Notable Analyst Rating Changes 05/17: (AONE) (PDM) (CVA) Upgraded; (CREE) (NYX) (FXCM) Downgraded
UPGRADES
BofA/Merrill Lynch upgrades A123 Systems (Nasdaq: AONE) from Neutral to Buy.
Stifel Nicolaus lifts Piedmont Office Realty Trust (NYSE: PDM) from Sell to Hold.
BofA/Merrill Lynch raises Covanta (NYSE: CVA) from Neutral to Buy.
Enerplus (NYSE: ERF) upgraded by several firms:
DOWNGRADES
BofA/Merrill Lynch lowers Cree (Nsdaq: CREE) from Neutral to Underperform.
Argus downgrades NYSE Euronext (NYSE: NYX) from Buy to Hold.
Citi cuts FXCM Inc (NYSE: FXCM) from Hold to Sell, lowering its price target from $7 to $5.50.
BofA/Merrill Lynch reduces downgraded Clean Energy Fuels (Nasdaq: CLNE) from Neutral to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Goldman Sachs initiates MAKO Surgical (Nasdaq: MAKO) with a Conviction Buy list rating and $36 price target. Click Here for more color.
Baird starts SandRidge Energy (NYSE: SD) with a Neutral, and $12 price target.
Stifel Nicolaus begins Iron Mountain (NYSE: IRM) at Buy, and $39 price target.
Auriga resumes coverage on PMC-Sierra (Nasdaq: PMCS) with a Hold rating and $8 price target. Click Here for more color.
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BofA/Merrill Lynch upgrades A123 Systems (Nasdaq: AONE) from Neutral to Buy.
Stifel Nicolaus lifts Piedmont Office Realty Trust (NYSE: PDM) from Sell to Hold.
BofA/Merrill Lynch raises Covanta (NYSE: CVA) from Neutral to Buy.
Enerplus (NYSE: ERF) upgraded by several firms:
- TD Newcrest from Hold to Buy, increasing its price target from C$34 to C$37. Click Here for more color;
- Scotia Capital from Underperform to Sector Perform; and
- Canaccord Genuity from Hold to Buy.
DOWNGRADES
BofA/Merrill Lynch lowers Cree (Nsdaq: CREE) from Neutral to Underperform.
Argus downgrades NYSE Euronext (NYSE: NYX) from Buy to Hold.
Citi cuts FXCM Inc (NYSE: FXCM) from Hold to Sell, lowering its price target from $7 to $5.50.
BofA/Merrill Lynch reduces downgraded Clean Energy Fuels (Nasdaq: CLNE) from Neutral to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Goldman Sachs initiates MAKO Surgical (Nasdaq: MAKO) with a Conviction Buy list rating and $36 price target. Click Here for more color.
Baird starts SandRidge Energy (NYSE: SD) with a Neutral, and $12 price target.
Stifel Nicolaus begins Iron Mountain (NYSE: IRM) at Buy, and $39 price target.
Auriga resumes coverage on PMC-Sierra (Nasdaq: PMCS) with a Hold rating and $8 price target. Click Here for more color.
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.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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