Notable Analyst Rating Changes 10/3: COST, CS, CSX, URBN Upgraded; CMI, WAG, SGP, SCG Downgraded
UPGRADES:
Goldman Sachs upgrades Costco (Nasdaq: COST) from Neutral to Buy and adds the stock to its Conviction Buy List, citing valuation and market share gains as the economy falters.
Goldman Sachs upgrades Credit Suisse Group (NYSE: CS) from Neutral to Buy and added the stock to their Conviction Buy List.
JP Morgan upgrades CSX Corp. (NYSE: CSX) from Neutral to Overweight.
DA Davidson upgrades Urban Outfitters (Nasdaq: URBN) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Wachovia downgrades Cummins Inc. (NYSE: CMI) to Market Perform and lowering valuation range to $43-46 from $83-86.
Morgan Stanley downgrades Walgreen (NYSE: WAG) from Overweight to Equalweight.
Merrill Lynch downgrades Schering-Plough (NYSE: SGP) from Buy to Underperform
Merrill Lynch downgrades SCANA (NYSE: SCG) from Neutral to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merrill Lynch resumes coverage on Gilead Sciences (Nasdaq: GILD) with a Neutral.
Jefferies & Co. initiates coverage on The TJX Companies (NYSE: TJX) with a Buy rating.
Banc of America initiates coverage on Kraft Foods (NYSE: KFT) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Goldman Sachs Conviction Buy List
- Credit Suisse
- JPMorgan
- Goldman Sachs
- Morgan Stanley
- Jefferies & Co
- Merrill Lynch
- Wachovia
- Banc of America
- D.A. Davidson
- Notable Analyst Rating Changes
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