Notable Analyst Rating Changes 5/6: WB, AGU, HES, SLM Upgraded; PCU, PTR, SUN, VLO Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Stifel Nicolaus upgrades Wachovia (NYSE: WB) from Hold to Buy with a $40 price target.
RBC Capital upgrades Agrium (NYSE: AGU) from Sector Perform to Outperform. Price target $115.
Goldman Sachs upgrades Hess Corporation (NYSE: HES) from Neutral to Buy.
Lehman Bros. upgrades SLM (NYSE: SLM) from Equalweight to Overweight, citing more positive outlook from recently passed bill (in Gov't). Price target increased from $27 to $30.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
HSBC downgrades Southern Copper (NYSE: PCU) from Overweight to Neutral.
Goldman Sachs removes PetroChina Co. Ltd. (NYSE: PTR) from their Asia Pacific Buy List and adds the stock to their Asia Pacific Sell List. Price target on PetroChina A-shares cut 32% to 13.2 Yuan. Price target on PetroChina H-shares cut 24% to HK$10.70.
Goldman Sachs and J.P. Morgan downgrades Sunoco (NYSE: SUN) from Buy to Neutral and from Neutral to Underweight, respectively.
J.P. Morgan downgrades Valero (NYSE: VLO) from Overweight to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:Caris & Co initiates coverage on Newell Rubbermaid (NYSE: NWL) with an Average, citing highest commodity cost exposures in its sector. Price target $24.
Sanford C. Bernstein initiates coverage on AutoZone (NYSE: AZO) with an Outperform. Price target $155.
Jesup & Lamont initiates coverage on Suntech Power (NYSE: STP) with a Buy rating and $64 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Stifel Nicolaus
- JPMorgan
- Goldman Sachs
- Lehman Brothers
- Wachovia
- Sanford C. Bernstein
- RBC Capital
- Jesup & Lamont
- Scopia Capital
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