Notable Analyst Rating Changes 5/16: KR, TJX, APC Upgraded; JCP, RAI, URBN Downgraded
More News related to APC
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- Anadarko Updates Production Outlook Following Gulf Storms
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- Costco (COST) Tops Q4 EPS by 4c
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More News related to JCP
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- Morning Movers 10/08: Stocks Lower Even After Global Rate Cut; BofA (BAC) Sinks 18% After Stock Offering
- J. C. Penney (JCP) Sept. Comps Fell 10.9%; Cuts Q3 EPS Guidance Below the Street
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Morgan Stanley upgrades Kroger (NYSE: KR) from Equalweight to Overweight.
Goldman Sachs upgrades TJX Companies (NYSE: TJX) from Neutral to Buy.
Lehman Bros upgrades Anadarko (NYSE: APC) from Equalweight to Overweight, citing attractive valuation.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades J.C. Penney (NYSE: JCP) from Buy to Neutral.
JPMorgan downgrades Reynolds American (NYSE: RAI) from Neutral to Underweight.
Lehman Bros. and Stifel Nicolaus downgrade Urban Outfitters (Nasdaq: URBN) to Equalweight and Hold respectively.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merrill Lynch resumes coverage on MGM MIRAGE (NYSE: MGM) with a Neutral, Wynn Resorts (Nasdaq: WYNN) with a Buy and Las Vegas Sands (NYSE : LVS) with a Sell.
Morgan Stanley assumes coverage on Costco (Nasdaq: COST) with an Equalweight.
Capital One Southcoast initiates coverage on Plains Exploration & Production (NYSE: PXP) with a Strong Buy rating and a $92 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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