Notable Analyst Rating Changes 05/07: LVS, PMI, AA, EXM Upgraded; ERII, FSYS, HANS, GOLD Downgraded
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UPGRADES
UBS raises Las Vegas Sands (NYSE: LVS) from Neutral to Buy, with a price target incresed from $24 to $28.
Keefe, Bruyette and Woods upgrades The PMI Group (NYSE: PMI) from Market Perform to Outperform with a $7 price target, citing valuation.
BMO Capital upgrades Alcoa (NYSE: AA) from Market Perform to Outperform, with a price target of $15.
Excel Maritime (NYSE: EXM) gets an upgrade from two firms today:
DOWNGRADES
Baird downgrades Energy Recovery (Nasdaq: ERII) from Outperform to Neutral, and their price target lowered to $6 from $8.
Fuel Systems (Nasdaq: FSYS) gets a downgrade from two firms:
Rangold Resources (Nasdaq: GOLD) downgraded by two today:
NEW COVERAGE
Citi initiates coverage on ArvinMeritor (NYSE: ARM) with a Buy rating and $20 price target. Click Here for more color.
ING Group initiates coverage on ABB Ltd (NYSE: ABB) with a Buy rating.
Raymond James initiates coverage on Alaska Air Group (NYSE: ALK) with a Strong Buy rating.
Northcoast Research initiates coverage on Lubrizol (NYSE: LZ) with a Buy rating, with a price target of $115.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
UBS raises Las Vegas Sands (NYSE: LVS) from Neutral to Buy, with a price target incresed from $24 to $28.
Keefe, Bruyette and Woods upgrades The PMI Group (NYSE: PMI) from Market Perform to Outperform with a $7 price target, citing valuation.
BMO Capital upgrades Alcoa (NYSE: AA) from Market Perform to Outperform, with a price target of $15.
Excel Maritime (NYSE: EXM) gets an upgrade from two firms today:
- Oppenheimer upgrades from Perform to Outperform., with an $8 price target; and
- Cantor Fitzgerald upgrades from Sell to Hold, with a price target increased $1 to $6. Click Here for more color.
DOWNGRADES
Baird downgrades Energy Recovery (Nasdaq: ERII) from Outperform to Neutral, and their price target lowered to $6 from $8.
Fuel Systems (Nasdaq: FSYS) gets a downgrade from two firms:
- Thomas Weisel downgrades from Overweight to Marketweight, their price target lowered from $35 to $28; and
- Craig-Hallum downgrades from Buy to Accumulate, and a price target lowered from $60 to $30.
Rangold Resources (Nasdaq: GOLD) downgraded by two today:
- Thomas Weisel downgrades from Overweight to Marketweight, and $95 price target; and
- HSBC downgrades from Overweight to Neutral, with a price target of $90.
NEW COVERAGE
Citi initiates coverage on ArvinMeritor (NYSE: ARM) with a Buy rating and $20 price target. Click Here for more color.
ING Group initiates coverage on ABB Ltd (NYSE: ABB) with a Buy rating.
Raymond James initiates coverage on Alaska Air Group (NYSE: ALK) with a Strong Buy rating.
Northcoast Research initiates coverage on Lubrizol (NYSE: LZ) with a Buy rating, with a price target of $115.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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