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Notable Analyst Rating Changes 05/03: (GM) (BZH) (RDC) Upgraded; (DCTH) (SYY) (LULU) Downgraded

May 3, 2013 10:41 AM EDT Send to a Friend
UPGRADES
Craig-Hallum upgrades General Motors (NYSE: GM) from Hold to Buy.

Beazer Homes (NYSE: BZH) upgraded by two today:
  • JPMorganfrom Neutral to Overweight; and

  • JMP Securities from Market Underperform to Market Perform.

Credit Suisse boosts Manulife Financial Corporation (NYSE: MFC) from Neutral to Outperform.

Jefferies lifts Rowan Companies (NYSE: RDC) from Hold to Buy, moving its price target from $38 to $39. Click Here for more color.

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

DOWNGRADES
Delcath Systems (Nasdaq: DCTH) downgraded by a handful today:
  • Wedbush from Outperform to Neutral, moving its price target from $5 down to $1.30;

  • Roth Capital from Buy to Sell, slashing its price target from $3 down to $0.50;

  • JMP Securities from Market Outperform to Market Perform; and

  • Cowen from Outperform to Underperform.

Wedbush cuts Lululemon Athletica Inc. (Nasdaq: LULU) from Outperform to Neutral with a price target of $7. Click Here for more color.

Cantor Fitzgerald trims Sysco (NYSE: SYY) from Hold to Sell with a price target of $28. Click Here for more color.

Goldman Sachs drops AngloGold Ashanti (NYSE: AU) from Neutral to Sell.

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

NEW COVERAGE
UBS begins Cubist Pharmaceuticals (Nasdaq: CBST) with a Buy. PT $61.00.

Topeka Capital initiates Fossil c with a Buy rating and a price target of $112. Click Here for more color.

Howard Weil assumes Emerald Oil (NYSE: EOX) at Sector Perform and $9 target.

Raymond James starts Nevsun Resources (NYSE: NSU) with a Outperform and price target of Cdn$4.50.

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

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Credit Suisse, UBS, Cantor Fitzgerald, Raymond James, Jefferies & Co, Roth Capital, JMP Securities, Notable Analyst Rating Changes, Cowen & Co

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