Notable Analyst Rating Changes 01/13: (SWY) (CTRP) (NUAN) Upgraded; (VMW) (PHM) (CX) Downgraded
UPGRADES
Jefferies upgrades Safeway (NYSE: SWY) from Hold to Buy with a price target of $25. Click Here for more color.
Susquehanna raises Ctrip.com (Nasdaq: CTRP) from Neutral to Positive.
Longbow Research boosts Nuance Communications (Nasdaq NUAN) from Neutral to Buy.
Goldman Sachs lifts Bally Technologies (NYSE: BYI) from Neutral to Buy with a price target of $46. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Citi cuts VMware (NYSE: VMW) to Sell, lowering its price target from $87 to $80.
Guggenheim lowers PulteGroup (NYSE: PHM) from Buy to Neutral with a price target of $8.
Barclays reduces CEMEX (NYSE: CX) from Overweight to Equalweight, its price target cut from $7 to $6.
Wells Fargo downgrades Charles Schwab Corp. (NYSE: SCHW) from Outperform to Market Perform, its price target range trimmed from $14 - $15 to $11 - $13. Click Here for more color.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
BofA/Merrill Lynch initiates First Niagara Financial (Nasdaq: FNFG) with a Neutral, and $10 price target.
Wells Fargo starts Regions Financial (NYSE: RF) with a Market Perform, and valuation range of $4-$5. Click Here for more color.
Stifel Nicolaus begins American International Group (NYSE: AIG) with a Hold.
Wells Fargo assumes East West Bancorp (Nasdaq: EWBC) at Market Perform, and target of $24. Click Here for more color.
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Jefferies upgrades Safeway (NYSE: SWY) from Hold to Buy with a price target of $25. Click Here for more color.
Susquehanna raises Ctrip.com (Nasdaq: CTRP) from Neutral to Positive.
Longbow Research boosts Nuance Communications (Nasdaq NUAN) from Neutral to Buy.
Goldman Sachs lifts Bally Technologies (NYSE: BYI) from Neutral to Buy with a price target of $46. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Citi cuts VMware (NYSE: VMW) to Sell, lowering its price target from $87 to $80.
Guggenheim lowers PulteGroup (NYSE: PHM) from Buy to Neutral with a price target of $8.
Barclays reduces CEMEX (NYSE: CX) from Overweight to Equalweight, its price target cut from $7 to $6.
Wells Fargo downgrades Charles Schwab Corp. (NYSE: SCHW) from Outperform to Market Perform, its price target range trimmed from $14 - $15 to $11 - $13. Click Here for more color.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
BofA/Merrill Lynch initiates First Niagara Financial (Nasdaq: FNFG) with a Neutral, and $10 price target.
Wells Fargo starts Regions Financial (NYSE: RF) with a Market Perform, and valuation range of $4-$5. Click Here for more color.
Stifel Nicolaus begins American International Group (NYSE: AIG) with a Hold.
Wells Fargo assumes East West Bancorp (Nasdaq: EWBC) at Market Perform, and target of $24. Click Here for more color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.
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