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Notable Analyst Rating Changes 02/03: BMS, SNDK, HSY, MU Upgraded; DHI, RAX, RYL, FSLR Downgraded

February 3, 2011 10:57 AM EST
BMS Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)
UPGRADES
KeyBanc upgraded Bemis (NYSE: BMS) from Hold to Buy, with a $38 price target. Click Here for more color.

Gleacher & Co. upgrades SanDisk (Nasdaq: SNDK) from Neutral to Buy.

Hershey (NYSE: HSY) gets a boost from two today:
  • J.P. Morgan from Neutral to Overweight, with a price target increased from $50 to $54; and

  • Credit Suisse from Neutral to Outperform, increasing their price target from $52 to $55.
Gleacher & Co. upgraded Micron Technology (Nasdaq: MU) from Neutral to Buy.

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

DOWNGRADES
D.R. Horton (NYSE: DHI) lowered by two today:
  • Goldman Sachs from Buy to Neutral and cuts its price target from $13 to $12; and

  • Susquehanna to Neutral, with a price target dropped from $16 to $12. Click Here for more color.
Kaufman Bros. downgrades Rackspace (NYSE: RAX) from Buy to Hold and maintains a $35 price target. Click Here for more color.

Goldman Sachs downgraded Ryland Homes (NYSE: RYL) from Neutral to Sell and cuts their price target from $17 to $15.

Auriga downgraded First Solar (Nasdaq: FSLR) from Buy to Hold, with $167 price target.

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

NEW COVERAGE
Jefferies initiates coverage on Juniper Networks (NYSE: JNPR) with a Buy rating and a $46 price target. Click Here for more color.

Raymond James initiates coverage on Aon Corp (NYSE: AON) with a Market Perform.

UBS resumes coverage on Ivanhoe Energy (Nasdaq: IVAN) with a Neutral (from Buy).

Craig-Hallum initiates coverage on Intersil (Nasdaq: ISIL) with a Buy, with an $18.50 price target.

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

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Credit Suisse, UBS, JPMorgan, Kaufman Bros., KeyBanc, Raymond James, Jefferies & Co, Susquehanna International Group of Companies, Notable Analyst Rating Changes, Auriga

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