Notable Analyst Rating Changes 5/30: DELL, AIG, PBR, BIG Upgraded; OSTK, COST, SIGM, JCG Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Merrill Lynch upgrades Dell (Nasdaq: DELL) from Neutral to Buy, following Q1 results.
Morgan Stanley upgrades AIG (NYSE: AIG) from Equal Weight to Overweight, saying the sell-off appears overdone.
Goldman Sachs upgrades Petrobras (NYSE: PBR) from Neutral to Buy.
Piper Jaffray upgrades Big Lots (NYSE: BIG) from Neutral to Buy and raises their price target from $27 to $37.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades Overstock.com (Nasdaq: OSTK) from Neutral to Sell.
Piper Jaffray downgrades Costco Wholesale (NASDAQ: COST) from Buy to Neutral with a $77 price target.
Lazard and Roth Capital downgrade Sigma Designs (Nasdaq: SIGM) to Hold.
Wachovia and Citi downgrade J. Crew (NYSE: JCG) to Market Perform and Sell, respectively.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Citi assumes coverage on Hess Corp (NYSE: HES) with a Hold. Price target increased from $109 to $133.
Oppenheimer initiates coverage on P.F. Chang's (Nasdaq: PFCB) with a Market Perform, citing slowing return and too early for results from Pei Wei.
Lehman Brothers initiates coverage on IntercontinentalExchange (NYSE: ICE) with an Equal-Weight and and $165 target, saying secular growth, product expansion and vertical integration of its energy clearing functions should drive growth, but concerns include valuation and perceived regulatory risk.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Piper Jaffray
- Goldman Sachs
- Citi
- Morgan Stanley
- Merrill Lynch
- Lehman Brothers
- Wachovia
- Lazard
- Roth Capital
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