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Notable Analyst Rating Changes 05/16: (F) (MGM) (FITB) Higher; (KNX) (MGA) (HTLD) Downgraded

May 16, 2011 10:51 AM EDT
UPGRADES
Citigroup lifts Ford (NYSE: F) from Hold to Buy while maintaining an $18 price target. Click Here for more color.

Jefferies upgrades MGM Mirage (NYSE: MGM) from Hold to Buy and raised their price target form $16 to $18. Click Here for more color.

Sandler O’Neill raises Fifth Third Bancorp (Nasdaq: FITB) from Hold to Buy.

JPMorgan ups AMR Corp (NYSE: AMR) from Neutral to Overweight.

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

DOWNGRADES
Baird downgrades Knight Transportation (NYSE: KNX) from Outperform to Neutral, with a price target lowered from $22 to $20.

Citi downgrades Magna Intl (NYSE: MGA) from Buy to Hold, lowering its price target from $63 to $56. Click Here for more color.

Baird lowers Heartland Express (Nasdaq: HTLD) from Outperform to Neutral, and price target cut from $20 to $19.

Lazard Capital cuts Masimo Corp. (Nasdaq: MASI) from Buy to Hold.

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

NEW COVERAGE
Global Hunter Securities starts Baker Hughes (NYSE: BHI) with a Buy, and $97 price target. Click Here for more color.

Global Hunter Securities initiates Key Energy Services (NYSE: KEG) with a Buy, and price target of $24. Click Here for more color.

Tranzyme (Nasdaq: TZYM) started by two today:
  • Canaccord Genuity at Buy, and $7 price target; and

  • Stifel Nicolaus with a Buy, and $11 price target.
Credit Agricole begins Danaher (NYSE: DHR) with a Buy, and $67 price target.

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

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Stifel, JPMorgan, Citi, Jefferies & Co, Robert W Baird, Lazard, Notable Analyst Rating Changes, Credit Agricole