Notable Analyst Rating Changes: CC, GMST, FL Up; EMR, PALM, MOGN Down
Notable Analyst Rating Changes:
UPGRADES:
Soleil Securities Group upgrades Circuit City (NYSE: CC) from Hold to Buy with a $13 price target.
Morgan Joseph upgrades Gemstar-TV Guide International (Nasdaq: GMST) from Hold to Buy with a $5.95 price target, citing Macrovision's (Nasdaq: MVSN) buyout offer as a extremely powerful near-term catalyst.
UBS upgrades Ryanair (Nasdaq: RYAAY) from Neutral to Buy with a EUR 5.50 target.
Merrill Lynch upgrades Foot Locker (NYSE: FL) from Neutral to Buy, saying it is less likely that trends deteriorate from here.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Deutsche Bank downgrades Emerson Electric (NYSE: EMR) from Buy to Hold, as the stock is slightly ahead of its 12-month target price of $57.
Merrill Lynch downgrades Amgen (Nasdaq: AMGN) from Buy to Neutral.
UBS downgrades Palm (Nasdaq: PALM) from Neutral to Sell.
MGI Pharm (Nasdaq: MOGN) cut to Peer Perform from Outperform by Bear Stearns. MGI Pharm was bought out earlier this morning for $41.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Credit Suisse reinstated coverage on First Solar (Nasdaq: FSLR) with an Outperform rating.
J.P. Morgan initiates coverage on Service Corp (NYSE: SCI) with an Overweight rating.
Credit Suisse initiates coverage on Health Net (NYSE: HNT) with a Neutral. Price target $53.
UBS initiates coverage on Vulcan Materials (NYSE: VMC) with a Sell.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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