Notable Analyst Rating Changes 02/21: (GRPN) (NKE) (EA) Upgraded; (HEK) (PAY) (LOW) Downgraded

February 21, 2013 10:53 AM EST Send to a Friend
UPGRADES
Piper Jaffray upgrades Groupon, Inc. (Nasdaq: GRPN) from Neutral to Overweight,, moving its price target frm $5.50 to $8.

Citi raises Nike (NYSE: NKE) from Neutral to Buy, adjusting price target from $51 up to $62.

Macquarie boosts Electronic Arts (Nasdaq: EA) from Neutral to Outperform.

UBS lifts MasterCard (NYSE: MA) from Sell to Neutral.

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

DOWNGRADES
Jefferies trims Heckmann Corporation (NYSE: HEK) from Buy to Hold, moving its price target from $5.50 down to $4.50. Click Here for more color.

VeriFone (NYSE: PAY) cut by a handful of firms today:
  • Raymond James from Strong Buy to Outperform, halving its price target to $30;

  • SunTrust Robinson Humphrey from Buy to Neutral;

  • JPMorgan from Overweight to Neutral, cutting its target from $46 to $20; and

  • Piper Jaffray from Overweight to Neutral, dropping its price target from $42 down to $24.

Stifel Nicolaus lowers Lowe's (NYSE: LOW) from Buy to Hold.

BofA/Merrill Lynch lops Tesla Motors (Nasdaq: TSLA) from Neutral to Underperform following fourth-quarter 2012 results, release Wednesday night.

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

NEW COVERAGE
Drexel Hamilton initiates Public Service Enterprise Group Inc. (NYSE: PEG) with a Hold and $33 target.

B. Riley assumes Cerner (Nasdaq: CERN) at Neutral and $91 target.

Janney Montgomery Scott begins Questcor Pharmaceuticals (Nasdaq: QCOR) with a Buy and $40 target.

JPMorgan starts AMR Corp (OTCBB: AAMRQ) with an Overweight and price target of $6.50.

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Piper Jaffray, Stifel Nicolaus, UBS, JPMorgan, Citi, Raymond James, Jefferies & Co, Merrill Lynch, Bank of America, B. Riley, Janney Montgomery Scott, SunTrust Robinson Humphrey, Notable Analyst Rating Changes, Tesla

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