Notable Analyst Rating Changes 01/23: (RIMM) (SWN) (JNS) Upgraded; (SIRI) (AMGN) (FST) Downgraded

January 23, 2012 10:38 AM EST Send to a Friend
UPGRADES
Deutsche Bank upgrades Research In Motion Ltd. (Nasdaq: RIMM) from Sell to Hold with a price target of $18. Click Here for more color.

BMO Capital lifts Southwestern Energy (NYSE: SWN) from Market Perform to Outperform, price target maintained at $40.

JPMorgan boosts Janus Capital (NYSE: JNS) from Underweight to Neutral, price target raised from $6 to $8.50.

Morgan Stanley raises Capella Education (Nasdaq: CPLA) from Equal Weight to Overweight.

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DOWNGRADES
Morgan Stanley lowers Sirius XM Radio (Nasdaq: SIRI) from Overweight to Equalweight, moving its price target from $2 to $2.30.

JPMorgan downgrades Amgen (Nasdaq: AMGN) from Overweight to Neutral, price target raised from $70 to $75.

Forst Oil (NYSE: FST) downgraded by two today:
  • BMO Capital from Outperform to Market Perform, with its price target lowered from $20 to $15; and

  • Jefferies from Buy to Hold, its price target moving from $17 to $13. Click Here for more color.
Stifel Nicolaus reduces Procter & Gamble (NYSE: PG) from Buy to Hold, maintaining a price target of $70.

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NEW COVERAGE
Jive Software (Nasdaq: JIVE) started by several firms Monday:
  • BMO Capital at Outperform, and a $20 price target;

  • Goldman Sachs with a Neutral rating and $16 price target. Click Here for more color;

  • Wells Fargo with a Market Perform, and price target range $15 to $17. Click Here for more color;

  • Citi at Buy, and $20 target;

  • Morgan Stanley with an Overweight; and

  • UBS at Neutral, and target of $16.
Sanchez Energy (NYSE: SN) also started by a handful of analysts:
  • Stifel Nicolaus at Buy and $25 price target;

  • Macquarie initiates coverage on Sanchez Energy (NYSE: SN) with an Outperform and $28 target;

  • Johnson Rice with an Overweight;

  • Northland Securities with an Outperform and $28 target; and

  • Canaccord Genuity at Buy and $33 target. Click Here for more color.
JPMorgan initiates Titanium Metals (NYSE: TIE) with a Neutral, and target of $14.50.

Brean Murray Carret & Co. assumes Rentech, Inc. (NYSE: RTK) with a Buy, and $3 target. Click Here for more color.

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Stifel Nicolaus, Deutsche Bank, Brean Murray Carret & Co., UBS, JPMorgan, Citi, Morgan Stanley, Jefferies & Co, BMO Capital, Janus Capital, Johnson Rice, Notable Analyst Rating Changes, Northland Securities, Wells Fargo

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