StreetInsider.com Notable Analyst Rating Changes 10/11
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More News related to Downgrades
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Notable Analyst Rating Changes:
UPGRADES:
Lehman Brothers upgrades Norfolk Southern Corp. (NYSE: NSC) from Underweight to Equal Weight.
Credit Suisse upgrades BRE Properties Inc. (NYSE: BRE) from Neutral to Outperform.
Stiffel, Nicolaus & Co. upgrades SL Green Realty Corp. (NYSE: SLG) from Hold to Buy with a $135 price target. The firm raised its rating for several reasons including slowing leasing dynamics, flattening rental rate growth, and virtually no increases in expected vacancies.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Think Equity downgrades Intel Corporation (NASDAQ: INTC) from Accumulate to Source of Funds, citing weak forecasts from PC makers.
ThinkEquity downgrades Texas Instruments (NYSE: TXN) from Accumulate to Source of Funds with a $33 price target.
Citigroup downgrades ValueClick, Inc. (Nasdaq: VCLK) from Buy to Hold as the stock moves within 3% of their $30 price target. The firm said the risk-reward profile is less compelling.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merrill Lynch resumes coverage on Nokia (NYSE: NOK) with a Buy rating. The firm said the pickup in margins and share gains will continue.
Friedman Billings initiates coverage on MetLife, Inc. (NYSE: MET) with an Outperform rating and $83 price target.
Friedman Billings initiates coverage on AFLAC Incorporated (NYSE: AFL) with an Outperform rating and $67 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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