Notable Analyst Rating Changes 11/17: MCD, YUM, NOK Upgraded; WFR, TRA, DELL, DIS, FCX Downgraded
UPGRADES:
UBS upgrades McDonald's (NYSE: MCD) from Neutral to Buy, citing EPS expectations in 2009. The firm said shares gains are sustainable and could accelerate.
UBS upgrades YUM! Brands (NYSE: YUM) from Neutral to Buy, citing valuation after recent slide and potential for meaningful EPS growth. The firm lowered its price target on YUM! from $40 to $29.
Merrill Lynch upgrades Nokia (NYSE: NOK) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Collins Stewart downgrades MEMC Electronic Materials (NYSE: WFR) from Buy to Hold.
BMO Capital downgrades Terra Industries (NYSE: TRA) from Market Perform to Underperform.
Merrill Lynch downgrades Dell (Nasdaq: DELL) from Buy to Neutral. The firm said PC unit sales will fall 2% next year, versus its prior forecast of 12% growth.
Soleil Securities downgrades Walt Disney (NYSE: DIS) from Buy to Hold. Price target lowered to $23 from $40.
J.P. Morgan downgrades Freeport-McMoran (NYSE: FCX) from Overweight to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Cowen & Co resumes coverage on Gap Inc (NYSE: GPS) with a Neutral.
Citi initiates coverage on Advance Auto Parts Inc (NYSE: AAP) with a Buy. Price target $35.
Citi initiates coverage on AutoZone Inc. (NYSE: AZO) with a Buy. Price target $146.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- UBS
- JPMorgan
- Citi
- Merrill Lynch
- Soleil Securities
- BMO Capital
- Collins Stewart
- Notable Analyst Rating Changes
- Cowen & Co
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