Notable Analyst Rating Changes 6/26: COCO, SOLF, PTRY Upgraded; GM, RHT, GS, MGM Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Lehman Bros. upgrades Corinthian Colleges (Nasdaq: COCO) from Equalweight to Overweight. Price target $15.
Goldman Sachs upgrades Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) from Sell to Neutral.
Friedman Billings upgrades The Pantry (Nasdaq: PTRY) from Market Perform to Outperform, citing attractive valuation. Price target $13.50.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades GM (NYSE: GM) from Neutral to Sell, saying rising gas prices, falling consumer confidence and tighter credit conditions will weigh on profits.
Oppenheimer downgrades Red Hat (NYSE: RHT) from Outperform to Market Perform.
Wachovia downgrades Goldman Sachs (NYSE: GS) from Outperform to Market Perform.
J.P. Morgan downgrades MGM Mirage (NYSE: MGM) from Overweight to Neutral.
Goldman Sachs added Citigroup Inc. (NYSE: C) to its Conviction Sell List. The firm said Citi may take an additional $8.9 billion in write-downs in Q2.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Stifel Nicolaus initiates coverage on Sonic Corp. (Nasdaq: SONC) with a Buy rating.
Broadpoint Capital initiates covearge on Capstone Turbine (Nasdaq: CPST) with a Buy and $6 price target, saying larger microturbine systems could be a game changer.
Stifel initiates Discovery Holdings (Nasdaq: DISCA) with A Hold. Stifel is concerned that DVR usage will lower the amount of time users view cable channels, thus hurting Discovery Holdings.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Goldman Sachs Conviction Sell List
- Stifel Nicolaus
- JPMorgan
- Goldman Sachs
- Citi
- Lehman Brothers
- Wachovia
- Friedman, Billings, Ramsey
- Broadpoint Capital
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
