Notable Analyst Rating Changes 6/24: RTN, ADBE, UST, MVL Upgraded; EMR, NMX, UPS, CRL Downgraded
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
J.P. Morgan upgrades Raytheon (NYSE: RTN) from Neutral to Overweight.
Morgan Stanley upgrades Adobe Systems (Nasdaq: ADBE) from Equalweight to Overweight.
UBS upgrades UST (NYSE: UST) from Neutral to Buy.
RBC Capital upgrades Marvel Entertainment (NYSE: MVL) from Sector Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Credit Suisse downgrades Emerson Electric (NYSE: EMR) from Outperform to Neutral.
Fox-Pitt downgrades NYMEX Holdings (NYSE: NMX) from Outperform to In-Line.
Baird downgrades UPS (NYSE: UPS) from Outperform to Neutral, citing lowered Q2 guidance. Price target dropped from $86 to $72.
Goldman Sachs downgrades Charles River Laboratories International Inc. (NYSE: CRL) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Credit Suisse starts Centex (NYSE: CTX), D.R. Horton (NYSE: DHI), KB Home (NYSE: KBH), Pulte Homes (NYSE: PHM), Ryland (NYSE: RYL) and Toll Brothers (NYSE: TOL) at Outperform.
Morgan Stanley assumes coverage on Oracle (Nasdaq: ORCL) with an Overweight rating.
Genuity Captial initiates coverage on Research In Motion Ltd. (Nasdaq: RIMM) with a Buy rating and $200 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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