Notable Analyst Rating Changes 5/23: DKS, NDAQ, DELL Upgraded; PSUN, CAKE, F Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
UBS upgrades Dicks Sporting Goods (NYSE: DKS) from Neutral to Buy.
Merrill Lynch upgrades NASDAQ (Nasdaq: NDAQ) from Neutral to Buy, saying headwinds from lower trade volume, rising competition and recent share loses on Nasdaq-listed equities are largely priced in.
Morgan Stanley upgrades Dell (Nasdaq: DELL) from Equal Weight to Overweight, saying the company will benefit from the shift to lower-priced servers.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Piper Jaffray downgrades Pacific Sunwear (NASDAQ: PSUN) from Buy to Neutral with an $11 price target.
Goldman Sachs downgrades Cheesecake Factory (Nasdaq: CAKE) from Buy to Neutral with a $24 price target.
Calyon Securities downgrades Ford Motor (NYSE: F) from Add to Neutral and lowers their price target from $9 to $7.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
BMO Capital initiates coverage on Xerox (NYSE: XRX) with a Market Perform. Price target $16.
Baird initiates coverage on Broadcom (Nasdaq: BRCM) with a Neutral. Price target $29.
Oppenheimer initiates coverage on MedAssets (Nasdaq: MDAS) with a Perform, citing current valuation. Price target $20.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Piper Jaffray
- UBS
- Goldman Sachs
- Morgan Stanley
- Merrill Lynch
- Calyon Securities
- Robert W Baird
- BMO Capital
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