Notable Analyst Rating Changes 04/28: X, TLAB, SSP, UPS Upgraded; F, FORM, DELL, DPZ, PFWD Downgraded
UPGRADES
U.S. Steel (NYSE: X) gets an upgrade from two today:
Morgan Stanley upgrades UPS (NYSE: UPS) from Underweight to Equalweight.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Credit Suisse downgraded Ford (NYSE: F) today from Neutral to Underperform, citing that they "do not think this level of profitability is sustainable."
UBS has downgraded shares of Dell (Nasdaq: DELL) from Buy to Neutral this morning, also raising the stock's price target from $17 to $17.50.
Citigroup downgrades Domino's Pizza Inc. (NYSE: DPZ) today from Buy to Hold, increasing their price target to $19.50. Click Here for more color.
Power Foward (Nasdaq: PFWD) gets a downgrade from two firms today:
NEW COVERAGE
Deutsche Bank initiates coverage on Cemex (NYSE: CX) with a Buy rating, and a $16 price target. Click Here for more color.
Brean Murray Carret starts Baidu (Nasdaq: BIDU) with a Buy rating and $800 price target. Click Here for more color.
Gabelli initiates coverage on Patterson-UTI Energy (Nasdaq: PTEN) with a Buy rating.
Lazard Capital initiates coverage on Novavax, Inc. (NASDAQ: NVAX) with a Buy rating, and a $4 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
U.S. Steel (NYSE: X) gets an upgrade from two today:
- Goldman Sachs maintains their Buy rating, but increses their price target to $73 from $70. Click Here for more color;
- Dahlman Rose upgrades United States Steel (NYSE: X) from Hold to Buy, maintaining their $80 price target.
- J.P. Morgan upgrades from Neutral to Overweight, with a price target increased from $8.50 to $11;
- Jefferies & Co upgrades Tellabs (Nasdaq: TLAB) from Hold to Buy. Price target increased from $6 to $10.50.
Morgan Stanley upgrades UPS (NYSE: UPS) from Underweight to Equalweight.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Credit Suisse downgraded Ford (NYSE: F) today from Neutral to Underperform, citing that they "do not think this level of profitability is sustainable."
UBS has downgraded shares of Dell (Nasdaq: DELL) from Buy to Neutral this morning, also raising the stock's price target from $17 to $17.50.
Citigroup downgrades Domino's Pizza Inc. (NYSE: DPZ) today from Buy to Hold, increasing their price target to $19.50. Click Here for more color.
Power Foward (Nasdaq: PFWD) gets a downgrade from two firms today:
- Jefferies & Co downgrades from Buy to Hold, with a price target on the company of $17;
- Craig-Hallum downgrades from Buy to Accumulate, with a price target lowered by $1 to $17.
NEW COVERAGE
Deutsche Bank initiates coverage on Cemex (NYSE: CX) with a Buy rating, and a $16 price target. Click Here for more color.
Brean Murray Carret starts Baidu (Nasdaq: BIDU) with a Buy rating and $800 price target. Click Here for more color.
Gabelli initiates coverage on Patterson-UTI Energy (Nasdaq: PTEN) with a Buy rating.
Lazard Capital initiates coverage on Novavax, Inc. (NASDAQ: NVAX) with a Buy rating, and a $4 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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