to Above Average with a raised price target to $17 to $14; and

  • Needham & Co. upgrades to Buy from Hold.
BMO Capital upgrades COMSYS IT Partners (NASDAQ: CITP) from Market Perform to Outperform. Price target increased from $8 to $18.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Goldman Sachs downgrades Reynolds American Inc. (NYSE: RAI) from Neutral to Sell with a $53 price target.

Citigroup downgrades Alcoa (NYSE: AA) from Buy to Hold and maintains a $17 price target.

J.P. Morgan downgrades Rite Aid (NYSE: RAD) from Overweight to Neutral.

Sun Trust downgrades Wendy's/Arby's Group (NYSE: WEN) from Buy to Neutral.

Brigham Exploration (NASDAQ: BEXP) downgraded by two firms:
  • Natixis Bleichroeder from Buy to Hold with a price target raised to $16 from $13; and

  • BMO Capital from Market Perform to Underperform, with a price target of $10.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Jefferies & Co initiates coverage on Verizon (NYSE: VZ) with a Buy rating. Price target $37.

J.P. Morgan initiates coverage on BioMarin (NASDAQ: BMRN) with an Overweight rating. Price target $25.

C.K. Cooper initiates coverage on Ensco Int'l (NYSE: ESV) with a Hold. Price target $48.

Roth Capital initiates coverage on Dendreon (NASDAQ: DNDN) with a Buy rating and a $50 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

AA 14.30

+0.00 +0.00%
Volume: 47,875
Track AA

BAC 17.08

+0.00 +0.00%
Volume: 413,233
Track BAC

BEXP 16.20

+0.00 +0.00%
Volume: 2,661,783
Track BEXP

BMRN 22.67

+0.00 +0.00%
Volume: 460,126
Track BMRN

CITP 17.52

+0.00 +0.00%
Volume: 1,113,492
Track CITP

DNDN 36.16

+0.00 +0.00%
Volume: 1,475
Track DNDN

ESV 45.03

+0.00 +0.00%
Volume: 2,882,999
Track ESV

IT 23.48

+0.00 +0.00%
Volume: 357,457
Track IT

RAD 1.56

+0.00 +0.00%
Volume: 3,958,894
Track RAD

RAI 53.59

+0.00 +0.00%
Volume: 870,052
Track RAI

SHLD 104.84

+0.00 +0.00%
Volume: 380,520
Track SHLD

THC 5.66

+0.00 +0.00%
Volume: 300
Track THC

VZ 30.30

+0.00 +0.00%
Volume: 2,872
Track VZ

WEN 4.76

+0.00 +0.00%
Volume: 9,712,354
Track WEN

ZUMZ 19.59

+0.00 +0.00%
Volume: 220,621
Track ZUMZ


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Comments

WEN
Johnathan Zimmer on Jan 7, 2010 06:41 PM

Way to go Mr. B I couldnt have said it better myself. The volume today shows your truth.

suntrust wen downgrade
mr.battapaglia on Jan 7, 2010 06:32 PM

suntrust are morons trying to manipulate market for own gain wen is great stock and a buy anytrime under 5.00


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