Notable Analyst Rating Changes 5/18: LEN, MGM, RTP, BA Upgraded; LLL, RTN, NOC, SPWRA, AN, JWN Downgraded

May 18, 2009 10:31 AM EDT

UPGRADES:
Citi upgrades Lennar (NYSE: LEN) from Hold to Buy. Price target increased from $11 to $12. Click here for more color.

JP Morgan upgrades MGM Mirage (NYSE: MGM) from Neutral to Overweight, $11 price target.

RBS upgrades Rio Tinto (NYSE: RTP) from Sell to Hold.

Goldman Sachs upgrades Boeing Co. (NYSE: BA) from Sell to Neutral and lifts its price target from $30 to $46.

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

DOWNGRADES:
Goldman Sachs downgraded the Defense Sector from Attractive to Cautious, saying a extended spending downturn in possible. The firm downgraded L-3 Communications (NYSE: LLL), Raytheon Co. (NYSE: RTN) from Buy to Neutral. Northrop Grumman Corporation (NYSE: NOC) was downgraded from Neutral to Sell and added to the Sell List.

Soleil Securities downgrades SunPower (Nasdaq: SPWRA) from Hold to Sell with a $21 price target. The firm said they believe the valuation is stretched heading into what they expect to be a very difficult environment for the PV industry over the next 12 months. Here is the full report.

Goldman Sachs downgrades AutoNation (NYSE: AN) from Neutral to Sell. Price target $14.

Goldman Sachs downgraded Nordstrom (NYSE: JWN) from Neutral to Sell. Price target $21.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on J.Crew Group (NYSE: JCG) with a Buy. Price target $24. Click here for the full report.

KeyBanc initiates coverage on Under Armour (NYSE: UA) with a Hold rating. Click here for more color on the new coverage.

KeyBanc initiates coverage on lululemon athletica (Nasdaq: LULU) with a Hold. Here is the full report.

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


Related Categories

Special Reports

Stocks Mentioned

AN 17.72

+0.02 +0.11%
Volume: 3,164,189
Track AN

BA 53.78

+0.06 +0.11%
Volume: 5,980,217
Track BA

JCG 43.62

+0.06 +0.14%
Volume: 1,983,927
Track JCG

JWN 34.72

+0.38 +1.11%
Volume: 3,533,241
Track JWN

LEN 12.79

-0.09 -0.70%
Volume: 3,588,177
Track LEN

LLL 78.69

+0.35 +0.45%
Volume: 531,520
Track LLL

LULU 26.56

-0.20 -0.75%
Volume: 396,658
Track LULU

MGM 10.90

-0.25 -2.24%
Volume: 16,242,816
Track MGM

NOC 55.27

+0.01 +0.02%
Volume: 2,059,448
Track NOC

RTN 51.90

+0.10 +0.19%
Volume: 2,330,562
Track RTN

RTP 219.89

+8.19 +3.87%
Volume: 892,194
Track RTP

SPWRA 21.53

-0.09 -0.42%
Volume: 2,327,106
Track SPWRA

UA 26.44

+0.29 +1.11%
Volume: 607,823
Track UA


Related Entities


Add Your Comment