Notable Analyst Rating Changes 7/17: NVS, CHINA, CVLT, BT Upgraded; NOK, AKAM, KMP, SCHN, LL Downgraded

July 17, 2009 9:50 AM EDT

UPGRADES:
J.P. Morgan upgrades Novartis (NYSE: NVS) from Neutral to Overweight.

Wedbush Morgan upgraded CDC Corp. (Nasdaq: CHINA) two-notches from Undeperform to Outperform after announcing that is CDC Software nit filed for an IPO. The firm raised its price target from $1.50 to $2.50, which represents 28% upside from yesterday's close of $1.94.

Goldman Sachs upgraded CommVault Systems, Inc. (Nasdaq: CVLT) from Sell to Neutral. The firm raised its price target on CVLT to $17 from $15.

Bernstein upgrades BT Group (NYSE: BT) from Market Perform to Outperform.

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

DOWNGRADES:
UBS downgrades Nokia (NYSE: NOK) from Buy to Neutral.

Goldman Sachs downgrades Akamai Technologies Inc. (Nasdaq: AKAM) to Sell. The firm lowered their price target on AKAM to $20 from $21.

Wells Fargo downgrades Kinder Morgan Energy Partners (NYSE: KMP) to Market Perform. Click here for more color on the downgrade.

Morgan Stanley downgrades Schnitzer Steel Industries (Nasdaq: SCHN) from Equalweight to Underweight. Price target $42.

Goldman Sachs downgrades Lumber Liquidators, Inc. (NYSE: LL) from Buy to Neutral with a $18 price target, saying valuation adequately reflects growth potential.

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

NEW COVERAGE:
Jefferies & Co initiates coverage on Darden Restaurants (NYSE: DRI) with a Buy.

Janney Montgomery Scott initiates coverage on Automatic Data Processing (NYSE: ADP) with a Buy rating. $44 fair value estimate. Click here for the full report.

SocGen initiates coverage on Waste Management (NYSE: WMI) with a Buy rating.

Pali Research initiates coverage on Franklin Resources (NYSE: BEN) with a Buy. Price target $87. Here is some more color on the coverage.

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


Related Categories

Special Reports

Stocks Mentioned

ADP 43.53

-0.47 -1.07%
Volume: 1,862,884
Track ADP

AKAM 23.92

-0.37 -1.52%
Volume: 1,444,393
Track AKAM

BEN 108.97

-3.49 -3.10%
Volume: 762,733
Track BEN

BT 23.83

-0.86 -3.48%
Volume: 62,547
Track BT

CHINA 2.39

-0.08 -3.24%
Volume: 273,543
Track CHINA

CVLT 20.68

-0.60 -2.82%
Volume: 331,536
Track CVLT

DRI 31.15

+0.04 +0.13%
Volume: 806,161
Track DRI

KMP 57.71

+0.05 +0.09%
Volume: 318,713
Track KMP

LL 24.04

-0.53 -2.16%
Volume: 64,368
Track LL

NOK 13.21

-0.32 -2.37%
Volume: 8,118,451
Track NOK

NVS 55.38

-0.47 -0.84%
Volume: 839,477
Track NVS

SCHN 44.77

-2.40 -5.09%
Volume: 503,799
Track SCHN

WMI 28.39

-0.18 -0.63%
Volume: 1,276,223
Track WMI


Related Entities


Add Your Comment