Notable Analyst Rating Changes 6/18: ARM, MPEL, LNC, CNW Upgraded; BWA, SNDK, PAYX, YRCW Downgraded

June 18, 2009 9:46 AM EDT

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 Reports

Stocks Mentioned

ARM 8.69

+0.79 +10.00%
Volume: 2,724,709
Track ARM

BWA 33.04

+1.20 +3.77%
Volume: 1,072,549
Track BWA

CNW 30.06

-0.29 -0.96%
Volume: 2,076,337
Track CNW

IBM 126.00

+2.51 +2.03%
Volume: 7,764,561
Track IBM

LNC 24.81

+1.06 +4.46%
Volume: 4,309,243
Track LNC

MPEL 4.93

-0.12 -2.38%
Volume: 12,533,409
Track MPEL

PAYX 30.95

+0.58 +1.91%
Volume: 4,629,382
Track PAYX

SNDK 21.82

+1.00 +4.80%
Volume: 7,091,746
Track SNDK

T 26.34

+0.41 +1.58%
Volume: 23,634,683
Track T

VZ 30.17

+0.61 +2.06%
Volume: 19,162,909
Track VZ

YRCW 1.18

-0.04 -3.28%
Volume: 8,779,196
Track YRCW


Related Entities


Add Your Comment