Notable Analyst Rating Changes 2/22: DISCA, MT, SOL, BBD Upgraded; FRE, FNM, BBY, ABX, KGC Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Credit Suisse upgrades Discovery Holding (Nasdaq: DISCA) from Underperform to Neutral.
Deutsche Bank upgrades Arcelor-Mittal (NYSE: MT) to Buy and raises its price target from $72 to $90.
Goldman Sachs upgrades ReneSola Ltd. (NYSE: SOL) from Neutral to Buy.
Bear Stearns upgrades Banco Bradesco S.A. (NYSE: BBD) from Peer Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) from Neutral to Sell, saying the stock don't reflect the severity of the headwinds the cos are facing.
Morgan Stanley downgrades Best Buy (NYSE: BBY) from Equal-Weight to Underweight.
UBS downgrades Barrick Gold (NYSE: ABX) and Kingross Gold (NYSE: KGC) to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs initiates coverage on Gafisa S.A. (NYSE: GFA) with a Sell rating.
Robert W. Baird initiates coverage on Duke Realty Corporation (NYSE: DRE) with an Outperform rating.
Pali Research initiates coverage on American Eagle Outfitters Inc. (NYSE: AEO) with a Buy rating and $26 price target, saying a recent teen survey showed that "hands down" AEO won as the favorite brand and most dollars spent.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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- Credit Suisse
- Deutsche Bank
- UBS
- Goldman Sachs
- Morgan Stanley
- Bear Stearns
- Merrill Lynch
- Robert W Baird
- Pali Research
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