Notable Analyst Rating Changes 04/04: (SBUX) (JOY) (CIEN) Upgraded; (ALLT) (MCD) (IBM) Downgraded

April 4, 2012 11:03 AM EDT Send to a Friend
UPGRADES
Goldman Sachs upgrades Starbucks (Nasdaq: SBUX) from Neutral to Conviction Buy with a price target of $66 (up from $49). Click Here for more color.

KeyBanc lifts Joy Global (NYSE: JOY) from Hold to Buy with a price target of $90. Click Here for more color.

JPMorgan nudges CIENA (Nasdaq: CIEN) up from Neutral to Overweight, its target raised from $15 to $20.

Barclays raises Southwest (NYSE: LUV) from Equalweight to Overweight, price target raised from $11 to $13.

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

DOWNGRADES
Jefferies drops Allot Communications (Nasdaq: ALLT) from Buy to Hold with a price target of $25 (up from $21). Click Here for more color.

Goldman Sachs cuts McDonald's (NYSE: MCD) from Conviction Buy to Buy with a price target of $110 (down from $114). Click Here for more color.

BofA/Merrill Lynch trims IBM (NYSE: IBM) from Buy to Neutral.

Barclays reduces United Continental (NYSE: UAL) from Overweight to Equalweight, its price target lowered from $30 to $27.

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

NEW COVERAGE
Mizuho Securities initiates EMC (NYSE: EMC) with a Buy and $34 target.

Cantor Fitzgerald assumes Celgene (Nasdaq: CELG) at Buy and a $90 target. Click Here for more color.

Oppenheimer begins REX Energy (Nasdaq: REXX) with an Outperform and $14 target. Click Here for more color.

Express Scripts (Nasdaq: ESRX) started by three firms:
  • Citi at Neutral and $63 target;

  • Jefferies at Buy, its price target raised from $60 to $68. Click Here for more color; and

  • Lazard Capital with a Buy and $67 target.
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Cantor Fitzgerald, JPMorgan, Citi, KeyBanc, Jefferies & Co, Merrill Lynch, Bank of America, Lazard, Barclays, Notable Analyst Rating Changes

Add Your Comment