Notable Analyst Rating Changes 6/25: XRTX, DE, JCP, LM, SLM Upgraded; COP, RHT, HAL Downgraded

June 25, 2009 10:06 AM EDT

UPGRADES:
Stifel Nicolaus and Baird upgrade Xyratex (Nasdaq: XRTX) to Buy and Outperform, respectively.

Goldman Sachs upgraded Deere & Co. (NYSE: DE) from Sell to Neutral, maintaining their $42 price target. The firm is citing an improved risk/reward.

JPMorgan upgrades J.C. Penney (NYSE: JCP) from Neutral to Overweight, also boosting its price target from $28 to $33. Click here for more color.

Deutsche Bank upgrades Legg Mason (NYSE: LM) from Sell to Hold. Price target increased from $18 to $23. Click here for the full report.

J.P. Morgan upgrades SLM Corporation (NYSE: SLM) from Neutral to Overweight. Click here for the full report.

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

DOWNGRADES:
Goldman Sachs downgraded ConocoPhillips (NYSE: COP) from Buy to Neutral, saying the risk/reward is less favroable relative to the sector.

Bank of America downgrades Red Hat (NYSE: RHT) from Buy to Neutral. Price target $21.

Goldman Sachs downgrades Halliburton Company (NYSE: HAL) from Buy to Neutral, $28 target. Removed from Conviction Buy List.

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

NEW COVERAGE:
Citigroup initiates coverage on Alcoa (NYSE: AA) with a Buy rating and $14 price target.

Citi initiates coverage on Freeport-McMoRan (NYSE: FCX) with a Hold. Price target $53.

ThinkEquity initiates coverage on THQ Inc (Nasdaq: THQI) with an Accumulate rating. Price target $8.

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


Related Categories

Special Reports

Stocks Mentioned

AA 13.50

+0.16 +1.20%
Volume: 18,161,977
Track AA

COP 53.48

+0.63 +1.19%
Volume: 7,463,612
Track COP

DE 48.45

-0.03 -0.06%
Volume: 3,064,587
Track DE

FCX 83.02

-0.18 -0.22%
Volume: 11,770,278
Track FCX

HAL 31.27

-0.36 -1.14%
Volume: 6,936,327
Track HAL

JCP 31.01

-0.23 -0.74%
Volume: 2,865,388
Track JCP

LM 31.47

-0.13 -0.41%
Volume: 860,950
Track LM

RHT 27.57

+0.30 +1.10%
Volume: 776,369
Track RHT

SLM 10.59

-0.16 -1.49%
Volume: 2,266,527
Track SLM

THQI 5.08

-0.17 -3.24%
Volume: 495,558
Track THQI

XRTX 11.18

-0.41 -3.54%
Volume: 97,240
Track XRTX


Related Entities


Add Your Comment