Notable Analyst Rating Changes 02/02: AA, Q, AXP, FCX, ACHN Upgraded; JEC, VCLK, AVAV Downgraded
UPGRADES
Citigroup upgrades Alcoa (NYSE: AA) from Hold to Buy while maintaining a $17 price target.
Piper Jaffray upgrades Qwest Communications (NYSE: Q) from Neutral to Overweight. Price target increased from $4 to $5.50. Click Here for more color.
Bank of America Merrill Lynch upgrades American Express (NYSE: AXP) to Buy with a $44 price target.
Citigroup upgrades Freeport McMorRan (NYSE: FCX) from Hold to Buy and raises their price target from $85 to $95.
Wedbush upgrades Achillion Pharmaceuticals (NASDAQ: ACHN) from Neutral to Outperform. Price target $5. Click Here
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Goldman Sachs downgrades Jacobs Engineering Group Inc. (NYSE: JEC) from Neutral to the Conviction Sell List with a $33 downside price target. Click Here for more color.
Collins Stewart downgrades ValueClick (NASDAQ: VCLK) from Buy to Hold. Click Here for more color.
SunTrust downgrades AeroVironment (NASDAQ: AVAV) to Neutral from Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Downgrades
UPGRADES
Sanford C. Bernstein initiates Visa (NYSE: V) with an Outperform, and pricetarget of $104.
Davenport initiates coverage on Abbott Labs (NYSE: ABT) with a Buy rating and price target $63.
Jefferies & Co initiates coverage on Orexigen Therapeutics (NASDAQ: OREX) with a Buy and a price target $12.
Morgan Joseph initiates coverage on Deere & Co (NYSE: DE) with a Hold rating. Click Here for more color.
C.L. King initiates coverage on Smith & Wesson (NASDAQ: SWHC) with an Accumulate rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Citigroup upgrades Alcoa (NYSE: AA) from Hold to Buy while maintaining a $17 price target.
Piper Jaffray upgrades Qwest Communications (NYSE: Q) from Neutral to Overweight. Price target increased from $4 to $5.50. Click Here for more color.
Bank of America Merrill Lynch upgrades American Express (NYSE: AXP) to Buy with a $44 price target.
Citigroup upgrades Freeport McMorRan (NYSE: FCX) from Hold to Buy and raises their price target from $85 to $95.
Wedbush upgrades Achillion Pharmaceuticals (NASDAQ: ACHN) from Neutral to Outperform. Price target $5. Click Here
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Goldman Sachs downgrades Jacobs Engineering Group Inc. (NYSE: JEC) from Neutral to the Conviction Sell List with a $33 downside price target. Click Here for more color.
Collins Stewart downgrades ValueClick (NASDAQ: VCLK) from Buy to Hold. Click Here for more color.
SunTrust downgrades AeroVironment (NASDAQ: AVAV) to Neutral from Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Downgrades
UPGRADES
Sanford C. Bernstein initiates Visa (NYSE: V) with an Outperform, and pricetarget of $104.
Davenport initiates coverage on Abbott Labs (NYSE: ABT) with a Buy rating and price target $63.
Jefferies & Co initiates coverage on Orexigen Therapeutics (NASDAQ: OREX) with a Buy and a price target $12.
Morgan Joseph initiates coverage on Deere & Co (NYSE: DE) with a Hold rating. Click Here for more color.
C.L. King initiates coverage on Smith & Wesson (NASDAQ: SWHC) with an Accumulate rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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