Notable Analyst Rating Changes: TSO, KR Upgraded; CFC, CAT Downgraded
Up)
Notable Analyst Rating Changes:
UPGRADES:
Citi upgrades Tesoro Corporation (NYSE: TSO) from Hold to Buy. Price target increased from $51 to $65.
Bear Stearns upgrades American Eagle Outfitters (NYSE: AEO) from Peer Perform to Outperform.
Credit Suisse upgrades Kroger (NYSE: KR) from Neutral to Outperform. Price target $32.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citi downgrades Countrywide Financial (NYSE: CFC) from Buy to Hold.
Morgan Stanley downgrades Caterpillar (NYSE: CAT) from Equal Weight to Underweight with a $67 price target, citing concerns construction equipment volumes will decline.
Citi downgrades JPMorgan (NYSE: JPM) from Buy to Hold. Price target lowered from $57 to $46.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Banc of America initiates coverage on Dollar Tree (Nasdaq: DLTR) with a Neutral.
J.P. Morgan, CIBC and Piper Jaffray initiate coverage on BioForm Medical (Nasdaq: BFRM) with an Overweight, Outperform and Buy rating, respectively.
Susquehanna initiates coverage on Orbitz Worldwide (NYSE: OWW) with a Neutral.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
UPGRADES:
Citi upgrades Tesoro Corporation (NYSE: TSO) from Hold to Buy. Price target increased from $51 to $65.
Bear Stearns upgrades American Eagle Outfitters (NYSE: AEO) from Peer Perform to Outperform.
Credit Suisse upgrades Kroger (NYSE: KR) from Neutral to Outperform. Price target $32.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citi downgrades Countrywide Financial (NYSE: CFC) from Buy to Hold.
Morgan Stanley downgrades Caterpillar (NYSE: CAT) from Equal Weight to Underweight with a $67 price target, citing concerns construction equipment volumes will decline.
Citi downgrades JPMorgan (NYSE: JPM) from Buy to Hold. Price target lowered from $57 to $46.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Banc of America initiates coverage on Dollar Tree (Nasdaq: DLTR) with a Neutral.
J.P. Morgan, CIBC and Piper Jaffray initiate coverage on BioForm Medical (Nasdaq: BFRM) with an Overweight, Outperform and Buy rating, respectively.
Susquehanna initiates coverage on Orbitz Worldwide (NYSE: OWW) with a Neutral.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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