Notable Analyst Rating Changes: CC, GMST, FL Up; EMR, PALM, MOGN Down

December 10, 2007 10:04 AM EST

Notable Analyst Rating Changes:

UPGRADES:
Soleil Securities Group upgrades Circuit City (NYSE: CC) from Hold to Buy with a $13 price target.

Morgan Joseph upgrades Gemstar-TV Guide International (Nasdaq: GMST) from Hold to Buy with a $5.95 price target, citing Macrovision's (Nasdaq: MVSN) buyout offer as a extremely powerful near-term catalyst.

UBS upgrades Ryanair (Nasdaq: RYAAY) from Neutral to Buy with a EUR 5.50 target.

Merrill Lynch upgrades Foot Locker (NYSE: FL) from Neutral to Buy, saying it is less likely that trends deteriorate from here.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Deutsche Bank downgrades Emerson Electric (NYSE: EMR) from Buy to Hold, as the stock is slightly ahead of its 12-month target price of $57.

Merrill Lynch downgrades Amgen (Nasdaq: AMGN) from Buy to Neutral.

UBS downgrades Palm (Nasdaq: PALM) from Neutral to Sell.

MGI Pharm (Nasdaq: MOGN) cut to Peer Perform from Outperform by Bear Stearns. MGI Pharm was bought out earlier this morning for $41.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Credit Suisse reinstated coverage on First Solar (Nasdaq: FSLR) with an Outperform rating.

J.P. Morgan initiates coverage on Service Corp (NYSE: SCI) with an Overweight rating.

Credit Suisse initiates coverage on Health Net (NYSE: HNT) with a Neutral. Price target $53.

UBS initiates coverage on Vulcan Materials (NYSE: VMC) with a Sell.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

Related Categories

Special Reports

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?