Notable Analyst Rating Changes 01/04: (JNJ) (ZQK) (AVP) Upgraded; (LULU) (MSFT) (ABT) Downgraded

January 4, 2013 11:06 AM EST Send to a Friend
UPGRADES
Deutsche Bank upgrades Johnson & Johnson (NYSE: JNJ) from Hold to Buy, adjusting its price target to $82 from $75 prior. Click Here for more color.

Goldman Sachs raises Quiksilver (NYSE: ZQK) from Neutral to Buy, moving its price target from $4 up to $6.50. Click Here for more color.

BofA/Merrill Lynch lifts Avon Products (NYSE: AVP) from Neutral to Buy.

Goldman Sachs adds Citigroup (NYSE: C) to its Conviction Buy List, boosting its target $7 to $49. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Credit Suisse downgrades lululemon athletica (Nasdaq: LULU) from Outperform to Neutral, lowering its price target from $86 down to $80. Click Here for more color.

Piper Jaffray trims Endo Pharmaceuticals Holdings Inc (Nasdaq: ENDP) from Overweight to Neutral, cutting its price target to $28 from $37 prior.

Goldman Sachs reduces Wells Fargo (NYSE: WFC) from Buy to Neutral with a price target of $40. Click Here for more color.

Deutsche Bank cuts Abbott Labs (NYSE: ABT) from Buy to Hold, taking its target down from $70 to $33. Click Here for more color.

Argus downgrades Microsoft (Nasdaq: MSFT) from Buy to Hold.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
BofA/Merrill Lynch initiates Abbvie (NYSE: ABBV) with a Buy and $40 target.

Macquarie assumes National-Oilwell Varco (NYSE: NOV) at Outperform and $82 price target.

Longbow Research begins Krispy Kreme (NYSE: KKD) with a Buy and price target of $15.

Abbvie (NYSE: ABBV) started by two firms today:
  • Barclays at Equalweight and $37 target;

  • BofA/Merrill Lynch with a Buy and price target of $40.

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Goldman Sachs Conviction Buy List, Credit Suisse, Piper Jaffray, Deutsche Bank, Citi, Merrill Lynch, Bank of America, Barclays, Longbow Research, Argus, Notable Analyst Rating Changes, Wells Fargo

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