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Notable Analyst Rating Changes 01/06: (XIDE) (JCP) (VOD) Upgraded; (GS) (CSTR) (INTC) Downgraded

January 6, 2012 11:24 AM EST
XIDE Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)
UPGRADES
Wedbush upgrades Exide Technologies (Nasdaq: XIDE) from Neutral to Outperform with a price target of $5. Click Here for more color.

Macquarie lowers J.C. Penney (NYSE: JCP) from Neutral to Outperform with a price target of $42.

Goldman Sachs boosts Vodafone (Nasdaq: VOD) from Neutral to Buy. Click Here for more color.

Sterne Agee moves SanDisk (Nasdaq: SNDK) from Neutral to Buy, nudging its price target from $55 to $57.

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

DOWNGRADES
Wells Fargo downgrades Goldman Sachs (NYSE: GS) from Outperform to Market Perform with a valuation range of $95 to $105. Click Here for more color.

Morgan Keegan lowers Coinstar (Nasdaq: CSTR) to a Market Perform rating from its previous rating of Outperform, cutting its price target from $60 to $42.

Sterne Agee reduces Intel (Nasdaq: INTC) from Buy to Neutral, lowering its price target from $27 to $26.

Nordstrom (NYSE: JWN) cut by two today:
  • Macquarie from Outperform to Neutral; and

  • BofA/Merrill Lynch to an Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Wells Fargo initiates FedEx (NYSE: FDX) with a Outperform.

Mizuho Securities commenced Marvell (Nasdaq: MRVL) with a Buy, and $17 price target.

Nomura Securities assumes ARM Holdings (Nasdaq: ARMH) at Neutral.

BB&T Capital begins Crocs (Nasdaq: CROX) with a Hold.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Merrill Lynch, Bank of America, Sterne Agee, BB&T Capital Markets, Nomura, Morgan Keegan & Company, Notable Analyst Rating Changes, Wells Fargo

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