Notable Analyst Rating Changes 6/18: ARM, MPEL, LNC, CNW Upgraded; BWA, SNDK, PAYX, YRCW Downgraded
UPGRADES:
Goldman Sachs upgrades ArvinMeritor Inc. (NYSE: ARM) from Neutral to Buy with a $5 price target, providing upside of up to 43%.
Deutsche Bank upgrades Melco Crown Entertainment Ltd. (Nasdaq: MPEL) from Hold to Buy with a $6.50 price target, saying confusion creates opportunities. Click here for the full report.
Credit Suisse upgrades Lincoln National (NYSE: LNC) from Neutral to Outperform. Here is more color on the upgrade.
Baird upgrades Con-way (NYSE: CNW) from Neutral to Outperform and increases price target from $22 to $42.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman downgraded BorgWarner Inc. (NYSE: BWA) from Buy to Neutral with a $33 price target, citing valuation.
Needham & Co downgrades SanDisk (Nasdaq: SNDK) from Hold to Underperform.
J.P. Morgan downgrades Paychex (Nasdaq: PAYX) from Neutral to Underweight.
Robert W. Baird downgrades YRC Worldwide (Nasdaq: YRCW) from Neutral to Underperform saying they see a potential bankruptcy.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Pali Research initiates coverage of AT&T (NYSE: T) with a Sell rating and a $20 price target. Click here for more color.
Pali Research initiates coverage on Verizon (NYSE: VZ) with a Buy rating and $39 price target. Here is the full report.
Cowen & Co initiates coverage on IBM (NYSE: IBM) with an Outperform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Credit Suisse
- Deutsche Bank
- JPMorgan
- Goldman Sachs
- Robert W Baird
- Needham & Co
- Pali Research
- Raising Prices
- Notable Analyst Rating Changes
- Cowen & Co
- Bankruptcy
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